Food. You could easily cut this down $75. Meal planning take your own lunches. Baking snacks etc..
Takeout half it. So now $25 so that's one cheap take a week or one nicer one a fortnight.
Entertainment half or even 1/4 this. Just keep chanting my house is worth more than this movie/game etc...
Holiday cut by 5 or 10 dollars. If you cut your entertainment by a lot than it easier to justify more for holidays.
How many birthdays and christmas presents do you need to buy that budget seems very high. I would reduce birthday to 10 that is still 520 a year)
Please check your rates it seems low. Check your not using the 6 mth bill that they send instead of the full 12 months.
I'm doing a budget too to see if we can survive while I'm on mat leave and I'm budgeting $180 week for two people for supermarket (food and all the other household stuff) plus $20 a week for takeaway (cheap vietnamese and burgers in our neighbourhood).
What do people think? Is that enough/not enough/too much?
We are going to try and test it next fortnight to see how it goes. Thing is I used to be on a centrelink allowance and somehow always managed to make ends meet but having a salary really ruins your ability to be thrifty...
I think $180 pw is doable if you are smart and shop for specials. We are a family of 4 ( kids aged 4 and 10 months) and we manage on $200 a week
We manage on 100/wk for my girls and I but $140/wk when dh is home. I'm in Brisbane so I realise there is a price disparity between cities.
$180/wk is a what we would spend if we had lots of family over a few times.
Takeaway is $20.00 a week. The kids get sushi once a week. I get a bottle of wine
wifey of hubby who is always away. mother of two girls who are always amusing.
This is exactly what I do @meredithgrey 😊
Thanks for the suggestions so far ladies. I think I will start reducing our grocery & takeaway amount each week. Entertainment included alcohol as well, i might reduce this back to $50 a week and see how we go 😊 i made sure those weekly amounts were a little higher than what the amount actually is to make sure there is a little extra.
Optus mobile: I'm assuming you're on contract. If your contract is nearly up, don't renew it. Find a pre-paid deal that focuses on the parts that are important to you. For me it's Data. I've found a company that does $50 p/m, unlimited calls and text and 5gig of data i'll be switching to at the end of my contract.
Food shopping: If there are any fresh food markets around you, shop at them for fruit/veg. Buy non-perishables (that you use) in bulk. Make most meals from scratch and freeze them or make extra for next days lunches. Also find a bulk butcher, or go quarters in a beast with your family. $200/$300 will usually get you a quarter of one that will easilly fill a deep freeze and keep you going for months. Just make sure you label them clearly and write a list of everything you have and cross it off when you're done.
Entertainment: $100 a week is a lot of money for entertainment. If you like movie nights, pick one night a week where you and hubby go and buy a new movie, some popcorn and your fizzy of choice then curl up on the couch together and watch it. I like to incorporate my take away nights into these, so you get the whole package without leaving the comfort of your couch. It also has the added bonus of you guys having some "you" time and a chance to reconnect and be grown ups after you have a baby.
Take away: $50 per week for two people is also a lot (i'm basing this on Tas and Melbourne prices, btw). Pick one night a week to get take away with and set a limit at say $30 for delivery or less if you pick it up.
For insurances: I know banks do insurance on home/content/car. It might be worthwhile looking into the bank your home loan is through and seeing if they do these as well. My insurance for my car is $50 p/m for fire, theft and third party but i'm under 25 on my L's. They offered FOB full comprehensive for $60 a month. Naturally, do your research on whether they're a good company or not, etc, but could end up saving you quite a bit.
@ScubaGal I'm on mat leave at the moment and we budgeted $180 a week. ..that includes formula and its normally more than enough. ...some weeks more than others but over the month it evens out.
Last edited by Molros; 12-03-2015 at 10:22.
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