It didn’t take long for the euphoria and excitement of leaving my job to fade a little, replaced with a little, nagging, kernel of doubt.
“How are we going to afford to maintain our lifestyle without my salary?”
Sure, I will have my redundancy package and my small pension to draw on, eventually. However, it may be another month or more before I see any sign of these amounts in my account. And, yes, I have grand plans for my business and for the blogs – after all I am now a self-employed business-person 😉
But as of today, right at this moment, I have no income coming to me. And that is a scary realisation.
I have shared before that budgeting is the one topic, pretty much without fail, that will draw Nathan and I into an argument. I hate budgeting. I dislike feeling under scrutiny for my purchasing decisions. I am uncomfortable acknowledging that I am not as in control of the finances as I think I should be. And, let’s be honest, it really is one big yawnfest.
Unfortunately budgeting can’t be ignored or swept under the carpet forever.
On Sunday, still recovering from the hangover from my work farewell (that can be my only excuse, surely?) I suggested we have a look at our finances so we could plan for some upcoming expenses. Like the ghastly gas and electricity bills and the car rego that are all due in October. Together with Matilda’s birthday (her gift list is ginormous AND she wants a party….)
Nathan agreed. So, in preparation for the big discussion, we had a cuppa and browsed the internet for all the things we would like to buy with all the money we don’t have right now. Hours passed in this very satisfactory manner. We then decided to take the tribe to Bunnings to bribe them with afternoon tea so we could have a good look around. Because that’s the very place to go to do your budget, isn’t it?
Unsurprisingly, we came away with unexpected and unbudgeted purchases. Unbudgeted as we still had no budget.
Bunnings, after all, is one giant black hole as far as the wallet goes. And although they claim to have everything under one roof, they certainly don’t have an accountant available or a DIY class on making a budget. Take it from me, it is not the place to go when you are in need of reining in your expenditure!
Now, the shopping trip wasn’t completely wasted. We did get the mother of all bargains:
Yes, we paid $10 for this gorgeous chrome pendant that should finally resolve our light issues above the dining table. I especially love the original price:
It’s hard to read but it was originally $99! That’s a discount of nearly 90% – bargain!!!!
So the upshot is, we still have no budget but we got the bargain of all bargains. Which was more dumb luck than anything, but I’ll take it.
Unfortunately we still have the budget discussion to survive, now with less money to go around, after our blithe spending spree. It’s the discussion we will have to have, sooner rather than later.
On the bright side I am currently reading a great book Ausperity by Lucy Tobin. Hoping to get some useful budgeting tips there and find a way to maintain elements of our lifestyle on a smaller and less expensive scale.
Do you have a budget? Is it a source of tension for you? Do you have any tips for me?
Seeking help via the amazing #IBOT community led by the good captain Jess!