The Numbers: A Summary of Month 2

I cannot believe that we are only 2 months into our Brat Experiment. I feel like we have been doing this for so much longer… It has become so much a part of us and how we view the world… Still amazes me how quickly that happened.

Anyway, here we are at the end of Month 2. As with last month’s summary I have kept a lot of detail because we are still new at this Brat Experiment and the detail gives us a better idea of our spending culture (and maybe fellow Korean dwellers will find it useful too).

Day to day lives:

Groceries

20%

240 580 won

3850 won Groceries
11 280 won Groceries
700 won Soft drink
46 860 won Groceries
850 won Water at beach
2400 won Chocolate biscuits
13 440 won Groceries
14 600 won Groceries
8800 won Groceries
2650 won Milk
3000 won Sweets
2 650 won Milk
6 950 won Bus snacks
4 500 won Juice
1 700 won Small milk
40 450 won Groceries
51 000 won My school lunches
8 500 won Soup mix
8 270 won Groceries
3 150 won Groceries
4 980 won Groceries

Eat out

11%

130 300 won

 

18 000 won Dinner out
9000 won School juice
22 000 won Dinner out
1800 won Ice cream
10 000 won Coffee out
14 000 won Lunch out
20 000 won Dinner out
35 500 won Burger dinner out

Clothes

5%

64 800 won

19 800 won Clothes
45 000 won Bag

Alcohol

5%

64 570 won

 

3500 won Beer
5300 won Beers and chocolate milk
3550 won Soju & Mix
8800 won Beer
2 900 won Beer at the beach
1 400 won Soju
3 800 won Tonic water
8 400 won Beach beer and chips
11 600 won Beer, milk and chocolate biscuits
3 720 won Beer
4 150 won Beer and chocolate biscuits
7 450 won Gin

Once-off

5%

64 450 won

26 400 won Brewing pot
8300 won Flower pots and soil
2750 won Plug
10 000 won Book
15 000 won Haircut
2 000 won Preserve jar

Bills & Fees

35%

421 705 won

 

121 500 won School union fee
500 won ATM withdrawal fee
1000 won ATM withdrawal fee
500 won ATM withdrawal fee
540 won SMS fee from bank
30 000 won Deposit to join a health shop
3000 won Fee to join the health shop
21 515 won Bank international transfer fees
104 260 won Building management fee
39 600 won My phone bill
43 560 won Internet bill
39 600 won Husband’s phone
16 130 won Gas bill

Transport

3%

39 700 won

 

2800 won Taxi
3600 won Taxi
3300 won Taxi
30 000 won Bus from Seoul

Gifts

13%

155 460 won

 

15 000 won Gifts
10 000 won Gifts
10 000 won Gifts
45 000 won Gifts
7000 won Gifts
10 000 won Gifts
18 000 won Gifts
20 000 won Gifts
12 460 won Gifts
8000 won Gifts

Medical

3%

26 600 won

7800 won Acupuncture
5300 won Acupuncture
6000 won Acupuncture
7500 won Medicine

 Week 5 grand total: 341 540 won

Necessary: 273 490 won (80%)

Indulgence: 68 050 won (20%)

Week 6 grand total: 229 300 won

Necessary: 187 650 (82%)

Indulgence: 41 650 won (18%)

Week 7 grand total: 95 590 won

Necessary: 52 590 won (55%)

Indulgence: 43 000 won (45%)

Week 8 grand total: 276 125 won

Necessary: 209 525 won (76%)

Indulgence: 66 600 won (24%)

Week 9 grand total: 265 610 won

Necessary: 214 790 won (81%)

Indulgence: 50 820 won (19%)

 TOTAL: 1 208 165 won (technically over budget by 208 167 won)

Total necessary: 938 045 won (78%)

Total indulgent: 270 120 won (22%)   

Firstly, what a massive improvement on last month! Last month we were 505 910 won over budget and we have more than halved that this month 🙂 Our ratio of necessity vs indulgence isn’t as good as last month though (78% vs 86% last month) but I’m ok with that given that we spent so much less money this month and that in the last week we aimed to enjoy life a bit more (by spending a bit more). Overall our ratio of necessity vs indulgence seems to hover around 80% vs 20% which is wonderful – we’re being frugal but are still making room to enjoy life (by spending more) from time to time 🙂

Travel:

 Transportation

34%

 94 900 won

4200 won Taxi to bus station
29 200 won Bus to Seoul
20 000 won Money on T-money card
5000 won Money on T-money card
10 000 won Money on T-money card
21 500 won Bus home
5000 won Taxi home

Accommodation

4%

10 000 won

 

4000 won Bag locker (instead of accommodation)
6000 won Bag locker

Food

 30%

83 400 won

 

3700 won Breakfast
7000 won Coffee out
12 400 won Subway Lunch
1500 won Doughnut
24 000 won Beer & Pudding
9400 won Juices
12 000 won Lunch out
6500 won Ice coffees
4000 won Groceries
1900 won Lunch out
1000 won Water

Alcohol

12%

32 500 won

21 500 won Craft beer
11 000 won Wine

Shopping

16%

44 000 won

10 000 won 2 shirts
21 000 won Gifts
13 000 won Three scarves

Tourist Things

4%

11 000 won

2000 won Deer food
9000 won Traditional Korean tea

 Seoul Travel Total: 275 800 won

Necessary: 192 900 (70%)

Indulgence: 82 900 won (30%)

 Travelling TOTAL: 275 800 won – well under budget J

 Which means:

MONTH 2 TOTAL (day to day & travel): 1 483 965 won (516 035 won UNDER budget)

This is incredible because it means that we have gone from being 318 210 won OVER budget last month to 516 035 won UNDER budget this month! 🙂 Yaaaaaaaaay! Why exactly I’m not actually sure yet… but I’m starting to feel the need for graphs to track the differences from month to month… look at my financial nerd coming out!! 😉

Anyway, because we knew that we were under budget for the month and because we had thought long and hard about these purchases (more than 30 days as is recommended by Get Rich Slowly) and because we had researched them extensively we bought:

  • Travel backpack for Husband: 93 000 won (on a 50% sale too!)
  • Waterproof camera: 355 110 won (a dream for YEARS)
  • Camera bags for my polaroid camera and waterproof: 13 500 won

For a grand total of 461 610 won (still under budget for the month at 1 945 575 won total). In other words, because we came in under budget we were able to buy things that we had thought long and hard about without it impacting on our savings rate. Just brilliant 🙂

Xxx

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3 thoughts on “The Numbers: A Summary of Month 2

  1. Wow. I applaud your endeavors with your budget! It is quite detailed, and I think that is very helpful to you and hopefully to encourage others as well.

    I did not realize that you were from South Korea when you commented a little while ago. I saw in the stats that someone from South Korea had visited and I thought, “How awesome is that!!!” 😀

    I know this is fairly random, but I have really enjoyed the majority of the South Korean television series I have seen. One of the most recent I discovered was Cantabile Tomorrow. I liked it so much, that I watched in in less than a week.

    Like

    • Thanks so much! 🙂 And relieved to know that you think all the detail might be helpful to others.
      I am currently working and living in South Korea but am originally from South Africa. Thanks for the tip on Cantabile Tomorrow – I have never heard of it but will definitely check it out. But you are right, there are some incredible Korean series/dramas/movies out there 🙂
      So glad that you are now following me – I look forward to any feedback/comments you may have in the future 🙂 xxx

      Liked by 1 person

  2. Pingback: The Numbers: A Summary of Month 4 | The Brat Experiment

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