The Numbers: A Summary of Month 3

When Husband and I started this Brat Experiment we decided to give ourselves at least 3 months to decide if it was for us or not. And suddenly, here we are: at the end of Month 3. And the good news is that there isn’t even a discussion about whether this is for us or not. We both know that it is. I’ve been trying to figure out what the core reason is for us feeling like this and I think it’s because we’ve both embraced the fact that this is OUR Brat Experiment that we can shape and adapt to suit us exactly. We are both focused on becoming financially independent as soon as possible but we also feel a certain freedom in terms of being able to spend our money in line with our values (e.g. travelling, brewing beer, books etc). And I think that’s what makes this lifestyle sustainable: it’s ours, it’s flexible and our current savings rate of 66% makes the goal of financial independence seem tantalizingly realistic (according to MMM that savings rate has us retiring in 10.5 years!!!). So on that note, this is how we did in Month 3:

 Day to day lives:

Groceries

 24%

467 321 won

64 290 won Big shop
41 600 won Husband school lunch
2 700 won Choco pies
36 060 won Groceries
1 900 won Garlic and cucumber
8 500 won Korean side dishes
2 600 won Milk
150 040 won Big shop
15 910 won Groceries
1 000 won Chocolate milk
5 450 won Groceries
2 000 won Ice cream
1 450 won Chocolate milk
42 680 won Groceries
13 770 won Groceries
4 980 won Rice
26 000 won Husband’s school lunches
38 251 won My school lunches
8 140 won Groceries

Eat out

10%

186 400 won

 

 

 

7 000 won Bap-bin-su
13 000 won Gimbap dinner
48 300 won Dinner and beer out
27 000 won Dakgalbi
2 200 won Ice cream
7 000 won School juices
15 500 won Pizza
2 200 won Ice cream
3 000 won Juices
9 800 won Coffee at the beach
11 800 won Mom’s Touch (burgers out)
1 700 won Milkshake
5 400 won My school juices
13 000 won Pizza
17 500 won Bu-da-jig-ae for dinner
2 000 won Ice cream for pudding

Clothes

 7%

135 500 won

2 500 won Socks
22 800 won Pants and a skirt
6 000 won Shoes
51 500 won Top 10 sale
34 900 won Uniqlo
7 900 won Sunglasses
9 900 won Shorts
 

Alcohol

 6%

112 000 won

 

74 900 won Brewing kit
6 000 won Beer
6 600 won Boxes for brewing
2 700 won Water for brewing
6 000 won Beer outside the convenience store
15 800 won Wine

Once-off

 6%

113 340 won

2 000 won Nail polish
9 000 won MicroLego
29 640 won Clothes, sheets, hat and slops for Malaysia
40 200 won Headlights, sun cream, insect repellent for Malaysia
32 500 won ENGLISH books J
 

Bills & Fees

 13%

250 200 won

 

720 won Bank sms fee
21 670 won Fee for sending money to NZ
42 180 won Internet fee
103 850 won Building management fee
39 600 won My cell phone
42 180 won Husband’s cell phone

Transport

 2%

36 500 won

 

 

 

3 000 won Taxi home
3 300 won Taxi home
4 000 won Taxi to dentist
3 400 won Taxi home after dentist
3 700 won Taxi to dentist
3 600 won Taxi home after dentist
3 200 won Taxi home after E-Mart
3 500 won Taxi
3 200 won Taxi
5 600 won Taxi
 

Gifts

 2%

44 300 won

 

8 000 won Birthday party
19 800 won Gifts
9 000 won Gifts
3 300 won Gift
1 600 won Gift
2 600 won Gift cards

Medical

2%

47 300 won

24 900 won Dentist
10 700 won Dentist
10 700 won Dentist
1 000 won Plasters

Travel:

Transportation

 157 800 won

41 800 won Bus to Daegu
4 000 won Taxi
4 000 won Taxi
7 600 won Taxi
10 000 won T-money card
41 800 won Bus home
4 800 won Taxi
22 000 won Bus to Icheon
3 100 won Taxi to bus station
4 400 won Taxi to bus station
29 200 won Bus home
4 900 won Taxi home

Accommodation

56 500 won

55 000 won Motel
1 500 won Bag locker

Food

 205 100 won

 

9 000 won Gimbap dinner
2 500 won Bus snacks
38 000 won Pizza out
52 000 won Curry out
4 000 won Cool drinks
7 000 won Gimbap lunch
3 700 won Coffees
9 000 won Beer and chips
11 000 won Lunch
5 100 won Food
53 000 won Samgypsal for 4 people
10 800 won Burgers

Alcohol

 123 750 won

20 000 won Alcohol
2 750 won Beer
11 000 won Beer
90 000 won Alcohol

Shopping

n/a

Tourist Things

n/a

TRAVEL TOTAL: 562 950 won (28% of total month spend)

Daegu: 263 950 won

Red Hot Chili Peppers: 299 000 won

Week 10 total: 630 300 won

Necessary: 538 400 won (85%)

Indulgence: 91 900 won (15%)

Week 11 total: 350 250 won

Necessary: 302 740 won (86%)

Indulgence: 47 510 won (14%)

Week 12 total: 309 660 won

Necessary: 231 180 won (75%)

Indulgence: 78 480 won (25%)

Week 13 total: 665 601 won

Necessary: 544 401 won (82%)

Indulgence: 121 200 won (18%)

MONTH 3 TOTAL: 1 955 811 won (over budget by 55 811 won)

Total necessary: 1 616 721 won (83%)

Total indulgent: 339 090 won (17%)

This is our first full month using our new plan (1.9 million for day to day and travel combined) and I’m chuffed with how it has gone. Or more accurately: (a) I know we could have very easily cut out 55 811 won out so that we came in under budget BUT (b) I’m really chuffed with how the month felt (the vibe of Our Brat Experiment as it were). We are enjoying life, doing things that we enjoy but still watching the money. It all feels VERY sustainable.

We are fully aware though that The Brat Experiment is ridiculously easy to do in Korea with our current jobs (no rent or tax and very minimal travel costs) and so when we leave we are expecting a bit of a shock and adaption period and quite possibly a much reduced savings rate. But either way this year will be a brilliant jump start for us. Maybe this year is The Brat Experiment with Training Wheels that helps practice for the real world when we leave?

IMG_2890

On an evening walk (South Korea, July 2016)

Xxx

P.S. My inner number-nerd has come out and I have started tracking our monthly spending in graph form (using google docs)… but I can’t seem to figure out how to put the graph into a blog post… Anyone know how to do this??

 

 

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One thought on “The Numbers: A Summary of Month 3

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

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