Month 7

This has been a strange month. It was our first month since we started Our Brat Experiment where we gave ourselves permission to not save as much as possible. This was with our buy-winter-clothes plan. We also decided to reward ourselves with a trip to Thailand and, here’s the big step dear Reader, acknowledge that it was actually part of our spending (as opposed to some exceptional case like we did with our Malaysian trip). This has meant that our savings rate has dropped SIGNIFICANTLY this month (we hoped to save 56% [down from our usual 66%] but instead only saved 42%). The other thing is that we went over budget… but never fear! There are always lessons to be learnt and great songs to listen to (this is my new favourite one): Paper Girl by July Talk 🙂 

 

To new readers of The Brat Experiment: Husband and I track every single won that we spend on a fantastic app called Money Lover. The app is synched to both of our phones and means that it’s very easy to see where all of our money goes (which is not always pleasant!). I then report on our spending weekly and write up a summary of our spending for each month. You can check out our weekly spends and other monthly summaries in The Numbers section.

month-7-weekly-spend

Week 26 total: 692 150 won

Necessary: 578 650 won (84%)

Indulgence: 113 500 won (16%)

Week 27 spend: 1 189 070 won (472 270 won without the flights)

Necessary: 433 670 won (92%)

Indulgence: 38 600 won (8%)

Week 28 spend: 432 300 won

Necessary: 405 300 won (94%)

Indulgence: 27 000 won (6%)

Week 29 total: 536 160 won

Necessary: 441 960 won (82%)

Indulgence: 94 200 won (18%)

Week 30 total: 240 590 won

Necessary: 187 040 (78%)

Indulgence: 53 550 won (22%)

MONTH 7 TOTAL: 2 373 470 won (3 090 270 won with flights)

Total necessary: 2 046 620 won (84%)

Total indulgent: 326 850 won (16%)

The plan for Month 7 was to:

  • live off 1 800 000 won
  • buy winter clothes for 360 000 won
  • and we eventually decided to buy flights to Thailand for 700 000 won

For a grand spend of 2 160 000 won without flights and 2 860 000 won with flights. So we’re over budget by 213 470 won if we don’t consider the flights and 230 270 won if we do consider the flights… I’m pretty disappointed to be honest. When we look at my pretty graphs it shows that we have never spent so much, excluding overseas travel, since starting Our Brat Experiment…

month-7-total-monthly-spend

So that’s a new low. However, I am being quite harsh here because we AIMED to spend more than we usually do. It’s a tough call trying to decide how guilty we should feel though… 😉 This graph shows nicely where our downfall lay:

month-7-category-spend

Travel. Even the local travel was more than we usually spend on it. And clothes.  Maybe the lesson here is that we’re like kids who are never allowed an ounce of sugar and then go NUTS at birthday parties… once we started allowing ourselves to shop for clothes we just couldn’t stop. If this is the case then maybe we should try to buy clothes more regularly instead of waiting until we’re desperate and then going nuts? But I feel like that’s just too close to automatic (non-thinking) consumerism… We did spend a lot on clothes but each item was intentional, needed and valued. We stand behind every item that we bought (and offer a thankful prayer to the universe every time we step out into the bitter cold!). So maybe the real lesson is that from time to time we are just going to spend a kak load. And that’s ok.

In terms of our plans for the last few months of Korea, this is where we are at going forward (we keep reshuffling the exact timing of things):

  • December (November salary): 2 external hard drives; 2 ski trips, Christmas
  • January (December salary): 2 ski trips; camera lens, Korean tea set
  • February (January salary): flights home; shipping the few things we want to take from Korea to NZ (we trying to be minimalist about it!)
  • March (February salary): flights to NZ from SA; spending money for the month of March in SA; travel guitar if we can

So for the coming month, Month 8, our plan is to:

  • Live off 1 800 000 won
  • Buy two external hard drives (because we’re becoming a 1 computer family) for 260 000 won
  • Christmas budget of 200 000 won (decorations, food, presents etc)
  • Two ski trips for 400 000 won (I think we being optimistic here!)
  • Save 51%

 

I’m feeling weirdly quite optimistic about this coming month… It might be the fact that my co-teacher has just managed to source what we think is a gammon for Christmas – Yay! Please hold thumbs that it really is, dear Reader! 🙂 I do looooooove me some Christmas 🙂 🙂 🙂

 

                           Xxx

 

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One thought on “Month 7

  1. Pingback: Week 32 | The Brat Experiment

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