Month 8

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Our first Christmas during Our Brat Experiment 🙂 And because I have started tracking what we have left in the budget (as opposed to simply what we have spent), I already know that things didn’t go entirely to plan… Which of course makes me not want to write this post very much. But I will trooper forth! We now have only two months left of our BEAUTIFUL Korean salaries and so I’m extra motivated to see exactly how we did and make sure that we are on track to reach our savings target. So let’s jump in!

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.

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month-8b

Our groceries were more than usual this month… We average spending 18% of our money on groceries and this month we spent 25%…. and I’m not sure why. I initially thought that it might be food for Christmas but I was very careful to put any Christmas food under our Christmas budget. The once-off is so big because of the external hard drives that we bought.

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Homemade salmon moose starter for Christmas 🙂

Significantly we didn’t travel AT ALL this month. This is a first since we started Our Brat Experiment. It was a little intentional because we knew that we would spend more with it being Christmas but mostly we were just tired and wanted to rest at home 🙂

So let’s see how we went according to our plan:

month-8c

Only over budget by 28 049 won??? Yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay!!!!! 🙂 Which gives us a savings rate of 50% – which is fantastic given that we were aiming for 51%. AND it was Christmas. Happy, happy days 😀

The Christmas spend is bigger than our plan reports it to be because it includes Husband’s kindle even though it was paid for out of what was the ski-plan. It’s interesting to see how much we spend on Christmas… The problem is that for our families in South Africa we bought gifts online with money that we have in South Africa that we haven’t bothered tracking under The Brat Experiment (terrible I know, dear Reader!)… so this isn’t actually a true reflection of what we spent…

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My Christmas nails 🙂

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

  • January (December salary): 1 day-night ski trip; Thailand spending money
  • February (January salary): Korean tea set; 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 9, our plan is to:

  • Live off 1 800 000 won
  • Thailand spending money of 500 000 won (we leave just before payday so our spending money has to come out of this salary but our cost of living in Korea will only reduce from being away next month)
  • One day-night ski trip for 300 000 won (I’ve done the research this time so feel confident that this is how much we will need for the trip)
  • Save 51%

So here is to Month 9! 🙂

Xxx

 

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