The Numbers: A Summary of Month 9

And here we are, dear Reader, NINE MONTHS into Our Brat Experiment. An entire whole baby if we had been pregnant (which gives me new found respect for pregnancy – shows in concrete terms for an outsider how long it really is!!) It was also our second to last month in Korea and so we are now into the final push of saving as much as we possibly can while still having the amazing benefits Korea gives us (namely: very cheap health care, no tax and living rent free). According to our weekly reports we seem to have done quite well but I’m just not sure why so let’s hope this sheds some light on the matter!

To new readers of The Brat Experiment: Husband and I track every single won that we spend (we’re currently living in South Korea) 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.

Week 35 Week 36 Week 37 Week 38
Groceries: 21%

566 070 won

143 620 45 730 201 130 175 590
Eating Out: 9%

236 400 won

92 600 66 300 12 000 65 500
Clothes: 5%

119 600 won

49 800 0 0 69 800
Alcohol: 1%

20 600 won

5 600 15 000 0 0
Once-Off: 3%

85 900 won

40 900 17 000 18 600 9 400
Bills & Fees: 10%

26 5210 won

0 0 110 480 154 730
Transport: 1%

37 600 won

19 300 0 14 800 3 500
Gifts: 0%

0 won

0 0 0 0
Medical: 0%

0 won

0 0 0 0
Local Travel: 12%

307 700 won

0 247 500 60 200 0
Overseas Travel: 38%

1 006 200 won

0 0 0 1 006 200
Christmas: 0%

0 won

0 0 0 0
TOTAL 351 820 391 530 417 210 1 484 720

Week 35 total: 351 820 won

Necessary: 280 520 won (80%)

Indulgence: 71 300 won (20%)

Week 36 total: 391 530 won (144 030 won without the travel i.e. skiing)

Necessary: 343 530 won (88%)

Indulgence: 48 000 won (12%)

Week 37 total: 417 210 won

Necessary: 376 510 won (90%)

Indulgence: 40 700 won (10%)

Week 38 total: 1 484 720 won (478 520 won without Thailand)

Necessary: 1 200 420 won (81%)

Indulgence: 284 300 won (19%)

MONTH 8 TOTAL: 2 645 280 won (1 639 080 won without Thailand)

Total necessary: 2 200 980 won (83%)

Total indulgent: 444 300 won (17%)

There is nothing that stands out in terms of why we spent less than usual other than that if we look at our graph tracking our expenses per month, per category, we just consistently spent less in each category:

month-9a

img_4052

A teaser for the Thailand post to come 🙂 

 

Our biggest expense was obviously Thailand but I will go into the details of that in my Brat Travel section (the next planned post). The local travel section was up because we went skiing but that was all part of the plan and so an expected costed. So let’s see how we went according to our plan:

Plan for Month 9 Actually Spent Verdict
Live off 1 800 000 won 1 281 840 won 518 160 won under budget 🙂
Thailand spending money of   500 000 won 1 006 200 won 506 200 won over budget (plus more that’s coming out of Month 10!) 😦
Day-night ski trip for 300 000 won 247 500 won 52 500 won under budget 🙂
Planned TOTAL spend of        2 600 000 won 2 535 540 won UNDER BUDGET by 64 460 won 😀 😀 😀 😀
Save 54% Saved 55% Increased savings of 1%

I cannot actually believe it!! Even with DOUBLING our Thailand budget, we still came in under budget overall! Yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay!! 🙂 🙂 Which gives us a savings rate of 55% even with going to Thailand – I am blown away. Amazing, amazing times.

In terms of our plans for the last month of Korea, this is where we are at:

  • 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 and our bonus): flights to NZ from SA; spending money for the month of March in SA; travel guitar if we can

The only challenge is that with this being out last month in Korea I can already feel my spending behaviour shifting from “this is where I live” to more “we only have one month left so I must absorb everything I can so I’m actually a tourist”. For example, my favourite Korean cookies: I usually limit myself to only buying them during my period week. But that went out the window yesterday as I know that I won’t be able to buy them for much longer. I also may have bought a tiny bit of Korean artwork for 100 000 won over the weekend… And I know that we are going to eat out more than usual this month because we are so sad to leave all the gorgeous Korean food. So while we were originally hoping to reduce our living expenses to 1.3 million (rather than the usual 1.8 million) because of us having been away in Thailand, we can already tell that that’s not going to be realistic.

So we were stressing and desperately trying to find a way to spend more this coming month without having to reduce our savings… and then a marvelous thing happened last night: I realized that I had made the best kind of mistake. In our money plans I had allocated 1.8 million won for living expenses when we are actually no longer living in Korea anymore (on top of the already allocated holiday funds for that time period) i.e. we have an extra 1.8 million that we didn’t think we had 😀 😀 😀 So much of the happiness and cartwheels I can’t even tell you, dear Reader 😀 So what that means is that we can bump our living expenses up for our last month in Korea AND put the rest into savings which puts us into saving our dream-dream amount even with going to Thailand!!! I cannot actually explain the elated disbelief and euphoria that Husband and I felt last night… I just cannot fathom that it looks like Husband and I are actually going to pull this MASSIVE savings dream-dream thing off…

So for the coming month, Month 10, our last month in Korea, our plan is to:

  • Live off 1 800 000 won
  • Buy a Korean tea set for 150 000 won
  • Book our one-way flights to South Africa for 1 300 000 won
  • Send 100 000 won to South Africa to pay for accommodation in Thailand that we put on our South African credit card
  • Spend about 200 000 won on shipping things to New Zealand
  • Save 35%

So here is to Month 10: the final stretch of Our Korean Brat Experiment and hopefully saving our dream-dream amount! 🙂 🙂

img_3913

Xxx

Advertisements

One thought on “The Numbers: A Summary of Month 9

  1. Pingback: Week 39 & Week 40 | The Brat Experiment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s