How can we afford to do this? It’s not easy but we’re giving it a go. One of our problems has always been spending just a bit more money than we have. We’ve never had lots of it but I think that even if we had we would still be in the same situation.
What we have to do is control our spending and we have been using a software package called “You Need a Budget”. The main premise is that you allocate all of your money to various jobs, car insurance, site fees, clothing etc, etc until all of it has somewhere to go. You normally know how much is coming in, you know what bills are unavoidable and you can guess at the rest.
There is a smart phone app so you can dial in your shopping bill there and then as you are shopping and it gets uploaded to the cloud via dropbox next time you’re in internet range.
Over time your guesses will get better, you are setting aside some money for yearly bills such as insurance and servicing so the chances of any big bills catching you out are reduced. Register on the YNAB website and they will send you motivational emails to keep you on track.
We were lucky in being able to have a trial run and see what day to day living expenses can be. It was very quickly obvious that we couldn’t afford to eat lunch out or have a coffee or beer sitting in a cafe everyday. We need to allow for laundry, fresh water and waste disposal costs. Visitor fees soon start to mount up but it is still possible to budget for entrance fees.
We’re not very good with money but this software really seems to be helping us control the financial side of things. It could help you and since they have a 30 day free trial why not?