I work in the public sector as well, and am in a similar Phoenix Basketball Valley Oop Messy Bun Shirt when it comes to income and debt, but live in the US so this was super fascinating to read! I love “employer’s sacrifice scheme” to describe the pension programs lol, but I’m glad I have one – don’t get me wrong. I’m envious of how low your spending was!
One thing I’ve started doing within the last year is starting sinking funds and I think that may be helpful for you, too. I begin by plotting out predictable things like birthdays, Christmas, etc., and estimating how much I want to spend, and then dividing that number up by the amount of months I have until that thing happens. For example, I save $30/month for Christmas gifts so when November comes around I don’t panic or dip into whatever measly savings I have to cover the cost of gifts. It’s really helpful when you’re on a tight budget and helps me build up a little tiny emergency fund that I know I won’t touch for these kinds of things.
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They take so much stress out of budgeting! I know YNAB has sinking fund functionality built into its monthly Phoenix Basketball Valley Oop Messy Bun Shirt , so that can be helpful keeping track of what money in your account is supposed to go where. I’ve also tried tracking it with a spreadsheet. But the easiest way I found was to open up several different savings accounts (I use Capital One 360 but a lot of banks allow it) and just deposit the right amount of money into each one.
I know some people who prefer cash keep literal envelopes for each fund that they put cash into each payday or month. Some people seem to get super detailed and make a sinking fund for everything, but I prefer to keep it simple (Christmas, vet care, haircuts). It might take a little playing around to figure out what categories and style works for you.
