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Regular readers of my blog will be used to me complaining about inflationary increases to my regular expenditure whether it be utility bills, cost of petrol or the rising price of food. I devised a tight budget at the start of the year based on my spending during the previous year so I need to find cost savings equivalent to any price rises (i.e. inflation). So what have I done so far?
A new year brings a new opportunity to budget and that’s just what I have been doing. This year it’s been easier for me to set a budget as I tracked my spending in 2007 against the budget I had set at the beginning of the year so I had a good baseline to start from. However it looks like inflation is going to drive many of my costs up in 2008 adding a lot of uncertainty into my figures.
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