How often do you review your business spending?
I was quite blasé about it previously spending hundreds of pounds every month. It wasn’t until an unfortunate set of events kicked in that made me think.
It was August 2021 when I had an idea to centralise the database to allow the websites to have no negated functionality when the site switches to a failover server.
The cost of an AWS database was about £100 per month, which I was happy to pay as it included redundancy and it would mean there would be no difference between servers.
As there was a family holiday due, I implemented the solution and monitored it for a week before I went away. All was good 👍
Then on the last day of the family holiday, I became ill after eating some fish and chips. It transpired I had a small bowel obstruction so I was in hospital for 6 weeks.
In this time the costs for AWS had reached £1,500 per month 💰🤯
This was a hard lesson for me to learn, I double checked the quoted amount by AWS and it was right at £100 per month. When I investigated further I found the small print – data transfer to non-AWS services is chargeable.
After reverting the solution, I then looked at all other spending.
I cancelled all non-necessary services which include a BT phone system & Social Media posts.
Have you gone through a similar process to review your spending?