End of year 2 accounts

I remember when I posted my first year accounts, a friend told me I’d spend £4,000 in year two. I didn’t believe him: this year would just be racing costs since we already had everything else that we would need so this year *had* to be cheaper, right?

Year two’s magic number is £4,683 😮 On the back of a year one spend £4,594, that day one prediction of £4,600 per year is looking scarily good! Before you ask me for the lottery numbers this week, I’ll admit that that figure included the cost of buying the kart so I am definitely overspending, especially when you consider that £1,131 went on non-essential items. This is the full breakdown:

Running costs – £2,853:

  • Licenses/memberships – £94
  • Practice fees (12 sessions) – £470
  • Race fees (13 race days) – £664
  • Wet tyres (one unused, three used – all from forums) – £165
  • Slicks(two sets) – £300
  • Engine/carb rebuilds – £608
  • Petrol (for the car) – £353
  • Fuel (for the kart) – £141
  • Bridge tolls – £38

Perishables – £246

  • Bolts – £31
  • Brake fluid/seals – £25
  • Sprocket carrier/protector (eBay) – £33
  • Chains (2) – £34
  • Exhaust flex/wrap – £47
  • Fuel hose – £7
  • Seat – £40
  • Carb gaskets – £25

Repairs – £453:

  • Axles (2) – £144
  • Weld – £10
  • Exhaust bracket – £20
  • Exhaust cradle – £12
  • Steering column – £42
  • Bumper bolts – £21
  • Engine (crank alignment) – £170
  • Jig check – £34

Non-essentials – £1,131

  • Engine mount – £30
  • Additional wet rims – £50
  • Mag rims – £100
  • Decals – £120
  • Bodywork – £119
  • Hotel – £130
  • Engine upgrade – £425
  • 2010 chassis – £25
  • Bearing hangers – £30
  • Additional carbs – £70
  • Carb tester – £32

The running costs for next year will be interesting since we will be buying more new tyres although that may be offset by less track time as Junior enters the run-up to his exams. As for the non-essentials, some of the luxuries were birthday presents etc and the engine upgrade was effectively trading in our old cast barrelled engine nearing rebuild time for a CNC barrelled engine with 90 minutes on but that is still a fair amount of money that could possibly have either been saved or invested in track time. Talking of which, how much time did we get? Unfortunately I seem to have lost the data from June and July but, minus one practice day and three race days, the count was 1,048 laps around Clay and 590 laps around Llandow.

See you in year three? 😀

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