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Archive for October, 2016

Snowflakes 30-10-16; Into The $117's!

October 30th, 2016 at 10:20 am

Challenge starting balance: $8,739.85
Plus:
- weekly EF savings $35.69
- digital change $4.37
Challenge closing balance: $8,779.91

Our weekly EF savings were transferred over as usual, which is great but the two financial things of note were:

1) Our mortgage payment hit, and then interest was charged, the end result is we are now into the $117's!! New balance is $117,703. Very exciting. I don't think we will make $115k by the end of the year, but I do think we will make it to $116k.
2) My tax refund was received and was promptly sent back to the EF. The balance looks much healthier now! Breathing a sigh of relief.

Looking at the EF; the mini-EF is now $3,504.55 - this is the cash portion of the EF. The maxi-EF has only gone up $1 since last month! This is the shares portion of the EF. Thankfully the shares have only dropped a little bit; they were purchased for $3,826. So if the shares were at their purchase value the EF would then be $7330.55 instead of the $7,177 it currently is. Still it's great to be up into the next thousand, it feels like it has taken all year to get there.

***

Non-financial things were during the week we celebrated our 6 year wedding anniversary, then yesterday it was a beautiful spring day so we caught up on the gardening at home. We then said hello to our neighbours across the road and we had heard that the wife had changed jobs; she told me she was made redundant in the July of this year and it took her a full month to find a new job. She is the sole provider for her family; her husband has an illness so looks after the kids while she works. I told her I thought it was great that she was only out of work a month; she is really liking her new job.

Today we took our inlaws out for a country drive and we had lunch with them (I suggested this because we have spent the last couple of weekends with my family so thought it would be a nice thing to do), which was a really lovely day.

Snowflakes & Savings 24-10-16; Saturday Happy Events

October 24th, 2016 at 09:44 am

Challenge starting balance: $7,748.09
Plus:
- weekly EF savings x 2 $71.38
- Safeway rewards $10.00
- digital change $2.93
- Maxitrans dividend $10.50
- B's credit card debt repayment $180.00
- B's tax savings $403.33
- Phuket holiday savings $235.00
- my car savings $150.00
Challenge closing balance: $8,739.85

September was a huge month not only for bills but also because it was a five week month so October has been pretty lowkey. We repaid back the savings used to pay the bills and reduced our weekly spending in October to offset the overspending in September.

Still, I've had a bit of low-level anxiety with our money this month so have held off making savings transfers etc. Now that it is the end of the month nearly have felt like we could do it and be fine.

Among our snowflakes was a Safeway reward of $10, received today. That plus the digital change was sent over to the Christmas savings account; there is now $45.13 there, will top it up to $50 at the end of the week. Another snowflake was the Maxitrans dividend (small dividend but it is a small shareholding).

We sent another $180 to B's credit card - it is now sitting at owing $3012 - will be under $3k next month which is exciting.

I finally got around to lodging our tax returns last week! I will get back $1073 which will go back to the EF to repay the study unit; B owes $2780 from his business income which is due March 2017. This month we have saved $403.33 towards it.

I also saved $235 towards our Phuket trip; $1065 remains owing to be paid whenever we decide to go before September next year.

I also sent $150 to my car savings; normally should be $300 but we overspent a little this month so reduced it slightly. $124 was also repaid against the study unit.

While it would be great to be sending all of this to the EF, sometimes we have things which need to be paid (like B's tax) and things we should save a little for (like a trip which is booked).

****

Saturday's happy events were:

1. My sister and her husband sold their house for $70k above reserve at auction, which they were really happy about. My BIL is a MMM (aka Mr Money Moustache) convert and wants to retire in 5 years time (he'll be early 40s then). They are moving to the country and want to build a sustainable home so the extra $70k will definitely help their plans. Auctions are so exciting.
2. It was our 6 year wedding anniversary so we went out for a fancy dinner to celebrate Smile.

Hope you're all well!

What An Intense Week Last Week Was

October 18th, 2016 at 10:34 am

It's been an intense week. I had a massive assignment due on Sunday so spent pretty much every ounce of my spare time working on it from Tuesday to Sunday - about 12 hours. I find it interesting but felt bad about not really being present around DH. Was nice to spend this evening just relaxing and spending quality time with him.

I wish my work were open to me working 4 days a week so I could spend one full day studying instead of trying to cram it into every spare second of my free time but alas they have made it clear that they are not. Oh well, we can't have everything.

Anyway, after spending so much time studying I couldn't look at it yesterday, instead caught up on home duties after work that were much needed. Walked the dog, hung out the washing, caught up on dishes, cleaned the ensuite (really needed it), folded the washing, I think that's enough until next weekend. Need to go to the gym because I haven't been there in a while and then need to catch up on week 7 of study (last week, not heaps to do) and work on week 8.

*****

B has been sick on and off with the flu, went to the doctor for a flu shot and found out he has a combination of hay fever and asthma???? Not in his family history, we never expected this. They say it's only mild so we'll see how he goes with the puffer. He also has had a shoulder problem so has been given steroids for a few days and a referral if it doesn't get better. Doctors will be about $30-$40 after government co-pay and medicines were around $50. Let's hope he picks up soon!

*****

My spending yesterday was $4.12 for some watermelon for me, tomato soup for B and some chocolate for me, and $20 for fuel for my car - today was a NSD.

Another spending item yesterday (although not a cash outlay) was a $3.99 iTunes subscription for one month to Money magazine (it's Australian) because although I love flicking through the various areas of SA (articles, blogs, forums) it's important to occasionally spend some time reading Australian financial items.

Well that's all for now, speak to you guys in a few days!

Snowflakes 07/10/16; Life

October 7th, 2016 at 11:09 am

Challenge starting balance: $7,581.56
Plus:
- weekly EF savings x 2 $71.38
- Safeway rewards $10.00
- digital change $22.14
- QBE dividend $63.00
Challenge closing balance: $7,748.09

It's been a while between entries, have been super busy with this studying and trying to keep all the other areas of my life afloat too. I have to do 10 hours per week study, and last week as it was a public holiday we went away and therefore I only managed 6 hours.

This weekend is a very quiet weekend so will most definitely be catching up. I have made up last week's 4 hours, so tomorrow and Sunday I need to do 5 hours each day. I would have done more during the week but catching up on home duties after work took up some time. I'm looking forward to spending some blocks of time to increase my understanding of the material; have been so busy I feel like I'm doing the work but not really retaining anything or understanding much.

***

Because I didn't write an entry last week I didn't note down the EF savings, so this entry I have put two weeks in.

The supermarket chain I have rewards with, Safeway, have reintroduced their old rewards program again, so after spending the required amount (I think it was $100), I got $10 off the shopping, which I sent to Christmas savings. They have introduced their biggest rewards deal ever since I have been doing it - spend $90 per shop there for four weeks in a row to get 8000 points ($80.00 off the next shop). We've spent $37.76 there so far this week, have $52.24 to go, which can be done on the grocery shop for the week.

Trying To Get Ahead with all of her change jars prompted me to do an experiment for the month of September and I have been doing it still. What if every transaction from our checking account we round up to the next dollar and deposit it into our savings account? I know somebody wrote that there is an app for that, but I didn't find it in Australia so have just been doing it manually. So far we have saved $22.14.

We also received a dividend of $63.00 for our QBE shares. They are currently way down in value so I am considering buying another 100 but that would bring our cash down a bit so am sitting on the fence. Our averaged out purchase price is $10.70 per share and they dropped down to $9.33 which is a year low. (It was also a big loss so I was a bit worried) Now they are currently just under $10, so still lower than normal but at least we have not lost as much now. Will see what happens over the next month before deciding. Was actually going to buy in about January, give the EF a chance to build up a bit.

I also added $8.00 to the holiday fund, so the balance there is $-90.00 now.

***

This month we are on a five week month so funds are a little bit short. Our usual spending money is $580 ($500 into our checking and $80 onto B's card to cover his work expenses and takeaway) so have decreased it this month to $430 per week into checking and $65 onto his card; so usual monthly spending money was $2320, with these adjustments and an extra week included it only increases to $2475, which is not too painful.

We did work out his tax though which will be $2780 due in March, so have to save $463 per month. Ouch. Oh well, it must be done.

And also need to start saving $250 per month towards Thailand. And hopefully we can still afford $300 for my new car fund but we'll see. We need to start saving for Christmas so may need to shift some money out of certain categories to make it happen.

According to my Christmas saving challenge we need to save $330 this month, and so far have $32 saved however it is only the first week of October however I may even re-examine Christmas spending money and cut it down slightly.