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Credit Card & Bill Management; Another Snowflake

April 19th, 2017 at 05:25 am

I am conscious that certain things have been let slide for a little while so I am trying to make amends before it is too painful.

Today and tomorrow my main priority is to get the credit cards to their correct balances. I have just fixed up B's credit card so that tomorrow when the automatic weekly transfer of $75 to that card hits, the balance will be $2,470.

We put $75 there per week to cover the compulsory car wash he must do for the company car each week plus his various coffees, lunches and miscellaneous expenses (eg going to the barber).

Unfortunately the card was sitting at $2,990... ! This was due to our easter trip, where he put fuel, alcohol and the new LED lighting kit we bought for the camper trailer on it amongst other small things. (We had to buy the kit while we were away because the batteries went flat on our main light source, luckily it was 25% off - the new lights make such a difference).

Anyway, I digress. I just transferred from our bank account $445.23, being $348.23 to cover the outstanding balance plus this month's payment of $97 against the mountain bike purchased. Ouch. These things add up - imagine if I had left this another two weeks?

So his card is now sorted. Tomorrow I will be paying down my Virgin credit card back to $0. I'm guessing that about $345 will need to be paid. (These charges consist of among other things: train ticket $137, balance of textbooks $55, balance of fuel $15, groceries $45, caravan park accommodation $90). My Virgin credit card hasn't been down to $0 since February, so it is pretty important to get that in order. (Around February I put school textbooks plus a new suit on it so have been paying these items down). All in all, I'm not terribly fussed about transferring over the money for either cards because all expenses have been entered into my spending app so there is nothing that is a nasty surprise.

In regards to bill management, I was so frantically busy last week that I simply paid the home phone and B's mobile bill and neglected to pay the animal's registration fees, must do that tomorrow night.

I received another $10 from Safeway Rewards so have transferred that to the Christmas Savings challenge. $56 towards this month is now sitting there so will only have to put in $44 at the end of the month. Must also update the snowflakes spreadsheet to include the dividends received the other but will get to that. Slowly getting everything back in order!

March Spending Will Be Closed Off Soon

March 31st, 2017 at 10:30 pm

As I mentioned a few days ago, for the first time in a long time our spending app and bank balance were both pretty close to each other.

We ended up finishing March with $399 left over. The only thing is because a lot of our transactions are credit card / EFTPOS transactions they don't show up immediately, especially over the weekend. I find that it takes about 3 days to see the transactions.

So I'm thinking of definitely closing off March by Tuesday the 4th.

There are a couple of things I want to do with the left over money once I know what it actually is. Firstly, put $59 towards month 3 of the $1000 Christmas savings challenge in order to complete it.

The balance will go to savings. It is the lowest it has been since tracking our joint since when B started his job in March last year, at 2.5% of our income. With about $340 (if that is what it ends up being) it would be around 5%-6% which is a bit better. Will post actual balances in a few days.

On another note, I have now updated the sidebar to reflect that we have completed another one of our goals, to pay off B's tax. (Ok it was more of a necessary goal than something we wanted to do, but still it felt good to complete something)

I then checked our balances in savings and shares; we are now standing at $10,366.25 in total!!! Part of it is due to the market being on a high (the shares have gone up by $842 which is a pretty substantial increase) so am not really sure if the balance will stay that way but it is nice at the moment.

The EF is actually part savings, part mortgage repayment as it is all sitting in the mortgage offset. In the end though if the money is needed then it is needed and will get used. I am just very strict about the actual definition of what constitutes an emergency so hopefully it won't get used.

Yay For Snowflakes

March 19th, 2017 at 04:08 am

I can probably think of things to write about but all I feel like writing about really is that we got an unexpected snowflake in our bank account Smile. Late last year B went to the doctors three times within two months and used to receive the Medicare rebate refund by cheque however they advised that it is only done electronically now.

We filled out the form and sent it off before Christmas but never received anything back. We repaid the doctors visits on B's credit card except for the $90 we estimated we would receive. I checked the bank account and found three separate deposits of $37.05, so $111.15 in total.

I transferred $90 to B's card and counted the other $21.15 as a snowflake. I updated the snowflakes spreadsheet and so far for March we have $27.94 in snowflakes. According to the Christmas savings challenge we are required to save $95 this month so need about $67 so should be able to make up the balance at the end of the month.

Done; Done; And Fixed

March 16th, 2017 at 03:49 am

Well I have just now paid B's tax bill of $2780.95. That is DONE. It took 6 months for us to save up the money and I am so glad to not have that expense anymore. It is money we owed because it is a portion of his earnings from the business but it certainly was not fun saving up to pay a big bill. Oh well.


After the tax was paid, I swept the first two months of the Christmas savings challenge into the tax account because it turns out it pays slightly higher interest.

I then sorted out which bank accounts the car insurances will be getting deducted out of; turned out his car is still getting debited out of the business account. So $2090.56 car insurance sorted out now. DONE. It is due to be withdrawn somewhere between the 19th and the 21st. Part of me thinks the bank account for his should be changed but part of me thinks that we may be looking for another car insurance provider next year anyway as it went up $149.16 this year, I imagine it will go up again. My car is amazing because it is 14 years old yet is nearly $1000 a year to insure. Part of me wonders if it is even worth having comprehensive these days with a 14yo car because the market value if stolen or written off is only $3000-$5000. What a crock it all is. Anyway that task can also be ticked off the list. DONE.

Then we received the dishwasher seal on Tuesday night. We managed to get ourselves into a dishes routine so as to not be too bothered by not having a dishwasher and B spent some quality time giving the dishwasher a deep clean while we waited for the seal. Then it arrived and after a couple of nights and a bit of water all over the floor, my handyman husband fixed it so now we don't have to call out a repairman or (worst case scenario) buy a new dishwasher. I am so blessed to have a husband who is so handy with repairing things and tinkering with engines. So we can cross that off the list too! FIXED.

That's about all I have at the moment in the way of news. The $5000 outflow from our bank accounts is enough financial news! Thankfully the dishwasher is fixed so no outflow there thank goodness.

Withdrawal From The Holiday Fund

March 14th, 2017 at 04:26 am

Yesterday we made a small withdrawal from the holiday fund of $189.25. This was for an esky (large drinks cooler for camping) as our other one has been broken for a while. The holiday fund was $485 and is now down to $295.75. I like keeping a bit of money there just in case, and the football season is due to start next week so I will do the points challenge (whenever my football team wins I will put $1 per point to the holiday fund; it's a fun way to build some holiday cash when you don't actually have a holiday plan so that if some sort of holiday plan or idea happens there is a little bit set aside for it). Imasaver actually gave me that idea; wherever you are Imasaver I hope you're ok.

Other financial news is we received the gas bill ($131, up from last year) and the electricity bill ($491, down from last year); net difference for both was $3.63 saved compared to last year. More importantly as this big bills month closes over it looks like we could possibly have only $211 left over at the end of the month so any extra expenses will need to be funded from savings if they are over that amount.

By Thursday I will pay the $2780 for B's tax and make sure that the $2100 (roughly) is there for the insurance to debit from the account.

Ps I can see many of you have wild, crazy weather - please stay safe and best wishes for no damage or long outages!

Kind Of Lazy Sunday

March 11th, 2017 at 08:56 pm

Two entries in two days doesn't happen to me very often but I am feeling like I have lots of time available so can spare a bit.

We're currently in the middle of a long weekend, tomorrow is a public holiday (Labour Day) so I don't have quite as much of the Sunday rush as I usually do. For me Sunday is generally a rest day - where I do the rest of the things I didn't get done during the week! So suffice to say I am usually rather busy.

We went away camping three weeks ago and will be going away next month at Easter so didn't want to have to put the cat in a boarding kennel again, and decided to stay home.

On Thursday my friend had a major meltdown and went missing. She is a single mother of 3 kids and her ex does not have the kids for very long and she is generally left with the bulk of parenting. The two sons play cricket and football so the ex is at every game and has the kids sometimes but it is generally a 2-3 hour period and doesn't generally have the daughter as she is 5 and he feels she is a bit hard to look after. Nobody knew she was this stressed. She put something up on FB on Wednesday night that she is so sick of her oldest kid who is constantly making life difficult and all she felt like doing was packing up and leaving. I did see the post and said "wow, she's never ever written that, he must have done something bad".

The next day her dad came over to mind the kids while she did a short work shift in the daytime (she works about 4hours and it is close to home), however she never came home. My other friend called me up about 8 to tell me she had run off and to see if I knew where she would be. The missing friend then accessed FB and told everybody not to worry, she is fine just very stressed out but not to try and find her as she doesn't want to talk to anyone. Her boyfriend didn't know where she was. Nobody did. The next few hours were spent speaking to various people to find out who knew anything. Just before bed I was speaking to one of our other friends who lives 2 states away (but we all speak regularly) and she said she was talking to missing friend's brother who said he thought she may have gone to the beach, which to me was a real worry in her state of mind.

The next morning I was speaking to my interstate friend and decided to contact missing friend's boyfriend for an update. He said that she came to his house very late at night and they talked for a while and in the morning talked some more but when he went to the toilet she left again. He said she wasn't acting right, she was very out of it and couldn't understand much of what he was saying. He wasn't as concerned as we were though which was so weird. He said she's done it before and will be ok. As he doesn't work and I was at work I asked him to go for a drive to the beach and see if she was there again. Sure enough she was. I then contacted interstate friend who contacted missing friend's family who were worried sick and her mother went down there and had a long chat with her.

I have never used my phone so much at work as I did on Friday! When I got home it was down to 4%. My friend is now staying with her boyfriend and her parents are minding the children while she gets some much-needed rest. I am still so worried about her though. We have looked up resources that she can use to help cope with parenting, eg psychiatrists and community services. To me it is such a massive thing to leave your children and basically spend hours sitting in your car - I didn't know if she was suicidal and that was my biggest fear. Please pray for my friend that she will get the help she needs and her children will be relatively unscathed from all of this. (We can only suggest services to her and cannot force her to use what is available)

Yesterday, after all of what happened on Thursday and Friday I really felt like I needed downtime to recharge. B went to the motorbike club he is a member of and helped them out today. I did some study and relaxed and then rented out a movie last night which I fell asleep to unfortunately.

Today I went for a swim in the morning at my gym, then bought some lasagna for dinner and bacon, mushrooms, tomatoes and orange juice for a bacon and egg breakfast tomorrow (because this is not normally something we can do on a Monday morning!). $24.71 was spent.

Then I bought some wine ($15.94 was spent)

Then I bought an iTunes card. This is a $30 card and there was 15% off, so amount payable was $25.50. All items today were put on my credit card, food and wine have been repaid already. When I repay the iTunes card I am going to also transfer the saved amount of $4.50 to the Christmas savings challenge because I am counting it as a snowflake.

Speaking of snowflakes, I spent 7hrs and 57minutes studying for my biggest snowflake (a subject in a degree which will be completed eventually and which would result in a significant payrise).

I now am going to sweep and mop the kitchen floor, fold some laundry and then B and I are planning on using the hot tub, which will be the perfect end to a lazy sunday Smile.

11 Things For 11 Days

March 10th, 2017 at 10:10 pm

It's been a little while since I've posted so rather than write about whatever the latest thing is, I'm going to write about 11 things (hopefully mostly financial) that have been going on in the last 11 days:

1. On Tuesday our dishwasher seal broke Frown. Luckily I was standing near it and it had only run for 3 minutes so there was no water damage. B had a look at it and found the manufacturers website so we bought a double pack of seals (just in case the other seal goes, so that we don't have to re-order) for $52.73 which they say will be delivered to us next Wednesday. We are both so sick of washing dishes by hand but thankfully have got ourselves into a more regular routine so it's a bit less painful.

2. I finally got around to checking my superannuation account (retirement account) and the balance is $92,008. Going by ceejay's years x income, by the time I turn 40 next year I need to have 2 x times my income so $108,000. I realized that combined with the taxable investments I hold outside of superannuation and earnings that hopefully the account will receive it should be a possibility. The earnings last year were a paltry 2.44% however over 5 years in total they were 38.75% which equates to 7.75% per year which beats the standard 5%. I am happy with 7.75%.

3. B got a letter from a superannuation account which was an employer one from a job he had 9-10 years ago stating that if he didn't give his instructions on what to do with the account they would be turning it over to the Australian Taxation Office so they could hold it in the unclaimed moneys department. We had a financial planner roll all of our employer superannuation accounts into one years ago however he missed this one, the current account balance is $4,187.50. The letter was dated 1st February and gave us until 22nd February however I don't think they sent it for a while because we saw the letter on the 28th so the money has now gone to the Tax Office. There will now be a lengthy process to get it and roll it over as B will need to apply in writing and we will need to wait a while most likely to receive it. How annoying.

4. We have decided not to go on the Phuket holiday. This is due to our friends not being interested in going anymore and also B not really being interested. I wouldn't mind going but I'm not too bothered that we aren't doing it anymore as I had a big trip overseas last year and generally like to go overseas every 2-3 years, otherwise it can be a bit expensive going on annual overseas trips. We are now looking at doing a camping holiday in the next state at a beachy sort of area instead, which I am looking forward to. I'm not sure of when we will go though, it would be sometime between July and September and would be dependent on B's work (my work is a bit more flexible at that time of year).

5. This month we pay B's tax of $2,780. All funds have now been saved and the money will be transferred over soon.

6. Our car insurances also get debited out of our account around the 19th of March; mine is $969.40 for a 14 year old car; B's is $1,121.16 for a 6 year old car. We have enough money in the account and because I averaged out the bills amount back in October we did not have to pay for any of it out of pocket which is great! Last year we had to find $461.40 to cover the remaining portion. All I need to do is work out which bank account B's car insurance comes out of, don't remember.

7. We made month number 2 of the Christmas savings challenge, so we now have $135 saved up. This month we are supposed to save up $95. We currently have $2 saved up so need to start working towards it.

8. I bought a replacement suit for work a couple of weeks ago for $132, which was an $87 reduction in price. This suit should last a long time so was happy to pay it.

9. B is on a health kick and has rejoined boxing classes. He went regularly just before we got married but then it died off after the wedding so it's been a few years since he's been. To test the waters instead of signing up for a membership we bought a 10 class pack for $130. So far he has done 2 classes this week and has lost 2 kilos so is pretty happy. If he decides after using up the class pack that he wants to rejoin, it is $19.95 per week (same as my membership).

10. Last week we had my family over for lunch and it was a warm day so we cooked up chicken with roast potatoes and salad, then my sister and I both did a dessert each. It was a lovely meal and for 7 people we spent a whole $37.86 Smile. You could spend that on 2 people going out for lunch so I was pretty happy.

11. It is week 2 of my study unit and I am coping ok with the workload. They say you need to allocate 10hours per week however this subject's tutor has said we should allocate 15(!?!) which I really hope is not the truth because I don't know how on earth I would fit that amount of time in. I really want to be diligent with doing 10hours from the very start to avoid having to do 20hours around exam and assignment time, but this week I am finding that I have put in 7.5hours and don't really have 2.5 more hours of work to do.... I will probably finish the online quiz I have to do and do some revision.

I struggled to think of the 11th thing but I'm glad to have jotted down some bits and pieces. Off to check the blogs!

Quick Hello

February 15th, 2017 at 03:17 am

Hi everybody, just wanting to say a super quick hello. Here's some financial goings-on in the last couple of days:

- yesterday we took our 15yo cat to the vet to get an old-cat profile done. This is various blood tests to see if she can tolerate a stronger dose of pain meds and a check on her organs. The check on her organs found that she has very early stage kidney disease so now the stronger dose has been ruled out. Hopefully with some dietary changes she will have an improved quality and length of life. $652 all up, so we have spent $712 on her this month. I am glad we got the medical done but really am now hoping to rein the spending in.

- on Monday I had to buy a birthday present for SIL so decided to get a gift card. Turns out the supermarket was having a $10 reward if you bought gift cards for certain shops. As this is a good shop, I bought the gift card for there, and received the $10 off a purchase tonight; have now added this to my snowflakes tally (SIL was happy too!)

- tonight I did my fourth weekly shop in a row and completed the required spending - now have $60 rewards waiting to be deducted off our next shop! This will mean that we will easily make month 2 of the Christmas savings challenge Smile.

I now have to go to bed but just thought I would check in and jot a few things down.

2016 Savings Balances / 2017 Plans

December 28th, 2016 at 12:05 pm

I don't know what I will be doing over the New Year, it is all changing but generally around this time I find it hard to blog and update so I've had a look at the savings account and the final balances are as follows:

Cash (Mini EF): $2,233.21
Study unit (from Xmas bonus): $500.00
Holiday fund: $485.00
Shares (Maxi EF): $5,586.00

Total: $8,804.21

Yesterday I bought another 100 QBE shares for $12.48 per share. These shares are doing really well at the moment. Therefore the mini EF is slightly smaller than usual.

I've decided that I'm going to do a savings challenge on a smaller scale this year and simply budget our savings.

The challenge I am planning on doing is a 12 month Christmas savings challenge. SA had a 12-week $1000 challenge, so I have used the same amounts but modified it into a monthly plan. The January deposit required of $60 already has around $18.50 in the account, which is great.

In 2017 we are going to be doing a few much-needed things to our house as well as taking a holiday, so there will be less going to savings than in previous years. I feel like we have had two good years to repay debt and build up savings so this is kind of a year off from that.

I have cancelled the weekly EF savings debit and have created a yearly planner showing which month each goal will be accomplished, savings will be transferred accordingly.

Our plan for 2017 savings is:

- B's tax $1390 (due March)
- B's credit card repayment $2160
- Phuket balance of deposit $815 (due around April)
- Phuket spending money $2000
- New security doors for house $1000
- Garden updates to front and back $1500 (due by September, our spring time)
- New tyres for my car $600 (due asap - could be up to $1000, we will save the balance)
- Savings - shares $1265
- Savings - cash $1270

Based on these items, the percentages for the categories is as follows:
- Tax/debt repayment 30%
- Travel 23%
- House spending 21%
- Car spending 5%
- Savings 21%

B's credit card won't be repaid by the end of the year, but the balance will be much lower. With regards to travel, it is probably going to be our last overseas holiday for a couple of years (unless we do something for my 40th). I had a category for a new car fund but have been finding it too hard to do this as well as repay debt so may simply when B's loan is paid off in 1.5 years use the amount we were paying for that loan to save for a new car.

If I don't get around to checking in, hope you all have a wonderful new year!

Final Snowflakes for 2016 Plus Final 2016 Challenge Tally

December 15th, 2016 at 11:22 am

Challenge starting balance: $9,880.47
Plus:
- weekly EF savings x 5 $178.45
- Safeway everyday rewards $10.00
- digital change $11.52
- B's credit card repayment $180.00
- B's tax savings $463.33
Challenge closing balance: $10,723.77

Around this time last year, I tallied up the annual challenge, and have decided that this will be all the snowflakes and savings for December month, and to finish up this year's challenge.

Last year we saved $10,014; this year we saved $10,724 so we had a slight increase Smile.

I have already updated the sidebar to show what was saved for various categories but here it is also:
- Mortgage repayments $1729.46
- EF savings $3000.04
- New car fund $150.00
- Holiday fund $485.00
- Debt repayment $3,747.40
- B's tax savings $1,329.99

Of the savings for this year, savings that went directly to us were mortgage repayments, EF savings, new car fund and holiday fund totaling $5,364.50. (If I was to include the amount saved for the UK holiday of $4500 then this total would be higher but did not include it in the challenge. It is important to note though that while around half of our savings for the challenge did not go directly to us, I was able to take an expensive holiday also so it is not all bad)

Savings that went to other people were the debt repayment and B's tax savings totaling $5,077.39.

There is also within the challenge $281 unaccounted for, however I think a big part of this could have been savings for Christmas.

The only debt we have left other than the mortgage is B's credit card debt of around $2700 and we will be carrying some credit card debt (of around $500 I imagine) on my card coming into the new year for Christmas presents. So we're not doing too badly there compared to last year.

Financially I think my new car savings were replaced by B's tax savings as this has a due date and because it is so large has become more important.

My new year's goals of 1 bottle of wine per week plus keeping the kitchen bench clear every night didn't happen. Oh well. I'm ok with this.

Moving into 2017, I will work out the savings allocation soon but my goals will be:
- have $1000 saved up for Christmas by December by adding digital change and snowflakes to a certain bank account
- move the cash portion of the EF into a high interest bank account and restructure our bank accounts
- create a separate spreadsheet for snowflakes and do one savings & snowflakes blog entry each month

Looking at what we will be able to save directly to us compared to going to other people, we will have debt repayments of $2160 to B's card as planned, and $1390 tax repayments, so that will be $3,545 going to other people. This will mean that if the challenge is roughly the same that the amount we will receive directly to us will increase to $6,455, which is an improvement.

2016 has been great, looking forward to 2017! I will most likely post a bit more before end of year though.

Snowflakes & Savings 30-11-16

November 30th, 2016 at 02:21 am

Challenge starting balance: $8,898.75
Plus:
- weekly EF savings x 2 $71.38
- digital change $7.01
- Safeway everyday rewards $10.00
- B's credit card repayment $180.00
- B's tax savings $463.33
- Phuket holiday savings $250.00
Challenge closing balance: $9,880.47

What a month! Thank you for your well wishes for my exam everyone. Last week I was lost in a cocoon of economics related subjects but all in all I think I did ok on the exam. I did some revision, did a practice exam, found out where I was deficient and studied on that. When I was doing the exam paper, while I don't think I'll pass with flying colours I felt like I had enough of an idea to pass in any case; nothing was foreign to me.

Economics was actually an interesting subject; I learned all about productivity (there is no such thing as a free lunch), market equilibrium (balance - one of my favourite subjects) and many other business things. I did feel guilty about how much time I was spending away from B though. Even with the best time management, it's still hard to avoid having to shut yourself away for 5-10 hours per week (or 15 like last week). Anyway now it's time to focus on other areas of my life, like Christmas - I've spent a couple of days getting things back into order ie washing, tidying up.

***

The challenge keeps on clicking along! I do believe that we will comfortably save over $10k. If the only thing we do is save the weekly EF savings and the monthly holiday savings, make the $180 payment on B's card and save the $463.33 for his tax the closing result will be $10,925.

In reflection, I'm happy with the EF savings and the debt repayment (ok really happy with the debt repayment! SO happy!), but the mortgage repayments and the new car fund have taken hits thanks to having to save $463.33 per month towards B's tax which is due to be paid in March next year.

The other thing stopping me from saving more is that we have a big insurance payment due in March also, which is around $2000 (this is for both cars) and while we have been saving an averaged amount of $4041 to cover all bills and loans, for the last few months all bills and loans have roughly been this amount. I just checked what is left over in the bills account towards future bill savings and it is $283. Not wonderful.

I've been spending a little bit of time doing some cash flow forecasting for the next few months and there are a couple of low bill months ahead. I think if bills are roughly the same by the time it hits March we will have $1690 leaving around $400-$500 to be paid out of pocket. I just have to remember to be mindful of the insurance savings and what the monthly bills are in case we need to save a bit extra.

The final $124 in the study unit has been repaid and we added $250 to the holiday fund. My coworker went on a trip to Thailand just last week with her new partner and loved it so that was good to hear great reviews about the place we are planning on going to.

The EF has been looking much healthier lately, thanks to the market going up. For so long it has kind of been stuck at around $6500, now it is around $7900 since the shares value has now risen plus the final part of the study unit got repaid and we've added more to holiday savings.

The Mini EF is $3,923.16 (I still need to repay that $80 from the UK!!! I might actually upload some pictures to here when I do it) and the Maxi EF is $3,970.50.

One of my goals next year will be to sort out our bank accounts. The Mini EF is sitting in an account which earns next to no interest, so I will be on the lookout for a high interest account. We have a bunch of bank accounts which we pay a package fee per month of $15 for (four bank accounts) plus we have a bank account for B's now closed down business which we pay $10 per month for. After his tax is paid we will close down the business account and look at restructuring the accounts and try to avoid paying fees.

Must try and wind down a bit before bed after this long entry! (Has been great to jot everything down though and touch base with you guys)

Snowflakes 14-11-16; NSD #4

November 14th, 2016 at 02:16 am

Challenge starting balance: $8,840.21
Plus:
- weekly EF savings $35.69
- digital change $2.85
- Safeway everyday rewards $20.00
Challenge closing balance: $8,898.75

The weekly EF savings got withdrawn, some more digital change got transferred to the Christmas savings account and then I redeemed $20.00 in Safeway everyday rewards tonight while getting some groceries - we only have $10.00 left there now.

The Christmas savings bank account is currently at $96.98, will be over $100 very soon. It may not pay for all of our presents but every bit counts. For example my main Christmas present that I would like is a gold bracelet to replace my fake gold bracelet, the cost of it marked down is $149 - I tried it on today and it looks nice. These savings could very well pay for that.

Speaking of Christmas presents, B wants to get a sticker kit for his motorbike at $300 (I'm told they will last a very long time though!). I told him he can order it, he is really very good with not wanting too much I don't mind a splurge now and again.

Just think, if I did this next year from January we could possibly effortlessly pay for Christmas...

On Thursday I had a NSD, then yesterday I was feeling pretty tired from having my friends over on Saturday night so decided not to do any grocery shopping and just use up what we had, and we had plenty of leftovers so it was fine, so then was able to add another NSD to the challenge! I could possibly make Wednesday and Thursday NSDs also - need to get petrol and the balance of the groceries tomorrow, so if I plan well enough that could be it until Friday.

I really need to do some more savings transfers soon and credit card repayment etc so you will see another entry soon.

Snowflakes & Savings 07-11-16

November 7th, 2016 at 02:27 am

Challenge starting balance: $8,779.91
Plus:
- weekly EF savings $35.69
- digital change $3.61
- Safeway everyday rewards $10.00
- Melbourne cup winnings $11.00
Challenge closing balance: $8,840.21

I've been pretty busy lately so I think my goal at the moment is to just write a little bit about whatever happens each day.

The Safeway four week shopping challenge (where I had to spend $90 per week at Safeway for four weeks in a row to receive $40) has ended so there was $40.00 sitting there to be deducted off my shopping bill. Today I bought some groceries worth $13.80 so $10.00 was automatically deducted - I have then sent it off to the Christmas savings, along with digital change for the weekend plus some winnings for the Melbourne Cup.

The Melbourne Cup is a horse race and a big event in Victoria and we get a public holiday from it. Just for fun I chose some horses and while I didn't actually place a bet, I allocated the winnings to savings. Christmas savings are now $74.13, looking forward to reaching $100 on the weekend.

On the weekend I also sent $10.00 to the UK owing amount, it is down to -$80.00.

That's all, hope to talk soon tomorrow!

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

October 30th, 2016 at 03:20 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 02:44 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!

Snowflakes 07/10/16; Life

October 7th, 2016 at 04:09 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.

Balance Transfer Card Repaid!; Broken Door Lock

September 19th, 2016 at 04:40 am

Challenge starting balance: $7,353.93
Plus:
- weekly EF savings $35.69
- football winnings $46.00
- my FINAL credit card repayment to balance transfer card $110.25
Challenge closing balance: $7,545.87

That day finally came where my final payment to the balance transfer left the bank account! I imagine I will see a zero balance on that card either tomorrow or the day after.

Only $54 left on my normal transactional card to pay by the end of the month, will do this easily. (In a week or so, must get used to using the balance transfer card as a transactional card to accumulate points.)

I'm so glad to be off of that debt cycle where I was getting charged around $58-$62 in interest on a debt I couldn't afford to pay. I'm so glad I just had this moment where I had had enough and wanted things changed asap, and got the balance transfer card and got off the cycle of simply paying interest on things which had long been used up. I appreciate credit cards now because you can have funds available at your disposal no questions asked, but do not ever want to get complacent with paying interest again. I want to be much more careful with it now.

Feeling like I'm in a better place than a year ago, that's for sure. Next month onto saving for a new car! (that I hope to not have to buy for a long time!)

***

I paid the third round of my football wins over to the holiday fund; now owing only $98. Also paid back $124 against the study unit. Study is going well but I'm finding myself a bit time poor and when I get tired, I'm worn out. Luckily this only happens every few days. I'm into week 4 and not doing too badly.

***

On Saturday my car door broke, this time my driver door. This is an ongoing problem; has happened between 5-10 times in the time of car ownership and each time it happens I cannot lock the car until it's fixed. The last time it happened was April last year.

The cost of a new lock was $200 plus some beer as a thank you gift to my father-in-law for fixing it $31. Better than $400 at the mechanic which is the going rate. This is the last time my father-in-law will do it though, as he is getting too old. Next time it will be either B or the mechanic.

Because funds are a little tight I used the additional money I was going to repay on the mortgage to pay for the door lock. Didn't want to draw out from the EF again, once this month was enough ($160 for the sewer blockage).

I really want to get the mortgage down to $115,000 by the end of the year and it looks like all other things going ok, we should be able to.

Snowflakes 11/09/16; Credit Card Musings

September 10th, 2016 at 05:28 pm

Challenge starting balance: $6,835.74
Plus:
- weekly EF savings $35.69
- football winnings $48.00
- my credit card repayment to balance transfer card $151.50
- B's credit card repayment to his card $180.00
- extra credit card repayment to his card $103.00
Challenge closing balance: $7,353.93

This week's additions to the challenge are the usual EF savings, plus football winnings for games 4-6 from my team (these were all fairly low wins so could add them all together), plus repayments to both my and B's credit cards.

With my credit cards, I am all set to be officially retired from credit card debt by 30th September. That has a nice ring to it, I must admit!

There are some small transactions on my credit card I use amounting to around $77 for 3/4 of a tank of fuel (which I pay back at $20 per week) plus some cosmetics I needed to buy.

There is the anticipated $110 remaining on my balance transfer card plus I have been charged a $129 annual fee for this card.

Which brings me to reassessing what I want to do with this card after it is paid off at the end of the month.

I had the idea of either earning cashback rewards on various cards after the cards were paid off to actually bring some income in after paying credit card companies interest and whatever charges for so many years; or getting a points card and using it to earn rewards.

Now that I have to pay this $129 I'm thinking I may as well keep this card open for a while to utilise the annual fee paid. I've kind of had a shift in thinking of my thoughts about credit card debt too, so I have to consider that.

The thing is our EF is generally at the moment around $7000 give or take a few thousand. So really the credit cards when they are paid off are technically an asset because they are credit available to be used at any point in time if needed, no questions asked.

So if there was a major emergency ie I suddenly lost my job we would be able to use the cash saved in the EF possibly to pay mortgage and bills and use the credit cards to pay for food and other necessities; and we would most likely have six to nine months emergency money available as opposed to two to three months with the cash only.

Perhaps I might revisit the points/cashback ideas in six months or so. Would need to change at least one credit card in any case. My everyday credit card I use has a 14% interest rate (best rate possible for the big 4 Australian banks) while the balance transfer card has a 21% interest rate - so will need another card to replace that with a much lower rate in the next few months. I could increase the credit available on the 14% card, but really I would rather get a lower rate card from a smaller institution - you can get around 8% cards.

Sorry for the super long post guys, I'm just trying to formulate ideas and plans and put them in writing to refer back to later! Feel free to add any thoughts or suggestions.

With B's card I paid the monthly $180 and then referred the balance against what I had in our debt paydown spreadsheet. According to the spreadsheet his card should be at $3192 - it needed an extra $103 repaid to reach this amount. Next month he will be owing just over $3000.

Snowflakes 01/09/16; End of August

September 1st, 2016 at 01:26 pm

Challenge starting balance: $6,642.80
Plus:
- weekly EF savings $35.69
- football winnings $58.00
- plumber visit -$160.00
- addition to mortgage principal $259.25
Challenge closing balance: $6,835.74

The above transactions took place; weekly EF savings got deposited, I transferred over my team's big win (yay!), withdrew money for the plumber visit and added $259.25 to the mortgage being for June interest $559.25 less $300.

My team is now out of the finals so September is purely making up for the first six wins (if possible).

I also checked the EF balance on the 1st and have updated the sidebar. The mini EF is looking a little small because it is $2771.16 less $1445.94, less $192.00 (however on the upside thanks to the big win we are now below owing $200). Must get the tax return lodged and the $1073 back!

The maxi EF (the shares) dropped about $100. The MXI shares which I bought at $0.585 spent a couple of months well below what I bought them for- around $0.45, which I was not thrilled about. On 31st August though they raised up to $0.61 which is a bit of a relief.

The QBE shares which are the bigger portion (think $3200 compared to MXI $600) instead have dropped down! They are currently around $9.97- the average price I have bought them for is $10.70.

The main thing is, even if there is not a profit at the moment, there is no big loss.

***

September is a huge bills month - we are looking at around $1500 in bills which will stretch us. We could pay them but cannot also save our usual 10%, which doesn't thrill me.

I'm thinking I'd rather we pay half this month, half next month as we have no bills really in October. Then in November we start paying the monthly averaged amount of $4011. Much less stressful that way.

Into The 118's!!

August 30th, 2016 at 03:39 am

The mortgage got paid yesterday and interest of $548 got charged, bringing the new balance to $118,915 - we've moved on from the 119's and we're now in the $118's!!!!

I was really hoping we could hit $115k by the end of the year and it's looking like if we can put $500 extra in for October, November and December we could close the year at $115,571. (The $500 extra per month is as per the mortgage challenge on the sidebar).

Would be really awesome if we could close the year out in the $115's!!!!

Emergency Plumber = EF Withdrawal

August 29th, 2016 at 03:14 am

Our weekend was mostly pleasant with the exception of having a sewer blockage!

B noticed on Saturday that the kitchen sink wasn't draining so had a look at it but couldn't fix it. On Sunday I was doing the morning dishes and it just wouldn't drain at all. B had a play around with it and first outside flooded and then inside flooded! We cleaned it all up but then B realised he couldn't fix it so we got his uncle to come today to have a look.

It turns out we have two sewers- one for the kitchen and because our house is long the other is for the bathrooms, toilets and laundry. So thankful it was only the kitchen that went!

His uncle came and then someone else had to come out to finish the work- total cost $160.

As September is a hugely expensive month this is going to be purely a withdrawal from the EF. To me an EF covers emergency needs (house, car, health) and unemployment assistance. Therefore this event falls under that umbrella. I will also reduce my challenge by that amount accordingly as this has been a reduction in savings.

Snowflakes 26/8/16

August 26th, 2016 at 12:51 am

Challenge starting balance: $6,598.11
Plus:
- weekly EF savings $35.69
- football winnings $9.00
Challenge closing balance: $6,642.80

Our weekly EF savings got transferred over and I transferred $9.00 from my teams last football win over to the EF.

I still owe the first six games from when I was saving for the trip so if I can I will add them to the challenge in September.

I've decided that starting from the first week of October I'm going to do the 12 week $1000 challenge for our Christmas money, so I am stopping the football challenge at the end of September.

Sure I could just save the money but this is more fun!

Snowflakes 18/8/16

August 18th, 2016 at 04:15 am

Challenge starting balance: $6,436.17
Plus:
- weekly EF savings $35.69
- balance transfer CC payment $110.25
- mortgage principal payment $16.00
Challenge closing balance: $6,598.11

Today true to my word I woke up 15 minutes earlier. It's amazing how tired I am with the 15 minute difference, it means a lot I guess! Should be used to it soon. I have to go to bed soon also, which is the other thing I need to get used to.

I used that time to pay the bills, B's speeding fine ($190)(ugh) and his driver licence renewal ($267).

Yesterday morning when I got up early I ordered my textbook ($140.94). My credit card is now just below $2000 which was nearly giving me an ulcer so I transferred the full cost of the study unit and textbook ($1445.94) from the EF. I did not spend 1 year 1 month (so far, next month is the final month) repaying credit card debt to become lackadaisical about large amounts sitting on the credit card, don't want to end up back in that hole! No way no how.

Seeing the cash balance in the EF after doing the transfer is now giving me an ulcer though, so need to get B's tax return sorted asap so we can lodge and I can get the $1073 refund to put straight back in the EF.

After work I went to the shops to get some food for dinner but also decided to do CB's 10 items idea. For $34.54 I got ravioli for dinner, liquid hand soap, toothpaste, meat for the dog, bread, peanut butter, potato chips, coffee pods, almond milk, mini chocolate bars and garlic bread. Ok, I got eleven things. We are running really low on food at the moment so need to build the pantry up a bit!

Goodnight all!

Snowflakes 11/8/16

August 12th, 2016 at 12:29 am

Challenge starting balance: $6,329.46
Plus:
- weekly EF savings $35.69
- football winnings $71.00
Challenge closing balance: $6,436.17

My football team had a much bigger win than anticipated! Some creative accounting was involved because I am getting my hair done tomorrow and $71 was a bit hard to swing. In the monthly budget I put that we would put $40 towards the holiday fund so included that in the $71 and put $31 over from our spending money.

Now that B's car loan is reduced and we are paying $180 per month it is time to watch closely what he is spending. We put $80 on it per week to cover car washes of the company car and takeaway but he spent $116 so I transferred $36 from our spending money over. I also repaid my $38.50 bag and $13 being the final part of the coffee machine.

Work was much better yesterday. Random emails and phone calls had me looking into things I don't normally deal with, it was quite an enjoyable day. Finished the day off with a good workout at the gym Smile.

Snowflakes; Old Neck Injury Flared Up

August 3rd, 2016 at 10:37 pm

Challenge starting balance: $5,773.06
Plus:
- weekly EF savings $35.69
- football winnings $15.00
- fortnightly balance transfer payment $151.50
- repayment to B's credit card $180.00
- mortgage topup $174.21
Challenge closing balance: $6,329.46

We have a very spendy month in the bills department so this will be the majority of the snowflakes.

Weekly EF savings as usual, football game winnings from two weeks ago both went to the savings account.

My balance transfer credit card balance showed as $523.50 owing, which is less than the $614 balance there should be so have reduced the monthly balance transfer payment from $303 to $261.75, with $110.25 to be paid in the second fortnight of the month.

Next month by the end of the September I will have no credit card debt!!!!

What a turnaround from a year ago. Then in October I start to save for a new car (hopefully don't need to buy for a long time!).

I also have put $180 towards B's credit card debt and have added his credit card debt to my credit card debt paydown spreadsheet. We were able to afford the $180 payment due to his reduction in the car loan which he refinanced. According to the spreadsheet, his debt will be repaid in March 2018.

I then paid $174.21 against the mortgage principal (goal 1 on my sidebar). May mortgage interest was $563.61 and $89.40 had already been paid towards the interest. $263.21 - $89.40 = $174.21. We can't afford to pay two months this month, but as it is we should be into the $118000s next month which is good.

***

Non financial stuff (ok kinda financial): I am having my first sick day in 3-5 years today. Yesterday I hurt my neck (long running injury which flares up occasionally) and when I woke this morning could barely turn it to the right so knew I had to go to the chiropractors asap.

My sister lives a block away so I parked my car there, had coffee with her and got to see my toddler nephew; then went to the chiropractors.

As I am so stiff he could only work on me for about 10 mins, so I have to go back in 2 days time and in the meantime use Ice Gel four times a day. I booked a Saturday morning appointment, he said as for work to just play it by ear.

The charge for today was $64. Time to go put more Ice Gel on and watch a bit more tv.

July EOM EF Balance; New Coffee Machine

July 31st, 2016 at 01:25 am

Challenge starting balance: $5,737.37
Plus:
- weekly EF savings $35.69
Challenge closing balance: $5,773.06

As always, on Friday the weekly EF savings got transferred to the EF account.

I've just checked the balance for the end of July and it is as follows:

Mini EF: $2,743.35
Maxi EF: $3,784.50
Holiday Fund: $-445.00

All in all, $6,527.85. The Maxi EF, the shares portion of the savings gained $200 from last month. The Maxitrans shares are down by $120 and the QBE shares are up by $80, so not awesome but not too bad.

***

No football winnings this week as my team lost and we didn't have enough spare money to transfer the $15 over from last week so will do that next week.

***

I've been saving for another coffee machine because the current one has been leaking for quite a while, even though I've descaled it. B had a look to see if he could pull it apart and change a seal but no, not possible.

I had $40 saved. This morning while using it, it made an unmistakably bad and scary sound so it was apparent that this was it, time to go to the shops.

The remainder of this purchase is coming out of August money!

Good Guys had the best price for Nespresso coffee machines and I saw one for $229 (rrp is $329) pretty much exactly the same. But.... then I spoke to a salesman.

We ended up with a slight upgrade, getting a Nespresso Lattissima for $399 (rrp is $515, so we got a good deal as they are running that model out), which I'm happy about as this machine does your milk and coffee at the same time, there's a bit of time saving there.

Still have mixed emotions though because instead of saving $100 we overspent by $170. I think in the longterm we'll see the value though. Mr Money Mustache would not be proud though!

Snowflakes Update 25 July

July 25th, 2016 at 04:40 am

Challenge starting balance: $5,193.18
Plus:
- weekly EF savings $35.69
- football winnings $36.00
- fortnightly balance transfer payment $151.50
- repayment to B's credit card $10.00
- mortgage topup $280.00
- plus extra paid towards mortgage $31.00
Challenge closing balance: $5,737.37

The weekly EF savings got transferred out and I transferred last week's football winnings of $36.00. So far I am at $47.00 with that challenge and then my team won again! This time by 15 points so that will be next week's transfer. The holiday fund has been reduced to $-445 now.

The fortnightly balance transfer came out and then over the weekend I got the monthly credit card statement emailed to me, the balance is now down to $523.50!! Somehow I am ahead by $110 as opposed to my credit card paydown spreadsheet. I have no idea but it means that in September instead of final payment being $311.00, it will be $220.50.

We also threw $10 over to B's credit card from our weekly spending money.

April mortgage interest was $588 and in the month of April we paid $8 extra, $580 - $300 maximum interest we want to pay is $280, which we transferred over.

Then I saw that the mortgage balance was $120,061 and got excited and figured that perhaps we can pay $62 and it can be down to $119,999 by the end of the month, so have transferred $31 over from our spending money.

Speaking of spending, on the weekend we made up for the two weeks prior where we barely spent anything. We got B's birthday present, some motorbike riding gear for $300, these two gorgeous lamps I've had my eye on for a while for $168, black printer toner ink for $71.77 and a laptop bag for B's work for $46.

I had to put the lamps and the groceries for $116 on my credit card so it will be getting paid back out of next week's spending money. We have no social plans and will just do everything on the cheap next week. The purchases were worth it.

Another thing I bought is my first herb plant- parsley. It sits on our window sill, hope to get a lot of use out of it.

Whew so much writing !!

I enjoyed last week writing small posts about different financial matters, so hope to be back doing that tomorrow Smile.

Ps does anybody know what has happened to Imasaver? I just realised I haven't seen her blogs in a while and she's not on the "all blogs" list. Thanks.

Loan Approved

July 22nd, 2016 at 12:55 am

After emailing the required pre-loan quote and privacy form with B's signature, I received an email a couple of hours later confirming that the loan is approved, along with many more forms to sign and send back. All great news!

I also transferred $36 from last week's football winnings to the EF, for B's credit card we transferred an extra $10 onto it so will do a big snowflake update tomorrow counting these transfers in.

Snowflakes Update

July 17th, 2016 at 03:17 pm

Challenge starting balance: $5,146.49
Plus:
- weekly EF savings $35.69
- football winnings $11.00
Challenge closing balance: $5,193.18

Last week the usual weekly EF savings of $35.69 got transferred over on Friday so that got added to the challenge balance.

As I am now not saving every spare dollar towards the holiday I am doing the same football challenge as last year. For every point my team (St Kilda) win by, a dollar will get added to the challenge and will go towards the holiday fund.

So last week my team won by 11. Then over the weekend they won again! This time by 36 points. That will be a nice snowflake. They have won 8 games so far this year so on the weekends that they lose I will backdate and add those wins to the challenge.

This brings the holiday fund in negative of $-481 now.

I am trying to post a bit more regularly so I hope to do small updates each day. We'll see how this goes! (And you never know I may finally upload my UK pictures to show you guys!)

Various Financial Transactions

July 7th, 2016 at 08:17 pm

Challenge starting balance: $4,932.01
Plus:
- March mortgage interest payment: $214.48
Challenge closing balance: $5,146.49

One of my 2016 goals was to pay no more than $300 per month interest. Looking back at the bank statement I can see that $548.48 interest was charged, leaving $248.48 to pay. Looking back at my March blog entries I can see that we paid $34.00 towards the interest charged. Therefore to match that goal I have transferred $214.48 onto the mortgage.

Also happy to see that I have now clicked over the $5k mark in the challenge Smile.

***

My lovely boss gave me a bonus of $1045 on the last day of work before my holiday. I transferred $102 onto my credit card (the overspent portion), $398 onto my credit card to be allocated against the dog's dental surgery (estimate has now been changed to $900-$1200) and $500 repaid to the holiday fund.

I also repaid $500 from our pay for this month against the holiday fund. Balance now owing is $492.00.

***

I knew I wanted to buy another 99 QBE shares by September (dividend payment time) to even it up to 300 shares. Due to the Brexit happenings our market has dropped and my shares have dropped significantly.

Therefore I have now bought 99 shares at a price of $10.39, total cost of the purchase was $1,048.56. Basically $1045 went into the account and $1048.56 came out, so not bad at all.

My average QBE purchase price is now $10.71, so I am down slightly there. The MXI shares owned are down heaps, hopefully one day they increase value again.

The EF breakdown will now be:
Mini EF: $2,636.28
Maxi EF: $3,584.25
Holiday Fund: $-492.00

All in all, $6,220.53 at this point in time.

***

I have dropped the dog off for her dental surgery and her physical shows that her heart, lungs and temperature are ok. They do blood tests before giving the anaesthesia also to check that everything is ok.

I just got a phone call from the vet that her blood test recorded a low white blood cell count which we need to get looked at in a couple of weeks.

And the happy news that she is ok!

They have said that 7 teeth were taken out, mostly the back ones. My poor baby. Hopefully she recovers well.

They changed the estimate from $900-$1200, so am interested to know what it will be. If she was in pain from the broken teeth then it is completely worth it for her to be pain free.


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