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Never Ending Life Administration

October 27th, 2021 at 01:27 am

As we near the end of October it seems that every spare minute of my time has been taken up with reorganising our bank accounts.  It has been such a long, tedious process.  We received an advice from our bank that they are restructuring our bank accounts to only allow one transaction account (the checking account) and our other bank account that we used as a transaction account to get our salaries deposited and all direct debits would change from a transaction account to an internet only savings account that does not allow direct debits or periodic payments.  Ugh.

I am so glad that DH suggested changing banks altogether because of the time it has cost us (mainly me).  I had to trawl through the bank account to list all debits and then contact everybody, which has been such a time consuming process.  It has been time consuming because there were so many financial institutions (ok, quite a few, it feels like so many) and each financial institution has a different process.  Some were fine with updating the bank details over the phone, others expected you to fill out the form and scan it back, some you had to log in online and go to this section of the website.  It has been such an annoying process.  The only positive out of it all has been getting reacquainted with the various institutions that we use and listing all of our debits down in an organised manner.

Thankfully I can already see the payments coming out of the new account and we have now moved most of the money over to the new bank.  It is looking like this weekend we will start using the eftpos card for the new bank and the process should be pretty much complete.

Another tedious life administration thing I had to do this month was change my name with my super fund (retirement account) for my new employer to deposit into.  I have pretty much changed my name everywhere, now just have two things to go.  But again, this was a matter of complete a form, get the marriage certificate photocopy certified, send it all off.

It is actually our wedding anniversary today, we have now been married for 11 years!  (I guess it is pretty bad that I am still changing my name on things, but I had a lot of things to change).  It is a lovely sunny day just like when we got married which is nice.

I have to do my last bit of life administration for a while hopefully, which is do our taxes - they are due on Sunday.  The process does not take too long though, hopefully we will get nice refunds back.  Then after that we will go out to dinner to celebrate our anniversary, and it will be the first time we have eaten out since possibly June or July?  (We only got out of lockdown last week).  We are going out to dinner at a lovely inner city suburb by the water, so am looking forward to it.  Hope you are all well!

Big Mortgage Repayment, New Bank Accounts

October 4th, 2021 at 07:50 am

I think my last blog entry was in the start of September?  I know it's been a little while.  I've been working now for just over a month so have completed my work's trial period.  In Australia employers can choose from 3 months to 6 months for an employee's probationary period but my boss just wanted 1 month.  If an employer doesn't want to hold on to an employee during the probationary period here they can simply let them know that they have not passed the probationary period and give them the date the employment ends; and if an employee finds that they do not want to work there long term they are also free to leave without notice during the probationary period.  So as of last week I have passed my probationary period, which is great!  

I'm a big believer in if you receive an amount of money unexpectedly (or just money that is not your average pay) you should save half and spend half.  So I got to thinking about my payout from my previous job and decided that I would save half of whatever is left now that I have a part-time job.  Half is around $7000 so DH and I decided that probably the best thing to do with this money is make a large payment on the mortgage, so I paid $6060 down against the mortgage, bringing it down to $79,999!

There's just under 10 years left on the loan so this is motivating to bring the balance down even further.

Now there is just under 6 months pay of my package, being a lesser amount required from it due to employment earnings too.  That will give me time to build up the business, or if that doesn't work out, get a job for the remaining days of the week.  We'll just see how the next couple of months pan out with all of this.

The other big thing that is currently happening is we are currently in the process of changing banks.  After 20 years of being with the same bank we received a letter at the start of September advising us that they are restructuring our bank accounts and we are now entitled to one checking account and all the rest will become savings accounts which do not allow direct debits or a lot of other transaction types.  As one of the bank accounts that they have decided to turn into a basic internet only savings account is where our pays are deposited and all of our direct debits and bill payments come out of this is extremely annoying!

They have given us until the 22nd of October to change the bank account where all of our deposits and debits are withdrawn, and advised that we can open another bank account but we still have to change everything out of that bank account, so after speaking with DH we decided to change banks entirely.  DH is currently on forced shutdown until tomorrow as his industry got closed down for 2 weeks due to the pandemic so today we met with the new bank and opened four bank accounts and a credit card in DH's name doing a balance transfer for the amount owing on his card (around $2500).

It was a very quick process meeting with the bank and getting them to set up everything, which is great!  Now I will need to spend tomorrow and the day after notifying all of our direct debits of the new bank account to withdraw from.  The only upside of this whole process is we will no longer have to pay account fees anymore and years ago DH got talked into putting credit card protection on his credit card so we will not have to pay that anymore as the card will be closed soon.

With DH's balance transfer there is 30 months interest free so I am thinking of setting up automatic repayments each month until it is cleared, and doing the same thing for my credit card also.  We generally repay every purchase within the week, or the month at worst, so this is just old debt hanging around.  All we will need to do is keep our current habit of repaying everything purchased quickly and the problem of the old debt will be eventually sorted.

I also paid four weeks towards the 52 weeks saving challenge for some new fur babies, the balance is now $106.

A New Chapter Has Begun

July 29th, 2021 at 08:35 am

It's been a very long since I posted and has been a very big few months.  Last year my work (now my old work) asked me to work full-time and I agreed to work full-time until May, which they agreed to... however the job I was doing graduated into really needing full-time work, which was no longer my plan, as I want to run my own business!

So last month I took the leap and resigned!  It was time.  I worked there for just over 16.5 years, which is a wonderful effort.  They were lovely people and we got along well, so I valued that and it made it easy to stay working at the same place for so long.  But ultimately I wanted better work life/balance and the job was working in the city travelling a minimum of 1hr15mins each way.  I was sick of the travel before the pandemic and working from home made me realise that travelling that long each day is too long to commute.

So I was working as an assistant accountant/bookkeeper with an annual wage of $59,148 and an hourly rate of $32.50.  But I guess if you look at the travel time included the daily amount earned for the day of 7 hours was $227.50 (before tax), but add in 2.5 hours it took to get to the job and get home and the hourly rate dropped down to $23.95.  It just did not seem worth it anymore.... but we'll see what financial position I am this time next year, and whether I got it right or got it wrong!

My work was fine about it.  They dropped a few hints that perhaps they thought I was crazy to leave secure employment, but I am looking forward to some personal growth (along with a shorter commute) and a different way of life, but they gave me a lovely send off of lunch one day and a lovely morning tea the next - it was all very sweet and emotional because it was the end of an era.  Because I was there for so long I walked away with long service leave of 15 weeks pay and holiday pay of 8 weeks pay, so this is a nice financial cushion to tide me over until I get my next role.

I worked out that I need to transfer $3k per month to contribute towards our bills and spending money, so we now have 5 months left.  So far we haven't been spending too much and have been living pretty comfortably, which makes me happy that we should be ok for a little while.

Because I had not had holidays since 2019 and was pretty run-down DH ordered me to take a rest of 2 weeks, just apply for a couple of jobs each day and mainly relax, which I've been doing.  I have been applying for jobs, and have been catching up on emails and bills with the bookkeeping business which got left to the wayside when I got really rundown, but have also been watching movies and going for little drives, and we are going away camping next weekend which is exciting.

I am hoping to commute up to about 45 minutes each way but have agreed with DH that if I get to 3 months without a job I will apply for city jobs again.  Last week I got a call about a city job and got an email interested in me working for them however it was also inner city, so we will see if I have to bite the bullet and go back to long commutes!

But next week will mark my third week out of a job so my new schedule will start... I have created a schedule to give myself structure and avoid falling into the trap of laziness, working towards getting a job for half of the day (currently am thinking of allocating the morning but if I get interviews in the afternoon then I will swap it around), and building up my bookkeeping business for the other half of the day.  I now have 2 clients - one who I have had for a long time (and have a lot of catching up to do to bring him up to date - both of our faults!) and one from my previous boss, as he doesn't want to do the bookkeeping work (he is a high-ranking accountant so this is not a good use of his time and I am grateful though; this work is up-to-date and will take about half an hour a day).

I have been following your blogs (and commenting occasionally), and now that I have more time available look forward to blogging more regularly and speaking with you all more regularly!

Credit Card & Bills In Order; Another Snowflake

April 20th, 2017 at 11:37 am

Today I sorted out my credit card and have paid both down to $0 (not that there was a lot of out-of-pocket to pay). With the Virgin card I paid $348.32 but only $124 of that was out-of-pocket spending, the rest was budgeted for and with my other card I paid $33.74 for last week's transactions.

It was then a great feeling to clear the note I keep on my phone of the various expenses I have put on the cards! (To not let little expenses sink a ship, every time I charge something to my cards I note it down in a note on my phone - this allows me to keep track of what is going on there and also makes me think twice about what is put on there).

All credit cards are now in order.

I then paid for the animal registrations which I neglected to pay last week.

Today I had to get some makeup as I was running low and when I paid at the cash register they informed me that I have a $5 credit as it was my birthday this month! I then applied it to the purchase and put it into the Christmas savings account later.

I have updated my snowflakes spreadsheet including the dividends received. So far I have received $437 in snowflakes; the two highest snowflakes are the dividends received this month of $153 and $140 in Safeway Everyday rewards. Following that is Christmas savings (the balance to make up the challenge) of $74.92, digital change savings of $30.63, the Medicare refund overpayment of $21.15, Priceline rewards $10.58, savings on gift cards $4.50 and interest earned of $2.58.

Technically the savings items aren't really snowflakes but I still feel like I have to add them in there.

Last night B was snoring really loudly so I had my second awful night of sleep. Two nights of falling asleep at 1am and being up at 6am has made me feel like a dead woman walking. As a result I'm only doing a couple of small things tonight and will go to bed soon. Hopefully I can get up before work and watch some more of the lecture I was watching (to avoid leaving everything to the weekend). We had a pretty relaxing night and I'm looking forward to sleeping soon. Goodnight all Smile.

March Spending Will Be Closed Off Soon

April 1st, 2017 at 05:30 am

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.

Work Issues Re Leave

February 5th, 2017 at 11:32 am

Warning: long post about my job below!

On Friday there was a misunderstanding at work which needs to be rectified tomorrow. The only reason why it wasn't rectified Friday was because it happened on closing time, and I needed a bit of processing time to work out the best way to deal with this.

I'm jotting this down here because I would like to have the information documented plus this is a financial site, and it's definitely of a financial nature. There are two matters that I am writing about:

Matter 1: Unpaid Overtime & Going Home Early.

I work at a small accounting firm (boss R, senior coworker C who is second in charge, myself next in hierarchy and junior coworker J), so it is salary income at a professional services firm, not wage income where you clock on and clock off and get paid an hourly rate. The hours are 9-5 with some overtime required to be worked if needed and I've always been ok with that.

I don't really do much overtime after work, maybe between 5 and 15 minutes a day, but we work a 7 hour day with 1 hour for lunch however I rarely take the full hour, only really if I go out on the lunchbreak. I am totally ok with this as I'm not really a lunchy type of person. I like to eat and read a bit from 12-12.30 then spend 15 minutes making a coffee and looking at my phone, and am back working at 12.45. So there is 15 minutes per day unpaid overtime before working back after work. C works through her lunch but she plays sports so goes home early 1 day a week for that and also goes to appointments and things in the daytime. R is like me, eats and reads and goes back to work. J always leaves the office and generally takes the whole lunchbreak but not always.

With my work sometimes R will go home early on a Friday and usually C will say ok is everyone ready to go at about 4.30, every now and then at 4 but not often - usually on a public holiday weekend.

A couple of weeks ago I asked R for half of a Friday off in the next few weeks by putting in a formal leave application for the 4 hours. He asked me what it was about and I told him but also said that if we were busy (it is our busy time of year) I don't mind leaving a bit later - I could work up to 2pm. I thought I was being nice. He said ok, in that case don't worry about the leave application, we'll play it by ear on the day, if needed work up to 2pm. Then he asked if I was ok to work last Friday which was a public holiday weekend (Thursday was the public holiday and he didn't want to close the office on Friday) and I said fine, no problem. Thought there was nothing else to note really? Friday I was working a normal day, my usual hours and that was it.

So on Friday R went home early and at 4.30 C asked if we were ready to go and we said yes thank you. I generally talk with C about when we leave early and it's by mutual agreement that it will not be before 4.30 on a normal Friday or 4 on a public holiday weekend. So I was just chatting and told her how I let J and I go home at 4 last Friday. She then yelled out "just how many liberties do you want to take V?!"

I had no idea what she was talking about so I asked her what she was talking about (no tone however, as I genuinely didn't know and was trying to work it out) and she said "so you went home early Australia Day weekend and now you want to go home half a day or so on the other Friday?" and I told her I put a leave application in for that, I was using my annual leave. It's just R said don't worry about it because I offered to work a bit more.

She then said not to worry about it because we (R & I) have something worked out between us. I then said to her that I'm happy to use my annual leave, that's why I put the application in. I would expect no less for a half day, it's not like going home an hour early. She then said to sort it out with R.

I think it's best to insist that he accept the leave application now. Even if I finished at 2 I doubt I would have 3 hours unpaid overtime to use up so it's the right thing to do and I'm more than happy to. Plus I do not want anyone to think that I am taking advantage of my boss by getting paid for time I am not working and may not have worked. I don't want anyone to think I am ripping anybody off.

With leaving at 4 last week, I know that from Monday to Wednesday I worked a shorter lunchbreak so there is 45 minutes unpaid overtime. I think from now on I am going to keep a spreadsheet with all of my unpaid overtime just so that I know if we get to go home early on a Friday I have actually earned that money, no questions asked. (And also in the event that the unpaid overtime starts to build up I will use up more of my lunchbreak so that I am not working too much time which is unpaid.)

Matter 2: My Long Service Leave

Not sure if you have long service leave where you are but here in Australia generally after more than 10 years of service in a job (or some industries you can have a portable long service leave which is contributed to by whichever employer you are working for, does not have to be 10 years in one job) an employee is entitled to around 1 week leave per year which can be either taken as leave or withdrawn as a cash payment.

Here employment standards change with each industry and they change all the time so you pretty much always need to deal with the government institution to find out what is currently correct.

A while ago C was talking to R about long service leave and he told her that we are not entitled to it. (I always kept this piece of information in the back of my mind to refer back to). I would actually like to know what my entitlements for long service leave are and would like to be able to see on my payslip the long service leave accrued as well the annual leave (currently we only see annual leave). And as this is currently worth 12 weeks pay it's quite a substantial snowflake!

I hope to deal with this in the next week or two, in the near future anyhow. Must make lunches and go to bed.

Possible Takeover For My Largest Shareholding

February 3rd, 2017 at 09:17 am

I don't really check what price the shares I have are that often - maybe a couple of times a week to ensure that they haven't massively dipped or also to see if there has been a big rise in price.

Anyway this morning I checked and they had risen a fair bit since the start of January but on the 31st there was a media release that a larger global insurance company had made an informal takeover offer. Who knows what will happen because apparently it is a rumour so far and nobody is verifying anything. However it was a media release on the stock exchange so there must be some truth to it.

These days I am more of a hold for as long as possible person so this was a bit of a shock and my initial reaction was now what? There are two reasons why I am like this: 1) at work we prepare financial reports for clients' retirement accounts and the shares that have the highest gains and income received the clients have had for many, many years and 2) it's so easy to lose money so if you find something good you should stick to it. Who knows I might change my way of thinking, but this is currently the way I think.

Apparently the offer is $15 per share which is above the current price and above the price I bought for. I wouldn't say there is a huge profit and then tax has to be paid on that also.. total outlay was $5194 and if the takeover goes ahead the sales proceeds would be $6000.

I will be watching in the next few weeks to see what happens and if I have to pick out another share to buy.. In the back of my mind I was thinking next time I want to get something more global.

In other news keeping up with this blog is so hard with my limited ipad internet access! I have 17 more days to go until the end of the billing month and my monthly data is restored. Normally during the week I would read quite a few blogs on the train but now I have to wait until I get home and quite often don't have a lot of spare time in the evenings, in between spending time with B and doing various housework items.

Spending today has been:
- descaling kit and 2 sets of coffee pods (occasional treat) $32.20
- sushi for lunch $5.60
- iTunes card $25.50 ($30 card with 15% off)
- half rockmelon, spinach & ricotta pastizzis $7
- wine $7

Yesterday I got another snowflakes to add to my yearly other sources of income spreadsheet, Priceline rewards to the value of $5.58. So far the spreadsheet total is at $48.75.

Hope you all have a lovely weekend!

Christmas Savings Challenge Month 1: Met!

January 30th, 2017 at 10:23 am

Happy to say that I've now met $60 challenge amount for month 1 of the Christmas savings challenge! Next month is $75.

Things that have happened of note in the last few days are:

- Thursday was Australia Day so we had the day off work. I was seeing a friend who I haven't seen for nearly a year and who is not on facebook so this motivated me to upload some photos from the UK trip to show her. Because there are so many pictures I have uploaded the first week only and will do week 2 and 3 in the next two weeks. (ps my picture of my meeting with Scottish Girl is in week 3 so stay tuned folks!)

I was trying to add some of my favourite week 1 pictures but could not get it to work. Tips would be helpful, it's been a long time since I've done this!

- Friday I called up the university about a permanent place in my accounting degree. They have been sending many emails about it because I am eligible. It is now enrolment time again and Friday was the cut off date so I contacted them and was given a permanent place. Now because they require 4 units per year to be completed they don't require upfront payment and instead a student loan called "fee-help" is created. The interest rate is currently 1.5% after 11 months of any unpaid debt and they charge 25% of the unit fee per unit. However because this is directly linked to my work I can claim the fees as a tax deduction so can pay my tax refunds against the loan.

- Saturday was a very quiet day, I just relaxed at home and watched some DVDs. I also baked some dairy-free egg-free muffins for Sunday's visit to my sister and her family (my nephew is allergic to dairy and eggs). I made blueberry muffins and choc-apple muffins. The choc-apple muffins were divine! They were so moist and the apple and cinnamon flavours mixed amongst the chocolate worked well. Definitely want to try it again!

- Sunday I took my brother to see my sister, her husband and little nephew in their new place, which is now 1hr 10mins away from us. It's a lovely unit and they are very much enjoying getting to know their new surroundings. My nephew is now 2 and so cute! Love him to bits.

I also had an interesting conversation with my brother (the kind of conversation I love). He can't decide between getting a new car (say 3years old) or buying a house. He is in his early 30s and has $14000 saved. He earns around $800 per week, like me pretty much. He is not fussy about the house but a garage is on his must have list. Houses here that are around 1980s with a garage go for $320,000-$350,000 (unfortunately the prices all go up from there).

He can qualify for the $10,000 first homeowners grant offered by the state. I found out after talking to him that banks are again offering 5% deposit home loans. I did some mortgage repayment figures on a 5% deposit home loan and they equaled roughly half of his pay before any other expenses. I definitely think now that he should stick to 10% deposit instead. Hopefully property prices don't go up further! Maybe when he gets closer to 10% he can get pre-approval so if a good priced property comes up he can get it. But on the other hand what if the prices go up further? Not sure what to tell him. He currently pays $250 per week rent and the mortgage on 5% deposit would be $370 per week which would break him I think. I'd like to see him paying $300 per week (he won't be able to get a mortgage with $250 per week repayments)

Weekend Doings

January 23rd, 2017 at 10:30 am

It was good that we didn't have to go to work on Saturday, being the day after the guy ran over all of those people. After the heaviness of Friday it was good to not go back there and spend a couple of days doing various bits and pieces. A few parts of the street have spots laden with flowers and teddy bears where various people died. They have a memorial at 5.30pm - I didn't go but I did stop at one spot and spent a minute in silence to pay homage. Now 5 are dead, one of those is the 3-month-old baby the guy drove into. Awful awful awful.
***
Saturday morning I started off the day doing my first body pump class (weights) in about 5-6 months, it was great, I want to do it again this week! Unfortunately I am now suffering from second day soreness. Moving anything is an effort!
***
I again consulted my reminder app to do a few productive things. They were:
- buy coloured printer toner for the printer (we can now use it again!)
- Check to see what can happen to the money we have in our mortgage redraw. I read that if it looks like we can't pay the mortgage some banks automatically can take whatever cash you have in redraw and use it for a mortgage repayment. Not that it will happen to us but all the same I want to know how much control the bank has over that money (the bank clerk looked at the loan information and said that the loan is so old he can't tell so he gave me the mortgage information centre phone number). He also said that he thinks we can get a way better rate. We currently have a rate of 5.29%. All the loans I have seen with the better rates have a minimum loan amount of $160,000 which I pointed out to him. He said most of them do but still give it a try and tell them we are looking at going elsewhere and see what they can do (and don't tell them he said that!). I said ok and looked around on the weekend and found a financial institution with a rate of 3.92% for our loan amount, which is a reputable institution so I think it's worth looking into definitely.
- Change my name with this bank to my married name. All associated cards got changed also. They couldn't change the name on our loan though so I have to go through the mortgage department for that.
- Spend some time cleaning out the study while doing an apple update on my iPad. Turns out it only took 4 minutes to download so I simply spent an hour cleaning. Next weekend, the iPhone if there is time available.
***
I got my bathers on the weekend from Zulily - $49 for a bikini bottom and two different tankini tops, very happy with the purchase and don't need to send anything back! Now just waiting on my Thailand 2017 calendar I ordered from eBay (one of my other Christmas presents), apparently it's due between now and the 25th.
***
On Saturday night DH & I went to the movies to see the new xxx movie with Vin Diesel and out for dinner first. Glad I got the movie card the week before because dinner came to $95.30. It was well worth it though to spend some quality time together! There is now $7 left on the gift card for whenever I/we go to the movies next.
***
Our monthly grocery tally now stands at $607.20 with one week to go and we now have to buy meat for maybe 2 nights for the rest of the month. I was hoping for a super low shop this week but Safeway have just given another rewards challenge - spend $135 per week for 4 weeks and receive 12000 points ($60). I activated the challenge, we'll see if I can stick to it.. I didn't stick to the last challenge because they set the spend amounts too high- it was spend $195 one week and $145 the next- I spent the $195 but it was close to a fortnight of food so couldn't spend $145 the next, we didn't need that much food. As a result they have lowered the challenge amount to $135 each week, which is probably a bit more doable.
***
I watched catch-up tv on my iPad using data for about 20 minutes for the first and last time.. I watch it using wifi at home and watched about 40 minutes of Code Black before work but then had to get ready, so I thought it's only 20 minutes, how much data can it use? Uh... lots!! I checked how much data the iPad had before doing it and the month just started so I had 4GB available.. I checked it this morning and it used 3.7GB!! There's only 300MB left until next month. I've now turned off the data and will turn it back on around the 20th next month, until then it's wifi or nothing!

New Tyres Became A New Mattress

January 6th, 2017 at 04:34 am

Hoping everybody had a lovely New Year's. We went away for a few days in our camper trailer, which was lovely but B's back got really sore from sleeping on the rock hard mattress. We put a foam layer on top of it to soften it but that has only lasted so long.

B thought my car needed a new set of tyres however after looking twice decided it was fine. We then decided to use the money allocated towards tyres towards a new mattress for our bed. We will then put one of our other mattresses into the camper trailer and get rid of the really hard mattress. We haven't bought a mattress in 15 years, so I didn't have any objections to buying a new one.

The maximum we had to spend was $1000 and the mattress came in at exactly that. I have just done our monthly budget (normally I do this between the 25th-3rd depending on how expensive I anticipate the month to be) and have found that we can afford this, we just need to not overspend our weekly allocated spending money; as in be super-diligent with this.

Looking forward to seeing what the new mattress feels like to sleep on!

My other financial transaction of note was that I have transferred all but the $110 allocated savings towards shares ($3018.59) into our bank account, which will be then transferred into our mortgage redraw account (which is also a mortgage offset account).

If the maximum interest paid pa is 3% but we are being charged 5.29% pa on our mortgage it seems to be more useful to reduce the interest payable on the home loan. (If anybody has anything to add here, I'm interested in hearing because I could be wrong).

As far as I knew we could have up to $15,000 in redraw. After we transfer the $3018 in there, there should be $5,065 so it would be quite a while before we hit $15,000. Eventually I will have to enquire with the bank as to how much is the maximum you can have here.

Must tidy up our room a bit before we get this new mattress put in tomorrow!

Doings Of The Last Few Days

December 5th, 2016 at 11:13 am

What's been happening this last few days? Here's a few things, financial and non-financial:

- the most important thing of the last few days is I said goodbye to my childhood home. It has been in my family 33 years. Maybe around 12 years ago, Mum sold it because she was moving in with my stepfather; so she sold it to my sister and BIL, who sold it in October and moved out on Saturday. They have pretty much changed the entire inside so it is really a shell of my childhood home. All the same, I took in every last detail for the last time ever. It was a pretty emotional moment. As B said, "you will always have the memories", which is very true.
- Christmas parties Saturday night and Sunday day, both related to B. I have a couple of weeks break from parties etc which is good, a chance to catch up on things and relax a bit.
- Spending has been all over the place, have only been tracking every few days. This weekend we were only slightly over though.
- We were over in spending because this morning my straightener died! I had one which we paid $200 for about 8 years ago, so it has really lasted well. As it was December and this is usually an expensive month, I picked one up for $40 from Priceline. Hopefully technology has improved straighteners and it lasts a while. If I don't like the quality I may get a better brand for my birthday (already have my Christmas present). This went on my credit card, need to repay it this week.
- Only starting to think about Christmas, which is standard for me. B and I already have our presents, and I have 11 presents to buy. Will need to either get them this weekend or next as Christmas weekend will be purely devoted to socialising, cooking and cleaning. If I plan well enough, I can get them all in a couple of hours.
- On Friday the combined value of shares and EF hit $8k! Exciting stuff.

Must make lunches and go to bed, talk soon.

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!