Hey, big spender!
Look at that, I’m 26 now but it doesn’t look like I’m any wiser! Let’s have a look at the ol’ piglet bank:
Rent: $1350 (fixed cost – three fortnights this month!)
Electricity & Gas & Water: $0 (quarterly bills)
Supermarket Food: $230 ($239.12 last month)
Other Food: $449.91 ($235.64 last month)
Alcohol: $42.3 ($78 last month)
Phone: $30 (fixed cost)
Internet: $30 (fixed cost)
Car Maintenance: $250 ($0 last month)
Fuel & Transport: $41.58 ($202.14 last month)
Health & Insurance: $47.38 ($52.38 last month)
Discretionary: $303.82 ($334.59 last month)
Total: $2,278 ($2,338 last month)
Sure, this looks good, but it doesn’t include property (investment) costs. I’ve put $1,262 towards selling one property already this month; add this in to the total and we’re looking at an $800 weekly average spend. I have already had one buyer convince me to end the tenant’s lease early to align with settlement, and then pull out of the contract. Ouch. Lesson learned.
The Mrs. took me to Cairns for a surprise birthday gift, so I spent more on takeaway, and at the casino! 50% of the time I won every time. I made a 3000% profit… on a dollar.
I sold my phone for $150 after buying a new second hand one for $180. We’re also in the hunt for a new home – one that’s cheaper! There should be some savings in rent to come.
Also had to pay rego on my fully sick V8 (worth it), and I took my bike in to get fixed. I don’t really want to talk about how that went. Maybe keep an eye out on Gumtree if you’re in the market for a Yamaha.
See you next financial year.