Monday, March 14, 2011

Silly Mistake Leads to Cost

On Thursday, I am flying to the other side of the country, Perth to be exact. On Wednesday night, I am staying at my brother's house as he lives nice and close to the airport and I can leave my car at his place free of charge.

I seemed to have forgotten about my big trip when I went grocery shopping on Sunday. I was only stocking up on fresh produce... and it's now all going to go bad while I'm away.

I will probably take it to my brother's house for him to eat, but still, seems like a waste and definitely a waste of money. So if I was a little more on the ball, I would be even further under budget.

Oh well, we live and learn.


Saturday, March 12, 2011

Budget Update

This month, I decided to track my spending, every last cent I spent!

My bills and savings are automatically deducted from my pay cheque so I don't even see it. After that, I have three budget categories.

Groceries - $150
Petrol - $150
Other/Fun - $100

So how did I go this month?

Groceries - $116.20
Petrol - $137.40
Other/Fun - $102.17

Not too bad. Though I went over my Other/Fun budget by $2.17, I was well under in my other two categories.

My grocery budget includes toiletries. I like to stock up when things are on sale. So when tinned tomatoes are on sale and I only need one can that week, I might buy five and put them in the cupboard. This fortnight, I bought ten tubes of toothpaste because the price was so good.

So while my grocery budget may seem a little high for just one person, it is so large so that I can stock up when I want to.

Any thoughts on my budget? Too high, too low?

Update: This is my fortnightly budget, not monthly. Apologies for the confusion.




Friday, March 11, 2011

My Net Worth

I decided to calculate my net worth, after seeing it on so many other blogs.

Assets:

House- $390 000
Car- $30 000 (very conservative estimate, is probably actually worth more)
Shares- $6000
Superannuation- $35 000 (approximate)
Cash- $10 000

Total Assests: $471 000

Liabilities:

Mortgage- $281 000

Total Liabilities: $281 000

Therefore, my Net Worth is $190 000.

Not too bad for a 23 year old! This is also not taking into account my one third ownership of an investment property, as I have no idea what it is worth or what the mortgage on it is.

Does this seem alright to everyone?


Sunday, March 6, 2011

Worth It

A little while ago, I posted that I had gotten a Woolworths Frequent Flyer Credit Card. Well, that has more than paid for itself. By just putting my regular purchases on that card and never carrying a balance, I booked a flight to Perth (usually around $350) with my points and still have a bunch left.

Glad to save a bit of money for basically doing nothing!