The debate around whether or not you really need to budget waxes and wanes in the personal finance community. Some claim not to need a budget at all, some use a "bucket" system, others track their spending only, and some go all in. For the past two years I've been blogging, I've been "all in" … Continue reading So, do you really need a budget?
June 2021 I'm a little later than I would normally be with this update as I was waiting for my final electricity bill to come in. I changed providers right near the end of June, and it took a couple of weeks for my previous provider to send through the finalised account. While the overall … Continue reading Reducing the discretionary spend – June 2021 results and overall year
On 25th June I posted this on Twitter: https://twitter.com/FIREforOneAus/status/1408172903447732224?s=20 I don't think I've ever seen anything in the media before about the mean net wealth of Australian adults (or maybe I've just never noticed/paid attention), but now that it's net worth update time for me, I'm pleased to see that I'm ahead of the curve, … Continue reading Net worth update June 2021
Well, May was not my best month for both discretionary and non-discretionary spending, unfortunately. On the non-discretionary side, my Personal, Health & Wellness category got completely blown out because I had some medical expenses thanks to a knee that just wouldn't stop hurting. Two doctor's visits (one initial plus the follow up, and mine doesn't … Continue reading Reducing the discretionary spend – May 2021 results
Hmm, I might've gone a little overboard in April. I ended up with my second-highest negative net cash flow so far this financial year. That said, nearly a quarter of the overspend is because I decided to make some additional charitable donations above my usual annual budget (so far I've donated almost double what I … Continue reading Reducing the discretionary spend – April 2021 results