August was less of a failure than July, so that's the good news to kick off with - hooray! Budget-wise, I was expecting a negative cash flow for August, but it wasn't as far in the negative as expected, so that's nice to see. As usual, Food & Groceries was over budget, however in comparison … Continue reading Reducing the discretionary spend – August 2020 results
Can you hear the cackle of evil, witchy laughter in the distance? I can! It's the Ghost of the Past Financial Year giving me a razzing. Yep, July was a significant failure in the 'reducing my discretionary spending' challenge. However, it did bring into focus something that I kind of knew already, but to which … Continue reading Reducing the discretionary spend – July 2020 results
So, the end of the 2019-20 financial year has come, and it's time for my half-yearly net worth update. Things are looking only slightly different compared to six months ago. The impact of the coronavirus pandemic on the share market has had a rather unpleasant impact on my superannuation balance; compared to where it was … Continue reading Net worth update June 2020
Well, this is it! My twelve months is up - achievement unlocked! This process I've followed of running a proper budget and tracking everything I spend has been a really interesting, if sometimes tedious, exercise. It's certainly brought sharply into focus those areas where I knew I was probably wasting quite a bit of money … Continue reading Savings rate challenge results – June 2020 and overall year
Eleven months down, one to go! Finally, as mentioned in April's savings rate challenge post, I hit one of my financial goals in early May - I now have 6 months' full pay saved in my emergency fund! Boy, it's nice to hit this one. It's interesting how achieving a goal like this significantly reduces … Continue reading Savings rate challenge results – May 2020
FIRE for One 