The Truth About My Finances

I need to get real about my finances. For the last 6 months I’ve been pretending that things are going to plan but they’re not. I’m living pay check to pay check again which I hate. This isn’t as dire as it sounds. I do have savings and am paying off everything I need to but I can’t work out why I feel I need so many things. I’ve been actively working at minimising yet I go out and buy new things I don’t need. I buy clothes when I’m doing Project 333 and have donated half my wardrobe. I get caught up in things I do need – yesterday I bought a new planner for next year. It cost me $89. Did I need to spend that much? No because a $10 planner would be sufficient.

Why do I do this to myself?

Mindset.

My mindset is not right for what I want to be achieving. For one, I’m influenced by social media. I’m 100% aware that social media is not real life. But I follow a lot of coaches and health/well-being people on Instagram and they’re just so damn productive with their planners, mugs, notebooks and pens and I think “damn, if I have those things I’ll be productive too!” I know it’s a lie. And I know that it won’t help but for some reason I don’t stop myself.

Another reason is that I don’t have a lot of spending money once I’ve taken care of bills, savings and other essentials. Once I go over I think “well fuck it, I may as well blow it.” A solution could be more breathing room. I’m going to spend a bit of time working out what I’m spending again following my money method that I outlined here.

We’ve gone through some big changes this year and financially we’ve spent a lot. We’re still in the process of renovating, I had expensive surgery and booked holidays that we’ve paid for up-front. Whilst we haven’t been frivolous with our money, we haven’t exactly been careful either.

I think there’s a fine line when it comes to spending and saving. I want to be careful with my spending but still feel free to make choices without having that anxiety-inducing moment.

Back to the planner I bought yesterday. Whilst it’s certainly a lot of money, I worked out it ends up being approximately $1.70 per week. But I anguished over this choice for weeks and I don’t want that. I want to feel confident in the choices I’m making. I want to intrinsically know that it’s ok to spend money on things that are useful and important, especially when I can afford to and it’s not impacting anything else. But that is where the problem lies. It is impacting other things so until I get that sorted I’ll feel either anxious or ambivalent about every purchase I make.

So, my aim for the rest of this year is to get my finances sorted so I can start 2018 fresh.

Intentional Spending – October

October is going to be another big one in terms of over spending. There’s a number of things that I didn’t do in September that I want to purchase in October. These are mostly holiday related expenses. I did knock a few of those out last month but they weren’t the ones that I actually wanted to pay for but they needed to be done regardless and now they are.

Here is what I plan on spending in October

  • One piece bathers – up to $100.00
  • High waisted bloomers/dance shorts – up to $50.00
  • Heels for dancing – up to $80.00
  • Accomodation for QLD – up to $1500.00
  • Flights to NZ – up to $1000.00
  • Money for Oktober festival event – up to $100.00
  • Uber for friend’s engagement party – up to $50.00
  • Car Registration – $800.00
  • Twerk Class – $100.00
  • Additional dance class – $100.00
  • House of Dior exhibition tickets – $26.00
  • Doctors appointment – $80.00

This is my list of additional purchases.

  • Black loafers/shoes for work – up to $150.00
  • A new water bottle that tallies how many bottles have been drunk, is BPA free and made of glass – $50.00
    I bought this last month.
  • Single serve bowls that can be microwaved x 4 – up to $50.00
    I’ve decided I no longer want this item. Initially I wanted these for single serve soups/casseroles but now it’s coming into summer I’m going take these off my list until next year
  • iPod – $219.00
    Item is no longer available
  • iPod Touch – $258 – $298
    I haven’t decided which one I want, the 16GB or the 32GB. I’ll wait and see what sort of vouchers I get for Christmas before deciding
  • Flat black ankle boots – up to $200

I had an update with the new door. The permit has only just been assigned to a case officer so hopefully we’ll have some sort of idea of costs in the next couple of weeks. My fiance’s roster has changed so it means he won’t be getting as much overtime as he previously was so I may have to put a hold on the furniture and artwork but that’s ok. It’s nearing Christmas so I may be able to score some cash or vouchers for those sorts of things.

Budget Spend – $3986.00
Additional Spend – $648.00

Intentional Spending – September

I’ve realised it’s been a long time since I’ve put money into the mortgage. I’ve been putting money into my savings account every month but not so much the mortgage. I’ve been lucky that my fiance has been working a lot of overtime so he’s been putting in enough to cover both our share and then some which has been great. I on the other hand have been using that money to pay off all my various medical fees because I didn’t want to transfer money from our offset account if I didn’t need to.

September Spending

  • Make up – up to $50.00
  • Train ticket for check up with the surgeon – $6.00
  • Train ticket for final check up with surgeon – $6.00
  • Flights to Brisbane – up to $700.00
  • Book accommodation for QLD – up to $1500.00
  • Flights to NZ – up to $1000.00
  • Nephew’s Birthday present – $100.00
  • Food for Grand Final Day BBQ – up to $100.00
  • Doctors appointment – $80.00

This is my list of additional purchases.

  • Black loafers/shoes for work – up to $150.00
  • A new water bottle that tallies how many bottles have been drunk, is BPA free and made of glass – $50.00
  • Single serve bowls that can be microwaved x 4 – up to $50.00
  • iPod – $219.00 Note – I’m not sure about this item anymore. The specific iPod I wanted seems to no longer be for sale and the next one up is $299 and is the size of a phone so I’m not entirely sure I want to purchase this. I’m going to keep it on the list for a couple of months whilst I shop around for the one I want
  • Flat black ankle boots – up to $200

I feel like there is more but for the life of me I can’t think of anything else. My diary doesn’t have many plans in them for this month that requires spending but that seems like a very little, albeit expensive list. I’ve also added another item to my additional list. A pair of flat black ankle boots. I have wedged and heeled boots but not flat ones so I’d like a pair to add to my wardrobe.

The money I sent to the ATO for my HECS debt was returned to me. Obviously it didn’t go through so I’ve put that money back into savings. I’m still waiting for medicare to approve the rebate for the anesthetist bill so I can take it to the private health insurance.

In the next couple of months I’m going to start looking at purchasing new furniture and artwork for the house. I’m hoping that in the next couple of months the new door and floors will have been put in so I can start looking at what I want to do with the rooms. These purchases will most likely go into additional purchases as they will be purchases as I find things that I like.

Budget Spend – $4262.00
Additional Spend – $669.00

Intentional Spending – August

August should, in theory be a quiet month. My jaw surgery is tomorrow (eek!) and I will be staying at my parents for a couple of weeks. I think most of my expenses this month will be train tickets to get to the surgeon for check ups.

August Spending

  • Train ticket for surgeon appointment number 1 – $6.00
  • Train ticket for surgeon appointment number 2 – $6.00
  • Rates Payment – $1432.00
  • Body Corporate bill – $350.00 (I’m not sure if this is actually coming but I haven’t paid one in a while so I’m anticipating it’s arrival)
  • Father’s Day gift – $50.00
  • Nephew’s birthday present – $50.00
  • Beautiful You course repayment – $396.00
  • Dinner out as a last hurrah – $150.00

This is my list of additional purchases.

  • Black loafers/shoes for work – up to $150
  • A new water bottle that tallies how many bottles have been drunk, is BPA free and made of glass – $50
  • Single serve bowls that can be microwaved x 4 – up to $50
  • iPod – $219 (new item)
  • Doorbell – purchased last month by fiance

I haven’t added anything new to the additional purchases list. I think I will probably get the iPod this month but I’ll see how I feel in terms of getting out of the house and driving. Although I don’t have it as part of my intentional spending list, I think my grocery bill will decrease significantly as I’ll be buying mostly fruit and veggies to blend into smoothies.

Budget Spend – $2440.00
Additional Spend – $469.00

Intentional Spending – July Wrap Up

Wow, I did really bad at calculating all my expenses this month. I’m so over and I knew it around the 20th July which was 6 days after pay day.

Here’s how I fared in July’s Intentional Spending.

  • Lunch at the Sofitel for a friend’s birthday – $110.00
    Lunch ended up being $116.00. And delicious.
  • Xrays etc for surgery – $850.00
    Xrays and moulds were taken – $850.00
  • Dinner with friends – $100.00
    My fiance paid for this dinner.
  • Train/Uber for Barossa Dirt – $30.00
    We used the train both ways – $6.00
  • Drinks for when my best friend is back in town from overseas – $50.00
    Drinks turned into lunch first so I paid for that – $62.10
  • Train/Uber for fiance’s mid year social for work – $50.00
    Got the train to and from the event – $6.00

Here’s how I overspent

  • Dinner after Barossa Dirt – $82.00
  • Forgot about my water bill – $232.00
  • Going away drinks for a colleague. Not once, but twice. And I paid for the first rounds. I have to stop doing that because I’m always driving so never get shouted drinks – $42.00
  • Forgot about the coaching course I signed up for. Whilst I had the deposit money saved, I forgot about the monthly payments – $396.00
  • Impromptu dinner out with girlfriends. One decided on a last minute visit from Perth so of course that meant dinner and drinks – $25.00
  • New headlights as both my mine blew within a couple weeks of each other – $19.00
  • New Pj’s – $24.00
  • Internet Extender (so the wifi actually reaches my old bedroom whilst I’m staying at my parents place – $49.95
  • New jacket – $39.00
  • Online Diploma (I like studying for fun) – $49.00

I spent an extra $957.95.  Whilst it is a lot, I’ve included the water bill in there. Part of my savings strategy is to put away money for these types of bills but if I can, I like to just pay them out of my everyday account because then the money I’ve put in the savings can be moved to an actual savings account. The course is something I’m going to have to be really mindful of because it is almost $400.00 extra a month that I knew about but didn’t really realise it if you get me. I know I can do it – it may mean tweaking how much I’m putting away for stuff for a few months.

I also bought an item that wasn’t on my list nor was it on my clothing list but an item I realised I wanted whilst reading Natalie’s Intentional Spending post and that is a leather jacket.  Initially I wanted a real leather jacket and was happy to spend up to $300.00 but wasn’t happy with anything I’d found. I was in Target one day wandering and found a faux leather jacket that I quite liked. It had silver hardware which was good as I don’t like the gold and whilst it had zip details it didn’t go overboard. Plus it was on sale for $39.00 so I decided to buy it. I’m really happy with the purchase because it was pretty much exactly how I envisioned what I wanted except it’s not actual leather.

I didn’t purchase anything under the Additional Purchases however my fiance did end up buying a doorbell. I’m fairly sure it’s haunted as it makes a weird barking/electronic noise in the middle of the night but it’s a doorbell that I did not have to pay for so it’s now crossed off the list.

Budget Spend- $1130.00
Actual Spend- $1040.10
Extra Spend – $957.95

Intentional Spending Wrap Up – June

My Intentional Spending month didn’t exactly go to plan and to tell the truth, nothing I do seems to but hey, we just have to go with the flow and make it work!

I did find it hard, especially the first week. And this is just what happens with me – I deny myself something and I get really anxious and fidgety and I just have to buy something. And I did. You can find out a bit more about that after my wrap up of what I did and didn’t achieve.

  • 2 birthday presents – $20 for the first and $50 for the second as it’s a 30th.
    I spent $17.90 for the first present and $55 for the second. Technically I haven’t spent the $55 yet as the lunch booking was made for after this pay month ends so it will go into next months. I also forgot to include paying for my share so this will go up to $110.
  • Dinner and drinks out for the first mentioned birthday – $100
    We decided to go for high tea instead which set me back $40.
  • Half of my eye brow appointment that I already have booked in – $300
    I knew this was around $600 but it’s actually $640 and I had to pay it upfront. Whoops
  • An outdoor dog bed as the bed now is riddled with bugs and has been destroyed – up to $100
    The bed I found at Bunnings was $59.95 but I had a $20 gift voucher (I lie, it was my fiance’s GV which I made him use for the dog bed) so in total it cost me $39.95.
  • Dinner, drinks and parking before a concert – $100
    Dinner and drinks was $70 and parking was $11
  • Nibbles and food for my birthday – Up to $300
    Irrelevant now as my fiance paid for the food. Yay!

There were a few extra purchases that I hadn’t thought of when I wrote the initial post. I spent $88.90 on tickets to see Peter Andre and CDB (I’m not even embarrassed) and I had signed up for a wine delivery in January that I had to pay which was $285. I also bought some new bras from Kmart which cost me $20 for 4 but I really did need new ones. These are the purchases that helped in the first week. They weren’t planned expenses but they weren’t impulse purchases either. I just didn’t have the foresight when I wrote the initial post to include these.

I also had a few medical expenses that again I didn’t know about until the month had already started. I was reminded that my skin check was due and I was contacted by my doctor to see her because my test results came back slightly elevated. The skin check set me back $80 in which I got back $21 and the doctor set me back $82 in which I got back $37.50.

I also signed up to the Beautiful You Coaching course and paid my deposit but as I already had that money saved, I haven’t included it as an extra expense. I didn’t find anything in my Additional Spending List but I do hope to find a water bottle soon – mine is getting a little manky.

Budgeted Spend –  $970.00
Actual Spend – $818.85
Extra Spend – $393.90

Total Spend – $1212.75

I’m actually not that disappointed with total. It’s not too bad. I spent a lot less on some things and a lot more on others so it me it almost worked out.

Intentional Spending

I feel like I’ve been spending so much money lately that I thought it was time to reign that back in. I want to be more purposeful with my spending, to anticipate and plan my purchases instead of reacting to wants and things on sale. This has partly been inspired by my road to minimalism. I’m also going to start keeping track of my purchases again because I find it interesting to see exactly what my ‘I don’t know where all my money has gone’ money is being spent on.

So these are my intentional purchases for this month.

  • 2 birthday presents – $20 for the first and $50 for the second as it’s a 30th.
  • Dinner and drinks out for the first mentioned birthday – $100
  • Half of my eye brow appointment that I already have booked in – $320
  • An outdoor dog bed as the bed now is riddled with bugs and has been destroyed – up to $100
  • Dinner, drinks and parking before a concert – $100
  • Nibbles and food for my birthday – up to $200

I’ve also added a list of additional purchases. They’re purchases that don’t need to be made in a certain month – they’re more for when I’m looking for something but can’t really find exactly what I’m after so I want to keep an eye out for them.

This is my list of additional purchases.

  • Black loafers/shoes for work – up to $150
  • A new water bottle that tallies how many bottles have been drunk, is BPA free and made of glass – $50
  • Single serve bowls that can be microwaved x 4 – up to $50

All those purchases add up to pretty much all my spending money for the month so I’ll need to re-jig groceries as my fiance and I tend to eat expensive even at home. Or, he can pay for it all which to me is a much better system. It’ll also mean no impromptu dinners out, unless fiance is paying and no ‘just cuz’ purchases. To tell the truth even my ‘just cuz’ purchases get forgotten about. I have magazines that I’ve purchased every month this year that I still haven’t read. I have new books that I haven’t even started, I have new nail polishes even though I don’t really paint my nails anymore so it seems that I’m just spending money for the sake of it rather than because I really needed it or thought deeply about it.

I’m hoping that this will help me really think about what I’m purchasing and why I’m purchasing something. Do I really need it or do I simply want it?