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Avoid a Christmas debt hangover

The average Aussie credit card debt after Christmas is $1,666 with a whopping 82% of people taking up to 6 months to pay it off and 18% taking even longer!

If you are stressing out leading up to Christmas and aren’t sure how to go about having a fabulous time and not getting credit card hangover, look no further. 6 Aussie bloggers tell how they celebrate Christmas in a christmas debtfrugal and fun way. Whether it is traditional family time, fabulously frugal food, or neat savings ideas to take the stress out of your holiday season –you’ll find some great reading here.

Check out ‘Christmas around Australia’ posts from;

My childhood Christmas memories

Growing up I always loved Christmas time. My dad headed up the social club for the organisation he worked for at the time and one of his tasks was to arrange the Christmas party for the company.

It was a HUGE company so there was heaps of coordinating to do. Me and my two sisters over a few after-school sessions would have a production line going in the lounge room making up lolly bags for hundreds of kids.

Continue Reading →

We bought a family home – mortgage free!

You may have noticed I have not been posting much lately.  As I mentioned in my last quarterly update we recently sold our home in Sydney.

Bought a home mortgage freeSince that time that place has settled, we have moved up to the Mid North Coast of New South Wales where my husband grew up. Whilst we have been staying with family for the past month or so I am excited to say that as of a week or so ago we moved into our very own family home – mortgage free!

So between packing and moving as well as taking my freelance marketing business full time, unfortunately, I have had little time to get online and give the blog the love it deserves.

I thought I would share on the blog today a couple of contributing factors on how we were able to become mortgage free in our thirties.

I know for some people this can be seen as a dumb move, as there is possibly better ways our money could have worked for us. But to not have a $3500 monthly payment hanging over our heads and being able to explore working for myself. No return on investment can top that.Continue Reading →

Quarterly Net Worth Update – September 2017

Welcome to my third quarterly update which details my net worth and cash flow as at the end of September 2017 as well as the goals I have set for myself for the next quarter.

Net Worth Update September 2017If mine is the first personal finance blog you have come across firstly I am super humbled by that and secondly you might be thinking this is kind of strange putting the info out there for the world to see.

However, it is a fairly regular occurrence with bloggers to either track their net worth or report their monthly income. For example, J.Money over at Budgets are Sexy has been tracking his net worth for over nine years now and so have a bunch of other bloggers that you can check out in the Rockstar Blog Directory.

I debated whether I should post this or not as I was not sure about how the information would be received, particular here in Australia where ‘tall poppy syndrome’ can mean anyone who seems to be doing ok can be shot down in a hurry.

But my view is that if you have come to my site which is about becoming financially independent in order to retire early then you must be a little bit open-minded and willing to discuss what can be a taboo subject. Continue Reading →

Are men or women better with money?

I know broad statements about gender are risky. As the way someone approaches their finances is an Are women or men better with moneyindividual as can be. But there is no denying that there are some trends and studies that show a difference in the way men and women view investing.

You only need to take a look at some of the bloggers in the personal finance space to see some of these trends emerging. There is a lot of blogs by women that are focused on budgeting, saving and being thrifty.

Whilst most of the bigger names in the financial independence and early retirement blogosphere are males (think J. Money, Mr Money Moustache, Grant at Millennial Money and Mad Fientist.

So the question is, are women or men better with money? And is there something we might be able to learn from each other.

Men earn more

I mentioned this in my know your worth post, that a gender divide still remains and is not going to go away anytime soon.  As a result, men tend to have more money in investments than their female counterparts.Continue Reading →

7 different ways to manage your budget

When it comes to managing your income and outgoing expenses, without a budget you can quickly lose seven different ways to manage your budgettrack of where your money is being spent.

No-one enjoys living from one payday to the other, so the best way to get control of your finances is to start with a budget.

Even the mention of the word can make some people cringe. But it is important to know that there are lots of different budgeting methods, so finding the right one that gels with you could be the key to success.

In this blog, I take a look at the top 7 budgeting methods that are easy to follow. You are sure to find the right one that fits your personality and budgeting style.

The percentage or buckets method

This method of budgeting has been written about in a number of different finance books over the years. In essence, it is dividing your income into a number of different categories or buckets that are broken up into a percentage amount.Continue Reading →

Three common triggers that propel your pursuit of wealth

A few weeks ago I watched a short clip from Kerwin Rae, a business strategist and motivational speaker. He three common trigger to propel your wealthoften does short snippets of video on his Facebook page and this particular one really resonated with me.

The clip was all about three common triggers that propel people along quickly in their pursuit of wealth.

The three triggers to create massive momentum when building wealth were:
A new relationship
Birth of a child
Experiencing mortality

This got me thinking as to how this is in fact so true in my life, and perhaps it might be in yours too. In this post I take you through how these three triggers have shaped my financial path.

A new relationship

In the clip, it talks about how meeting someone and starting a relationship can inspire you to feel like you can conquer the world.Continue Reading →

Guide to Australia’s best kids bank accounts

When it comes to kids bank accounts here in Australia, they are often anything but straightforward. Headline Australia kids bank accountsrates might look appealing. But when you do a little digging, there are special conditions and bonus rates that can require you to jump through hoops.

Having worked in marketing for both the big banks and credit unions, there is a common saying from “womb to tomb”. Basically, that is the utopia of a banking relationship.

Having someone as a customer from when they are a child, through to when they are an adult is the best kind of customer a bank could ask for.

My friends over at the Spending Hacker talk about the hidden ‘tax’ we pay for being loyal.

This is also the case for kids bank accounts. The bank will sweeten the deal with an introductory or bonus rate, that then later converts to a low rate.

If you keep an eye on your kid’s accounts you can definitely maximise the value you get from them.

Here is my list of the top picks for kids savings accounts in August 2017. Note that rates may have changed since then.Continue Reading →

Know your worth? 6 ways women underestimate their value

Are you a women who knows her worth?

As women, you do your best by your family to make every cent of your finances work for you.

Know your worth? 6 ways women underestimate their valueWhen budgeting, we can spend a lot of time working out ways we can make a dollar stretch further. But what if we could change to the other side of the equation and work out a way to earn more?

The Great Divide

It is no secret that women, on average, earn less money than men.

The media will often come out with generalisations like the gender wage gap is currently 16%, or that men’s Superannuation is near twice the size of a women’s at retirement.

Whilst these statements are true, they do little to get the real issue the attention it deserves. Because these articles are often met with rebuttals like ‘women do more service based jobs like child care and nursing which are lower paid’ or ‘women take time out of the workforce to raise children’.

Comparing simple averages across the whole workforce allows people to pick holes in the argument. And then conclude that the wage gap is a myth.Continue Reading →

Persist and Evolve – core traits for blogging and financial independence

Just over a week ago I was sitting in a room at Rydges Southbank in Brisbane with a brilliant bunch of bloggers at the ProBlogger conference.

I am a big believer in investing in yourself, so saw this as a great way for me to hear from people who have created a name for themselves in the blogging world. I wanted to learn all I could about serving my community and helping to get my money management message out to a wider audience.

As I sat in a room with over 150 other bloggers on day one of the two day event, Darren Rowse, the face behind the Problogger website, delivered his opening address.

He has been blogging for over 15 years and over this time he has learnt a thing or two about what is needed to remain a blogger over the long term.

The two core traits he identified were – Persist and Evolve.

As he was talking I could not help but jot down a note that these are also the two core traits you need on your journey to financial independence.

Let’s look at each of the traits in terms of how they relate to both blogging and money management.Continue Reading →

How Kylie makes over $10,000 a month reselling stuff

When I first decided to start my blog and was going through the process to select a name for my blog, a fellow finance How kylie makes over 10000 a month selling stuffblogger by the name of Kylie Travers was the very first person who opened me up to the wonderful community. 

She was the first to put up her hand and welcome me into the wonderful world of personal finance bloggers.

When I looked into her background a bit more I realised what an amazing women she is. So I could not be happier when Kylie agreed for me to interview her about how she makes over $10,000 a month just by selling stuff online!

Can you let us know a little bit about yourself? Your story is an inspiring which I am sure readers would love to hear a bit about.

I’ve gone from being a homeless single mother because of domestic violence to multiple international award winning CEO, speaker, author, charity and brand ambassador, as well as creating a lifestyle for my daughters and I that we love.Continue Reading →