How to budget for large irregular expenses – Guest Post

I recently featured on the Kylie Travers website as part of her goal to help 1,000,000 Australians thrive, survive, How to save for large irregular expensesand where possible, get off Centrelink.

The post is all about How to budget for large irregular expenses.

You might like to check out my Resources section that includes a number of spreadsheets to help you track your money and budget better.

A good place to start is with my Simple Monthly Budget spreadsheet. Or to take your budgeting to the next level, my Monthly Tracker spreadsheet will really help you to have a deeper understanding of where your money is spent.

Plus you can learn the secrets to setting financial goals, getting rid of debt, and so much more, in my FREE 7 day Kick Start your Wealth challenge.

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Optimist versus Pessimist: Who is better with money?

I am a big believer that your thoughts, or money mindset, plays a role in your financial success. This starts Who is better with money - optimist or the pessimistway back when you first form your money beliefs at a young age.

I read an article that said the Pew Research Center conducted a global study that found 70% of Australians believe their kids will be worse off than they are.

Similarly, the 2017 Deloitte Millennial Survey found that only a mere 8% of millennials believe they will be better off than their parents. And even worse only 4% think they will be happier.

This contrasts with Europe and the US where 36% of Millennials think they will be better off than their parents.

As Aussies, we now rank as some of the most pessimistic people in the world. Despite having the longest period of uninterrupted growth in the developed world.

Is the glass really half empty?

The happy go lucky personality that we used to be famous for, has been replaced with a country concerned. Continue Reading →

7 money saving travel tips

Having a holiday and some relaxation time away from work does not have to cost a fortune. Having recently 7 ways to save money on travelreturned from our trip to Hawaii it inspired me to share some of my money saving travel tips.

Be flexible

It can really pay to have a bit of flexibility in terms of the dates that you travel. Even the time of day that you fly can have a significant difference in the price that you pay for flights.

You can often get some great deals in the shoulder or low season. I managed to score 40% off our accommodation in Hawaii by booking online during a Click Frenzy special.

Some other sites that I have used in the past are Groupon, as they often have package deals that are great value.

I also like to compare the cost of hotels at since they have a massive range featured on their site. And they have a best price guarantee and no cancellation fees so they have become my go to website to book through.Continue Reading →

5 money books that helped make me a millionaire

The key for us to build a million dollar net worth was to start our savings and then investing journey off early.5 Money books that helped make me a millionaire

I started saving money as soon as I left high school and had a part time job during my university years. It was around this time that I got interested in investing. A big part of my education in this area was to read a lot of books.

I have compiled the list of the 5 books that had the most influence on me in terms of creating the right mindset around money. As well as giving me a starting foundation for how to manage my money better.

The books are a little bit dated now, as I did most of my learning about money back in the early 2000’s. Most of them have been updated since then with newer editions, but even if you have an older version the lessons are still quite relevant today.

The Millionaire Next Door – Thomas J. Stanley and William D. Danko

Whilst the book is based on 20 years of research of American families the findings from this book still apply here in Australia.Continue Reading →

Raiz Review (formerly Acorns): the spare change jar of today

Raiz (formerly Acorns Australia) is an App that can be said to replace the spare change jar of old.

Raiz ReviewBack some years ago whenever I would get some spare change weighing down my purse, I would put it in a jar.

By the end of the year, I had always accumulated a decent amount to deposit in the bank.

I never missed the spare change going into the jar and was always pleasantly surprised at how quickly it added up.

If you still use predominantly cash I suggest in my 50 ways to save more post about starting a spare change jar. And making savings jars with your kids can also be a fun kids activity.

However, as we move more and more to a cashless society,  the Raiz App has given us an option to squirrel away our spare change.

Except this time the change is invested virtually in a diversified portfolio.

Raiz Review

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30 of the best birthday freebies

Who doesn’t love a freebie on their birthday?

Since working in lo30 birthday freebiesyalty marketing, I have the annoying habit of signing up for every loyalty program there is available. Mainly for research just to keep on top of what everyone else was doing in the space.

One thing I have learned over the years is that us loyalty marketers love a good trigger campaign. And birthday are as good a trigger as any to prompt a special offer.

My husband celebrated his birthday last week. Nudging ever so close to the big 4-0. His inbox was overflowing with special offers.

So if your birthday is coming up soon, I have compiled a list of 30 birthday freebies in Australia to take advantage of.

Boost Juice

What you get: Free smoothie

How you get it: You need to be a member of the Vibe Club, which is handy to be a part of any way as you can avoid the wait times when you order a juice by ordering in advance on the App.Continue Reading →

Accessing retirement savings won’t fix Australia’s housing affordability

With the Australian Federal Budget being announced tonight one of the hot topics over the past few months Using retirement savings to fund a home deposit is not the answeris around housing affordability in Australia.

The median house price in March 2017 according to CoreLogic is $585,000 based on averages across the main Australian capital cities.

With Sydney coming in at a whopping median price of $805,000.

There is no doubt that the great Australian dream of owning your own place is getting harder for first home buyers.

So it being on the political agenda is no surprise.

Accessing Super for a deposit

An idea that has been floated around the past few months in the media is to allow first home buyers to access what they have in their Superannuation to contribute to a house deposit.

Basically it is reducing someone’s retirement savings by allowing them to invest in buying their first home.Continue Reading →

6 financial mistakes I have made and how you can avoid them

Even the wealthiest people in the world have made mistakes in relation to money.

So don’t bfinancial mistakes and how to avoid themeat yourself up if you are only just getting in control of your finances and discover that you have made a bunch of financial mistakes along the way.

The key is to learn from our mistakes and use the knowledge to help us make better decisions in the future.

Below is a wrap up of what I consider to be the main money mistakes I have made along the way, what I have learned from the mistake and how you can avoid doing what I did.

Stopped keeping track of money

For a good six years or more I kept a running spreadsheet of every cent we ever spent.

My epic tracking spreadsheet is the exact one I used.

I knew exactly what the break up of our spending was on and I filled it in religiously at least once a week.

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50 easy ways to save money this month

Since I have started this blog it has made me notice that I used to be quite a good saver back when it was a necessary requirement due to my low income.

But as my income grew my spending also increased to the point where I was not taking any notice 50 ways to save more this monthof what I was spending money on.

When I did the sums in my quarterly update, you can see the sorry story that from a cash flow perspective we are spending more than we earn.

Once I noticed the trend, we have implemented a number of ideas to help us to save more this month.

Review your home insurance renewal each year

It just so happened that our insurance for our primary residence and one of our rental properties was due this month.

The renewal prices were creeping up each year and the past few times I have just paid them as they fell at times when I had a brand new baby taking up all my time.

This time around I spent about 30 minutes comparing options online.

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25 work from home online business ideas

Before I dive into the list of 25 online business ideas I wanted to preface it by saying that there are two main factors that should be taken into account before you zone in on exactly what online business you would like to pursue.

Find something25 Work from home online business ideas for side hustles or to replace your job. that you are good at, are passionate about, or have an interest in.

Particularly if you are going to commence an online business as a side hustle whilst you also work full time, you will need to ensure that you pick something that you feel is worth dedicated your precious time towards.

A good way to help you settle on an idea is to brainstorm a full list of everything you are passionate about and interest in.

Once you have prepared this list then cross reference it against what you are good at.

This should narrow down the list to help you land on your idea. For example, I might really love crocheted items but if I can’t crochet or I am not good at it, then it is not the right business to pursue.

Ensure what you choose has the ability to make you money.

For example, say you decide to create crafts but the item you make take you a few hours to make and you can only sell it for a low value. Continue Reading →