Food, Finance & Fitness this is a 3 part Blog- Part 2- Finances

I am a Mother of 2 kids, my partner is a business owner and I work full-time hours. I have to admit time is scarce and finances are one area that has the most potential to slide within our busy lifestyles. I am planning for the future and anyone who knows me will confirm- I can be detail focused at times. There is nothing more reassuring to me, than calculating our monthly financial position and identifying improvements. By adding all debts and loans, compared against all savings, assets and accounts. I watch and track my financial progress by jotting down the balances and writing the date.

In addition, to achieve a profit then realise: “My investment paid for this holiday outright!” Is one of many reasons I love to know my finances. 

Set Goals

My first goal was to purchase a 2 bedroom flat, as an investment property. I saved my deposit by investing in the ASX using blue chip shares. I opened a Commsec account and started with a purchase of $700 in NAB shares many years ago. Eventually I had $7,500 that I used in my bank loan application as genuine savings.

Monthly Positive

After every month ends, spend time working out exactly how much money was paid to you and how much money you spent. Make sure that every month you achieve at least $1 positive and then save for the things you want to purchase. If you are negative- take drastic action and cut out anything not essential food, clothing and shelter- because you might get debt-logged very quickly.


Start by collecting bottles and aluminium cans to cash in. One day per month spent making money rather than spending helps a lot. In addition spend time in Op-Shops looking for bargains and recycling household packaging or discarded clothing for arts and crafts. Try to avoid new goods tax, and buy 2nd hand cars, jewelry and kids toys. Use and give hand-me-downs.

Your Pay Cycle

Work out all ongoing costs according to your pay cycle. If you get paid weekly take your car registration yearly amount and divide it by 52 weeks... and if you get paid monthly and buy a coffee every day then add up the average coffee bill for a week. So every time you get paid know how much you have already committed before you spend on that new belt.

Your Real Cost

A common saying a penny saved is a penny earned. As a rule I always double any price tag to figure out if something is good value. Then I work out how many hours I have to work to trade my time for the item I am about to purchase. Know your worth... Every $2 that you save instead of spending will likely turn into $4 by the age of 60- make it your mission to trade a coffee today for a better life goal!

Tight Margins

It is important to focus on creating a monthly positive first. After you have become positive in your monthly calculations try to tighten your margins by shopping for cheaper overhead expenses. This might be a cheaper phone plan, a better internet supply charge, cheaper electricity rates of supply or a better insurance cover that is cheaper than one you might have held for years.

Set financial goals

Edit this Worksheet to Make your own

If you click on the icon above you can download the Excel document that I use and adjust the content to suit your own financial preferences. This is based on my life in Gold Coast, Australia.

Make budgeting and investing that much easier with a monthly summary, and start investing for your future now. Live a more relaxed life, and start today! 

Budget is defined as noun
– an itemized allotment of funds, time, etc., for a given period..
When I was younger I constantly maxed out my credit card and abused my mobile phone post-paid plans. I watched as companies took hundreds of dollars of my hard earned after tax pay in profits while I worked longer and spent more. Once I realised that I did not have to necessarily earn more to have more money I re-established my priorities to work on a new approach that worked! Start to set a goal today! 

4 thoughts on “Finances”

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  2. A motivating discussion is worth comment.
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