How are you going on your 2018 financial journey? Here’s a quick rundown of my first quarter and how I’m tracking, at the moment I have $43,554.79 towards my house deposit and I’m aiming to get to $60,000 for my house deposit by the end of 2018. It was one of those magic three payday months in January and I realised at the end of the month if I wanted to reach my $60K house deposit goal by the end of the year I was going to have to up my saving from $750 up to $818 a fortnight. Bikes was the word for February, lots and lots of money on bikes. In March I booked flights home to New Zealand for my Grandad’s 90th and came to the realisation that the big overseas trip I plan once a year might not be a possibility this year, perhaps instead a smaller trip to Fiji, Rarotonga or Bali. So here you have it, here is my first quarterly spending report for 2018…

January 2018 quick summary

  • Spent: $4,107.28
  • Saved for house: $2,424.63
  • Got my contract at work renewed for another 12 months

Rent – $4,107.28

Three fortnights meant three lots of board.

Health – $858.35

I had my yearly breast cancer checks, breast cancer is something I am passionate about and a disease that has impacted on my family (my thesis topic even explored public and private health care sectors for breast cancer patients).

I also paid for my Cycle of Giving entry fee – 100km Bike Ride to raise money for Organ Donation Research that my Dad and I did together in March.

From the normal basket I paid for my usual health insurance, medication, psychology and yoga sessions.

Super – $485.11

Three pays so three contributions. I think putting extra to super is important, I pay extra for death and disablement insurance as well.

Restaurants – $332.51

Yum. Yeah, you guys are going to learn this single lady loves to eat out.

Alcohol – $190.50

I went out a few times including an awesome night out for Australia Day Eve on Oxford St, Bulimba and then onto my absolute favourite bar, Brooklyn Standard, in the city.

Transport – $188.36

Four Ubers and parking for a friend in the Gold Coast.

Groceries – $119.96

A pretty good effort if I may say so myself. If you are interested in my #40grocerychallenge the article is up here.

Career – $113.79

I paid to set up this website and the costs of making it happen.

Charity – $100

$60 to Learning potential and $40 to Cycle of Giving.

Entertainment – $95.80

I paid to go to an Italian cooking class with my friends. I also paid to go to my favourite Aussie Journo’s, Mia Freedma, podcast show for March.

Coffee – $68.90

It’s a socially acceptable vice, haha, who knows, perhaps in 50 years time people will be talking about the coffee addicts of the past.

Gifts – $24

I got flowers for a friend that was sick

February 2018 quick summary

  • Spent: $4,107.28
  • Saved for house: $2,424.63
  • Had an accident on my bike and injured my leg and back

Rent – $1020

As per usual.

Health – $528.80

I injured my lower back and saw a chiropractor a few times.

From the normal basket I paid for my usual health insurance, medication, psychologist and yoga sessions.

Bike – $425.47

My racing bike got a damaged back wheel, I got a service and a couple of other things fixed

My commuter go a service and a number of other issues fixed including a very worn out back tyre.

Super – $329.02

As usual.

Gifts – $267.67

Two birthdays. As much as I would like to not admit it I spend a lot of money on gifts which must mean one of my love languages is Gift Giving.

Restaurants – $184.10

Quite low for me, cooked a fair bit for friends at home instead.

Beauty – $170.86

Haircut, waxing, replacement electric toothbrush heads and a really bad massage that made me left feeling really unsatisfied.

Career – $120

I paid my career consultant’s bill from sessions in 2017.

Groceries – $117.34

A pretty good effort if I may say so myself.

Alcohol – $104.20

Night out for my friend’s 30th.

Transport – $90.15

Two ubers, a taxi, a train fare when I forgot my Gocard and an expensive parking ticket I went halves with a friend as the Council in the Gold Coast tickets cars even when you pay the meter if you are there more than two hours (no signage either).

Charity – $80

Donated $40 to the Cycle of Giving $60 to Learning Potential Fund.

Coffee – $45.60

This is low for me.

Entertainment – $38.80

Pub choir, library hold, new headphones and new book.

March 2018 quick summary

  • Spent: $4,107.28
  • Saved for house: $1,737.51
  • Bought tickets home to New Zealand for my Grandad’s 90th in May/June 2018

Rent – $1024.95

As per usual.

Holidays – $525.00

Return from Brisbane to Napier in May/June for Grandad’s 90th. This is really cheap as the internal flights in New Zealand usually push this trip up to $800-$1000 for me into Napier.

Health – $481.80

Chiropractor costs still

From the normal basket I paid for my usual health insurance, medication, psychologist and yoga sessions.

Groceries – $432.29

Stocked up on protein powder, cacao powder and some other really heavy items while my Dad was staying in Brisbane and had a car (believe it or not doing your groceries on a bike is difficult at times).

Super – $329.02

As usual.

Alcohol – $285.36

A few nights out at Brooklyn Standard and various other places

Restaurants – $193.34

I cooked a fair bit for friends at home, I’ve been getting really into my home brunches of late and expanding out my cooking repertoire, the above is my take on breakie burgers and iced lattes 😎

Transport – $155.29

Many Ubers, Gocard top up, petrol money for friends.

Beauty – $135.00

Haircut and Brazilian waxing (I can’t do these things for myself).

Charity – $105.00

$45 towards the Cycle of Giving and $60 towards my student teams doing the Oxfam Trailwalker as part of their degree.

Coffee – $94.67

I discovered these new biodegradable pods by this Australian company called Urban Brew. They taste good, fit any pod machine, are free trade and take 2 years to breakdown as opposed to normal pods that take over 50 years.

Entertainment – $56.00

Two ubers, a taxi, a train fare when I forgot my Gocard and an expensive parking ticket I went halves with a friend as the Council in the Gold Coast tickets cars even when you pay the meter if you are there more than two hours (no signage either).

Bike – $50

I got given some flash wheels for my racing bike and it cost $50 to get these fitted.

Gifts – $39.95

Bought a fancy pen for a family friend’s birthday, what better gift for the man that has everything!

Clothes – $25.00

This fan girl got her very own feminist top from Mia Freedman’s event.

Phone – $12.95

You don’t see my phone expenses month by month as I pay this once a year. This month I bought a cord while I was out at the pub as my phone went flat.

Bank fees – $3.20

Those pesky ATM fees, turns out those hire ATMs now stop you from using an ING card.

Thoughts for the next quarter

Sinking Funds

I want to really get my sinking funds working for me with saving for bike expenses and gifts, I haven’t seemed to get ahead with these with the ongoing expenses so I am thinking I may have to increase these amounts until I start to get a buffer.

Is an overseas trip possible?

On top of my financial goal to save my $60,000 house deposit my goal for me this year is to still pay cash for my Christmas flights home to Kairakau, New Zealand (usually about $1000-$1200 return) and to cash flow an overseas holiday (this Kiwi considered New Zealand to be another State of Australia).

The Economiss is a single, female, millennial on a mission to buy her first home in Australia. A Kiwi by birth, she jumped over the ditch after she finished her tertiary qualifications in search of employment. The narratives quite often showing up online overshadowed her thoughts of buying a house alone changed in 2017 The Economiss started super charging her finances and saved over 30% of her after tax income towards her house deposit as well as cash flowing four overseas trips. In 2018 The Economiss decided to create a new narrative and share her journey saving 36% of her after tax income for a $60,000 house deposit by December 2018. Do you have some tips to share or want to be featured on the blog, please get in touch!

First quarter 2018 expenditure breakdown
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2 thoughts on “First quarter 2018 expenditure breakdown

  • 02/04/2018 at 5:13 pm
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    Amazing Kim such dedication, I am willing you to get in your own property,👍🏠

  • 02/04/2018 at 7:55 pm
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    Well done for being so accountable Kimbo. You have a good plan and good discipline, so I am sure you will get to your goal.

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