Top four favourite Finance podcasts

Top four favourite Finance podcasts

I am a podcast addict, there are over fifty different shows I am subscribed and listen to. I prefer podcasts over television as I like to do several things at once. For those of you not in the know I found out last week that I fractured my spine; two places in my sacrum and one in my coccyx and I have been at home trying to heal over the past week, podcasts and books have been the answer for me as sitting up hurts up lower back and these activities have allowed me to lie down. In this post I will share with you my four favourite finance podcasts.

Bookclub – Grit

Bookclub – Grit

How far are you willing to go to reach your financial goals? I’ve recently hit a wall with my budgeting. A high wall. A $16,500 wall that 15 months is mentally crushing me. It’s is not that much considering how far I have come. Considering that my board and amount of savings I need to budget to achieve my goal is sitting at about 60% of my net income. I’ve come back to Harvard Professor, Angela Duckworth’s book for inspiration. In this article I’ll share with you my recent continued hardaches and the three elements I have come back to in Duckworth’s research to recentre and recalibrate.

First quarter 2018 expenditure breakdown

First quarter 2018 expenditure breakdown

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…

Car vs Overseas travel – why I don’t own a car

Car vs Overseas travel – why I don’t own a car

Budgeting is all about decisions and reallocation, when choosing between owning a car and going on an overseas trip travelling has won for me. to date In 2017 I spent $6675.07 on overseas travel: three trips to New Zealand and a trip across Scotland, Spain and England. I’ve never been much of a fan of driving, at 30 I still haven’t owned a car. Growing up in Palmerston North, New Zealand, I drove my parents’ cars. When I lived in Wellington, New Zealand the public transport was sufficient. Upon moving to Brisbane, Australia in 2011 and living within the 10km radius of the city and with ample public transport across boat, bus and train and with the recent introduction of ride sharing services a car was still not a necessary. This week’s post provides some Brisbane transport comparison figures across car, public transport and bicycle.

Meal prep for $40 a week

Meal prep for $40 a week

I have had a few people ask me about how I’m eating ethically at such a low budget with the $40 grocery challenge. This week I decided to document how I do it, recipes included, and include links through to my grocery receipts on my Instagram to show it is possible. With my challenge I am shopping for one person, I occasionally cook for friends but mainly yours truly. If you are a couple take your budget up to $80 and if you are a family add to your budget again. I’m not always perfect, I go over budget from time to time. With my challenge I am aiming to get creative, eat ethically in order to donate an extra $20 a fortnight to charity.

Bookclub – Underspent

Bookclub – Underspent

Have you ever had the courage to contact a stranger on social media? In January 2018 a post from Underspent author, Rachel Smith, showed up in my Linkedin feed. Rachel has merged her talents, hobbies and passions across different areas: she is an advocate for cyclists advising internationally on transport planning and infrastructure, she is passionate about the environment, minimalism and reducing waste, where I most admired Rachel centred around a large challenge that she set for herself in 2014 where she bought nothing new or second hand for over a year. This helped her to save 38% of her salary, $52,680. I plucked up the courage and sent Rachel a private message on Linkedin and we ended up arranging to meet for lunch. I have since read Rachel’s book, Underspent, which details her year of giving up shopping in 2014. This article provides an overview of three lessons I learnt from Rachel to apply to my personal finance journey: making new rules, getting organised and rewarding yourself with experiences.

Book club – The Barefoot Investor

Book club – The Barefoot Investor

What sorts of systems do you have in place to help you think about your budget? The Barefoot Investor, Scott Pape, provided me with three great takeaways: the implementation of an electronic envelope system, a reassessment of superannuation and although I can’t participate in the idea of a “hot financial date” each month the encouragement to share my journey…

How to reduce your grocery bill to $40 a week

How to reduce your grocery bill to $40 a week

Can you go into the kitchen and think outside of the box to create something out of very few ingredients? In this article I will discuss and challenge you to shake up your eating and participate in the $40 grocery challenge. This challenge touches your own personal creativity to reduce your carbon footprint to allow you to free up some extra money to give to your favourite charity.