Book club: Minimalism – Live a Meaningful Life

On the left side of the photograph the backround is green and says - The Minimalists - Live a meaningful life - how th eprocess of minimalism can bring you many riches - The economiss. On the Right hand side is a photo of Kim holding a cup of coffee with her Minimalism book in the background

Minimalism defines a lifestyle different to what advertising campaigns sell us. We get up, exercise, commute, work, commute, eat, sleep and repeat the process five times a week. Weekends are spent recovering: cleaning our homes, washing clothes, grocery shopping, meal prepping, seeing friends and family and getting ready to start over again. But what if it didn’t have to be that way? The Minimalists preach a different life than the one advertising campaigns sell us: a smaller house, fewer possessions, rich relationships and better health. Today I will delve into three important messages I got from The Minimalists, Joshua Fields Millburn and Ryan Nicodemus’ book, Minimalism.

Three benefits of being single for budgeting

Image of two girl emojis with an red background and the statement, 3 reasons why being single is awesome for your finances

I used to believe I couldn’t buy a house without a husband but now I firmly believe that being single has so many benefits for your finances. The sooner I started backing myself the more intentional I have become with my finances and the closer I am getting to my goal of the illusive $60,000 deposit by Christmas 2018. This week’s post aims to inspire other single Aussie millennials with my top three reasons of how being single is beneficial for budgeting and reaching your financial dreams!

Second quarter 2018 expenditure breakdown

The Economiss top 6 spending categories for 2018. Board $6640.45. Restauramts $1197.18. Superannuation $2130.21. Groceries $1175.96. Transport $1066.54. Health $3680.23. The background of the image is orange and white and each of the categories has a green logo that matches for the categories

How are you going on your 2018 financial journey? This past three months have been really, really hard for me. On the 17 April I had an accident on my bicycle and fractured my coccyx and two parts of my sacrum. As someone that is normally really active, 2500km logged on Strava cycling before this accident, this has been mentally and physically hard. I have felt like I have lost a little part of my identity and I have been stuck at home. Here’s a quick rundown of my second quarter and how I’m tracking. Today I have $49,530 towards my house deposit and I’m still aiming to get to $60,000 for my house deposit by the end of 2018. There are now 12 pay fortnights for me until the end of 2018, I usually save $818 a fortnight, to reach this goal alongside 6 more interest payments on my savings which are a little over $100 a month. So please read on for my second quarterly spending report for 2018…

Millennial case study: Tasha gets frugal

Photograph of Tasha and her debt chart with a caption that reads Millennials that inspire: Advice from the 28 year old Brisbane millennial that paid off $11,489 of debt in one year

Something I found difficult before I started on my house saving journey was a series of evidence of different women and millennials achieving financially. In this new series of case studies I will share the knowledge of others. For my first case study I am proud to introduce you to Tasha, a 28 year old, Brisbane based, single, millennial that I connected with through Instagram. In June 2018 she successfully became debt free clearing $11,489 of debt in 12 months. She writes a personal finance blog, where she shares advice and tips, from the best Brisbane birthday freebies, to her budget updates, her goals, interviews with members of the debt free community and her personal finance journey.

5 small weekday habits for you to hack to find an extra $12,740 a year in your budget

Photograph of four Australian $50 notes and on the right hand side the statement, Five weekday habits to find an extra $12740 a year in your budget

Small habits can really add up. This year I am more focused with wanting to buy a house at the end of the year and I thought I’d share with you how I have applied behavioural economics theory to change some of my weekly routines to hack my budget. Here are some items I change up most of the time to find extra money in my budget. These 5 small tips to find an extra $245 a week or $12,740 a year in your account for travel, paying debt or saving for a house! Disclaimer: I’m a millennial so I defo still budget in brunch at the cafe with friends once a week although I’m a sucker for bacon as opposed to avocado.

Book club: Work Strife Balance

Photograph of Mia Freedman's book cover for her book Work Strife Balance. On the left land side it states Mia Freedman, Work Strife Balance: three takeaways to fuel my financial journey - The Economiss

Nothing boosts me up and inspires me more than a great podcast. Mia Freedman is the owner of the world’s largest female podcasting network with a range of shows go across a number of areas from work and career, health, politics, fashion, art, parenting. Where does this book review fit on a website that is curating resources and creating a new narrative for millennials and finance. The answer is everywhere! Today I will delve into three important messages I got from Freedman’s book, Work, Strife, Balance that have fuelled my financial journey.

Beauty on a budget

Beauty on a budget

Did you know as well as a gender pay gap of 15.3% in Australia women are also expected to pay more for our deodorant and razors too? Every woman uses between 10,000-12,000 disposable menstrual products a lifetime and while men’s Viagra is GST free women are expected to pay GST on tampons and pads. Not the Economiss, This week’s article has some quick tips for women about beauty on a budget!

Book club: Slow Clothing

Book club: Slow Clothing

How often do you buy new clothes? What do you do with your old clothes? Do you know what your clothes are made from and who makes them? I bumped into my neighbour, Meg, and she shared with me her new business, Robe & Crown a business where Meg is selling high quality, natural fibre, second hand clothes. In our conversation we got talking about the Slow Clothing movement and Meg lent me her friend Brisbane based entrepreneur and author, Jane Milburn’s, book Slow Clothing. I had seen Jane speak at the 2016 QUT TEDX event and feel quite a lot closer to the ideals she speaks about after I visited India and the garment factories for work with my clients in 2017. This article provides an overview of three lessons I learnt from Milburn to apply to my personal finance journey: repair items, repurpose items and do your research.

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.