I thought I’d had a pretty good month in May, but I managed to top it in June. Read on for more…
For last months report see here.
Below is the breakdown of my spending by category as well as the relative % of my total spend for the month.
Spend minus savings: $2,339
- Health consists of my health insurance & medication
- Utilities this month was gas and phone/internet.
- Auto & Transport includes car insurance, petrol, public transport to work, parking etc
- Gifts was a $10 donation for a morning tea charity thing we did at work. I meant to call that ‘Gifts & Donations’.
I managed to have my lowest spend month so far this year which is suprising because May was my lowest spend and I managed to top that again. I had the lowest spend again on ‘shopping’ which includes entertainment, stan subscription, movies/books and any purchases such as clothing/decor. I spent $192 this month compared to an average of $302/month over Jan-May.
Compared to 2018, I am $4,554 ahead for the year so far. From Jan-June 2018 my total spend was $20,745 whereas between Jan-June 2019 it was $16,191. I think that’s a pretty good effort! That figure is based on actual monthly spend and doesn’t include any money put towards savings or sinking funds.
Below is the actual spend by month for 2019 so far (again excluding savings and sinking funds).
Savings & Investments
During June I put $2,319 or 50% of my total spend towards savings accounts, which at the end of the month totalled $27,183 for both my emergency fund and savings (not including my sinking funds).
I’ve changed the savings goal that you see in these pictures every month to $80k as this is the amount I need for my tiny home dream.
I haven’t added to my portfolio in June. My ETFs saw an increase of 4.2% or $399 approximately over the month. This table shows the growth since purchase in November 2018.
I checked my score on three major websites: Get Credit Score, Finder and Credit Savvy. My score increased and finally matches on two of the sites. It’s now sitting at 735 on two and 720 on the other. The difference is because they use different credit reporting organisations, two being Equifax and the other is Experian.
Between April 2018 and April 2019, my score has increased over 200 points.
Do you know what your score is? If you don’t feel free to check yours with Finder via this link for free and you’ll also get a $5 Woolworths gift card just for checking your score.
Just so you know, I’ll also get a $5 gift card too! (This is for Australia only)
My current balance (as of 15/06/19) was $52,965. My salary sacrifice of $200/month pre-tax has really started to make my balance pick up. I’m averaging a gain of about $1,500 per month increase compared to about $400/month before I was salary sacrificing. It seems to be really helping my balance.
I earned $1,009 above my usual wage from my job through various sources including:
- Writing jobs via Get a copywriter
- Selling items through Facebook Marketplace
- Savings account interest from my ING Savings Maximiser account
- Work bonus from my old job (part of a yearly bonus)
- 5x $5 Woolworths gift card scheme
How was June for you? I’d love to hear if you saved money or paid debt?
Let me know if there is anything else you want to see in these reports.