Budget Buster: I need glasses!

... and they will cost $560! I've been getting headaches at the end of the day for a while now. And I notice my eyes are 'tired' after working on the computer for a few hours. I just put it down to being a bit stressed and working long hours lately. I did notice that at night when I drive home I was a bit 'squinty' but again I just put it down to tiredness at the end of a long day at work.

Well on Monday I realised I needed to get my eyes checked in a hurry. I looked down the corridor to the waiting room and could make out a person sitting there, but I just couldn't 'see' thier face clearly at all. I had no idea if I was even looking at a man or a woman! Well it gave me a scare to say the least and a reality check about my sight.

Fortunately they stood up and started walking towards me, so I figured it was my next client, and as she got closer her face came into focus. So as soon as she was gone I rang the optometrist and got an appointment the next day. The good news is my eyes are healthy, it's just normal 'ageing'. The not so good news is that I need to wear glasses all the time and it's an expense I didn't budget for. So it will be coming out of this extra payment I'm getting in a week or so.

Frugal Fun: Bushwalking!

I'm trying to find some time on the weekends to relax and enjoy myself with things that I haven't had time to do for the last few years. So finding ways to have 'frugal fun' for less than $20 is one of our new goals. Our frugal fun this weekend was to go bushwalking and it was fantastic! I just love getting out in the quiet and the open spaces. Here are the pics of our day in the Blue Mountains. Our only costs were $12 for a hot meal to warm us up at the end of the day.


We walked for about an hour through the bush, heading downhill towards the valley.







We just strolled along at a leisurely pace and stopped to sit down and enjoy the view whenever we felt like it. It is absolutely spectacular!





Some of the areas had been burned off and there was lots of new growth and spots of colour popping up everywhere.





These bushes below are known as black boys. The bright green of the leaves was a stark contrast to the burned off bush surrounding the area.


There were lots of banksia's, which bring back memories of the Big Bad Banksia Men created by an Australian author, May Gibbs. She wrote wonderful children's stories including Snugglepot and Cuddlepie. Her stories are all based on the Australian bush and they are just beautiful to share with young children. As a child I was quite frightened of the banksia men when playing out in the bush.




There was spots of Wattle starting to flower. This is the bush that Australia's green and gold colours are taken from.





We walked down into a beautiful, quiet gully where the only sound was this waterfall. The smell was so fresh and the water tasted great, really really cold, since we have had snow here lately. It was a lovely spot to just sit in the quiet, and yes that's me in there near the waterfall.




Then we continued on the trail, which was all up hill.




And we just stopped and took in the view when we needed to stop for a breather.





It is just stunning. And it's all free!



You can't beat getting out in nature for frugal fun.

Unexpected income!

I received my final pay from my workplace this morning. As I started going through the details of it for my submitting tax I found a mistake in my allowances. It was just an accident I noticed it to be truthful.

It has taken all day and a lot of emails, phone calls, quoting award conditions and standing my ground, but basically I have been underpaid for these allowances for at least 2 years. When I found the error and contacted them I just assumed that it would be corrected straight away, no problems.

At first they tried to get out of it on a technicality, which stunned me almost speechless. I just don't get why people do things like that? They made a mistake, just fix it, don't try and find a loophole to get out paying me money I earned honestly. Then they tried to blame it on me and I had to write some very long and detailed letters explaining my case.

I don't have a final figure but I expect it to be a couple of thousand dollars which I will probably pay straight off the credit cards. I feel exhausted from spending all day working on solving this, and nothing else got done at all. It shouldn't have happened in the first place but at least it ended well.

Happiness: Now or later?

Are you putting off living your life to the full, and being happy until retirement? Or until you have a certain amount of money, or get the right job? Uglydebty linked to a story about a young couple who are making sacrifices so they can retire at age 40. They didn't sound all that happy to me. Why not enjoy work and retirement? Whats so wrong with working that so many people hate it so much? Or is whingeing about work a habit?

I've read lots of blog posts from people who want to retire early and from people who hate their jobs but insist they are STUCK in them. I think all the focus on early retirement misses point.
It's not early retirement, or a million dollars in the bank that makes someone happy, it's thier attitude.

I'd rather be happy now, AND be happy when I retire. So I work in jobs that I love, and I don't ever see myself retiring completely from work. If I have to choose 45 years of job misery to retire rich I'll pass thanks!

Someone told me a few days ago that I was very LUCKY to enjoy my work, and very LUCKY to have the job offers and choices that I have now. They went on to explain/ whinge that they were still 'stuck' in their job, which they hated, because they have commitments. Like so many others they are waiting till retirement to enjoy themselves.

I used to work with this person 28 years ago, they are still in the same job!!!, still miserable, still blaming everyone else but themselves for their predicament. And most annoying, envying me for choosing to be happy and enjoy what I do! She's in a comfortable rut of misery, and my success challenges the belief that she doesn't have to be there.

I replied that it had nothing to do with luck!

You CAN choose to be happy in your job and in your life, even if it's not perfect, and you can choose to do work towards a career that's personally satisfying. It's fine to change jobs and try new things. Why limit yourself?

Or if you choose to stay in a job that's unsatisfying, find satisfaction outside of work, but don't wait for a future date to be happy and fulfilled. Being frugal does not mean you need to be miserable, or a martyr, or stuck in a job you hate for the next 50 years! As someone wise once said: " get off the cross we need the wood!

I get up every day and love to go to work. I really do. When I stop enjoying it, it's time to move on. In 28 years of working life I have only ever resigned from one job where I had another job lined up to go to. By the time I have worked out my notice (2 weeks) I have always found or been offered another job.

Am I special? No. I really am very average.
Did I get a lucky break? No, I made my own luck.

All I did was work out what I like to do in a job and 'head in the general direction' to get more of it. Whenever I've been offered the opportunity to learn a new skill, or work in a different area I said 'YES'! If you consistently do this you will gain so many skills and you get known as someone who will get in and have a go, so then even more opportunities come to you.

Don't be afraid to try things you haven't done before in the workplace. If you enjoy your work, it shows, and people would rather work with someone who is positive than someone who just whinges about everything (like the person who prompted this post). Who wants to hire a sad sack?

My first job out of university paid less than what my teenage daughter was earning as a sales assistant. A lot of people told me wait till a better paying job came along. But it got me the experience I needed so I took it. That was only four years ago, it paid me $17.80 an hour. Now my hourly rate as a consultant is $110 - $200.

Was it luck?

NO!
I worked hard, I did things that other people didn't want to do.

So why am I all fired up about this? Well, the person who told me I was LUCKY is someone I completed my very first qualification with when I left school at 18. She has no idea of any of the obstacles that I have faced, all of which could have been excuses for me to stay STUCK. And talking with her bought back memories of some other friends I had when I was 18. Friends that didn't get the luxury of having a life and all it's associated problems to complain about.

Mary was my best friend all through high school. We did everything teenage girls do together and often talked about the holidays we would take together once we earned some money. We had both left school only a few months, I had my first job and we were full of plans for the future.

Life looked good at 18!

It was the end of summer. A group of friends arranged that we would go out bowling the next day. I slept in and decided not to go, I planned to call Mary later that night and arrange to catch up with everyone the next weekend instead.

Mary, her boyfriend, and his brother were all killed in a head on smash on the way home from bowling. They were just driving along well under the speed limit, when a car crossed two lanes and hit them head on.

Mary didn't get a chance to do any of the things that she had planned for her life. It was all over in the blink of an eye.

Later the same year another of our friends was diagnosed with a brain tumour. She died before she was 20 years old, leaving a baby daughter.

So these things shaped my attitude to choosing happiness.
Life is precious, and it's short.

So do you give up because it's short and sometimes it's hard? ...

Do you join the ranks of the whingers and blamers and just avoid suceeding in life because it's risky?

... or do you jump in, and grab Life with both hands and make the most of every moment you have?

After Mary died I knew I could not get up every day and do something that I didn't believe in, or do something that made me miserable every day.I don't know how many days I have, so I decided not to waste any of them, just in case.

I knew I wasn't going to wait till I was old to enjoy myself. Because growing old is a privilege that we shouldn't take for granted. When I want to have a whinge about grey hairs, hot flushes and stretch marks, I remind myself that I have been fortunate to experience the ups and downs of life.

When this person was going on about how LUCKY I was yesterday, I felt really annoyed and I thought of this brilliant post about people who make excuses: Is your but too big?

Don't put off your happiness till later, we can't choose everything that happens to us, but we can choose our attitude.

Wii are sore this morning!

I have aches and pains in places I'd forgotten about! My daughter bought a Wii on the weekend. It was so much fun! After playing golf, baseball, tennis and boxing I now understand why everyone is saying how addictive they are! The boxing was one helluva workout! I just loved it and of course I probably overdid it, so this morning I am paying for it.

This week I start working part time for 6 weeks in another organisation. I'm really looking forward to it. The regular paycheck will be good and it's a great learning opportunity. I will be working in a acute care facility with adults doing some treatment and case management. It will give me a chance to gain some skills in a very specific problem area that I haven't worked with before.

I also spoke to my landlord about the two months rent and my cash flow and it's fine for me to pay it when I can which takes some pressure off.

Anyway I need a hot shower to get the kinks out of me before I head off to work. Have a good day!

Daily Spend
Saturday: no spend
Sunday: $24 food, cleaning products

Rent in advance & frugal food

Cash flow is a problem at the minute which I fully expected. I got my bill for one of my offices last night and the rent, (which was always billed for the previous month) is now billed in advance. So I have two months rent to pay this month instead of one and very little money in the bank. That's one of the problems of contract work, it can take 6 - 8 weeks to get paid.

We are all really aware of trying to spend less and the biggest difference we have made is on food. I've been inspired by frugal trenches great series on Food and Money to 'shop' in my fridge and pantry before I head off to the shops. It makes sense to use up what we have first, and it is saving us money. Really, we don't need to eat as much as we do, or have a big dinner each night, it's just something that becomes a habit.

I'm looking into eating cheaper protein foods, such as eggs, legumes, beans instead of chicken and fish. Saving money by eating cheap carbohydrates like rice and pasta is not good for my health as they cause my blood sugar to rise quickly. So I'm going to be experimenting with some more budget vegetarian meals to try and reduce our grocery bill further.

I found this free, 90 page, book on the basics of vegetarian meals (planning, shopping, cooking etc) which was really helpful.

Daily Spending

Wednesday $19, hardware store, (repair stuff)

Thursday no spend day

Snowed in!

Yesterday I didn't make it to my office. I got snowed in! I headed off only to find that all the roads were cut by snow! It was freezing cold and I was glad to get back home. I spent the day working with hubby on my home office set up and teaching him some of what he needs to know to do my bookwork.
It's funny, we always said we could never work together, but we had a great day! I think it's going to work out OK.

My phone ran hot with problems about a job I'm supposed to do later this week. Then I got a call from a Dr. trying to get me to reduce my fee for one of his patients. I refused. He tried to make me feel guilty. I wanted to ask him if he would be happy to take a 40% paycut because he works in the helping professions and he's a 'nice person'!!!

Yeah right...

It bugs the hell out of me that there are some people who expect that I should take a paycut, and neglect my family, because they are having a difficult time! When I go to the grocery store I need food, I don't ask the store owner to take 40% of the bill because I'm having a tough time! The bank manager doesn't reduce my mortage because he's a nice person and he feels sorry for me!

Before you think I'm cold hearted know that I already do pro-bono work, I reduce my fee by 40% for people on a pension. I'm a business, not a charity! My hourly fee is actually very reasonable, people forget that they are not paying for an hour of my time, they are paying for 25 years of experience, 10 years of university study and a lot of professional responsibility for thier welfare.

OK rant over...

The other thing we have been working on is eating what's in the fridge, and not always having to have a big meal at night. So we've been having toasted sandwiches, scrambled eggs, soup, baked beans on toast ( love em!!). Reducing my food bill is top of the priority list at the minute. I'm also hoping to get a vegetable garden started once the snow and frost finishes.

Daily spending

Saturday: Petrol $66; Food $17

Sunday: Chicken, Bread, Milk $24

Monday: no spend day!

Today I'm going to be rugged up inside, making chicken soup and watching the Olympics.

Budgets for home & work: Done!

I spent the weekend doing detailed budgets for home and for work. I checked all our expenses & spending for the last 12 months and then worked out where we could cut down spending.

To pay all our living and business expenses, payments off the credit cards, university costs and some savings, we need to be bringing in $1200 a week. Anything over that can go be used as extra for debt reduction. I feel better knowing the exact amount we're aiming for.

I calculated the weekly cost of every bill we have and I will transfer this money into a separate account for bill paying. With the business, 20% of what I take in will be set aside for tax and we are going to park this in the mortgage account until it's needed.

Today I am going over to my other office and working on getting it all set up. I can't start with clients there yet as I need some government documentation approved first and they have been pretty slow getting back to me, hopefully it's organised by next week.

Good news for hubby's business, he got a few big orders over the weekend. We are planning a few ideas to increase sales as summer gets closer. He's decided to take on doing all my bookwork and financial records for me and I couldn't be happier! I hate doing the damned stuff! That will free my time up to just get on with the work that brings in the money.

We have to be realistic about his chances of getting employment given the last years efforts. So even though he is still applying for jobs we are making our financial plans based on our current circumstances. We've spent a year thinking that a job would happen soon, and it just ain't happening! So we are going to make it happen for ourselves with self employment and teamwork.

I'm self employed!

Today is the first day of being my own boss.!!
I feel really excited! I have a full days work ahead of me today so I'm off to a good start. Yesterday I was successful in getting my contact rate increased which was a nice win. 10% is a lot of money to lose. Payments from last months invoices are arriving in my account so I hope to be able to pay my first months expenses by this time next week.

I do feel nervous about meeting our living costs but I just have to knuckle down and put in the hours for the next few months. My focus will be on working and that will include some long days for a few months till I build up to a full client load every week.

Financially, I need to plan for superannuation, holidays, sick leave, and training requirements. I also need to build up an emergency fund of three months expenses. But for now my focus is on getting my diary fully booked ASAP and staying healthy.

It feels a bit unreal to be truthful... I sort of can't quite believe I've really done it!

But I'm looking forward to the challenge of runing a successful and profitable consulting business and reaching my financial goals.

Let's get started!!!

Daily Spending

take away food $21

I had a mixed day yesterday. It was nice to go out again with colleagues for lunch. Different location, different staff. We went to a nice pub that does a great counter lunch and had a good time reminiscing.

After work I met up with another colleague who had called me to talk about giving me some work soon. I gave her a lot of my clients and a good contract when I finished up last year, so it's nice that she's returning the favour. But I felt really annoyed when I found out that one of the companies has stiffed me on my hourly rate. The rate I quoted was before GST, but they have written it up in the contract as including GST. That takes 10% of my profit! Bastards!

My other colleagues are all getting the higher fee so I am calling them today, ( I still haven't signed this specific contact) and calling their bluff, either they meet my price or I don't take the contract. I just don't understand why they want to try and rip me off! It really p*sses me off big time that they try and take advantage of people! So some stern phone calls coming up this morning. I refuse to underpaid!

I got my invoices yesterday for a months rent payable in advance on both locations. I don't have it yet, but I should get some money in next week. This is the cash flow problem I've been concerned about. Anyway it will sort itself out. It has too!

So today's my last day at work, I'm just planning on enjoying it to the full before full time self employment starts tomorrow!

Daily Spending:

Tuesday: $19 meat & veggies

Wednesday: $50 Petrol, $7 coffee & cake

The devil's in the detail!

Last night when I got home my husband was busily working at the computer doing his tax. His little business idea has earned a reasonable part time income once the numbers were all crunched, so that's encouraging! But while he was going through the bank statements he realised just how often our family shops at the corner store and was shocked to find out how much we spend there. It's taken the place of the supermarket unfortunately.

He's the main culprit and he cut down for a few months when I first started blogging but then he went back to old habits. I don't go there much now, and since I work full time, the responsibility for shopping & meals falls to him. I was really pleased he has seen it for himself!

I seem to be the one that worries about the money, I always have been. We ended up having a very interesting discussion last night. He never worries about retirement funds, "it'll work out" I worry about it all the time.

I've always been the one who organises the finances, saves, plans ahead and pays the bills. We don't argue about money, we talk about how things are going financially, but we just have different levels of interest and commitment to getting out of debt I suppose. Also he's a spender,live for today person and I'm a saver and a planner. I'm trying to save so I can live well as I get older as well as now.

Last night I realised that in some ways it's a mistake for one partner to take it all on. By taking on the responsibility I've freed him up from knowing the details, not intentionally, but that's just what happens over time. And it's knowing the detail that keeps me on my toes!

So we need to get down to the details a lot more often together. Tracking daily spending is really helping me, I'm going to get everyone tracking spending daily and enter what we spend in a spreadsheet each week for both of us to follow.

Does anyone else find they take on the financial responsibility way more than their partner?

Daily Spending
no spend day 2

A week of long (free) lunches coming up!

Well this is the start of the last week of being employed. I am just writing up a lot of files in between having long relaxing lunches with great colleagues every day this week. And they are shouting me so, no cost! I plan on enjoying this week at work!

I've also decided that I am going to work Saturdays as well until I get rid of the credit card debt. I just hate looking at the balances! Years ago we paid off all our credit cards and for a lot of years lived without them. It was a great feeling and I want that back! So I'm willing to work extra on the weekends to get rid of them. I plan on working pretty hard from now till Christmas to try and get on top of our finances.

I have sent out all my invoices for last month and got my paperwork ready for doing my tax next week. Whatever tax I get will go off the credit cards. I just want to get started on this debt reduction ASAP!

My spending is showing me that we are back in the habit of overspending on groceries at the corner shop. The good news is that once I stop work I will save almost $50 a week on petrol.

And if you want a giggle to start the week read this great post from Single Ma on Flirting & Personal Finance.

Daily spending

Saturday: $22 went to lunch with a friend

Sunday: $43 groceries, $50 Petrol

Progress Report #14

Well this month has been taken up with resigning and getting new business clients. My online income went down considerably after my AdSense ban, and I just don't have spare time to work on online projects at the moment. 

We pretty much used our credit cards to live on this month, for business set up costs, and also to pay university accommodation  fees. Not good, I know but I'm not going to get myself in a knot over it. They will be paid off ASAP.

 This months priority was to stay afloat, and make the move the self employment. I've worked my butt off this month to get everything organised!! And it's paid off with contracts and work offers. 

OK,  I'm taking a big breath and here's the numbers:

Mortgage: $151, 376
Mastercard: $15,010
Tax Bill: $2000
Credit Card: $10,670

The Good!
I received two job offers. I will be doing  6 weeks part time work to help with cash flow.
I have offices in two locations, with good colleagues & nice settings.
I got 13 new clients this month and 3 contracts!  YES!!
My husband got offered a training course that will allow him to do some contract work for  a government funded project.

The Bad
My husband was not successful at his job interview.
Being unable to meet our expenses and getting a credit card

The Ugly
The totals on our credit cards.
Our superannuation (retirement funds) lost 15%!

Financial goals for August
  • invoice $3000 minimum
  • submit tax
  • write up new budgets (home/ business)
  • 15 no spend days
  • get current on all bills
  • set up separate ING accounts for home / investment /holiday
"To guarantee success, act as if it were impossible to fail!"
Dorothea Brande

Writers Cramp

I have writers cramp. I just faxed 57 pages of information about myself (90% of it already in my resume, which I had already sent to GET the work!) to the three companies that I got the contracts with! I mean seriously this is just overkill!

But if that's what they want...

One phoned me yesterday, insisting I get the info faxed back before she gets to work this morning. Then she can give me new clients starting Monday!. "How soon can you see some people?" Of course I told her straight away, and "How much work do you want?"

"well as much as you can send me" I said...

so I won't complain too much about the excessive paperwork...

I have a fully booked day ahead of me, I got another new client yesterday. If I average 2 new clients a week I will be fine financially. So even though my numbers for the month are going to be awful, it's just for the short term.

I'm flat out at the minute... but loving it!


Daily spending:

$6 for two great coffees
$19 groceries

* flat out, means being really ,really busy, it comes from the Aussie saying " flat out like a lizard drinking"!