+ Reply to Thread
Page 6 of 20 FirstFirst ... 4567816 ... LastLast
Results 51 to 60 of 198
  1. #51
    Join Date
    Sep 2009
    Posts
    3,377
    Thanks
    820
    Thanked
    1,104
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    You guys have officially inspired me with all of your saving stories. Hopefully it's okay if I join in too! DH and I had a pretty big argument last night about our finances - he's a good saver whereas I am not which has been a bit of an issue at various times. I find that we track our spending for a while, do a budget, but then nothing ever comes of it. DH is great at choosing "needs" vs "wants" but unless I have a specific saving goal and some specific ideas to get to that goal then I just spend without thinking and we are back to square one. I find I am motivated for a while but then get bored with it all (think it's a bad personality trait as I am the same with my weight loss goals)

    At the moment things are a little up in the air as we are going away in about 8 weeks so budget will be a bit all over the place until then (particularly as we need to buy some summer clothes for DD and I before we go, and something for DD to wear to my sister's wedding, and various other bits and pieces).

    So, rather than setting a specific saving goal in dollars, I am going to come up with 10 ways I can save money on a weekly/monthly basis and see how much I can save that way. I have only started thinking about it today, but so far I have

    1. No more 'V' - this habit costs me at least $15-$20 a week most weeks
    2. Limiting buying lunch at uni to once per month (I am only there 2 days a week but often buy my lunch)
    3. Parking off-campus and walking to uni when the weather is okay (saving of up to $15 a week)
    4. Minimising car use where possible - at the moment I use about $50-$60 per week in petrol. I plan on walking to the local shops/park where possible, and just being more careful to limit my car use.
    5. Grocery shopping:
    - Shopping at Aldi rather than Coles/Safeway for most things
    - Shopping at fruit and veg shop/butcher rather than supermarket

    I am sure there's heaps more which I can add to my list. Will speak to DH tonight (assuming he's talking to me now) to see what he has to add.

    Thanks again for the inspiration - I will be checking in to see how everyone's going and will update my list once I've spoken to DH

  2. #52
    Join Date
    Apr 2006
    Posts
    8,705
    Thanks
    581
    Thanked
    647
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Max- I was the same. Got very bored with the whole 'saving' thing after a few weeks OR something would 'come up' and there goes my savings!

    My advice? Celebrate the little accomplishments. Have a weekly savings goal- say save $100- of you reach that than celebrate with a party night. All it takes is home made pizza, spiders (fizzy and ice cream), popcorn and a movie!

    I just reached $1,500! It's a great achievement! I will be celebrating!!!

  3. #53
    Join Date
    Jan 2008
    Posts
    8,245
    Thanks
    1,772
    Thanked
    2,017
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    100 Posts in a weekBusiest Member of the Week - Most posts for the week ended 19/6/2014
    I just reached $1,500! It's a great achievement! I will be celebrating!!!
    Thats awesome! I have cracked just over $12k this week so with tax time money i will come very close to my $15k goal.

  4. #54
    Join Date
    Sep 2009
    Posts
    3,377
    Thanks
    820
    Thanked
    1,104
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Congratulations on reaching your goals Extraordinary and HarvestMoon!!!

    Extraordinary, I think your tip is a great one - as soon as we get back from our holiday the savings mission really starts in our house so I will implement a proper weekly goal then. For now I am hoping that my 10 ways to save money (which has actually turned in to only about 7 ways to save ) will keep me motivated until our holiday. We have had to dip into savings to pay off our credit card the last couple of months, so I will know that we're doing okay if we can pay off our cards in full without dipping into savings. Anything on top of that is a bonus at this stage.

    Widget, I get what you mean about being confused!! When you put it like that it does seem like it would be good to have some money in your ING account. But at the same time I know that everyone always recommends paying off debt first - are the interest rates you're paying on your debts higher than the interest rate you'd get on your savings?

  5. #55
    Join Date
    Jun 2006
    Posts
    21,787
    Thanks
    566
    Thanked
    301
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Well, I managed to put away $100 this week, though I still have an elec bill to pay which I've gotten an extension for and only have about $120 left in my every day account that has to last til next Monday, so hopefully I won't need to use any of my savings. Next pay I should be able to save a bit more as long as I budget right and nothing unexpected comes up.

  6. #56
    Join Date
    Oct 2008
    Location
    Perth, Western Australia
    Posts
    120
    Thanks
    0
    Thanked
    1
    Reviews
    0
    wow guys, it is sooo good to see people really trying to save money.

    I here so many stories of the complete opposite.

    I have a little background in finacne management and just wanted to pop in and offer a little advice.

    It is really really good to see people (especially low incomes) trying so hard to save and get them selves in a better positon.

    One thing that might help in the longer term (short term it dosn't always feel like it helps) is paying off debt before savings.

    Eg credit cards, personal loans etc.....the more you pay off these the better as these will all have higher interest charges then the interest you can earn even on a high interest account. Also it seems crazy but you pay tax on interest you earn in a savings account, so again if you have debt pay that off FIRST.

    If you already have a mortgage, it is worth looking into Offset accounts, or redraw facilities. Eg if you can put all your "savings" off you mortgage and redraw it when you NEED it, in the mean time you are saving interest on your mortgage and depending on amounts this can add up to saving years off your mortgage. (just be careful that you can redraw it in the case you need to and if there are fees for doing so).

    One thing that I try and do, and these numbers are not anything special, what I decided would work for me....I try and save 10% of my total income (for emergencys, and 15% of my income on debt. I put these amounts into my budget and try and stick to it.

    Sorry for the very long post...Hope every one keeps up with saving...good luck every one.

  7. #57
    Join Date
    Aug 2008
    Posts
    7,107
    Thanks
    489
    Thanked
    615
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    im inspired!!!!!!!!!!!!!!!!!!!!!!!!! im going to try and save 100 a week.

    biggest things that will help with this, is no take away, and cooking from scratch with EVERYTHING.

    once i kick my health fund, i should be able to save 150 a week.

    my goal is to have enough money to take the kids on a trip to QLD in january (thankfully tax time will help with this too)!!!!!

  8. #58
    Join Date
    Jan 2008
    Posts
    8,245
    Thanks
    1,772
    Thanked
    2,017
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    100 Posts in a weekBusiest Member of the Week - Most posts for the week ended 19/6/2014
    Eg credit cards, personal loans etc.....the more you pay off these the better as these will all have higher interest charges then the interest you can earn even on a high interest account. Also it seems crazy but you pay tax on interest you earn in a savings account, so again if you have debt pay that off FIRST.
    This isn't always the case. I have a loan where i incur penalities for making too much in the way of extra repayments. So you really need to check out the terms and conditions before doing so.

  9. #59
    Join Date
    Mar 2008
    Posts
    6,728
    Thanks
    663
    Thanked
    862
    Reviews
    15
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Thought I would drop in for an update
    My saving is going.....okay, I haven't managed to put any money away as of yet, as I have been trying to get rid of all my small debts. Which I have managed to wipe, I now only have 3 debts remaining, but they are still quite small in comparison to others debts. $300 power bill, $291 bill and a my largest is a 3k credit card bill, hoping to wipe the 2 smaller ones by the end of next month and then work on the larger one. I have also set myself up a high interest savers account and set myself a budget. and I have cut $50 off our weekly grocery shop I *should* be able to get $100 put away this week

    Congratulations Extraordinary on reaching $1500, hope to be joining you soon!!!

  10. #60
    Join Date
    Nov 2008
    Location
    Regents Park
    Posts
    1,047
    Thanks
    27
    Thanked
    147
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Hi all, we are currently saving for the deposit for our 1st home! We need to save $11000 by feb! It means we have to save about $1000 month plus tax return and any bonuses! We have two lil girls and can't wait to have our own home! Oh and in 2 weeks since saving we have almost $1000!


 

Similar Threads

  1. Bub Hub on a Mission for Dad's
    By BH-bigbadbrad in forum Dads Chat
    Replies: 80
    Last Post: 07-07-2014, 13:59

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Softmats
With so many amazing reversible designs, the soft and cushioned Premium Bubba Mats are the perfect space for all the family. Not only do they look fantastic; you can also enjoy the quality and comfort for years to come.
sales & new stuffsee all
Wendys Music School Melbourne
Wondering about Music Lessons? FREE 30 minute ASSESSMENT. Find out if your child is ready! Piano from age 3 years & Guitar, Singing, Drums, Violin from age 5. Lessons available for all ages. 35+ years experience. Structured program.
Use referral 'bubhub' when booking
featured supporter
ProSwim
ProSwim Rostrevor runs learn to swim classes for children and adults. Lessons are run during the Summer months (Oct-Mar). Our indoor centre at Plympton Park has lessons all year round, including school holidays.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!