+ Reply to Thread
Page 2 of 12 FirstFirst 1234 ... LastLast
Results 11 to 20 of 118
  1. #11
    Join Date
    Aug 2013
    Posts
    4,170
    Thanks
    1,265
    Thanked
    2,576
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Awards:
    100 Posts in a week
    @bedlover, your thinking is the same as ours. We are about 2 months of paying off our CC debt (thanks to a wedding!) and will use the CC for all expenses and pay it off monthly.

    What I found very helpful is setting up a spreadsheet. We have a column for each of the different bank accounts and CC and we update it weekly with ALL transactions (income and expenditure) we have made. It makes it very easy to see where cash is going. When we first set it up, we made predictions on all regular costs (rates, electricity, gas, body corp etc) so we could also have an idea of when bills were coming and roughy how much that would be. We now have a separate bill account, and each month we transfer a set amount into that account and that way we alway have the money available to pay that bill. You can still put bills on your CC and then use that same money I pay it off your CC at the end of the month. It has been really good for us because we can also work out when we can pay big chunks off the CC depending on if we have bills due that fortnight/month.

    ETA: we stuffed ourselves up at the beginning by getting engaged/buying a house/getting married without thinking about the financial implications. For a while we were living pay to pay down to the last dollar and we were stressed. To the point where Coles/Myer cards we had received for Christmas/my birthday were being used for groceries and petrol.
    Last edited by M'LadyEm; 07-11-2013 at 12:58.

  2. #12
    Join Date
    Jun 2009
    Posts
    4,109
    Thanks
    1,604
    Thanked
    2,085
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Yes, and we're on a very low income too.

    I use credit cards for convenience, transactions are fee-free and so the cash we do have is earning interest. Then pay them off each month before the interest free period ends.

    I drive a small, older car that is super fuel efficient (live rural so car is essential). I had a car loan once and it was like bleeding money!

    We are saving a home deposit s, having had a mortgage before, I know things will change when we buy. However I am willing to compromise on a lot to ensure we don't overstretch ourselves.

    My best bit of budget advice - stop worrying about what everyone else has.

    Sent from my GT-S5830 using The Bub Hub mobile app

  3. The Following User Says Thank You to Stretched For This Useful Post:

    M'LadyEm  (07-11-2013)

  4. #13
    Join Date
    Aug 2013
    Posts
    4,170
    Thanks
    1,265
    Thanked
    2,576
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Awards:
    100 Posts in a week
    Quote Originally Posted by Stretched View Post

    My best bit of budget advice - stop worrying about what everyone else has.

    Sent from my GT-S5830 using The Bub Hub mobile app
    This, best advice ever!

  5. The Following 5 Users Say Thank You to M'LadyEm For This Useful Post:

    dancingchipmunk  (08-11-2013),Giggle  (07-11-2013),HugsBunny  (07-11-2013),May baby  (08-11-2013),PurpleButterfly4  (07-11-2013)

  6. #14
    Join Date
    Aug 2012
    Posts
    6,023
    Thanks
    5,460
    Thanked
    4,397
    Reviews
    20
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Quote Originally Posted by Stretched View Post
    My best bit of budget advice - stop worrying about what everyone else has.
    That is so very true! I did go through a bit of a stage of hating how our friends had this or that until I learned that they're sinking in debt or they were in a much better financial position than us.

  7. #15
    Join Date
    Jul 2013
    Posts
    251
    Thanks
    135
    Thanked
    93
    Reviews
    0
    Never owned a credit card and never will. The way I see it is if we don't have the money then we don't get the item. We always have a decent amount in savings to cover emergencies etc. We defiantly live within our means. The only debts we have are mortgages for our house and investment property. Each week I budget and put aside money for each bill (electricity, rates, rego petcare, food, presents etc) so when we receive a bill the money is already there waiting for it. I also over budget so usually once paying a bill I transfer the left over into offset on the mortgage. Once I have allocated all the money to the relevant bills everything left over is transferred to savings for emergencies, holidays and treats etc. Works really well and means no stress about how we will pay something.

  8. #16
    bunkx's Avatar
    bunkx is offline Being happy doesn't mean that everything is perfect. It means that you've decided to look beyond the imperfections
    Join Date
    Feb 2009
    Location
    The Hills WA
    Posts
    6,575
    Thanks
    565
    Thanked
    1,252
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Quote Originally Posted by TimeForWine View Post
    Honestly - last year NO - even though if you asked me then i would have said YES YES YES and then listed all the things that i had to pay that were expensive - however - end of last year we actually looked at money coming in, money going out, debts, spending etc - and holy magoly shocked was an understatement!!

    This year YES and our debt mountin is now a hill - and mid next year / end of next year it will be all gone - its very exciting getting on top fo things and realising you actually DO have money for savings - once you get rid of the debt!

    Thats our situation.
    This is the same

    Last year I thought I was even the beginning of this year but the truth was no I wasn't the last few months I have been living within my means and really realizing what things I need and what I don't

    It's amazing what things I thought I need ed and what was worth having

    I do have a very small manageable credit card debit and small car loan which will both be paid of soon so no stress there
    Last edited by bunkx; 07-11-2013 at 13:11.

  9. The Following User Says Thank You to bunkx For This Useful Post:

    TimeForWine  (07-11-2013)

  10. #17
    Join Date
    Dec 2009
    Posts
    621
    Thanks
    133
    Thanked
    147
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Yes we do. We both work very hard and budget and save hard but we also treat ourselves and go out for dinner at least once a month and have enough for the odd luxury

  11. #18
    Join Date
    Oct 2007
    Posts
    22,839
    Thanks
    6,199
    Thanked
    16,883
    Reviews
    10
    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
    Awards:
    Bubhub Blogger - Thanks100 Posts in a week
    Yes. We refuse to buy anything on credit (although it will be different for a mortgage when we get one, who has 250k in their bank?). We save for everything, but we aren't really phased with the keeping up with the Jones stuff so many are wrapped up in. A 70k BMW or a collection of Jimmy Choo's don't make you a good person.... or a happy one. If that was the case no one with money would be unhappy.

  12. #19
    Join Date
    Jul 2009
    Location
    Queensland
    Posts
    8,522
    Thanks
    2,929
    Thanked
    1,661
    Reviews
    36
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    Busiest Member of the Week - week ended 26/9/2014100 Posts in a week
    We do. We don't have a credit card so buy everything with our own money. We do have a mortgage and a car loan but have never missed payments and do not struggle to pay these each month. We also have savings for emergencies/unexpected bills (eg like when hubby's car needed a new head last month) so don't have to stress or worry about where money will come from for these types of things.

  13. #20
    Join Date
    Sep 2009
    Location
    Melbourne
    Posts
    3,708
    Thanks
    893
    Thanked
    2,784
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Yes. We have credit cards but they get paid off each month. We have them for the Frequent Flyer points and also for convenience. We have a mortgage and that's it. We bought a car about a month ago and paid for it outright. DH is an awesome Chief Financial Controller of our household. I'm awful with money and budgeting but he's very good at it.


 

Similar Threads

  1. Does your 4yo know what kill means?
    By BigRedV in forum General Chat
    Replies: 28
    Last Post: 28-02-2013, 22:29
  2. This job means a lot to me :(
    By tarylars in forum Working Hubbers - Employed
    Replies: 1
    Last Post: 18-02-2013, 07:47

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
Bamboo Lulu
Super soft, fun prints & basics for baby, made from bamboo & organic cotton plus non-toxic wooden toys. • Hypoallergenic - perfect for eczema relief • Everything needed to shop for a baby shower • 10% off + FREE gift with purchase. Use code BUBHUB
sales & new stuffsee all
Bub Hub Sales Listing
HAVING A SALE? Let parents know about it with a Bub Hub Sales listing. Listings are featured on our well trafficked Sales Page + selected randomly to appear on EVERY page
featured supporter
Little Rugby NSW
Catch, weave, chase, run, but most of all have FUN! Little Rugby runs a NSW network of fun, safe and non-contact footy classes for BOYS and GIRLS aged 2yrs – 7th birthday.
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!