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  1. #1
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    Default Getting back on top

    How do I get back on top of my finances!

    I feel I can't get back to saving after we moved etc. it's so stressful. 😱

    I'm over spending WAY too much.

  2. #2
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    My only suggestion would be to:

    Work out all your bills for a year, divide by 26 (if you get paid fortnightly) and put that money into another account. Use that money to pay your bills and rent.

    Put some savings into a second account.

    Third account for groceries and day to day necessities eg petrol.

    Give yourself a small amount for play money and only spend that. Once it is gone it is gone.

  3. The Following 2 Users Say Thank You to SSecret Squirrel For This Useful Post:

    3cats1pug  (13-05-2016),Cevapa  (26-03-2016)

  4. #3
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    Default Getting back on top

    I'm in the same situation, especially with credit card debt, and being on maternity leave at half pay isn't helping

    I've started by direct debiting $50 a fortnight (each) into my gas, electricity and water accounts (I know if I put it in a seperate account I would see the credit and use it for something else - currently all 3 are $400 in credit - expecting 3 bills in the next few weeks - there's no way I would have $1200 in credit sitting in the bank, it's too tempting for me to spend or add to the credit card)
    Last edited by Cevapa; 26-03-2016 at 20:38.

  5. #4
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    Default Getting back on top

    When we've needed to reign things in a bit, I've saved heaps by doing little things like:
    - shopping at Aldi
    - reducing the number of dinners with expensive meat cuts
    - limiting takeaway and eating out
    - stop buying coffees when out
    - reduce level or change health insurance provider
    - change to cheaper car insurance and contents insurance
    - read closely over your bank statements to see what's eating up your money
    - stopped running the dryer and aircon
    - get DH to take lunch from home each day
    - look to see if you can save anything on mobile phone/internet costs and stop foxtel etc if you have it

  6. The Following User Says Thank You to bel2466 For This Useful Post:

    RmumR  (27-03-2016)

  7. #5
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    I found budgeting for weekly or fortnightly expenses (we get paid fortnightly) and then take that cash out of the bank on pay day really works. Plus I take cards out of my wallet so there's no opportunity to spend money we don't have. When I'm not "bashing the plastic" but having to pay with real money I'm much more circumspect. Because once it's gone, it's gone. It's very easy to see how much you are spending. It was hard to start with because you feel rich at the start of the fortnight, but it's quickly gone if you are not careful.

  8. #6
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    Bpay direct to phone, elec, water etc - calculate yearly estimate & divide into weekly amount.

    Look at your bank statement and write down what you spend $$ on. Then go thru and strategise where you can save $

  9. #7
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    I do the same. Pay bills fort nightly. Or for direct debits I have an account just for them and every fortnightly pay I put aside half of what I need and by the end of the month (when all my DD come out) the money is sitting waiting. I also pay what I can to power, water , rates, even if it's $20 it's better than a massive bill shock.

    We only go out for birthdays or anniversaries. We set a limit for birthdays our own and parties our children attend. Take food when we head out, as much as possible anyway. We moved private health & home, car insurance. This saved us over $600 a year. Well worth looking into. We only have extras as the Royal in Hobart is the only place for Children in emergency and my kidney issues can only be treated via them too so, that saved us a bit.

    My only struggle is a credit card that I WANT paid off my Nov before # 4 is due... Only $3k to go 😕

  10. #8
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    Quote Originally Posted by jobeh1 View Post
    I do the same. Pay bills fort nightly. Or for direct debits I have an account just for them and every fortnightly pay I put aside half of what I need and by the end of the month (when all my DD come out) the money is sitting waiting. I also pay what I can to power, water , rates, even if it's $20 it's better than a massive bill shock.

    We only go out for birthdays or anniversaries. We set a limit for birthdays our own and parties our children attend. Take food when we head out, as much as possible anyway. We moved private health & home, car insurance. This saved us over $600 a year. Well worth looking into. We only have extras as the Royal in Hobart is the only place for Children in emergency and my kidney issues can only be treated via them too so, that saved us a bit.

    My only struggle is a credit card that I WANT paid off my Nov before # 4 is due... Only $3k to go 😕
    I am having weight loss surgery this year so I will change my phi after that. I'm in tassie too.

    Isn't LGH a kids hospital too? I just downloaded a phone app and did a bit of a budget but I need some more of my details

  11. #9
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    Oh goodluck just with the surgery! 😊
    Yeah pretty sure LGH is too.


 

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