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  1. #51
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    Quote Originally Posted by cheeeeesecake View Post
    Below is a copy of my old MONTHLY budget, based on a take-home income of just over 4k per month (48,000 per year). This is a couple of years old - based on our family with a toddler and a baby (haven't updated the monthly budget since then because I use a different format now). We now have a higher income (we now take home around 5k per month/ $58,000 per year), but have 3 children, which means more expenses. We also pay private school fees now, but it's only 4k per year.

    I think wealth is a state of mind. I recognise that our lifestyle here in Australia is incredibly wealthy. I also think I have been lucky (and very cautious!) not to accumulate too much debt & to make pretty good choices.




    Donations/ charity - 10% of income $400
    Groceries $600
    Petrol $320
    Mortgage $1,400
    Electricity $300
    Car rego $120
    Council rates $180
    Water bill $80
    Mobile phone $50
    Internet $50
    Gifts/ birthday presents/ etc $60
    Medical/ chemist/ prescriptions/ etc $40
    Car maintenance/ services $40
    Dinner/ going out/ takeaway $20
    Spending money (incl. clothes, socks, haircuts, etc) $60
    Nappies, baby wipes, kids clothes, etc. $60
    Savings $300
    TOTAL $4,080
    Takeaways/dinner out $20 a month?!?!
    I'm living in the wrong area. I can't get a coffee for me and milkshakes for kids for under $20. My budget would be blown by 10am day 1 of the month. I wish I had the discipline to be so controlled but I just can't.

  2. #52
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    Following - so interesting to read. We will eventually be going down to 1 income so reading about everyone else's expenses and budgeting ideas is a huge help.

  3. #53
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    Quote Originally Posted by Mmumm View Post
    Takeaways/dinner out $20 a month?!?!
    I'm living in the wrong area. I can't get a coffee for me and milkshakes for kids for under $20. My budget would be blown by 10am day 1 of the month. I wish I had the discipline to be so controlled but I just can't.
    Yes this is quite a tight buget I guess, so takeaway once a month would be hot chips from the local takeaway shop (about $10 for chips for 5 people, drinks etc from home), or we buy a hot chicken for $11 & have chicken & salad (& then I use the chicken carcass to make bone broth), etc.

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    Mmumm  (21-04-2016),Rose&Aurelia&Hannah  (21-04-2016)

  5. #54
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    Default I

    Quote Originally Posted by cheeeeesecake View Post
    Yes this is quite a tight buget I guess, so takeaway once a month would be hot chips from the local takeaway shop (about $10 for chips for 5 people, drinks etc from home), or we buy a hot chicken for $11 & have chicken & salad (& then I use the chicken carcass to make bone broth), etc.
    ETA - I would pack a travel mug of coffee & go to a park instead of having coffee out. A coffee out with the kids would cost us at least $20 too. I tend to meet at people's houses or parks etc instead of cafe's.

  6. The Following 4 Users Say Thank You to cheeeeesecake For This Useful Post:

    babyno1onboard  (21-04-2016),BornToBe  (21-04-2016),Mmumm  (21-04-2016),Rose&Aurelia&Hannah  (21-04-2016)

  7. #55
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    Quote Originally Posted by Sonja View Post
    I agree with @ExcuseMyFrench. I struggle to wrap my head around budgets for things like take always for $20 a month. What kind of meal would that actually be?
    For my family (7 people)
    I could do pizza for that or just chips. But about it.
    For $30 we can do fish n chips.
    For Chinese etc... it would 40 to 50.

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    cheeeeesecake  (21-04-2016)

  9. #56
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    Gosh it must be budget take away I'm in Sydney. We only really get Thai takeaway but it is always at least $50 for 5 people and that is with my 3 children sharing 2 dishes.

    Normally our order is

    2 x chicken fried rice
    1 x pad suki or similar
    1 x chicken garlic and pepper or similar
    1 x steamed rice
    1 x spring rolls or money bags

  10. #57
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    Quote Originally Posted by witherwings View Post
    Our mortgage expenses are massive.. MASSIVE. But we own 5 properties (4 investment properties in Bondi beach and our house in Sydney's North shore, minimum house price here is 1.2m - for those that wanted context, but we bought our house when prices were lower). The investments are all positively geared. The extra cash from the investment properties helps with our home loan.
    I am impressed! How did you manage to secure so many properties?

  11. #58
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    Quote Originally Posted by cheeeeesecake View Post
    ETA - I would pack a travel mug of coffee & go to a park instead of having coffee out. A coffee out with the kids would cost us at least $20 too. I tend to meet at people's houses or parks etc instead of cafe's.
    I guess a lot of it is down to how organised you are also. I'll admit I'm lazy when it comes to meal planning so will get kids from Childcare/after school care and go for sushi a few times a week to avoid having to cook, clean up then deal with homework shower bed routine.
    I buy coffee and lunch daily at work and a quick calculation I probably spend about $80 on just me 😁! I'm sure my purse and waistline would appreciate me being more organised. I'll make a conscious effort thanks to this thread to be more wise in May and see how I go. Thanks!

  12. #59
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    http://www.esquire.com/lifestyle/mon...-four-numbers/

    just saw this on fb, found it very interesting. 4 different men on 4 very different annual incomes discuss money and lifestyle.

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    MrsMummaButterfly  (21-04-2016)

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    Default If your a sahm/dad how much income?

    @witherwings I agree, our indulgences are a nice car (although we only have one, which we share), nice food & wine (although cut back on that a fair bit since bub) and as much travel as budget/time allows. I don't spend much on clothes/shoes/makeup either. I'm pretty partial to a nice handbag though 😜
    Last edited by turquoisecoast; 21-04-2016 at 09:25.

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