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Day 66

August 1st, 2018 at 02:12 am

Payday. There are 5 paydays this month. I went to Veggie Boys and bought over 2 kilos of carrots for $2.49 and just under a kilo of kiwifruit for $1.87. I also went to New World and bought 2 liters of canola oil for $5. That's all I need for the rest of the week.

I transferred $300 from my check account to my emergency fund. Now up to $2,383.38

Day 59

July 25th, 2018 at 02:16 am

Payday. I picked up my prescription, $15.

I want to change my broadband plan but can't ring the 0800 number from my cellphone. Today I got to a landline but forgot to bring my account no with me. They couldn't find me under my name or cellphone no, and their system doesn't search for addresses. So I'll have to ring back next time I get to a landlne.

When I pay bills I enter the amount rounded up to the nearest dollar n my checkng register, for ease of math. This morning I balanced the account and realised I have $28.86 more than I budgeted. Think I'll leave it in there as a buffer.

Day 45

July 11th, 2018 at 01:36 am

Payday. A whole $289.61 into my account. The electrician's bill finally arrived so I paid it right away, $222.63. Still left with well over $2,000 in the House maintenance a/c.
I had almost $500 in my check a/c so transferred $400 to my FFEF. I now have $2.082 in there.
I went to Knit Squad this afternoon and made a gold coin donation. I also put a dollar from my misc money into my Trans Siberian trip money tin. If I put a dollar in there every week I'll get there in a hundred years! But if I don't start saving something I'll never get there.
And I bought another cabbage and 4 cans of beans at a dollar each. It's a good job I like cabbage, and it can be cooked in so many ways.


April 7th, 2015 at 11:39 pm

Today I increased the excess on my house to $5,000 and lowered my premiums by $300 per annum. I can afford to pay for small repairs, i'm only insuring against catastrophic loss. I have only made one claim in the last 30 years.

A dime at a time

March 31st, 2015 at 10:08 pm

I happened to be at the other end of town today and while I was there I looked in their local supermarket. Prices are around .10 cents per item lower than mine, but i didn't want to carry a whole load of stuff home on the bus. I did buy 2 kilos of salt for $1.90 and put the saved dime in my change jar.

Ten Grand

February 17th, 2015 at 11:59 am

Yay! my FFEF is completed, I have $10,000.89 in an online savings a/c, earning 3.15%, just for emergencies.

Let it rain

February 5th, 2015 at 12:05 pm

I was going to buy a new raincoat, but decided fully funding my EF took priority, so transferred $113. I am now tantalizingly close to my goal. What else can I postpone till nearer winter?

Tomorrow is payday

February 2nd, 2015 at 08:34 pm

So I cleaned out my wallet. $5 to Christmas Club, $5.80 to House repairs/renovation a/c

52 times 2

January 28th, 2015 at 11:21 am

I am having such fun with the 52 week saving challenge and seeing the money mount up in my Ef, that I am starting another one. This time I will be saving cash, starting with $1, to spend on my trip to India. As I will be going in December, I won't be doing the full 52 weeks, but i should get over $1000.

Bit by bit

January 25th, 2015 at 09:56 pm

Another $8.40 into the House a/c. Total is now $3,338.70. Hoping to get up to $5,000 by the end of the year.

Loose change

January 11th, 2015 at 09:05 pm

I had $15.30 in my change jar. I was going to save all year to see how much it added up to, but i don't feel comfortable keeping lots of money round the house. Someone my steal it, or I may steal it from myself. Besides, I want even the tiniest little bit of interest earned on my money. So i banked it in my House account, which is the one I use for repairs and renovations, replacing appliances and all the sort of thing. I currently have $2,298 in it.

Christmas in January

January 8th, 2015 at 07:59 pm

This morning I put $5 into my Christmas Club. Never too early to start preparing for the holidays.


January 5th, 2015 at 09:01 pm

today I spent 0, and found .20 cents to put in my change jar. I now have $12.30 in there.

52 Week Savings Plan

December 23rd, 2014 at 11:31 pm

I'd heard about this but hadn't gotten to doing it. Today I got given some Christmas money so I'm doing it in reverse. Just made my first $52 payment into my EF, which got sadly depleted this year, but still had some money in it, so now I have $2,449. I also have almost $5,000 in my Travel account which will pay for India, and I'm putting some aside for renovations at the new house eventually, only $10 a week at the moment, so will add the loose change to that account, which is also just over $2,000.

Saving change

December 22nd, 2014 at 11:04 pm

I have this big jar, the kind bodybuilder protein supplements come in, and my intention is to fill it with all my change from today till next Christmas. This will not be easy, since i'm planning on cutting out all non-essential spending I won't be going shopping very often, so I shall beef it up by adding my $1 coins. I put $4.20 in it today, but as the house is now full of all sorts of goodies, I shouldn't need to buy anything until the end of the year. Wow, a whole week without spending anything, wonder if I can do it.


September 8th, 2012 at 11:47 pm

I used to keep a buffer of $1000 in my bill paying account. Kinda baby emergency fund, a la Dave Ramsey. Now that I have almost $10,000 in my FFEF that is unnecessary. I decided to keep $500 in there, as that is roughly the amount of my monthly bills, and transferred the rest to my Financial Independence account.

More money

August 28th, 2010 at 12:01 am

The interest rate on the account my FFEF is in is increasing .25% to 3.75% pa. This gives me another dollae a month income on my current balance. I'm not going to spend it, but leave it to keep up with inflation.

The little engine that could

August 16th, 2010 at 12:17 am

I knew I could I knew I could...

save up nz$5,000 in my travel fund

chuff chuff chuff...

I'm spending next July in Britain


I'm back!

May 29th, 2010 at 02:34 pm

Sorry to have been MIA so long, but I had a bad fall and am slowly recovering. Medical costs have been quite high, and I had to cut back work hours, but I am happy to report that my 2010 goals are progressing nicely. I now have saved up $5,000 for my FFEF, am putting aside 8% of my pay into Kiwisaver, and am working on the travel to Britain fund.


February 27th, 2010 at 12:07 pm

This month's frugality has worked out well - I had a surplus of nz$500. I put $100 in the house maintenance account and $400 in the EF - and spent $2 on a packet of cookies to celebrate.

Ring ring

December 14th, 2009 at 09:46 pm

This morning I switched to a new package from my phone company. By combing my phone and ISP in the same deal I get twice as much Broadband, with no overage charges, and cheap calling rates to NZ and Australia any time of the day or night. Plus I'll be saving nz$1.30 a month. I decided to get rid of the call waiting feature too as I never use it - I think it's rude to ask someone to hang on while you talk to someone else - so that is another .50 cents a month saved. Yippee, 22.60 a year.


September 4th, 2009 at 12:22 am

The weather has been so warm the last few days I didn't need to have the heater on. Yay for coming summer and lower power bills.


July 30th, 2009 at 01:45 pm

Piled higher and deeper. In cash, that is. This month I had 3 biweekly paydays and 5 weekly paydays, plus tax refund, so nz$1563.91 going into the a/c. That seems like sooo much money after what I've been living on. I now have $1482 altogether in my various sinking fund categories.

Repairs 968
Xmas/gifts 18
Medical 117
Clothes -20 (how did that happen?)
Dentist 193
Travel/hols 195
Entertainment 11

I have a trip to the dentist coming up soon, otherwise I'll just keep piling the money up.

Cash savings

March 26th, 2009 at 10:58 pm

I started the week with nz40.30 in my wallet. At the end of this week I still have $16. I didn't carry my ATM card with me - if I think I've got lots in checking, I'm too tempted to use it. But cash is great; you can see it disappearing.

So another $10 for the EF, and the rest in Christmas savings.

Paying myself first

March 24th, 2009 at 11:10 pm

I have set up a monthly payment of nz$100 to be transferred to Bonus Bonds. It came out today. Otherwise nothing to report.

End of the week

March 19th, 2009 at 11:12 pm

All I spent today was nz1.20 on chips as a treat for myself for being good this week. I still have $11.30 in my wallet, so will put $10 in the EF and the rest for Christmas.

12 months later

December 30th, 2007 at 10:05 pm

I will probably be the first to bid farewell to the old year and see in the new, so time to sum up the year's achievements and consider what lies ahead.

Balance sheet
Cash 44
Check 22
Bill payer 385
House repairs fund 185
Online a/c 317
Emergency fund 3,400

Difference from 31 Dec 06 - saved 779. In addition I paid 1040 into retirement savings. So from a piddling income of just under 12,000 I saved 15%. I am quite chuffed with myself.

I didn't reach my goal to have 5,000 saved in the EF but that was because I had an emergency! Despite the difficult year, things have improved overall. Next year I will be wanting more liquid funds to cover expenses of selling and buying a new home and shifting. I also have 5,000 in the Credit Union for a trip to Britain. It looks like it will be a year of blackbelt tightwadding and one month of living it up in July. I am going to blog more often to keep me on track, maybe start listing my daily expenses. Today was a no spend day apart from .20 donated to a charity box.

Kiwisaver (longish)

July 3rd, 2007 at 02:04 pm

Kiwisaver is the name of the new retirement savings scheme launched by the Govt on the 1st of this month. I have been checking out info, and it seems worth joining. You can contribute up to 8% of your earnings, with up to 4% employer match, plus an initial boost of $1000 from the govt, and tax credits of up to $1040. Slightly more complex than letting it grow tax free, which would be my preference, but nothing is perfect in this world. Of course it would be perfect if I ruled it!!!

There is a range of approved schemes you can choose from; I picked one up from my bank this morning, which offers 5 funds, from conservative (mainly fixed interest investments) to aggressive growth (nearly 100% shares). The management fees are reasonable, around 1% in total, and investors who itemise claims can get reimbursement. I already have some retirement savings in a private scheme which is a growth fund, but now I'm in -erm, "late youth" - maybe I should look at starting a balanced fund. You can get an age appropriate scheme which will transfer you based on your expected retirement date, but there is a transfer fee. Still got to consider whether saving that is penny wise, dollar foolish. Also, all I have heard so far seems to be based on someone working a regular job for a single employer. Don't know where that leaves self-employed, freelancers and temps - much of my past working life was spent on short term projects, which is why I had to be careful to put a portion of all I earned in a private scheme.

It amazes me how many people seem to be so resistant to putting anything into Kiwisaver. There seems to be a feeling of "this is just another ploy cooked up by the govt and the big money interests to rip us off." Well, maybe it's not so generous as people expected, but if you put nothing into it, then you'll find what you get from the govt at retirement isn't very generous either - and you will have ripped yourself off. It is mostly the lower earning people who argue this way, the higher earning people are quite keen to join, and if they object, it's becuase they have other ways of investing their money, or they project earlier retiremnt and don't want to tie up their savings until they're 65.

The other big argument, of course, is I can't afford it. I have 2 friends who smoke; one is earning a low income but is doing his level best to quit so he can save money. The other argues that the pleasure she gets from it is worth "only" $18 a week, and anyway she has a high earning husband who she's sure will look after their retirement. That $18 a week invested in Kiwisaver would come to around $100,000 by retirement. Meanwhile she continues to buy clothes and lunch out whenever she wants - then complains she "has" to work at a cr@p parttime job in order to support her family. Her lack of logic drives me crazy, but maybe I'm a smallminded person - was it Emerson who said consistency is a hobgoblin of little minds?

In the meantime I'll be a patriotic Kiwi - so glad our govt isn't telling us we should spend more for the good of the country.

The value of savings

January 5th, 2007 at 11:12 am

I haven't mentioned I started the new job this week. They suggested I come in from 2-6, but I found I could complete the work in only 3 hours. Since noone is around to supervise me, I could be dishonest and pad the timesheet. Of course I don't do that, but it means I am earning less money.

I also found out that I am not getting paid weekly on this contract, but in a lump sum at the end. So it is a good job I was able to put aside so much money last month. I can't imagine how I would cope if I lived paycheck to paycheck.

Feeling Better

December 31st, 2006 at 01:11 pm

Thanks to the kind comments in response to my previous post, and - ALSO -

I've been totting up last month's spending.
INCOME nz$1437.49

Electricity 134.00
Property taxes 90.21
Insurance 48.78
Phone 47.65
Internet and computer 27.95
Grocery 89.20
Entertainment and Dining out 28.20
Clothes 12.76
House and garden maintenance 25.54
Xmas gifts 39.44
Donation 35.70
Medical 29.00
Bus fares 10.00

TOTAL 618.43
Savings 819.06
Whee! I saved over 50% of my income last month. Maybe I don't need to cut back as much as I thought. I also reflect that much of what I used my savings for was family emergency and house repairs - exactly what it was there for. Plus I didn't touch my retirement savings or go into debt. Last year was tough, but I coped, and I think this year will be a lot better.

Anyone want to see one of those reality shows where people from different walks of life swap places? I'm volunteering to trade with a politician or a Treasury economist for a week Wink

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