Saturday, February 1, 2014
A pinch and a punch for the first of the month - February
Well January was a month of working full time due to staff shortages, some small home renovations, hot weather ( without air conditioning ) and being very unorganised! I often say my year runs from February to November! December and January are lost causes. Anyway my weekend is revolving around getting ready for the month ahead. Not sure how successful I will be but here's trying. A lot of today was spent organising my new budget, in a book, the old fashioned way, just how I like it ! The last few months I have just bumbled through but that has to stop. I have gone from two wages to one part time one and life is going to have to change. It is doable but will require some discipline. All set up so let's see how we go! A few places to make easy cuts so that is a good start.
I saw an idea on either a blog or Facebook at some stage, no idea where sorry, of the 52 week envelope. Each week for the year you put the corresponding dollars in the envelope, ie. wk 1 $1, wk 10 $10, wk 52 $52. The amount you end up with at the end of the year was extraordinary for little effort . I have started so figure that is enforced savings for Christmas.
Please tell me I am not the only one to budget!
And in closing please take a few minutes to check your Superannuation plan as to whether it has death cover or illness cover, take out some life insurance and think seriously about income insurance. We had the forms but they were on the 'to do' pile and was expensive for a 'just in case' scenario.by the time we knew we needed this it was too late, SH's super would of been fantastic when he retired in another 20 years but was sadly lacking in our circumstances. I think our financial advisor let us down terribly but at the end of the day it was our responsibility to ensure we had the right cover, we found out the hard way we didn't :(