My income is approximately $1,900 a fortnight, not including royalties, which come every 6 months, but they are not a huge amount anyway. Some fortnights I earn more, but this is a safe average.
My expenses are:
House – $600
Food – $250
Petrol – $50
Speech Therapy – $270 to $520 depending on if both daughters attend and a couple of other things
Health insurance – $80
Car maintenance/insurance/rego – $50
Gas/electricity/water – $120
Phone/internet – $55
Preschool – $50
Sanity – $20
Savings – $205
Miscellaneous – $150
As you can see my total takes me right up to my income. The miscellaneous section includes clothing, entertainment, unexpected school and medical expenses, my therapy etc. It essentially sits in a savings account until needed.
I have some ways to reduce my food bill. I am gluten intolerant and we try to eat mostly fresh fruit and vegetables so that can push up the food bill, but there is room for improvement.
I am looking at learning how to do my own service, but am going to weigh up if the time it takes me is more cost effective than getting my mechanic who is really good do it.
I know my gas, water and electricity could all come down. I am looking at thermal cooking as well as more solar cooking now that the weather has warmed up. I’ve been using my oven a bit of late and this was reflected in my last bill.
I will be switching internet plans as I am on a higher plan than I really need. Some months I was using the whole amount, but I know I won’t be any more and with my provider if I go over they don’t charge extra, instead the speed just drops.
Preschool is $50 a fortnight, but obviously it is not an expense during school holidays. I have kept it at $50 as I need to get school uniforms and supplies for my older daughter, plus next year my younger daughter starts preschool and it will be increased to $60 a week instead of what I currently pay.
So that is where it currently sits. What would you do differently?