It’s said that success isn’t a straight line and the same can be said for the state of my personal finances. Having been quite strict with budgeting and saving, over the past six months I’ve found myself falling asleep at the wheel. I became more relaxed about using a credit card and found myself dipping into my savings as I began living paycheck to paycheck. We always had more than enough to pay our bills and mortgage and my superannuation funds continue to grow, however I wasn’t actually saving anything in immediately accessible funds, which made me feel like I wasn’t making any progress. (more…)
I was looking at my budget and realised that after the mortgage payments and utility bills, insurance premiums were my next largest expense. I thought it would be a useful exercise to consolidate the various policies and tally up the premiums to put things into perspective and to show what my breakdown of insurance coverage looks like in my twenties. (more…)
As the regular readers of my blog will know, I’m about to turn 27 soon which means that I have been mentally preparing to turn 30 for the last 6 months. Part of this mental preparation involves ensuring that I get my financial house in order. My early twenties were about getting rid of consumer debt, developing basic financial habits such as budgeting and salary sacrificing into my superannuation to make the most of compound interest. My partner and I also bought an apartment last year and since then I have been trying to build up 3 months worth of savings again. I haven’t quite yet gotten on the investing bandwagon outside of superannuation, but I can’t get trauma insurance out of my mind. I know, it’s a weird thing for someone in their twenties to say. I also would like to start this blog by stating that I do not work for an insurer and this is not a sponsored post, I’m just a twenty-something who happens to be passionate about trauma insurance (this is concerning even to me). (more…)
So, I’m turning 27 in August which basically means I’m turning 30 in 5 minutes and it’s never been more clear to me that I’m well and truly on the bus to grown up town. For one thing, in my new workplace, I’m no longer the youngest employee in the department. I’ve worked full time in office environments for over 7 years, and I’ve always interacted with older employees only. This was something I tried to hide at first, starting out as an 18 year old and keen to earn the respect of those around me, and then entering my early twenties it was something I embraced. But now there are at least 3-4 people I interact with who are my age or younger, I’m finally amidst my generation in the workforce and it’s making me realise that we’re all well and truly ‘adulting‘. Another example of this is meeting with a financial planner who was my age. Call me an age-ist but we were both sitting in this meeting room having a professional conversation and in the back of my mind I was thinking, ‘wow, it’s like we’re both pretending to be grown ups, but he’s my age, he knows that I’m not!‘.
I don’t know about you, but I and the majority of friends my age don’t feel like we’re bona fide adults yet. There are things in life that shouldn’t have to change with age if you don’t want them to. For example, how much fun you have, how passionate you are about what you do, your hobbies and the time you spend with family and friends. However, the looming prospect of 30 does motivate me to get the boring and basics of being a responsible adult in order. Here’s my guide to feeling like a responsible adult who has their shit together. (more…)