Planning and budgeting. Budgeting and planning.
Welcome to life in your thirties. There is never enough money since it just goes straight back out the door.
There is a big argument in politics this week about the recent interest rate hikes form the banks which have almost doubled in the past year and how savings rates are still on the floor.
It makes no sense that the banks are charging twice as much to loan out money but are not giving any extra to the people providing the money in the first place.
My $10k in the bank is earning nothing every month but losing value every week that it's sitting there. On the other hand the bank are making hundreds a month off that same money.
It's crazy.
At the moment we are focused on two big events happening in the next couple of years. A new house and a wedding.
The new house is going to set us back about 459k and the wedding another 50k.
That's a lot of dosh and big loan that we're going to have to take out. Since we already have a mortgage on a small house at the moment it's a bit complicated but I'm going to view and old house in the area this week that could be renovated.
It's 235k and another 150k would make a nice job of the site. I would rather a ready to go house but there are none for sale around here right now.
Either way it's about saving every penny for the next year or so and try to make these things happen.
If we could get the house sorted this year it would give us some breathing space for the winter to save as much as possible.
It might sound silly to watch the pennies but that is how you make the big numbers happen. Cutting out that $10 from your weekly shopping and it's $520 into the pot.
Cancel that Spotify subscription and it's another $120. Cut out a few date nights and you have $500 right there. It's just as nice to go for a walk and a coffee. Movie night in. It all ends the same way regardless.
I should get a big jar and keep taking photos every week as it fills up from all of the spending that we cut out. You wouldn't feel a few thousand euro over the winter just by making a few small cuts.
Then the other side of the coin is to earn a little bit more when and where you can. Most of mine will be online but there are always short jobs for cash if i have the time and energy.
Even before that I can make sure to post on hive every day.
I spent the weekend rearranging my splinterlands cards for more rental income. It took a few hours but should pay off once land goes live and my higher PP cards become more valuable.
Keep adding to my HBD savings account every week and build funds that way. Compound every account and have it producing some returns every day.
You can earn more money or spend less but it's the combination of both that is really powerful.
That is what will help me achieve my two big goals in life right now. That and my fiance as well. She is coming around to a better way of thinking now that she has the same tow goals in mind.
Less shopping, more saving.