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7 Dec 2014


To those new in this blog, This is my personal finance journal where I track my monthly spending. I just cannot believe that I last did this in June 2013. At the time my goal was to spend 60% and invest 40% of our income to help me (and hubby) to retire comfortably in our early 40s. Well that has changed a little bit. Retiring early is still our top priority but 60% has now become 50%.

It has been a very busy year. After paying up our last homeloan we went back to the banks and opened three new mortgages. And as most of you know, I am back at work and not miserable at all. Back in June 2013 we managed to live on 52% of our income. I really live well when I do this expenditure tracking stuff. I also enjoy it after a few months of starting because my spreadsheet is already set with fixed income and expenditure and formulas. November was a good month in that, we had a higher than norm income. We managed to live on 48% of our income.

Our November 2014 monthly spending and budget report:

Real Estate11% 33% Target is 25%. I only use NET (after costs).
Personal Income 49% 46% We are working on growing other income streams to bring this lower.
Interest/ Dividends 0% 2% Target is 10%. Our emergency fund interest was too low.
Online Income 2% 19% Target is 10%.
Other 38% 0% We got surprise money this month, skewing the results a bit.
Interest on my Emergency Fund is 5.25%, and the fund kept low. My stocks have been reduced by the huge sale we had to raise some funds.

Real Estate 20% 34% Still due to renovations.
Transportation 3% 0% Fuel, insurance, hubby's tiny installment
Online 2% 0%
Internet/ Phones 2% 1%
Consumer 8% 4% Includes food
Credit Card, Cash & Fees 7% 0% Hubby used his credit card to fix the car.
Giving 5% 7% This should be at around 10-12%.
Life Insurance 0% 1% Fixed
Invested 52% 48% We paid most of it into the Money Markets. I no longer top my Just Invest (Nedbank) savings up.
We lived on just above 50% of our income in June (comparing to 20% in May). Our Net Worth impressively well.

TRACKING 2013 GOAL PROGRESS (These are outdated; I will change these after setting new goals for 2015)
  1. MAIN GOAL: net worth growth by at least 25%.-- 23% so far.
  2. BUDGETING: invest at least 40% of income.-- 50.8% so far.  
  3. EMERGENCY FUND: 3 months worth of living expenses.-- DONE.
  4. GIVING: give of more than 10% of income.--5% so far.
  5. REAL ESTATE: Construct at least 4 flats/ increase the rental income by 30% .-- not yet.
  6. MORTGAGE: Pay up our home .-- DONE.
  7. STOCKS AND DIVIDENDS: Get at least R12,000 in dividends.-- not yet.
  8. EXTRA INCOME: Online income to R8000 per month by December 2013.-- +/-R3700 April.


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