As outlined yesterday in my January 2013 expenditure tracker post, I am updating all my regular series (net worth and expenditure tracker) after getting back on deck after a brief hiatus from posting.
In February 2013 I significantly underperformed my personal expenditure target and although it looks like I underperformed on my share investment target and outperformed on my home loan savings account target, this was more due to a transfer of funds between the two accounts which I will outline below.
The major causes for the movements in the 3 accounts are outlined below:
On a cumulative basis my performance can be seen below:
In February 2013 I significantly underperformed my personal expenditure target and although it looks like I underperformed on my share investment target and outperformed on my home loan savings account target, this was more due to a transfer of funds between the two accounts which I will outline below.
| Item | Feb 2013 | Target | Over/(Under) |
|---|---|---|---|
| Share Investments | -$8,147 | +$2,000 | -$10,147 |
| Offset Acct. | +$11,217 | +$3,500 | +$7,717 |
| Personal expenditure | +$3,551 | +$2,200 | +$1,351 |
The major causes for the movements in the 3 accounts are outlined below:
- Share investments
- The significant decrease in my share investments was due to the sale of my employee investment plan shares. As these shares carry a guaranteed return it makes sense to sell them almost straight away which is what I did this period
- Offsetting this was my regular investment in the employee share plan for the next period
- The strong run in the share market has meant that I am finding it harder and harder to find shares which offer me the kind of returns that I had seen in the weak share market. In February I did not find any opportunities and so I kept more funds than I would like in cash
- Home Loan Offset Account
- The strong performance in the offset account was due to the sale of the employee share plan shares outlined above
- I also saved a fair amount this month which all went into the offset account rather than shares for the reasons listed above
- Personal expenditure
- As in January 2013, my credit card bill for February exceeded my total expenditure target for a few reasons.
- Whilst last month this had to do with my trip overseas, this month it was related to a high level of expenditure trying to save a relationship. I will do a post on this in due course but it was really amazing how much money I was willing to spend in the last few weeks of my previous relationship
- I also unfortunately had my first ever driving infringement notice which cost several hundred dollars and which really is a complete waste of money
On a cumulative basis my performance can be seen below:
| Item | Jan 13 - Feb 13 | Target | Over/(Under) |
|---|---|---|---|
| Share Investments | -$7,115 | +$4,000 | -$11,115 |
| Offset Acct. | +$12,499 | +$7,000 | +$5,499 |
| Personal expenditure | +$7,565 | +$4,400 | +$3,165 |
As you can see above I am significantly behind already in my share investment performance as well as my personal expenditure. As we are already a significant way through March I know that this is not going to be any better. Around this time last year I reassessed my goals to see whether they were reasonable. I do not want to give up these goals so quickly as I think they are reasonable but I have been less disciplined than I should be.
Anyone who has read my expenditure tracker posts over time would have seen that I almost invariably blow my personal expenditure budget whatever it is. To that end I'm building a detailed spreadsheet to keep track of exactly what I spend my money on. If much of it is essentials then maybe I need to reassess my goals however I suspect that much of it is entertainment. Once I have a bit of data I will do a post on this
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