This is my final expenditure tracker for 2013 and uses my reset expectations for 2013. It also continues to be influenced by my smoothed expenditure technique. This month I was good on so many fronts - my expenditure on Christmas gifts remained under control, I invested cash in both the stock market and into my home loan offset account however towards the end of the month in the height of the Christmas season I went a little silly and spent far more cash than I should have on going out and having a good time.
The full details of my monthly savings and expenditure are below:
As you can see my personal expenditure has once again blown out in quite a large way. The major movements for my accounts are discussed in detail below:
On a cumulative basis my performance is as follows:
You can see my whole 12 month performance in the data above. On my original goals I achieved what I wanted to (and exceeded it by quite a long way) on my share investment account however fell a fair bit short in my offset account. The net of my share investments and my offset account was almost exactly negative $4,000 when it should have been comfortably positive.
I had hoped to spend $26,400 over the whole year on my personal expenses. Moving out of home caused this to be significantly higher although I certainly didn't expect to be spending $62,000 on 'life'. This is a scary amount given I didn't really spend on anything big this year other than one overseas holiday. As I move into my own place in the coming year I need to control this better. There is so much potential for me to get ahead and achieve all those things that I want to do however I do need better self control.
If I had spent only $40,000 instead of the $62,000 and saved the rest my net worth for December 2013 would have been at the half million mark. I shall try and do better in the coming year although I have been thinking about a different form of spending for the current year which I will outline shortly.
You May Also Be Interested In
November 2013 Expenditure Tracker
December 2013 Net Worth: $478,000 (+4.6%)
FKP's rights issue made me a tidy profit
Tips on budgeting and spending this Christmas season
The full details of my monthly savings and expenditure are below:
| Item | Dec 2013 | Target (new) | Over/(Under) | Target (old) | Over/(Under) |
|---|---|---|---|---|---|
| Share Investments | -$9,944 | +$2,500 | -$12,444 | +$2,000 | -$11,944 |
| Offset Acct. | +$22,907 | +$2,400 | +$20,507 | +$3,500 | +$19,407 |
| Personal expenditure | +$6,845 | +$2,800 | +$4,045 | +$2,200 | +$4,645 |
As you can see my personal expenditure has once again blown out in quite a large way. The major movements for my accounts are discussed in detail below:
- Share investments
- In previous months I had transferred funds into this account for FKP's latest rights issue
- After being allocated my shares in this issue, I transferred the excess funds back into my home loan offset account
- I also continued to save into my employee share plan. As discussed last month I was waiting for the A$ to drop to get a 'free kick' before selling these. This has now played out so I will be selling them in the coming month
- Home loan offset account
- As mentioned above I transferred funds back from my share investment account
- I also managed to save a little bit into this account from my wage
- I am saving for quite a big purchase later in the year and have been putting this money into my offset account. Given it will be leaving this account I have not included it as part of my savings / investment category
- Personal expenditure
- As you can see above this really blew out this month - I had a high credit card bill and compounded this by spending a lot of my cash partying in the last few days of the month
- I am saving for a few big things in the coming year so my smoothed expenditure technique also showed a negative impact this month
- At the end of the month I have $85 left in my transaction account. I will not be drawing more money out of my savings to cover me so may be a bit tight fisted until pay day...let's see how this goes
On a cumulative basis my performance is as follows:
| Item | Aug 13 -Dec 13 | Target (new) | Over/(Under) | Jan 13 -Dec 13 | Target (old) | Over/(Under) |
|---|---|---|---|---|---|---|
| Share Investments | +$24,432 | +$12,500 | +$11,932 | +$38,430 | +$24,000 | +$14,430 |
| Offset Acct. | +$17,019 | +$12,000 | +$5,019 | +$23,548 | +$42,000 | -$18,452 |
| Personal expenditure | +$30,321 | +$14,000 | +$16,321 | +$62,224 | +$26,400 | +$35,824 |
You can see my whole 12 month performance in the data above. On my original goals I achieved what I wanted to (and exceeded it by quite a long way) on my share investment account however fell a fair bit short in my offset account. The net of my share investments and my offset account was almost exactly negative $4,000 when it should have been comfortably positive.
I had hoped to spend $26,400 over the whole year on my personal expenses. Moving out of home caused this to be significantly higher although I certainly didn't expect to be spending $62,000 on 'life'. This is a scary amount given I didn't really spend on anything big this year other than one overseas holiday. As I move into my own place in the coming year I need to control this better. There is so much potential for me to get ahead and achieve all those things that I want to do however I do need better self control.
If I had spent only $40,000 instead of the $62,000 and saved the rest my net worth for December 2013 would have been at the half million mark. I shall try and do better in the coming year although I have been thinking about a different form of spending for the current year which I will outline shortly.
You May Also Be Interested In
November 2013 Expenditure Tracker
December 2013 Net Worth: $478,000 (+4.6%)
FKP's rights issue made me a tidy profit
Tips on budgeting and spending this Christmas season
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