Our Frugal Lifestyle

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Passionate about eco-frugality. I used to party hard, clubbing my way from pay-packet to pay-packet. Never getting ahead, just getting by. Then came our much wanted baby with no savings in the bank - only an old car. Changes were made to our lifestyle and we didn't turn back. In the past 6yrs we purchased a flat, found employment, lived below our means, built an emergency fund, purchased a reliable car and saw the financial benefits of our frugal lifestyle. Our only debt is our mortgage. Our aim is to manage our cash flow wisely, pay off our home quickly and eventually work for pleasure, not necessity. Join us on our journey, share insights, tips and tricks to help us and others to get ahead while having a good time.

Thursday, August 1, 2013

Keeping Purse

When the Rambling Expat lost his position last Christmas and the countdown was on to find a new job, times were stressful. Very stressful as uncertainty took hold. Should we move to another state where there are jobs in his field. Or should we stay put and keep on trying. The pros and cons were tossed at each other, the worry placed strain, times were unsure.

The Rambling Expat applied for job after job and eventually landed himself a 5 month position in his field. A month latter he was offered another position not in his field and at a much lower pay. He took it because it was permanent. A security. Well a kind of security as the original job he lost was also a permanent position.

With the pay cutback in mind he requested, fought and won (with the help of dedicated people) to be paid his previous rate for 1 year. So this means it's time to pay off our mortgage as much as possible and tighten our budget for when his pay reduces by more than $10,000 a year. We are not poor by any means. We both earn an income and as a family live counting the pennies so we can afford the good things in life. We pay for extra classes in dance and circus school for our 6 year old, we go on holidays, we eat out and our fridge is full. We currently both earn under the average wage but live comfortably because of our careful financial management.

We are the lucky ones. We see friends packing up and moving every month as the cost of living rises in our city. Housing has become out of reach for many and day to day living just too hard. We started our frugal journey just over 6 years ago and it has made a huge impact on our life. We think carefully about our purchases, needs, lifestyle. We aim to live rich full lives. An abundant life, but on a budget.

Bills have been rising, costs increasing and further budget cuts make work insecure making budgeting an absolute must. I would love to hear how you manage your budgets. Do you use the envelope systems, spreadsheets, a note book, MINT or any other programs that are similar? I would love to hear what you have to say about your financial incoming and outgoings.

Lets all help each other in good money management to keep afloat or get ahead in life.

Stephanie @ Frugal Down Under




2 comments:

  1. Hi Stephanie.
    My money goes directly into the bank to pay for all the household bills but M who is a taxi driver has lost of different bills at different times and have to be budgeted for so I use a note book, envelope and bank system. For treats and holidays I used the envelope system. It works for us.
    Carolx

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  2. I've seen a lot of that kind of thing here, too. Now all the jobs in the U.S. (other than the upper echelon types) are moving to part time because of Obama Care. How people will survive on 16 to 26 hours a week is beyond me.

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