BudgetTastic Wants To Buy A House! (and be MF)

BudgetTastic

So I've decided to move my diary to the MF section as I feel it doesn't really fit in too well with the Savings section.

I've finally decided to make an account so that I can document my adventures in saving for and hopefully one day purchasing a home. My journey is going to be a long one for sure as I have some pretty big goals that will no doubt take a while to achieve.

To begin with, I will start with a little bit about myself. I am a 20 year old girl from Australia. I just resigned from a full time retail job to pursue a career in banking. My new job is only part time (3 days per week) but hopefully I will be able to score some more days soon enough. I start my new job on Monday and I am so so excited!

Last year I made the [STRIKE]mistake[/STRIKE] life lesson of getting a car loan, which I have now paid out so that I can really get cracking on the savings!

I should also add that I am currently living with my parents, so my living costs are relatively small.

Please forgive me as I am working in dollars. Hopefully this won't confuse anyone too much.


My 3 main goals are:

• Save $50,000 for a house deposit.

• Get $10,000 in an Emergency Fund.

• Save $15,000 towards buying fees and furniture/appliances.

Yes, you read that right. $75,000 in total. Told you I had big goals.


In other news, my career goals are:

• Score a full time position at new workplace.

• Maybe get a promotion.

Any my current focuses are:

• Figuring out $$ from new job and settling into a new routine.

• Budgeting properly and controlling spending to maximise $$ available for saving.

Oh and I would also like to be mortgage free some day.

:wave: to anyone reading. Please say hi and tell me all about yourself and let me know if you have your own diary. I do love a good diary!

Stay tuned for info on my new salary, a brand new budget and of course spreadsheets.

Lois_E

Hi BudgetTastic and welcome to MFW :wave:

All routes to mortgage-freedom are encouraged here. You might like to read Froggy-G's diary. He's saving (in his "lily pad fund") to buy a place.

You are doing brilliantly to be so switched on so young. :T

Good luck with the journey.

BudgetTastic

Lois_E wrote: »

Hi BudgetTastic and welcome to MFW :wave:

All routes to mortgage-freedom are encouraged here. You might like to read Froggy-G's diary. He's saving (in his "lily pad fund") to buy a place.

You are doing brilliantly to be so switched on so young. :T

Good luck with the journey.

Hi Lois! How nice of you to comment. Oddly enough I actually read your diary a few days ago and it inspired me to make my own.

Shall be off to check out Froggy-G's diary.

In other news, I've had a pretty good weekend MSE wise. Went grocery shopping yesterday and came in under budget (less than $50) and even bought a water bottle that can be reused so that I don't end up buying water when I'm out. Also managed to only buy one chocolate-type item, which of course I have already demolished.

Today I did a few chores around the house and made 6 homemade pizzas (somewhat healthy) to freeze and have at later date.

Am planning to have a phone call with a friend later tonight. I'm also hoping for 30 minutes on the exercise bike (while on the phone of course) and also some ironing. Say that you will about me but I don't mess around when it comes to multitasking. Must also pain my nails a somewhat conservative colour ready for new job which starts tomorrow. :j

Lois_E

BudgetTastic wrote: »

Hi Lois! How nice of you to comment. Oddly enough I actually read your diary a few days ago and it inspired me to make my own.

Shall be off to check out Froggy-G's diary.

In other news, I've had a pretty good weekend MSE wise. Went grocery shopping yesterday and came in under budget (less than $50) and even bought a water bottle that can be reused so that I don't end up buying water when I'm out. Also managed to only buy one chocolate-type item, which of course I have already demolished.

Today I did a few chores around the house and made 6 homemade pizzas (somewhat healthy) to freeze and have at later date.

Am planning to have a phone call with a friend later tonight. I'm also hoping for 30 minutes on the exercise bike (while on the phone of course) and also some ironing. Say that you will about me but I don't mess around when it comes to multitasking. Must also pain my nails a somewhat conservative colour ready for new job which starts tomorrow. :j

You do ironing while taking a phone call on the exercise bike?

BudgetTastic

Lois_E wrote: »

You do ironing while taking a phone call on the exercise bike?

Haha I could have worded that better. I do phone call and ironing OR exercise bike. Not all three, but now you have inspired me to try it.

pavlovs_dog

if you pedal fast enough, maybe it will power the iron for you?

BudgetTastic

pavlovs_dog wrote: »

if you pedal fast enough, maybe it will power the iron for you?

Ironing and biking was a miserable fail as can't reach past the handlebars to iron.

Just kidding, I didn't bother to do the ironing or the exercise.

Now I shall post my balances for all of my savings accounts, as of the 1st of March.

House Deposit Fund - $6231.48
Emergency Fund - $1616.97
Furniture/Appliances Fund - $1646.23

Retirement Fund - $171.78
Superannuation (employer-contributed) - $6207.31

Stay tuned for my budget and hopefully some info about my pay at new job!

BudgetTastic

First day of work went well although it was a lot to take in and now I am sooo exhausted. Brain is fried. Pizza for dinner and then off to bed I think.

Lois_E

Hope you've slept well by the time you read this.

BudgetTastic

Lois_E wrote: »

Hope you've slept well by the time you read this.

Thanks Lois. Slept reasonably well though am a little anxious with new job.

newgirly

Hi, just wanted to say welcome and lots of luck with the new job