Budget Update – September, 2016
It’s that time again that we check our monthly budget. At the end of every month, we sit down for an hour or so and go through all of our income and expenses for the previous month. Here is a summary of our September budget:
This included Toon’s first full month working full-time, Len’s payout for his accumulated annual leave when he quit his job and a government payment for last year’s childcare expenses for our son so was much higher than usual.
This is included a purchase of a new TV that we have been planning and saving for for a few months. As well as a purchase of $500 Woolworths gift card for groceries. We like to buy these gift cards as we can get 5% off. The other big expense this month was paying for before and after school care for our son as now we are both working full-time.
Monthly Savings Rate: 66.75%
This is our best savings rate since we started tracking our budget on a monthly basis at the start of this year.
Yearly Savings Rate: 37.19%
How did your budget look like last month? We’d love to know so feel free to make a comment below.