Previous update here.
April was a productive month – one of the most productive I’ve had in a while. I can only put that down to having a bit of extra time over Easter to rest and work on my PhD. The momentum has stuck which is superb. My blog reached a few milestones in April. The WF30 blog was featured in Money Magazine along with a half dozen other Aussies including Pat the Shuffler & FI Explorer. I published my 1 year portfolio review which happened to also be my 100th post. And – not least – on the same day, I had my first ever post featured by Rockstar Finance. I’ve been blogging here since early 2015 and have loved writing every post but it was awesome to have a trio of dream blogging events occur in the same month! Thank you for following along and getting involved in the comments and on Twitter! 🙂 Writing wouldn’t be the same if I wasn’t sure anyone was enjoying the content!
Credit debt decreased but as always, is paid out end of month. The business loan decreased and all other debts were steady.
One of my goals for the year was to increase my emergency fund to $16k – 4 months expenses. I’m just $8 short of that now!
I’ve been thinking more and more about buying commercial property using my Superannuation. I have about half what I need for a deposit on a small office complex available. Now that the fortress fund is nearly up to speed, I’ll be able to focus on saving a deposit.
Savings Rate: 37.8%
Cash: $15,787 increased 9.13%
Superannuation: $42,871 up 0.90%
Investments: $21,473 up 5.59% (market gain + $1000 deposit)
Other Assets: $9,414 down 1.20%
Total Assets: $89,545 up 3.14%
Credit Cards : ($1,656) down 10.54%
Student Loans: ($32,305) steady
Business Loan: ($10,750) reduced 2.71%
Other Liabilities: ($21,500) steady
Total Liabilities: ($66,211) decreased 0.74%
Net Worth: $23,335 increased 16.0%
As always, thanks for following along!
- Cash consists of online savings accounts. I moved away from carrying cash in Q1 2015 and make 95% of my transactions electronically, for more accurate and up to date record keeping. I have a small transaction account holding around a tenth of my cash funds with the balance held in an ’emergency fund’ and a smaller account for rent savings/payments, both in modest interest bearing accounts (2-3%p.a.).
- Superannuation is the Government mandated retirement savings system in Australia
- Other Assets consists of one car at market value, depreciating monthly.
- Student Loans consist of the HECS/HELP debt provided by the Australian Government, indexed to inflation. The loan repayments are based on taxable income, with repayments required from taxable incomes of $55,874 p.a. or more in 2017/18.
- Other Liabilities consist of two loans which are interest free.