I've tried to do a budget to see how much I would spend a week if I moved out of parents and see if I can still keep my properties. Well, it doesn't look too good . I thought a single person without a car doesn't need much to survive so how come my figures are coming out at circa $750 a week. So thought I might post my figures and see if you peeps could help me cut it down. Need to reduce it by a couple of hundred dollars a week to circa $600. Does my figures look correct/are realistic. Is there tips and tricks I could use to make some savings.
How much do you guys spend a week.
Gym membership for a start. Total waste of money - unless you are a professional athlete and need access to the best equipment available. If you are simply trying to get fit - just run, walk very fast, ride a bike, run, swim, run, walk - and diet.
Speaking of that; food is another one - $100 per week should cover you as one person, unless you insist on little extravagances in the mix. Make you own lunch for work, and cook dinner. Lunch for me would be about $3 maximum. What is 4 slices of bread, a few slices of ham, a few slices of cheese off the family sized block of tasty, or a small tin of tuna, an apple, banana and bottle of tap water?
Most of our (evening dinner) meals cost about $5 each person - maximum.
No soft drinks, use tap water. I put hot water from the tap into bottles and put into the fridge. Tastes exactly like a bought one. Shop at Aldi for most of the rest (some cheap-@rse habits die hard ).
Forget the seminars (on investing). If they are for work and will translate to more salary dollars, then yes. But investing - you'll get it all right here for free.
Overseas trips - over rated. Air travel is now a pain in the derrier when you go O/S. Go on short, budget accom trips around Aus. Just as much fun, no dollar conversions and language/custom pains. Bali is cheap though.
You can do the overseas thing when you become loaded from your IP investing.
Get rid of the PO Box. Do you really need one? Are you running business and cop heaps of mail?
All of the above is not going to decrease your lifestyle at all; unless you like going out for restaurant food every day and insist on thinking overseas holidays are better than Aus.
You will still live well, but spend less doing it. Great when you are "on the way up" and need to be careful with funds.