My savings is being eaten away! Over the last 11 months my priority has been to lose weight and my finances have taken a back seat. I'm really not even sure where the money has been going. I think I have been spending a lot on good healthy food (fruits and veges) and bananas are so expensive now. Apart from that my spending hasn't been too bad. I havent been going crazy.
Anyway the way i'm going I wont be able to afford to buy again in 2012 like I have been planning. I'm concentrating on making sure I can hold onto my ip. I'm out of pocket $3800 pa with my ip. I guess it wouldn't be such a bad move to wait till my ip is neutrally geared before buying again! I'm currently getting $230 a week in rent and when I can get $270 a week rent then it'll be neutral. By then I should see some equity growth of which I need to be able to leverage into #3 property.
I'm going to need to start saving again and start tightening my belt if I'm in any position to be able to buy another one. I really have to get my act together again. How do you guys do it day in day out. Be so good with your money and save? I was a good saver for a couple of years but since buying my last one at the end of 2009 I have gotten lax!
Anyone else in the same boat? or anyone else finding it difficult to hold onto your properties or save?
You know what... i'll take the same principle into account as when I decided to lose this weight. I had the determination that this was what I wanted and nothing was going to stop me. It has been a 24/7 thing for me, have not waned one bit. Always focused. I need to get this back again in regards to my finances. I'm sure I will get that passion back again. I hope it comes soon though cos my bank balance is going down and I'm starting to feel outa control with this side of my life now. The rest of my life is going well. My personal self development and relationships are great. Confident again and cocky haha. Now I have to focus on my finances and pronto before I get myself into deep ****.
I am on long service leave for 3 weeks now. I'll get myself organised and turn things around. It will be hard but its time now!
Gotta keep positive!
Anyway the way i'm going I wont be able to afford to buy again in 2012 like I have been planning. I'm concentrating on making sure I can hold onto my ip. I'm out of pocket $3800 pa with my ip. I guess it wouldn't be such a bad move to wait till my ip is neutrally geared before buying again! I'm currently getting $230 a week in rent and when I can get $270 a week rent then it'll be neutral. By then I should see some equity growth of which I need to be able to leverage into #3 property.
I'm going to need to start saving again and start tightening my belt if I'm in any position to be able to buy another one. I really have to get my act together again. How do you guys do it day in day out. Be so good with your money and save? I was a good saver for a couple of years but since buying my last one at the end of 2009 I have gotten lax!
Anyone else in the same boat? or anyone else finding it difficult to hold onto your properties or save?
You know what... i'll take the same principle into account as when I decided to lose this weight. I had the determination that this was what I wanted and nothing was going to stop me. It has been a 24/7 thing for me, have not waned one bit. Always focused. I need to get this back again in regards to my finances. I'm sure I will get that passion back again. I hope it comes soon though cos my bank balance is going down and I'm starting to feel outa control with this side of my life now. The rest of my life is going well. My personal self development and relationships are great. Confident again and cocky haha. Now I have to focus on my finances and pronto before I get myself into deep ****.
I am on long service leave for 3 weeks now. I'll get myself organised and turn things around. It will be hard but its time now!
Gotta keep positive!