Covid Impulse Buying Restarted :(

I forgot about how much I spent the last time we were in lock-down back in Adelaide…

It just feels like the perfect past time…it’s stressful though…because the difference now is I am not working full-time yet and haven’t been for the last six weeks… I am basically living off paying the bills with my credit card. I put most of my money locked away in a long-term deposit -.-” or in high(ish) interest savings accounts that don’t allow you to withdraw or you lose the interest -.-”.

ANYWAYS. I keep rechecking my internet banking app to see if I have been paid my last salary from my part-time job…and hopefully *fingers* crossed I will also get paid out my annual leave which I rarely took.

So what purchases have I been purchasing?

A lot of things I probably don’t need.. :s..some I guess I need, but COULD make do and still survive without. I am just going to list what I have bought in the last week..

I spent a lot on homewares…bath towels, singlets, clothes airer, air fryer, kettle, 30 Litre bin (too much for one person), teatowels, clock, non-slip shower mat for inside the shower, mat for outside the shower… LOL so many mats. Also bought a mat for the entrance and for my bed. (LOL) …A santoku knife… microwave cover, sponges, wipes, disinfectants of every kind, toilet cleaner, paper towels. freezer bags x2 sizes, stainless steel mixer bowls x3, pegs (haven’t even opened it!), portable clothes steamer (used once), handheld vacuum (suction sucks), Telstra wifi-modem, Hair straightner for mum, AAA batteries, AA batteries, shampoo and conditioner (coz i didn’t bring them from Adelaide), body wash, TV cable, hand soap, dish dryer, sieve, mug, so many groceries fresh and frozen :(, filtered water jug, Laundry basket, Laundry washing bags, fabric softener, detergent for clothes and dishes, deodoriser, can opener (but I HAVE NO CANS), numerous amount of random plastic containers, Linkt Toll pass (Even tho i haven’t used any tolls yet), I’ve also started paying rent. Y_Y…

I bet that’s just half of where all my money went… T_T… Spending so much time alone at “home” and going out and doing things has made online shopping all the more tempting.. :(….if I wasn;t writing this post, I am very sure I would be online shopping again…

One slighlty (?) upside is that I remembered I have some Qantas Frequent Flyer points saved up! These points were supposed to be for my overseas “One day” to London trip…but that kind of looks out of the picture for the near future…So I used some of the points to purchase a ricecooker online…it’s something I can live without until it comes…

Financial Health Check

I’ve been listening to a bit too many podcasts about money lately…as you can probably tell. I was listening to one particular podcast where someone on the show was making a website based on getting you better deals by allowing you to compare side by side what the different banks were offering in terms of things like term deposits, loans, etc. I can’t believe how much time it saves! So today, post work I have set about moving some money I have been saving up for my future house deposit and put into a 3 month term deposit…I highly doubt I will be able to purchase a house within the next 3 months, so better to maximise the interest I can get while it is in the bank.

I have a second account in which I have some emergency funds that I can use for spending, because I don’t want to lock away all my money in a fixed term deposit. I will use this money for things like unexpected expenses I may incur or for expensive things like specialist appointments… *Sad face*.

I wish I had done this earlier! It takes a lot of time though, trying to sort out your finances. As I also have multiple bank accounts across three different banks and so manyy bank cards…it’s hard to keep track of how much money I actually do have…xD yet great in a way, because unseen and forgotten money means I spend less!! I also have to remember to keep checking up on my stocks and to keep an eye out for good prices..and to remember to keep growing my rather small portfolio.

I still have much to look in terms of the superannuation..I think I will look further into it after I finish up my current contract…as I will have to combine that super with my other super account…somehow…

So many things to think about as an adult…who knew looking at your financial health was so important and took so much time? *sad face* BUT in the end, if you look after your finances, it will look after you in the future. *happy face* (hopefully).

Being in Debt forever :(

Since starting university back in 2009…I have accrued a massive and ever growing student debt… Australia is good in a way, that people with low income can still be able to go to University and to do further study. But, as a kid, no one told me how expensive it would be to finish a course… let alone for someone like me who jumped around doing three different courses over the first 2 years, because how are you supposed to know what you want to do when you are at a ripe age of 18?

While it is great that we can borrow the money for our student debt, but it is a bit depressing to see how much money we owe to the government and the increasing interest that is charged on it.

When I was younger, I did not think much about the debt…but now that I have become more interested in my financial position, I realised I still have this massive 50k unpaid student debt…and each year they are charging another 2k worth of interest….!! *EEK*

But, do I really want to use all my savings to pay for my student debt? Not really…I need that money now…but sadly I foresee that debt is going to be there for the long term. 😦

Was it worth accruing that massive debt for the benefits from studying to become a registered pharmacist? I am not sure really. =s

The Australian government will automatically deduct payments from our salaries once our income reaches a certain threshold…However, until recently, my income has been lower than that amount…I wonder how long until I can be debt free? To be honest, even though I have paid off some of it this year, the interest that keeps getting added to it means that the payments aren’t even touching it :(.