Aussie Firebug

Financial Independence Retire Early

 

Tax Christmas arrived at the Firebug household in July.

 

Saint Nick delivered 3 parcels of joy and one lump of coal.

 

Mrs. Firebug got a sweet tax return and paid off around $3K worth of HECS debt (bringing her loan to ~$22K)

 

I paid off my last installment of HECS ever!

 

Officially HECS free and getting around $250 extra per fortnight.

Woohoo

 

I had around $11K for my HECS debt so with that cleared, it has essentially added $11K to my net worth this month.

 

And the one lump of coal was me actually owing the ATO some money.  Can you believe that!

 

ato_Aussiefirebug

 

Even after all my management fees, maintenance costs, rates, water bill, insurance, depreciation reports and the banks upping investor loan interest rates. I still managed to earn too much from my IP to negative gear.

 

I guess I should be happy. Paying tax is a sign that your investment is profitable. I just wanted a refund god dam it! ?

 

The end of July marks 1 year that I have joined finances with Mrs. Firebug.

 

We spent around $50K last FY.

 

But the cool thing about tracking every single dollar we spend is now we have a baseline. Where as last year we were sort of flying blind because I had no idea how much she spent and vice versa.

 

Every month I’m comparing how we did the previous year. It also makes big ticket items like rego, insurance ect. easier to plan for because I can look back at the same month last year and see where our money went.

 

Really looking forward to the next 12 months to see how much we can improve.

 

 

 

Net Worth Update

 

 

Cleared about $15K worth of HECS debt between both of us which was the major bump in this month’s net worth. Super, savings, and a little ETF increase also helped.

 

 

Properties

 

No change in any of the properties for this month.

*DISCLAIMER*
Various data sources (RP data, Domain.com etc.) are used in combination of what similar surrounding properties were sold for to calculate an estimate. This is an official Commonwealth bank estimate and one which they use to approve loans.

ETFs

ETFs had a little bump.

Networth

 

Australian FIRE Calculator
Send it!
close-link
Get Calculator!
Get FREE Aussie Firebug updates, tips and tricks, and exclusive content!
Subscribe
No spam. Unsubscribe anytime.
close-link

Stay Connected!

Join others who get FREE Aussie Firebug updates, tips and tricks, and exclusive content!
SUBSCRIBE
close-link