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.



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!




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.





No change in any of the properties for this month.

Various data sources (RP data, 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 had a little bump.



Download My Networth Sheet

Download my personal spreadsheet I use to calculate my net worth each month

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Download My Networth Sheet

Download my personal spreadsheet I use to calculate my net worth each month