May 1st 2018 will mark 1 year since a metaphorical coconut fell on my head, triggering the radical tightening of the purse strings and embarkation upon our financial independence seeking, frugal living adventures.
Throughout this year, we’ve had money management successes and failures. Most notably, we’ve achieved our target of going from saving 5% of our net incomes to 25% within the first year; and are well on our way to achieving our new years resolutions of paying off our high interest debt (car loan and credit card) and saving 33% of our net incomes by the end of 2018.
To mark this impending anniversary, I thought I would take the opportunity to introduce you to my pre-frugal self..
An interview with Spendy McSpender
TFC: Welcome to my blog Spendy McSpender (SM). Could you tell me a bit about yourself?
SM: I’m 30 years old, from Brisbane Australia and have a full-time job in the city. I’m married, with two fur children. We recently bought our first house, which is great. It has a pool and is two stories so has heaps of space for the two of us to spread out in.
TFC: Oh, wow a pool hey? How much does that cost to run?
SM: I have no idea, but it’s awesome.
TFC: Riggghhhttt. So what do you like to do to wind down?
SM: Well, I like to go out with my beloved after work on Friday’s for a couple of hours. We usually have a few drinks and something to eat so we don’t have to worry about dinner when we get home. We usually go somewhere that has a good selection of single malt whiskies to choose from. Sometimes they cost about $16 a pop, but it’s totally worth it. After all, you only live once right?
TFC: Hmmm, sounds expensive?
SM: I suppose it can be. By the time we have a few drinks, something to eat, and then get a taxi home, it probably costs us $120 for the night. But, we only do it once a fortnight or so, so it’s fine.
TFC: I see… So, what do you like to do in your spare time?
SM: Well lot’s of things I suppose. We like to go to the movies. But, only if we can go to Gold Class. It’s so much better being able to enjoy a few beers and have something to eat while sitting in a comfortable lounge chair, then going to the normal cinemas.
TFC: So, kind of like watching a movie at home then? How much does that cost you?
SM: No, it’s really not like watching a movie at home at all. It has like a ‘business class’ feel about it. You can’t get that at home. Ummm, I think tickets are about $40 each, drinks probably about $30 and dinner about $40, so about $150 all up.
TFC: Holy crap! I mean, oh right, sounds great. So, what else do you like to do?
SM: Well, I do like books. But, I have a short attention span, so I have a tendency to start reading a book and then getting bored. I rarely finish the books I start, or re-read them.
TFC: Lol. Thank God for libraries, right?
SM: Huh? I don’t understand the question.
TFC: Oh sorry, I meant luckily you get the books from the library, otherwise that’d be an expensive habit?
SM: Ohhhh, libraries still exist? Gee, I haven’t been to a library since I was in University.
TFC: So, you buy the books you rarely read then? I’m assuming you get them second-hand?
SM: Yes I do buy them. But, not second-hand (icky). I just buy whatever I want from a bookshop. I think the last book I bought was about $40.
TFC: Riggghhhhttt. So,if you don’t mind me asking, how much of your income do you currently save?
SM: Oh, I think about 5% maybe. It’s soooo hard to save money, right? The cost of living is so expensive. I mean, I earn above average income, but just never seem to have any money leftover at the end of the pay cycle.
TFC: Gee, I can’t imagine why…
SM: But, it’s fine. We’ve got a credit card, so if we should ever need any emergency money, we’ve got that.
TFC: Ahaaaaa. So, anyway, what are your financial goals?
SM: That’s a good question. I don’t really have any in particular. I suppose I’d like to be financially stable and comfortable.
TFC: Okay, so what are you doing to achieve those goals?
SM: Nothing yet, really. I’m still young, there’s plenty of time to think about all of that. I’m just enjoying life while I’m young and not tied down with kids.
TFC: So, you’re planning to have children?
SM: Yeah, probably. But, there’s plenty of time to sort that out.
TFC: You do realise that from a biological perspective, you’re best to start trying for children before 35? As, statistically speaking, your chances of conception radically decrease from 35 onwards.
SM: That does sound vaguely familar. But, you know, she’ll be right mate. That’s a problem for later me.
TFC: Right. So later you is magically going to get your financial shit together? And, defy the statistics by being able to just conceive when you want? And, then be able to afford all the costs that come with life and parenting and ageing, all whilst saving only 5% of your income and spending ridiculous amounts of money on “enjoying life”?
SM: Something like that, yes.
TFC: Okay. Well, I think we might wind up the interview here then. Thanks for joining me today. I wish you best of luck in your future endeavours. My fingers are certainly crossed for you!
SM: Great, thanks for having me. I hope you’ve been able to learn something from me.
TFC: Ohhhh, I have. I have indeed.
I hope you enjoyed today’s interview with Spendy McSpender. As you can see, she’s batshit crazy. Don’t be like Spendy McSpender, you’ll regret it.