Login

LFC Money Tales

australia spending Sep 05, 2022
Women share how they budget, save, and spend money in Australia.

Want to check out what your fellow LFC ladies spend each month/year? πŸ€‘

We have interviewed our LFC ladies to tell us more about their money tales! 

Make It Rain Money GIF by Quinn XCII

 

OCTOBER 2022

Age: late 30s

Job: Architect (him), Student & Homemaker (her)

Status: Married

Kids: 3

Location: Victoria

Income per month: $13,750

No investments.

Monthly expenses -

Home & utilities: $2800

Insurance & financial: $700

Groceries: $2,300

Personal & medical: $3300

Entertainment & eating out: $2400

Transport & auto: $1,100

Children: $1,400

Total expenses: $14,000

$250 deficit per month


SEPTEMBER 2022

Age: 30 & 37
Job:
phlebotomist and mechanic

Status: Couple Kids

Location: Canberra

Income per month: $7,600 Expenses 

Home & utilities: $1350

Debts: $1000

Insurance & finances: $400

Groceries: $400

Personal and medical: pay when comes up.

Entertaining & Eating out: $200

Transport & auto: $570

Children: 0

Any money from investments: $500


Age: early 30s

Job: Tradie (him), Maternity leave (her)

Status: married

Kids: 2

Location: QLD

Income per month: $8,200

No investments.

Home & utilities: $2,000

Insurance & financial: $600

Groceries: $1,800

Personal & medical: $1,600

Entertainment & eating out: $650

Transport & auto: $900

Children: $550

Total expenses: $8,100

$100 surplus per month 


AUGUST 2022


First name: Amber

Age: 30

Single/Married/Divorced/ Widowed: Single/Very new relationship

Job πŸ’Ό : Government

Income per year πŸ’°: $114,000 (just changed from (98k) Net

Income per month πŸ’°: $9500 net


Prices per year

Home + Utilities πŸ‘ : $50640

Insurances + Financials πŸ“:  $41220

GroceriesπŸ›’: $4200 

Personal and Medical πŸ©Ί : $4390

Entertainment + eating out 🍿 :  $4144

Transport + Auto πŸš— : $3740

Children costs: N/A



How do you budget (spreadsheet, excel, app, my head etc)? Very basic spreadsheet but I know the majority of figures off the top of my head.

How often do you review your budget? Rarely (6-12 months, or on needing changes)

Growing up did you worry about money? Yes a little, My Family was always quite broke.

What’s your earliest money memory? I remember counting money with my teacher in maybe grade 1 or 2.

Now as an adult do you worry about money? No, I did in my late teens/very early 20's. But not since maybe age 24.

What is the biggest money lesson you learned? You will never know enough, so you may as well start now or you never will (if you wait for 'enough' knowledge).

A money mistake you made before? Getting married? Buying a new car?

The last most ridiculous thing you spent money on? A tattoo only to spend hundreds/thousands more getting it removed.....


Want to share your story? Email [email protected] and we will send you a template to fill out πŸŽ‰ 

Anne Hathaway Oscars 2009 GIF by The Academy Awards

 

Are you ready to become
a ZILLIONAIRE?

 

"Ok, maybe just ready to establish a strong financial future?
Sign up for our newsletter below."