August was another very expensive month for us. We got our lowest savings rate of the year!
Yes, that’s right, lower than July!
August marked the one year anniversary of when we bought our house! This meant that our yearly house insurance was due. At a smidge over $500, it certainly made an impact on our savings rate. We also paid our quarterly rates, which aren’t exactly cheap.
We had another very expensive month for gifts. My little brother moved out of his barracks room and into a big boy apartment. We sent him a house warming gift in the form of a gift voucher, which I’m proud to say he spent very wisely! Poopsie’s mum turned 70 and, with his sister, we sent his parent’s to a luxury hotel for the night.
My nephew turned one. I visited him for his birthday (flights purchased months ago) and so I baked him a cake and bought him a few gifts. Being organised, I also bought my other nephew’s birthday present, even though he doesn’t turn one until October.
This month, we got a new (to us) car! We had to pay a small fee to change the registration over and we also insured it. Unfortunately the registration is due for renewal in December. We leave the state in January, so this is quite inconvenient. We will probably register for as short a period as possible and change it over once we move.
Poopsie’s license was due for renewal. As we will be able to transfer the full length of his licence over when we get to NSW, we renewed it for five years. I also took advantage of a sale and purchased some new bed sheets and a new pillow. I love my new pillow!
We took ourselves into the city one day, meaning we had to top up both of our train cards. We had lunch out at a delicious Turkish restaurant, before checking out the Gallery of Modern Art. It was a really nice day out and lunch was worth every cent.
Finally, August was Share the Dignity’s fundraising month. We donated as part of their drive. For anyone looking for a great Australian charity to support, I highly recommend you check out Share the Dignity. By just purchasing a couple of products each time you go to the supermarket, you can make a marked difference in the life of a homeless woman.
Without further delay, our August savings rate:
Certainly not our best. However, we hope to start improving it next month by spending less. While we still saved a lot more than most people we know, in order to reach our early retirement goal, we need to be saving in excess of 50% of our income.
How was your savings rate in August? Have you ever eaten Turkish food?