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  • November challenge…

    is pretty simple.

    1. Track everything. Again. For some perverse reason, I’m dying to see how we stack up against the 60 per cent solution budget.

    2. Keep it minimal. We should be able to get by on around $2500 in a month. We haven’t been, for many reasons. Three-fortnight months (rent and groceries, yowch). Birthdays and special occasions. Car repairs. Concert tickets.Work expenses/clothing. Replacing stolen goods.

    BUT, I’m pretty sure November is not a long month. We have no birthdays or anniversaries. So hopefully rent, groceries, gas and a bit of fun and we can keep it frugal.

    In other news…thanks to Consumerism Commentary for including me in this week’s Carnival of Personal Finance 🙂

  • October goal checkin

    So my brilliant idea to get up an hour early 3 days a week to get more stuff done? Huh. A 50 per cent pass rate is a pass, right? It was good when I managed it. Not so good otherwise, like post-Metallica, in the throes of a sudden and random spring bug, or just general fatigue that kept me in bed.

    Sadly, I lost my other October financial info, so my plan to track both mine and T’s accounts like a bounty hunter was derailed. But! I did keep careful track of my savings – I loftily aimed for 50 per cent and managed a respectable 44 per cent.

    Also, I hit my big goal of $10k in the bank. Woooo!

    I really need to keep better track of my cooking. I can’t even remember what we ate three days ago, but I do recall whipping up (throwing together) a rather tasty baked potato/eggplant bake. So that was at least one new dish.

    I’m feeling on track to regaining my teenage fitness levels. Not only did I run every week, some weeks I went twice! (Perhaps even three times this week? I’m not sure; they all blur together).

    Finally, I donated to charity. Not just the $10, mind you! I also donated some old clothing – handily enough, there’s a clothing bin for cancer fundraising outside the primary school around the corner from my house.

    How are your goals coming along?

  • Planning for a new car

    Gear shift stick of my Mazda Protege SE 1999.

    Image via Wikipedia

    As we’ve established, living without a car in Auckland kind of sucks. Luckily, I think I’ve got the best of both worlds – bus to work, joint car and built in chauffeur for everything else.

    Funnily for someone who doesn’t even drive, though, financially speaking, our car history is our biggest shame.

    First car: Bought on a whim shortly after T and I moved in together and he got a job. Early 90s red Mazda MS6 sedan. 180,000k on the clock. Lasted…six months before the gearbox crapped out? (No doubt you’d like to know what we did with it. While I’m all for learning from – and sharing – mistakes, that crosses the line into sheer sadism.)

    Second car: Late 80s/early 90s Corolla two-door hatch. Don’t remember anything else about it except the manual transmission. Given to T in exchange for paying off someone else’s debt. Again – don’t even ask. I don’t remember dates, but it was before the Mazda died; they overlapped and for a brief period we had two cars. Imagine! Again, only lasted a few months before the engine (big end bearing, or something like that?) died. All because we didn’t know anything about maintenance. A little oil and regular fluid checks would have prevented it.

    Third car: T’s infamous 1989 Levin coupe. 200,000k. Paid too much for it. Again, kept paying for it AFTER it died. Don’t recall too many issues with it except for the driver’s window not working; but T was hit in an accident (hence why I’ll never buy a house on a main road) which cost a bit to fix. Not to mention a stressful court case. Eventually this died too; the transmission failed, as far as I recall, but I could be wrong.

    Fourth car: Our little Mazda Familia hatch. 112,000k, manual. Paid $1600 for it early last year; it’s still going, but bodywork – rust – is an ongoing issue. Unlike the previous three, it appears the mechanicals are going to outlive the body. The driver’s seat is worn to the metal on one side and needs replacing, the front bumper is a mess (it’ll happen when it gets kicked; I’d rather he have kicked the kerb instead. Wouldn’t have damaged the car, and might have taught him a painful lesson.) The driver’s window is touchy, but that’s not a biggie for us.

    So that’s four cars in three years. I think our Familia has actually lasted us the longest so far.

    Each time, we always were caught offguard by the cars dying, and thus were forced to shop quickly for a replacement. Recipe for disaster, right?

    Well, this time we’re going to have money beforehand, and probably starting in the new year, will be poised to pick up a bargain should we come across one.

    The plan of action is simple:

    1. Make shortlist of potential cars – makes and models –  against the Dog and Lemon guideessential for anyone looking to purchase a car. It’s comprehensive and accurate; we might not have bought that first car if we’d known about the issues mentioned in the book. It covers all variations of makes, all years (depending on the edition) and you should be able to pick up a second hand copy for less than a movie ticket.

    2. Cruise TradeMe listings in spare time / Talk to T’s friend who is the unofficial car-finder of the group.

    3. Schedule viewings in spare time.

    4. Arrange mechanical check – we’ve never done one on any of our cars and were fairly lucky – but this would be our biggest car buy ever. Also purchase Carjam report to make sure there’s no money owing on it.

    When it comes to cars (and houses) you need cash. Lots of it. Don’t wait for your one car to die before looking for a new one. We didn’t have a choice before – but now hopefully we will.