A Financial Reset + Giveaway

Afternoon All,

In Australia – our financial year runs July to June and I LOVE it! This gives me a chance to have a financial reset. It’s an opportunity to reassess my situation and have a ‘fresh’ start for the new financial year.

This year I have decided, I want to treat my personal finances like a business. I found myself wondering if we were to be more aware of our own relationship with money, and choose to ‘own’ it, would we be more successful with our finances?

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Financial Goals

Happy Sunday!

A huge interest of mine, more so since studying, is personal finance. I’ve always gravitated to numbers, tracking, statistics it seems. I’ve watched YouTube videos, read books, listened to podcasts and followed many blogs and Instagram pages on personal finance. I have familiarised myself with both Dave Ramsey and Barefoot Investor methods. Unfortunately, I found neither of these particularly resonated with my way of living (or wanting to live). I think this is because I wanted something sustainable or practical to follow. Much like health and fitness or weight loss goals, I wasn’t looking for the quick fix, or a quick way to lose my debt. I wasn’t even looking for a one size fits all solution.

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Tracking Spending Results // Week Edition

Afternoon All,

I have decided to post this a day early. My reason being, I can’t spend tomorrow if I’ve already posted this! As promised, this post shows the results of the Tracking Spending Challenge that I posted on Instagram and Facebook. I didn’t change my spending habits whatsoever for this challenge. I’m not too sure if I picked a good week or an awful week to track spending. This was an out of the norm week that ended up being quite expensive. My cat was due for his annual injections and I hosted family night (which was 2/3 of my grocery expenses).

Nevertheless, here are the results.

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The Rule of 2

Evening,

In a world where spending money has become easier than ever, I ask you the question, what rules, mantras or guidelines do you have in place to ensure you don’t end up with a debt disaster?

Personally, I told myself to stick to the rule of two. I told myself the maximum number of debts I could manage was at most two. Anything more than two debts and I would be living above my means or living in a state of constant worry.

Well, at least I thought I stuck to this rule. Until more recently, when I took a closer look at my relationship with money. I now realise, I had a lot more than two debts at any given time. From the age I could apply for debt, I’ve turned to debt solutions for my wants and needs. In hindsight, I don’t regret this. It has helped form a good credit score.

At the mere age of 22, I have dealt with the following debts:

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What’s in a Name? // Why I Started This Blog

I umm’d and ahh’d about the title of this blog.

You see, sloth renovations started as a hashtag for my personal Insta posts after buying my first home. It was an inside joke between myself and my parents, that we would eventually complete the renovations, just at a sloth-like pace. The simple #slothrenovations, changed to a Insta page after realising a few people were interested in the transformation. On the Insta page, I’d made began to make note of the debts I managed and the goals I had set, but predominately tried to stick renovations, despite long periods of time between small renovation projects. The problem is minimalism, personal finance and goal setting are all things I love TALKING about, they aren’t something you can always photograph. I was on the wrong platform, so I moved to Facebook. However, something about Facebook still didn’t feel quite right… so the day after I created the Facebook page, I created this blog.

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No Spend Challenge | Weekend Edition

Afternoon All,

I challenged myself to a no spend weekend. And here’s how it went…

I started Thursday evening, telling myself I could spend again Monday. I was relatively confident, with fuel in the car, groceries in the fridge and no plans involving money.

Friday was easy – as working took up majority of the day. For the evening, I stopped by at my parents for the weekly catch-up over a drink and nibbles (supplied by them, thank you!) Once I was home, I decided I’d do what I could to make the evening go quick to avoid me thinking of ways to spend money over the weekend. I put on some washing, cleaned my bedroom, worked on some new content for the upcoming week.

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