I have been using the Woolworths credit card for 3 months now. We charge everything to it, our money sits in the offset account and then we pay if off in full each month. It also earns us some free groceries. After giving it a fair trial we’ve decided we don’t feel comfortable having the credit card again, despite it’s benefits. We have spent slightly more than we planned to each month and the amount is saves in offset is not really that much. We are just both more comfortable not using credit. So it’s on the way out!
Last week I started participating in a deferred salary scheme at work. I save 20% of my income for four years and then I can take one year off work while it is paid back to me. I decided to join because I think it’s a win/win in our current job climate. If I do get laid off later in the year there will be several thousand dollars in savings already put away for me. If I end up keeping my job, it means that I get a whole year off in 2017. It’s really just an enforced savings plan for us. It does mean that there is not as much to throw at the mortgage but I’m sure we can pull the belt in a little tighter.
Once I finish this post I’ll be working on preparing the spare room, hallway and toilet for painting over the weekend. They are small rooms and will be quick to knock over. Then I have a whole heap of financial paperwork to sort out. I have done nothing but sleep for the last week and I got behind with tracking everything since that call to see Dad, so I need to catch up! Thats my weekend planned