Hi,
I’ve recently come across Mr Money Mustache and have read all of the blog posts that interest me. They way of living in the blogs and forums is something I have been pursuing for some time. I’ve seen lots of people put their information to share so thought I’d do the same.
A little bit about me:
- Male
- 25 years old
- Live in Auckland, New Zealand
- Live in shared accommodation during the week close to work and then live with my fiancé in her shared accommodation in the weekend. Work in a 2hr+ commute daily if I lived full time with my fiancé so decided to live closer to work.
- Work in logistics/supply chain
- Enjoy living minimal living
- Hobbies are triathlon, hiking, mountain climbing, investing and reading books
Income & Expenses (monthly):
Salary $3010
Weekday accommodation (including water, electricity, internet) $670
Weekend accommodation (I supplement my fiancés expenses as I share the room) $125
Petrol $170
Other car expenses, car insurance $60
Medical expenses $50 (doctor, physiotherapist, vitamins, minerals, etc)
Food (gluten/dairy free and on triathlon diet, so eat lots) $390
Triathlon coaching/swim fees $110
Travel, hiking, triathlon, dinners, fun activities, etc $325
Monthly savings $1110
Monthly expenses $1900
Assets & Liabilities:
$25,000 stock portfolio
$14,000 cash
$11,000 superannuation (contribute 3% of salary which employer matches 100% and government subsidy of $521 per year)
$21,000 student loan (interest free, paying off approximately $4300 from automatic salary deduction annually)
$5000 possessions including car, road bicycle, bed,
My goals are to build my career and earning potential, increase my stock/investment portfolio and build up to a house deposit in my late 20’s. I’m also planning to propose next year on our trip to Sydney, Australia. My partner enjoys saving as much as I do. Since she doesn’t have as larger food, petrol or triathlon related expenses as me, she saves more money than me. We keep our finances separate but if we bought a house or got married we will share the bank accounts.
I have no desire to purchase any material things apart from our own home and rental properties further down the track. A nicer car, boat, beach house, etc are nothing I aspire to. I enjoy being an employee and the company and the industry I work for. Retiring early could be something I look into once we start a family but for now I’m very happy to continue working.
What I would like to build savings for would be to travel the world extensively and do overseas endurance races. I would also like to get more into mountain climbing, which can get fairly expensive with hiring mountain guides, etc. I would like to find a balance between saving and building my assets as well as enjoying myself in my spare time.
Thanks,
Elliot.