FAMILY OF 5 LIVING COSTS IN AUSTRALIA - What we ACTUALLY spent - VERY Detailed

[@MoneySmartMum]

To see the NUMBERS go to 4:20 👍🏻

[@simonedutch1264]

This is brilliant, well done! My husband and I have a very similar excel spreadsheet to this that we have been doing for the past 15 years when we bought our new home, I live in Sydney. It helped with mortgage, school fees, food shopping and so it goes, and we couldn't budget without it. I hope you'll be back on YT soon and it was lovely to meet you and your channel.

[@kparker1615]

Thank you, great budget set, I have been trying to do ours for years but gave up, you have now inspired me to try again. Would love to know more about how you set up your spreadsheets / template. New subscriber here!

[@alexistacklesmoney]

Hey friend!! 💜 Here returning the love!! Great video!! Love seeing your breakdown!

[@MoneySmartMum]

You’re the best thankyou!!!!💜💜

[@GiuseppeBasile]

Wow very detailed analysis. Thanks for sharing.

[@MoneySmartMum]

My pleasure!xx

[@rosemarymason709]

I'd love to hear some tips about how you keep your electricity bill so low. I live in Perth too, and our bill is at least $400 every 2 months 😥. Thanks for another detailed and interesting video :)

[@MoneySmartMum]

Hi Rosemary, I should have mentioned we do have solar panels -had them installed a few years ago now -to get the most power from them we use our BIG appliances (dishwasher, washing machine, tumble dryer) between the hours of 8am-2pm and it definitely saves us money! I’m lucky enough to be at home most days but if I am going out I will set the delay timer on them👍🏻 Thankyou so much for watching my fellow Perth friend :)

[@rosemarymason709]

@@MoneySmartMum You've given me some great money saving tips with your videos. I appreciate the effort you put into them. I've just booked two consults for solar quotes so wish me luck :)

[@MoneySmartMum]

@@rosemarymason709Wow I love this!! It is a big upfront investment but I certain we’ve made our money back (not done the calculations to be exact) Good luck Rosemary and please do let me know how you go💜 Thankyou

[@gurpreetsinghgurditta216]

Thanks for sharing this , something that I have been searching for based on Australia . Can you please do a video of like how you would setup something similar to your sheet from scratch as a new beginning. Looking forward to watching your videos.

[@MoneySmartMum]

Thankyou for watching💜 And yes I will absolutely do a ‘how I set my budget up video’ thankyou for the suggestion it’s good to hear what people are looking for🙂

[@jodiesbudgetlife]

Hi Allison, I’ve just subscribed and back after a bit of a break from KZbin.😊

[@MoneySmartMum]

Thankyou🙌🏻💜 welcome back, it’s good to have a break from YT, to be honest I’m always stopping and starting xx

[@BoopnBudgets]

Thanks for sharing! 😊

[@MoneySmartMum]

Thankyou for watching my friend💜

[@abbiealverez2960]

10 k per month god I wish I even earned that much you are leading a great life

[@MoneySmartMum]

Aww thankyou so much😘 and trust me it’s not always been like this, when we got married we were flat broke🙈 Thankyou for watching💜

[@selgeaus]

Are you not putting money aside for annual car expenses such as rego and insurance each month?

[@MoneySmartMum]

Hi good question as I only touched this subject briefly - each month all our income goes into our offset account from here we spend our monthly expenses (which I’ve documented in this video) there is always a surplus of funds and these savings just build up in our offset to reduce our mortgage interest. We are saving for these individual items, it’s just all in one big pot for now and I have my annual budget/forecast so I know when these expenses are due. Thankyou for watching!

[@ericshang7744]

Where is the savings?

[@MoneySmartMum]

Hi Eric, good question as I only touched this subject briefly - each month all our income goes into our offset account from here we spend our monthly expenses (which I’ve documented in this video) there is always a surplus of funds and these savings just build up in our offset to reduce our mortgage interest🙂 Thankyou for watching!

[@unabresnan5560]

Love the pocket money for ye & what it covers. If it covers hobbies then why is your husbands gym membership coming out of exercise & ye you have no exercise for yourself?

[@MoneySmartMum]

Thankyou it really works well for us. I did have a gym membership at the start of the year and the direct debits were coming out of our joint bank account hence why they are in our main house budget. I cancelled my membership in May 24 as I just wasn’t going enough😬 there is still money for me to use for exercise but I’ll be honest I’ve been pretty slack these past couple of months🫣 and definitely something I need to start motivating myself to do again!! Thankyou for watching appreciate it so much💜💜 have a wonderful weekend!

[@michaelgriffiths5060]

@18:42 "we don't really eat out so we buy nicer food from the supermarket". @11:50 "here's our misc spending...cafe's, mcdonalds, krispy creme etc...$544 per month". Since you have all this great information you need Caleb Hammer to carry out an audit. 🤣🤣🤣

[@MoneySmartMum]

I love watching Caleb, he’s great isn’t he!!! And you are absolutely right, once I rewatched my video I thought EXACTLY the same🙈 I think when I say ‘eating out’ I mean going out for dinner at night time. This video has shown me my downfalls😆 and I will definitely be trying better in July🤞🏻🙂 Thankyou for watching my video really appreciate it being a new you tuber. Have a great week!!!

[@selgeaus]

Wow, our eating out for June was around $180 (for family of 3)

[@MoneySmartMum]

@@selgeausthat’s excellent!!! Something we need to focus on, I’m thinking I should have another column in my spreadsheet now to keep better track. Always room for improvement 👍🏻

[@brad5185]

The school contributions are optional (assuming public school), save yourself some money. No matter how many angry letters you get from the school you do not have to pay this. You can confirm with a quick google.

[@SpookFilthy]

Yeah be a leech on everyone else.

[@brad5185]

@SpookFilthy it's not leeching, you pay for schooling in taxes. Anything on top is not paying for the curriculum, it's to cover the schools' poor money management or nice to haves..

[@SpookFilthy]

@@brad5185 rubbish you're leeching off the other parents. Taxes don't cover it.

[@MoneySmartMum]

Yep the kids are in public school and I’m fully aware the contributions are optional, however we are more than happy to contribute to our children’s education🙂 Thankyou for watching👍🏻

[@SpookFilthy]

@@brad5185 You are leeching off other parents. Your kids benefit from other parents contributions. Taxes don't cut it.

[@SuiGenerisPerspicacity]

hey good job! respect

[@MoneySmartMum]

Thankyou so much☺️

[@Ganthian]

Thank you for sharing all this, I really like the way you've setup your budget/template - I think I'll incorporate a few of those tabs. Also it's wild to me that I'm paying vastly more in rent than your mortgage 😂🤣😅🥲 oof.

[@MoneySmartMum]

Thankyou!! It’s been a work in progress for years😆 my husband thinks I’m over the top but i love a good spreadsheet🤓 I will say we do have a small house (on a 300m block) and this does reflect the low payment. I know and understand how painful rent payments are at the moment😠 it’s not good -are you also in Perth?

[@Ganthian]

@@MoneySmartMum Thanks for the reply! we're currently in SA on a 280m lot, our rent just went up $180 a week for our new lease but because there are so few rentals available we didn't really have a choice 😅 I also love a good spreadsheet, probably too much! But I really like your layout, it's cleaner than my current setup so I've already made a few changes to mine now because of it 😁

[@MoneySmartMum]

OUCH THATS A LOT!!!🙈🙈🙈 Thanks it has taken about 10 years to perfect😂 pleased to hear I gave you some tips to improve your spreadsheet🤓👍🏻

[@sewathome]

​@Ganthian Did you miss a 0 in that number? $180 a week would be way cheaper than the mortgage from this video.