2nd Quarter 2019 Update

Halfway thru 2019 already!

We have been a little busy/sleepless nights lately with the arrival of our new twins in May! Boy and girl, both happy and healthy. Completing our family of 5.


Time to update our progress.

Total Income $28,880

Total Expenses $15,713

Savings Rate 45.6%

Home Loan Balance $-256,602 (Down $11,901 Q2 and $22,755 for 2019)

Hitting our goal of home loan under $260,000 and we are looking good at the goal of $245,000 before end of year.

Travel $0

Work and paternity leave only this quarter. No time for holidays with the arrival of our new babies.

Goals Update

  • Hit 50% savings rate – We hit 51% savings rate in May but the other months let us down.
  • Under $245,000 Home loan – $11,602 to go!


Spending was higher then expected due to purchases for the twins. (Small price to pay)

We still managed to put away a decent amount onto the home loan. ($11,901!)

Look forward to bringing you the next update,



Grocery Shopping

Over the last few months, we have been doing 90% of our grocery shopping online and having it delivered home.

We had been receiving FREE DELIVERY because of a credit card. This offer has recently finished.

Now i need to decide if the time saving is worth the cost of actual delivery charges.

Value of my Time?


It has been a huge time saver, not driving to shops, parking, searching up and down aisle then waiting in a queue to check out. Not to mention dragging a toddler around the shops.

In my area, there are two main options.


under $100 = $15 fee

$100-150 = $12 fee

$150-200 = $9 fee

Online order Pickup = $0 fee


$any = $4 to $20 Depending on location, time of day, length of delivery window.

over $150 = $0 only with a 8 hour delivery window ( Flexi-Free)

Click&Collect = $0 fee


Our normal shopping budget is around $90-150 depending on the week. Although with the twins coming any day now, the extra nappies and supplies will bump this number up.

I believe the Click&Collect/Online Pickup for no cost is defiantly worth doing and more people should be using it. I am in and out within 5 minutes!

Our shopping will probably hitting $150+ in the coming weeks and with someone being at home in the 8 hour window, we could use the Flexi-free delivery offered by Coles.

If I had to pay for the service, I think $9/week, $36/month or $468/year is too much for me to justify. But if i can game the system by using free online pickup and flexi-free deliveries, I can get best of both for no cost.

After using online shopping for a few months, I totally see this as the future of grocery shopping. The grocery store will become more of a delivery warehouse then a corner store. While the competition is still strong between the main players, we can benefit from it.

ChooseFI recent podcast about American grocery shopping.

What are your thoughts? Are you using any grocery shopping delivery?

Carry On Luggage Only Australia

Jetstar_787_at_Sydney_AirportWith a growing family (5 any day now!) who still wants to travel, optimizing our travel costs is very important to us.

Flights make up a large percentage of our total travel expenses. So using affordable low cost airlines makes sense.

The problem with low cost/budget airlines is every extra comes with a fee. Want food? want to sit together? Want checked luggage? wifi? $$$$

Checked luggage on some airline can cost up to $50 per flight. Learning to pack and fly carry on only is a new skill we will be trying to use as a family.

Below is a link to a blog which a family used carry on only for a 3.5 month trip to Europe.

Packing for Europe in Summer: Carry On Only Packing List

Being based in Perth, Australia we are at the doorstep to South East Asia below is a list of Australian and Asian budget airline with carry on bag limits as of May 2019.

Jetstar: 56cm x 36cm x 23cm + small bag total 7kg

AirAsia: 56cm x 36cm x 23cm + small bag total 7kg

Scoot: 54cm x 38cm x 23cm + small bag total 10kg

Tiger Air: 54cm x 38cm x 23cm + small bag total 7kg


Here is a link to a backpack which I will be looking into for future trips. (not a affiliate link)


Any other families have carry on only tips?

Dunsborough Family Holiday


Our week in Dunsborough started with a plan to stay one night for a family friend’s wedding. A house/apartment large enough for us to fit was going to cost $250/night with a minimum of 2 night stay.

Instead we again used one of the holiday home program offered through Mr FMT’s employer, instead of costing $500 for 2 night we only paid $410 for a week!

IMG_8578 (1)

It was also a good chance for the three of us to getaway before the birth of the twins in coming months.


Our mornings were spent in playgrounds around Dunsborough and Yallingup. Afternoon we headed to the beaches of Meelup and surrounding areas.

One morning we decided to take our daughter to Country Life Farm, it was a full on morning of feeding animals, playing on bouncy castles, driving bumper cars.


Half the time we ate at home utilizing the full kitchen. The rest was spend at local bakeries, fish and chips on the beach, trying some thai takeaway.


We even tested out some of the many flavors of Simmo’s ice cream, which has a large playground and a “ice cream eating emu.”

Accommodation 7 days $410

Spending Money $414.5

Total $824.5 $117.78/day

1st Quarter 2019 Update

We are already past the 1st Quarter of 2019! Time to update our progress.

Mrs FMT’s small business made a nice extra bit of income this quarter.

Total Income $24,854 

Total Expenses $14,940 

Savings Rate 40%

Home Loan Balance $-268,503 (Down $10,854)

Putting us $8,500 off our goal for 2019 (will need to update our target of end of year.)

Travel $824.5

We had a week pre-babies in Dunsborough in the South West of Western Australia. Beaches, animal farms, parks and ice creams.

7 days $414.5 spending and $410 accommodation

Total $824.5 $117.78/day


Goals Update

  • Hit 50% savings rate – We have not hit a 50% savings rate yet, March was close at 46% but on average 40% which is a great improved on 25% last quarter.
  • Under $260,000 Home loan – $8,500 to go

New Goals for 2019

End of Year to have Home Loan balance at $245,000


Spending was higher then expected due to one off purchases for the twins coming in next few months.

We managed to put away a nice amount onto the mortgage, although this is expected to drop in coming months. With Mrs FMT  finishing up work and Mr FMT pay to be reduced whilst taking time off to be with the new babies.

March was our first full year of expenses tracked, which is a great milestone as this is a huge part in increasing our savings rate by being aware of all expenses.



4th Quarter Update 2018

End of December means the end of the 4th quarter of 2018, which is a good chance to look over our spending.

We had a bit of a bump in income due to Mrs FMT’s small business.


Total Income $28,344 Oct to Dec

Photo by Pixabay on Pexels.com

We continue spending extra on the planned necessary house repairs this quarter. Now with the repairs out of the way we can continue increasing savings as of 2019


Total Spend on Home Repairs $7,690.83 Oct to Decimg_7988 (1)

Even with the home repairs we managed to pay down some extra money on the home loan.

Total Extra Payments on Home Loan $6,074 Oct to Dec

Current Home Loan balance at $-279,357

Just beating our target we set last quarter for end of 2018, to pay down the home loan to under $280,000

Travel for 2018 $2,406

We had two family holidays in 2018 a interstate holiday to South Australia and a trip to the South Coast in Albany. img_7733 (1)

Goals Update

  • Hit 50% savings rate – We have not hit a 50% savings rate yet, December was close at 40% but on average with home repairs was around 25%
  • Under $299,000 Home loan – Done $279,357
  • Essential house repairs that had been put off – repairs are now done

New Goals for 2019

Under $260,000 Home loan

Home repairs to only come from Home repair fund. ($208/fortnight transferred to a offset account for use on future home repairs)

Earn 100,000 frequent flyer points. (in 2018 120,000 qantas points and 65,000 virgin points were earned) Virgin points were used for South Australia Holiday.


At start of 2018 we had sold one investment property but still had one investment property loosing money monthly and no idea on what our monthly expenses were.

Fast forward to today and we have

  • 9 months of expenses tracked
  • a separate 6 months emergency fund
  • budgeting for future months
  • sold investment property
  • carried out outstanding home repairs
  • have a clear view of where we will be in the coming months and years.

This has not only helps us sleep well at night but to make plans ahead into the future.

Which is handy as the FMT family is growing from 3 to 5 in 2019 with twins expected in May 2019.

How was your 2018? and what goals are you planning for in 2019?



Change of Plans for the Blog

person writing on white book

Even though I have a number of unpublished posts ready to go, I haven’t posted in the last few months because I have been thinking about what type of site I want this to be.

I didn’t want to end up with another page of copy/paste FIRE related content. There is already a wealth of great content out there, written and presented a lot better then I could of done.

The blog will only focus on my own progress towards goals and FIRE as well as travel updates.

In the coming days I will have my 4th Quarter update published and go over our goals for 2019.

Photo by rawpixel.com on Pexels.com