August was a big month in spending and personal challenges.
After successfully getting my motorbike learners permit at the beginning of August, I found a second hand motorbike in the exact, vintage-style model I was after. Not only was it great to find the perfect bike, but negotiated the price down from $4,000 to $3,500 and received free gear with it which I’m selling for extra cash.
However, the first day I took my Suzuki out for a ride I also had an accident on a rainy, cold day which left me with a sharp sense of reality and pretty shaken up. For a long time, my bike was left gathering dust in the garage post-accident. I’ve been back on since, however still have an irrational fear of getting back on and almost reluctant to go for rides now despite the weather feeling more and more like Summer.
On a more positive note, a friend came to visit me in August and we spend a long weekend being tourists around Melbourne, seeing art exhibitions, going to hot springs and wineries (perfect in the icy Melbourne winter) and shopping. It was a wonderful visit and it’s always nice having friends from home come and visit me in a new city and exploring together.
I completed my home in Melbourne by buying some final pieces of furniture and there was an unexpected purchase of a washing machine after my existing one died a slow and painful death.
How much did I spend in August?
Vehicle expenses were high as I paid the motorbike in cash and rented cars while my friend was visiting and for the motorbike course. Shopping was equally high as I had to buy motorbike gear (very expensive!) including a helmet, gloves, 2 leather jackets and a pair of leather pants. The washing machine was affordable however still cost $600.
What is my net worth?
Despite high expenses this month, my net worth increased marginally by $226. Not a notable increase but an increase none the less. I invested more in shares this month, however my emergency fund kept dipping as I needed to pay off my credit card and this was the only source of available cash (a better solution than not paying it off and accruing interest charges).
How is your current month going? Did you have any highlights? Low lights?
xx Miss Piggy