It’s a long time between drinks as the saying goes.
Just after my last entry in November our world changed. On the day we picked up the new car, which was Nicole’s birthday, we found out we were pregnant. For a couple who had accepted that being childless was their lot in life and had made lifestyle changes and decisions based on that, we now find that our world has been turned upside down, in a good way.
So no more European Holiday for us mid year, all available funds are being squirreled away to allow Nicole to take a good chunk of time off work and stay home with the baby.
She gets 2 months paid maternity leave from her company, which can be taken at half pay for 4 months. This gives us the advantage of her PAYG tax being reduced, which should see a little bit of a bump in take home cash compared to getting 2 months paid in a lump sum at the start. I get 2 weeks paid paternity leave from my company, and a possible extra 2 weeks paid Dad’s leave from the government at minimum wage. There is also the governments baby bonus ~$3000, which is to be scrapped in 2 weeks and 9 months according to last nights Federal Budget.
Nicole is looking at taking time off work from her 34th week, and has already booked the annual leave to do so and is counting down the days. Her maternity leave kicks in after the baby is born and she’s planning on taking 6 months off post partum. At the end of that 6 month period I’ll be taking a couple of months off work on annual leave and take over primary care giver duties, while she returns to work, be it full or part time, that decision is yet to be made.
We already have the baby furniture requirements covered (delivery is this month) and the curtains are already hung in the nursery. The first of the baby showers (her work) has been held with the other for family and friends in the middle of June. Some great gifts have been given to us already that will save us a good bit of cash.
I will be going through the journals of the ladies on here that had children last year and brushing up on my “needs to haves”.
House Loan: $491,299.18
CUA Personal Loan: $22,857.72
That’s a decrease in debt of $15056.97 in 6 months.
In the positive column we have:
That’s an increase of $8920.95 in 6 months.
Still trying to offload the car, it’s on the local online car selling website. I have had one interested buyer, but they need to sell their car first, so I consider that to be no sale. We have the newer one, but as it’s a lease for Nicole’s work, it’s not an asset. We need the cash from our old car to help cover us for future time off for the new baby due at the end of July. We don’t have to have it sold right now, but will need the cash from it sometime around Oct/Nov.
Good chance the house value has also gone up. But there’s no point getting in a valuer as we’re not interested in selling. The CUA loan is slowly being whittled down.
So our targets which have changed from last year, look like this halfway through May:
(Will update to an actual image, when i can remember the login details for my online file storage
Start of 2013 This Month Target %
House Loan $499,452.97 $491,299.18 $480,000.00 41.92%
CUA Personal Loan $ 23,851.82 $ 22,857.72 $ 21,000.00 34.86%
Gold CC $ - $ - $ - 100.00%
EF $ 1,291.40 $ 156.31 $ 2,000.00 7.82%
Car Maintenance $ 501.99 $ 639.84 $ 2,000.00 31.99%
House Maintenance $ 250.17 $ 1,434.75 $ 5,000.00 28.70%
Christmas Savings $ 250.28 $ 1,263.41 $ 2,000.00 63.17%
Godson Fund $ 1,313.08 $ 1,834.32 $ 2,550.00 71.93%
Baby Fund $ 2,699.31 $ 5,058.42 $ 20,000.00 25.29%