Today I invested another $250 into our mutual fund. It took nearly a month since the first $250 investment that we made. It earned almost $2 since then. Not bad considering the market these days.
I still do not fully understand why things are the way they are at the moment. In the news this evening they were reporting about the decline of markets everywhere since the beginning of the year. USA might go on recession? Really? What is going on?!
I have already been considering investing in other types of mutual funds Raboplus offers but only after we have invested at least $1000 in our cash advantage fund. Patience, patience, patience!
Officially my maternity leave does not start until the last week of this month but I already did yesterday. The rest of the days leading to my official maternity leave are filed as sick days, so that means I’ll still get paid for those days.
During my maternity leave, saving and investing will slow down to a rate most unwelcome. Expenses will, well, increase having my folks over and the addition of the new little member. By how much they will increase I still don’t know. I think I’ve already given myself enough time to stress over that that I’m fine about that now. The spreadsheet has helped to give me ideas on how to spread the resources and plan ahead. So far this is what I came up with.
It will still get its $50/fortnight contribution.
It looks like the most sensible thing to do here is to decrease our fortnight contribution by 60%. Ouch.
Now that CC1 is paid off, tackling CC2 and CC3 are next in line but they will be paid slowly. Hopefully there will be no need to use any of our credit cards during my 15-week work hiatus.
Overall, stashing money in savings will drop to around 7% from the usual 14% a fortnight.
Should J’s KiwiSaver start during my leave that would only mean that his take home pay would be deducted by at least $100 a fortnight. That’s fine! That’s still money invested and that’s always a good thing.