Financial Independance

In my opinion, I think that financial independance is whereby we are able to support ourselves in every day life, whilst maintaining the same/and or better lifestyle that we currently have.

To achieve that, I believe it requires hard work and persistance

Expense tracker

I find it hard to keep track of what I spend, because I never really use to keep track of things I spend, I usually have a set amount of money that I set for myself to be the cap for each week, and living here in Hong Kong has been especially hard for me to keep track of how much I spend, because everything seems so cheap and affordable here, If it wasn't for work, I would be buying things everyday, a little bit here, and a little bit there.

I think i have to write everything i spend down.

Unit 2b savings -

Things I can cut back expenses on mostly would be food, I could always bring my own food, but I'm too lazy, thats basically it, I don't go to they gym anymore so I don't have to spend money over there, and I'm only at uni 2-3 days a week, and it's usually a 1/2 day, so my uni expenses are actually quite small.

I think with alot of people, the more money they have, the more expensive things they buy, or the more money they will spend, in a proportional ratio to how much they earn. Which is why I think budgeting is difficult, because no matter how much we earn, we will eventually spend it. Things such as bargains, cheap deals here and there, buying dinner for other people add to the difficulty to budget

Ten steps to financial security

GENC3003 - Personal blog entry

I think the things that would yield the most happiness to me in the next 40 years would be the quality of life, and a sense of contentment.
Things I think i'd spend too much money as a student would be things such as, petrol money, going out for lunch and dinner, presents, phone bill. To me this seems like the typical student type of spending.

After i looked at the 10 steps to financial security, and listened over the presentation, it seems to me like basic commonsense, but those steps might seem easy on first thought but difficult in process. I currently have a superannuation, but I don't think I am taking advantage of it, by investing my money into it, I am just letting it build up through working.