u/AdviceThrowawayKitty

I have a severely limiting physical disability, a child and a small dog and trying to be as financially stable as possible. I can't work but do things like rent our my garage and get a small amount sometimes from my published book.

Income

DSP FTB $1412

Child Support/Spouse Maintenance $550

Earnings $50-$70

Total = 2012 a fortnight

Debt

Mortgage is $380 a week (255k remaining)

Credit Card limit of 1k

Assets

Car 15k

Home 175k

Shares 8k

Bags/Jewerlly 5k

Super 30k

I have 4 mortgage repayments worth in my direct debit which comes out fortnightly. I add an extra 20-30 a fortnight to continue to build a buffer

I invest $20 into my managed fund portion of my shares every fortnight

I invest $20 into my super as over time it can make a difference

I have a buffer account it's usually at 5k but emergency expenses has gotten it to only 2 and I'm not very comfortable with that. It builds still at 20 a fortnight.

I can afford our life but just. I essentially have sinking funds for all expenses even going away a few nights a year, kids expenses and the correct amounts to afford everything goes into those accounts every fortnight.

Once everything comes out I have little left as am working with such a small amount. The above amounts are the maximum I can put aside consistently at the moment. I still have to dip in at times into my buffer as groceries are so expensive and so are my meds & and medical expenses (was in hospital 7 times in 4 months)

Open to any tricks and tips or advice. How can I earn money for 2-3 hours a week mental work? It's all I'd manage broken up into small chunks spread over the week.

EDITED WITH BREAKDOWN

Transfer to Christmas Holiday — $40

Transfer to Body Corp Rates Water — $170

Transfer to Birthdays Fun — $40

Transfer to IV Saline Meds — $130

Transfer to Dental Glasses — $32

Transfer to Car Expenses Insurance House Insurance — $100

Transfer to Mobility Scooter — $20

Transfer to Child Expenses — $40

Transfer to Mortgage Direct Debit Account — $230

Transfer to Mortgage Direct Debit Account (Child Support) — $550

Transfer to Credit Card — $200

Transfer to Shares — $20

Transfer to Super — $20

Transfer to Child Pocket Money — $30

Total Expenses — $1,622

Credit card covers internet mobile and electricity $60 $14 $70 and one streaming service.

The rest goes to majority groceries.

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u/AdviceThrowawayKitty — 22 days ago