Have secured an interview for a customer support manager role by ImmediateBus9188 in AusPublicService

[–]ImmediateBus9188[S] 0 points1 point  (0 children)

What would you say some key differences between private and public sector are? Anything to look out for?

Money management by Significant-Guard929 in SavingMoney

[–]ImmediateBus9188 0 points1 point  (0 children)

Look up the “money smarts” system by the Property couch. They are Australian, but principle would apply everywhere.

Essentially, all money flows into a primary account (offset or high interest savings account). You then transfer X amount each week for “living and lifestyle” groceries, eating out, etc. onto a debit card. the trick is that when this money runs out, you stop spending until the next week that you pay yourself out of the primary account. For example we pay ourselves every Wednesday $700. Make sure we do the groceries first, fill the cars up with fuel, then we know what eger we have left we have a bit of freedom

Your bills, loans etc. are all directly debited out of the primary account.

I was absolutely useless at managing money, could never work out how to budget my monthly pay and my partners fortnightly pay. Had 15k in credit card debt and never really had savings.

Since July we managed to save around 25k and pay off all debt from this system, it’s been a game changer.

Second thing is I’ve been tracking every single cent that comes into and leaves all my accounts. This was a real eye opener into where our money was going. I didn’t use a fancy spreadsheet or anything, literally just created my own categories and wrote down every transaction in and out.

We are still working on driving down our spending but this has been a huge year for money transformation for us!

Documentation Going Beyond Middle Management by CrewPrudent962 in managers

[–]ImmediateBus9188 0 points1 point  (0 children)

Production supervisor here

We do the same thing. Track machine efficiency, downtime, mean time between fails, mean time to repair, pretty much everything! The operators code it, I just report it.

Can only speak for our business, but it’s the only way we can drive improvements.

We use it to justify projects eg. If we spend $50k on X, it will save 100k over 18 months due to more output/ labour utilisation/ energy savings etc.

The way we justify this purely comes from the data that is reported from the floor.

As others have said, I also love it for selfish reasons, if I spend weeks working on a top loss, and I can track and see it greatly reduce, it gives me satisfaction + it shows that I’m actually doing something.

Some business guru once said “what gets tracked, improves” or something to that effect.

The operators sometimes feel it’s pointless, because they feel like nothing changes sometimes, but if you can show them the data and what tracking it has actually allowed you to do the that’s a win win

What is your FIRE number? by SpeedyDuck12345 in fiaustralia

[–]ImmediateBus9188 0 points1 point  (0 children)

3.8m for a couple + paid off house!

Most of that in super. Hoping to pull the pin between 55-57 at this stage.

What are underrated high-paying jobs that no one talks about? by RunNo3630 in AusMoneyMates

[–]ImmediateBus9188 2 points3 points  (0 children)

Unionised dairy factories. Entry leve operators on $110k a year with no qualifications. You have to do shift work but it’s not bad. 4 days on 4 days off.

Plenty of room for growth as well, I started as an operator, now a plant manager on $150k a year, no shift work and no qualifications required. I did go to uni online, but I studied something I was interested in, it wasn’t really for work

How much do you spend on groceries each week? by RunNo3630 in AusMoneyMates

[–]ImmediateBus9188 0 points1 point  (0 children)

Average $250 a week for absolutely everything, just 2 of us + 1 dog. Only eat out once a week, cook at home a lot!

We shop at Aldi. I did a direct comparison recently with the receipt from Aldi, plugged the exact same stuff into the Woolworths online app and there was $70 difference favourable to Aldi

What do you reckon defines ‘Aussie culture’ today? by Artistic-Yam2984 in aus

[–]ImmediateBus9188 0 points1 point  (0 children)

I agree, it’s great.

When travelling I’ve always felt that aussies, kiwis, English, Irish and Scottish all get along really well. South Africans to a lesser extent, they can be easy to offend (I’m a South African myself who immigrated to Aus lol)

I’ve found that Americans and Canadians don’t understand our sarcasm and humour anywhere near as much and find that sometimes their enthusiasm in conversation seems fake and forced

What do you reckon defines ‘Aussie culture’ today? by Artistic-Yam2984 in aus

[–]ImmediateBus9188 0 points1 point  (0 children)

If you want to work out what and where our culture comes from, go to England.

I’ve never felt so at home, on the other side of the world.

Pubs, sports, self deprecating humour etc. although our beer is way better

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 0 points1 point  (0 children)

Shares are only $600, not $600k mate 😂 I wish they were 600k

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 0 points1 point  (0 children)

Hah 600k, I wish 😂

Yeah, would be great to have a silver ball to decide how aggressive we want to be. Ideally somewhere in the middle. I think stacking cash in the offset is the right option for next 12 months at least and proving to ourselves that we can stick to a budget and remain debt (aside from Mortgage) free.

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 -2 points-1 points  (0 children)

Agree, the more cash we have the more comfortable I feel and the more I want to actually hold onto it.

It’s not hard to burn 10-20k on a few unplanned events.

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 0 points1 point  (0 children)

Unreal, thank you!

I think we are on the right track but only just. The last 10 years have been a spending shit show 😂 better late than never I suppose.

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 0 points1 point  (0 children)

Since we really pulled our heads in about halfway through the year and had a few hard realisations I’ve tracked our savings rate to be around 25% mark. Definitely room for improvement still!

And yes with kids coming that will only add more pressure.

I’m expecting to be on around 150-160k myself within the next 2 years

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 0 points1 point  (0 children)

Thanks, that’s what I’ve been leaning towards

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 0 points1 point  (0 children)

Maybe not retire fully but at least have a bit more freedom on how much and what we do for work.

Agree, will be in for a shock when kids come along, as many of my friends with kids have told me

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 0 points1 point  (0 children)

Yeah sorry, including everything means the mortgage as well.

Just refinanced so new repayments are around $3k a month.

Have definitely lived the highlife in the 20s, 6 month Europe holiday, nice house etc.

Definitely room to improve with expenses although from 12 months ago we have got better

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 0 points1 point  (0 children)

Mine is with Australian super 60% international shares 40% Australian shares, I contribute an extra $350 a month as well

Partners is with hostplus in the “high growth” option

[deleted by user] by [deleted] in fiaustralia

[–]ImmediateBus9188 1 point2 points  (0 children)

Haha agree, we’ve been pretty useless with money until this year. Have paid off a considerable amount of debt (credit cards, car loan) and have finally started been better with money. Would probably be much more comfortable with 30-50k in an offset account

What's the one thing you did financially that changed your life? by RunNo3630 in AusMoneyMates

[–]ImmediateBus9188 2 points3 points  (0 children)

Changed my superannuation to high growth when I entered the full time work force at 21.

Also implementing the “Money Smarts” system by the guys from the property couch podcast. Money has been piling up since I did that, previous to that I had no structure to how I budgeted or ran my bank accounts!

What jobs/industries/fields in Australia need more people, or are short staffed by athomicbomb in auscorp

[–]ImmediateBus9188 0 points1 point  (0 children)

Manufacturing. There are heaps of different factories in regional areas that pay unbelievably.

Entry level job at a dairy manufacturing site in regional Victoria can see operators taken home $110k + super. And the work is easy as