Saturday, March 26, 2011

Slush Fund

This is my new blog.  Here is my online escape from the daily grind of public accounting.  I don't want to whinge about work, but instead will use this blog to plot my life after I complete my CA.

My first post is about setting up a slush fund to work out what I want to do in about a years time when I will quit public accounting.  I got the idea of the slush fund from Advance Riskology.  Credit where credit's due right?  Here's a bit of a brief of my initial budget to which I will amend as I go along.

Here's a monthly briefs of expenses I think I will need.  

$1,600 rent
$ 400 food
$ 30 travelling costs
$ 200 extra
$50 donations

In total just short of $3,000 per month.  I plan to be away for about 9 months, so I need $27,000.

The good news is I already have that much saved.  However this amount does not include the amounts I will need for the business that I plan on starting...

Well that's it for my first post

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