‘Spending is a part of having fun with life, nevertheless it’s all about stability’

“Whereas I haven’t gone out of my solution to put my $20 of purchased coffees into financial savings, I’m simply discovering that my wages go additional,” she says.

Journey is on the playing cards sooner or later. “We’ve obtained a dream to journey, which we needed to placed on maintain on account of COVID-19,” Katie says.

When her kids are older, Katie Collins wants to travel around Australia and the world with her family.
<p><span class="_2Li3P">When her children are older, Katie Collins desires to journey round Australia and the world along with her household.</span><cite class="ojLwA"><span class="_30ROC">Credit score:</span>Krystle Wright</cite></p>

She spent lockdowns considering life caravanning round Australia, and in addition travelling via the US and South America.

“When the youngsters are older, my husband and I’d undoubtedly like to journey,” Katie says. Saving for that objective has grow to be a precedence.

Within the brief time period, she has discovered herself recovering from a latest monetary setback.

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“We had a big expense to cope with after my automotive was written off,” she says. “We needed to cowl a $3000 hole between the insurance coverage payout and the remaining finance. Not enjoyable,” she says.

Katie’s monetary philosophy has at all times been: “By no means a lender nor a borrower be.” Nonetheless, she now admits that she has realised that not all borrowing is dangerous.

“I’ve discovered some vital monetary classes later in life. I want I had been higher educated about what it meant to be a borrower, and the way that may enable you to in life,” she says.

Nonetheless, Katie realises that it’s by no means too late to begin saving.

“I’d prefer to have extra financial savings, so I’m build up my money pile once more after we’ve been via a interval of investing.

“Nonetheless, on the identical time, I really feel that life is brief, and spending is a part of having fun with life, so it’s about discovering the suitable stability,” she says.

Katie Collins

Age: 43
Location: Botany, NSW
Job: Promoting
Wage: $170,000, plus superannuation
Residing preparations: Renting with husband and two kids

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