EV Savings Tracker!
Chasing Fire Down Under Blog
by chasingFIREdownunder
1w ago
Having bought a new car, for quite a hefty price tag, I am determined to earn back the value of the car over it’s lifetime! Since it was an EV, and I am able to claim part of my expenses as a tax deduction, I’m hoping that I will be able to recoup my upfront ..read more
Visit website
Update: June 2024
Chasing Fire Down Under Blog
by chasingFIREdownunder
1w ago
June net worth update! Superannuation and property has done well recently giving me a little boost, but my cash buffer remains extremely tight. As I mentioned in my last update, my cash buffer is currently nothing more than a quarterly save-up for my tax bills. However because I am pumping extra into the mortgage I ..read more
Visit website
Update: April 2024
Chasing Fire Down Under Blog
by chasingFIREdownunder
3M ago
April net worth update! My investment property value has rallied slightly this month, giving me a little boost. My cash buffer is still pretty drained. I’ve accumulated enough cash for my upcoming quarterly tax bill; however I don’t have the full year’s tax set aside the way I usually prefer. That said, I’m pumping away ..read more
Visit website
Solar Electricity Savings
Chasing Fire Down Under Blog
by chasingFIREdownunder
4M ago
Today I went back and looked at my electricity bills over the last few years, and I really am impressed by the savings from our solar system! We were lucky enough to already have panels installed when we purchased our property, so no initial outlay for the installation (though of course, it would have factored ..read more
Visit website
Mortgage Amortisation
Chasing Fire Down Under Blog
by chasingFIREdownunder
4M ago
OK, so after my last post I really started to talk myself out of paying off my mortgage quickly. So I decided to sit down (for several hours!) with an excel spreadsheet and actually run the numbers. All the figures have been adjusted for an inflation rate of 3%, with a real return of 6 ..read more
Visit website
Investing With a Mortgage
Chasing Fire Down Under Blog
by chasingFIREdownunder
4M ago
Disclaimer: This post is NOT financial advice or a recommendation about what you should be doing – merely an exploration of my thoughts on the topic. Does it make more sense to focus on paying off my mortgage(s) quickly, or to invest that money instead? Or is it best to do a bit of both ..read more
Visit website
EV Savings Tracker!
Chasing Fire Down Under Blog
by chasingFIREdownunder
4M ago
Having bought a new car, for quite a hefty price tag, I am determined to earn back the value of the car over it’s lifetime! Since it was an EV, and I am able to claim part of my expenses as a tax deduction, I’m hoping that I will be able to recoup my upfront ..read more
Visit website
How To Pay For A New Car
Chasing Fire Down Under Blog
by chasingFIREdownunder
4M ago
It sounds obvious right? Pay in cash outright, or if absolutely necessary, pay using a loan at the lowest possible interest rate. However, it’s not that simple. A higher interest rate over a shorter term could actually result in less interest paid than a lower interest over a longer term. Let’s take my own recent ..read more
Visit website
Update: February 2024
Chasing Fire Down Under Blog
by chasingFIREdownunder
5M ago
February net worth update! Some big changes over the past few months. As you can see, the cash buffer in my net worth is currently non existent. Why? I just bought a new car! I am not counting that car in my net worth given how quickly they depreciate, hence a sharp drop in my ..read more
Visit website
Tax Effectiveness of Retirement
Chasing Fire Down Under Blog
by chasingFIREdownunder
5M ago
There are many tax advantages for people that have achieved FIRE and living off an investment portfolio, rather than employment income. Time to revisit my figures yet again! Some of the tax advantages that currently exist for investment income include – Tax deductibility of outgoings for investment properties – Tax-free withdrawal from superannuation after preservation ..read more
Visit website

Follow Chasing Fire Down Under Blog on FeedSpot

Continue with Google
Continue with Apple
OR