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Spending and potential savings

December 8th, 2007 at 11:33 pm

A lot has been happening here, financially, for the last week. This could be a long post, unless I get tired.

Firstly, we finally got our car converted from "petrol" to "LPG (gas)". It cost $2400 but it was only $400 out of pocket because we will be able to get a $2,000 rebate back from the federal government (which should take 2 weeks to get processed). We should be able to save around 40-60% on our fuel bill from now on. It was interesting to see the difference in prices. Last week before the conversion we filled up the car (although there was still some in the tank) and it cost us $72 whereas the cost to fill up the LPG tank for the first time was only $40, a saving of $32 (44% saving). DH thinks the saving should pay off the conversion in about 5-6 months time. We are planning to keep the car for another 7-10 years. I was thinking to keep budgeting the same amount for fuel per month and will just save up any saving towards the car fund (for repairs, rego, car insurance and for our next "new to us" car).

On another financial news, I counted my coins in my piggy banks and there are $135 that I can add to our xmas fund. In total we have $655. Already spent over $200, already bought turkey and bought about half of the gifts already. Only need to get some seafood (can't do that until the day or two before xmas)and already thought of what to get for the other gifts just needs to get them. Most of the gifts for the inlaws I just got online they live interstate so it was easier and cheaper.

It was spendy yesterday, I bought a lot of clothes, it was planned and did get a lot for my money. Spent $114.89 for 3 tops (work clothes), 2 jackets (work clothes), 1 top and bottom summer pj, and 5 pairs of sport socks.

Well thats it for me for now. Hopefully we will be able to stay under budget for xmas, I will update my total after christmas.

Posted in Progress, Expenses/Spending | 3 Comments »

3 Responses to “Spending and potential savings”

  1. PauletteGoddard Says:
    December 8th, 2007 at 11:36 pm 1197156992
    1197156992

    It cost $2400 but it was only $400 out of pocket because we will be able to get a $2,000 rebate back from the federal government (which should take 2 weeks to get processed). We should be able to save around 40-60% on our fuel bill from now on.
    It must be nice to have a progressive government, Shiela. I wish the government where I currently live would learn from yours.

  2. mom-from-missouri Says:
    December 9th, 2007 at 12:38 am 1197160721
    1197160721

    How does it compare mpg wise??

  3. shiela Says:
    December 9th, 2007 at 11:52 am 1197201178
    1197201178

    DH thinks it will use 10%-15% more than petrol, the LPG tank is actually a bit bigger than the petrol tank in our car. The petrol tank holds 60 litres whereas the LPG holds 68 litres. So, the 68 litre LPG should drive about the same distance as the 60 litre petrol.

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