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Reality check

I earn $775 per week, after tax.

My minimum mortgage repayment is $472 per week, which will probably increase thanks to the mining boom.

So now I have $302 to play with…

…sans fixed expenses: landline, mobile, internet, home insurance, car insurance, work indemnity insurance, council rates, car registration, gas, water, electricity, and petrol…

Crap.

In order to minimise my mortgage and avoid living off credit, I’ll have to channel Margy Osmond’s ‘historically cautious shopper’ who knows that ‘frugal is the new black, saving is the fashionable thing…and being a bargain hunter is…a badge of honour’ (via The Age).

In other words, it’s must be thrifty time.