Year of Zero – End of Year Review

We have made it to the end of this mad, bad, sad year and here I am with the Year of Zero – End of Year Review. At least in Australia, things have returned more or less to “normal” with no community cases for COVID for X days. The US and Europe are in mid-winter and things are getting worse. (I wrote this piece in mid-December and since then Greater Sydney which now includes Wollongong, has been hit by another bout of COVID19 with partial lockdowns and borders re-closing. My return to normal prediction was a little early!)

End Of Year Review

Over the last three months, (October – December) I feel like I have taken my foot off the spending brake and not stuck to my plan well. I did reach my savings goal but I think I could have done better. I have made a few purchases in preparation for my Great Southern Road Trip and although I am putting those on next year’s balance sheet, it has led to a change in mindset. I have been less frugal and more ‘spendy’. I have succumbed to some unnecessary purchases and while for the most part, they were second-hand op shop finds they were still not essential. AND of course there was Christmas! Although I don’t need to buy many gifts there was some outlay.

On top of that, in late November I discovered that I have to do a very expensive plumbing job on my home as the roots from a large tree have cracked and blocked my stormwater pipes. The build-up of water is flooding my neighbours’ yards. It’s going to cost several thousand to fix. Thankfully, I can split the bill with the other strata owners and most will come from the Strata funds. However, I think it will be more than we have set aside. 

My ultimate financial goal is to pay down my mortgage debt so I can retire by 2023. As a result, next year and the year after will need to be Close to Zero Years as well.

My self-report for the Year of Zero – End of Year Review follows.

1. No overseas travel

A stunning success! All year I have not stepped off the continent of Australia! 

Score: 10/10

2. No extended travel within Australia

I did go to Broken Hill in late September which I included in the last quarter review. I also went to my Mum’s for Christmas. Only cost being the train fare so all good on this front too. 

Score: 10/10

3. No New Stuff

My goal is to buy no new items and only replace things that have broken or worn out. 

Allowed items

  • My phone screen needed to be replaced. This was expensive – but the repair was ¼ the cost of a new phone so worth doing.
  • The zip on my wallet broke so I had to replace that – 2nd hand. 

    Items not on the list

  • A book “Designing Your Life” by Burnett and Evans
  • I got my 2021 wall calendars printed but have sold enough to cover the cost so this does not really count. 
  • Gifts for family members including (too much) Lego for my Grandson. 
  • I spent a fair bit buying some unnecessary clothes from Op Shops this quarter. I justified it by clearing out some other stuff from my wardrobe but I really could have done without it. At least it was not new!
  • Not “stuff” but I did pay for a subscription to Future Crunch and The Guardian.

Score: 4/10

4. Reduction in expenditure on groceries

This category is back on track. I have been making good savings on food and usually have some leftover cash at the end of each fortnight. I have been squirreling this away to use as a food kitty for the upcoming festive season. I also have been stocking up the freezer so will be able to have a few “free weeks”. For those of you who might say why don’t you cook less? Well, it’s a bit hard to make a single serve of spag bol!! I think next year I could investigate cutting back the allocated budget a bit more.

Score: 10/10

5. Side Hustle Happening

I actually made some progress here. As I said above I have sold enough of my calendars to break even and cover the cost and I sold some of my beeswax wraps. I’m not ready to list myself on the stock exchange yet but at least I made a bit of cash! (BTW there are still some calendars left if you’d like to buy one!)

Score 8/10

Buy one!

6. Only sign up for free courses

I didn’t do any courses free or otherwise this quarter.  I have been snowed under with the day job! 

Score: 10/10

7. Sell some of my stuff

No, no action here

    Score: 0/10

8. Concentrate on free activities. 

I think I have done OK in this category. I went on a few adventures with my grandson which required only train fare and food. We got free tickets to the Australian Museum when it reopened. I did a long walk (31 km) with some friends in place of the Seven Bridges Walk, this was “free” although we did make a donation to the Cancer Council. I went out for dinner once with a friend and although I went to trivia several times, my expenditure was very low as I ate before I went and I stuck to one non-alcoholic beer. 

Score: 7/10

9. Zero-waste-eco-warrior

I am still using more plastic-wrapped foods than I‘d like as I am having trouble finding suitable replacements. I made a one-off investment bought some salad vegies and herbs. I think I could grow those in summer at least. Apart from this, this goal is going well. It’s become ingrained, rather than special now. 

Score: 7/10

10. Year of Zero Booze

The day before this post is published will be the 365th day of my Zero Alcohol challenge. I made it right through!  It is no longer a challenge and it will be a big decision as to whether I start drinking again. 

Score 10/10

and the final score is…..

This quarter, my frugal-o-meter score is 76%. The highest so far, so despite feeling like I let the side down buying clothes I didn’t need, I have ended up OK!  

Here end-eth the Year of Zero 2020. I’ll let you know at the end of 2021 if I have stuck to my savings target despite not having a declared Year of Zero. I intend to remain frugal but will be doing some extended travel! Stay tuned for the Great Southern Road Trip!