The end of June means the end of the KiwiSaver year, and I’m happy to say that we both contributed enough over the past 12 months that we will get the full Government contribution when the time comes. Having said that, you’ll see our balances are actually a little lower this month, so despite our contributions the market hasn’t been in our favour. No worries there as this is a long game.
So here’s where our figures are at as of the start of July:
|KiwiSaver – Mr R2A||$22,980.81|
|KiwiSaver – Mrs R2A||$13,066.82|
|Eat My Lunch||$500|
That’s an increase of $2,976.59 over last month, or 1.03%. Significantly, it means our goal of having $4,500 in Sharesies this year is achieved six months early! We have opted not to adjust the goal, however we will continue to contribute to Sharesies for the remainder of the year.
The rest of the year will hopefully see a continued steady increase in line with what we’ve seen this past month. My employer is providing employees who earn below $100,000 with a modest 2% pay rise this year, which is more than I expected given the circumstances, so that will be gladly received! As we’ve already budgeted ahead as far as the end of our mortgage, this isn’t a windfall, the money is allocated for when it arrives. But it’s allocated in a way that will mean we increase our savings rather than experiencing lifestyle creep.
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