Time for a household budget review

My employer reviews salaries across the board every year in June, just prior to the start of the new financial year on 1 July. Due to the GFC salaries were frozen last year, and there had been a minimal 2% "cost of living" rise the year before. So I'm hoping that since the Australian economy is now doing quite well (around 3%+ GDP growth) we should see a rise of 4% or more this year. As soon as the salary decision is known I can start updating our budget worksheet for the next twelve months. Some expenses (such as electricity) are increasing much faster than the CPI, so even a reasonably generous pay rise won't result in any surplus to invest or spend.

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