HOW I TRACK ALL OF THIS SPENDING
As you all know, I use my beloved The Budgeting Tool to track all of this, I have been using it since 2006 & all the net proceeds go to charity.
You can read more about it here.
WHY THE HELL I TRACK ALL MY SPENDING
I have been doing this since about 2006 (when I was $60,000 of debt from student loans), and it has helped me clear that debt in 18 months.
Now, it’s my wealth builder.
HOW I INVEST ALL OF THIS MONEY
I created The Investing Tool to track all of this.
I have laid out my entire (general) investing plan for myself and Little Bun here with exact funds to buy and in what amounts for both Canadians and Americans (YES I WROTE TWO VERSIONS. I AM INSANE) —– Like a Boss Investing: How I spend only 4 hours a year on my investments.
You can make any image below larger by clicking on it.
2013 MONTHLY BUDGET ROUNDUPS
- January 2013 Budget Roundup = + $9959.43 or + 4.98%
- February 2013 Budget Roundup = – ($395.20) or – 0.19%
- March 2013 Budget Roundup = – (5820.49) or -2.78%
- April 2013 Budget Roundup = + $9838.48 or + 4.83%
- May 2013 Budget Roundup = + $5935.56 or 2.78%
- June 2013 Budget Roundup = – ($2426.68) or -1.10%
- July 2013 Budget Roundup = -($5531.57) or -2.55%
- August 2013 Budget Roundup = -($3411.66) or -1.61%
- September 2013 Budget Roundup = – ($14.31) or -0.01%
- October 2013 Budget Roundup = +$2843.20 or +1.36%
- November 2013 Budget Roundup = +$7052.57 or +3.34%
- December 2013 Budget Roundup = – ($914.10) or 0.42%
2013 TOTAL INCOME = $11,433.82
Keep in mind that for all of 2013, I did not work at my regular job as a freelancer.
Anyway, I casually mentioned last year that I wanted to make about $500 a month in side income, and I met that goal each month, with a few shaky exceptions in January and December.
AVERAGE MONTHLY INCOME = $952.82
Am I setting the same goal this year?
No. I think I’ve proven I can make at least $500 a month (casually).
In reality, I am hoping to aim higher and get a contract sometime after Baby Bun is out, but we’ll see.
WHERE ALL THAT $11,433.28 INCOME CAME FROM
- From my actual job as a freelancer = $0. Zip. Zilch. Nada.
- From Side Income, finding money, etc = $11,433.82
2013 EXPENSES = $38,756.06
MAJOR HIGHLIGHTS OF MY SPENDING
I spent 338.96% of my income this year. *laughs awkwardly*
I spent a smidge over 100% of my Side Income just in my Wardrobe / Jewelry purchases alone or 13.35% more this year
The biggest budget booster was getting my Rent down which saved me about $8385 this year.
Biggest dollar ($) increase was in Taxes of $4323, but that was because I paid $0 in taxes in 2012 (didn’t work 2011).
Biggest percentage (%) increase was in Gifts of $2500 by 1146.62% because well.. my mother got a lot of love this year
My biggest waste was probably getting my teeth cleaned 3 times this year at the Dentist for $481. I won’t be doing that again.
Household Equipment had to hold stuff we bought for Baby Bun this year because I wasn’t expecting to get pregnant so it looks inflated at almost $4000.
Miscellaneous really dropped about 97.45% but that’s because I started splitting out the category into more specific areas (Fees, Taxes, etc).
Runner up in biggest percentage drop was Electronics at 91.48%.
DETAILED SPENDING NOTES AND WHAT I PLAN ON DOING FOR 2014:
For all you geeks out there…
THE WORD FOR 2014 IS UNCERTAINTY!
With a baby on the way, I am unsure as to what things will cost, but here’s my best guess:
Rent: This will increase for 2014. We are moving to Montreal and back into our hotel-living situation.
Utilities: This will most likely stay about the same for 2014 at around $100 or so. The hotel includes all utilities.
Groceries: We’ve hovered around the $3500/year range but with Baby Bun on the way, this number will change and be higher.
How much higher? I have no clue yet. It all depends on the baby.
Alcohol: I don’t expect this number to change. $150 sounds reasonable for the year, considering it’s Alcohol we cook with as I don’t drink.
Household: I am finally happy I separated out this section that contains soap, toilet paper, etc away from “Household Equipment” which is pots and pans.
Household Equipment: This will go down at least by 50% as we now have (almost) all our pots and pans, cutlery and almost all the glasses.
This category also held stuff we bought for the baby, so I will be creating a new category for Baby Bun called “Baby” or “Children”.
Office: Let’s stick this at $100, the same as 2013 because I am very likely to buy stamps and mail things.
Transportation: This I think will stay the same even once we move to Montreal at about $1500 a year.
Car/Gas/Insurance: Depending on whether or not I buy a car, this may go up, but for the moment let’s just increase it by $150 to $500 a year so that it covers gas and a definite car rental for our move to Montreal as we will be moving with a baby in tow.
Parking: This will go up from $1.88 for sure if we move to Montreal.
We tend to use the car more in Montreal than we do in Toronto because public transportation sucks.
Then again, if we live in the hotel, we’ll be downtown, so this might just be for when we go and get groceries.
Eating Out: It was about $725 this year, I am expecting the same.
Treats: If we move to Montreal, treats will increase from $200 for sure. I mean, c’mon now! Pastries! Macarons! Tarts!
Starbucks: This will most likely go down next year.
I don’t really drink Starbucks unless I am out with friends, and with a baby hanging off me, this will be harder.
David’s Tea: Tea will go up in spending for sure.
I only spent about $27, but as I will be more at home and less likely to go out, tea will become my (frugal) refuge.
Medical: Healthcare is free here, but prescriptions are not.
I think I’ve purchased all the band-aids and things I need, so I don’t expect this to change from the $750 number of last year, but with Baby Bun I am not sure what this will cost.
Dentist: Uhh.. I won’t be going three times a year next year. ONCE a year, about $150. This amount WILL drop from $481 to $150.
Yoga: I don’t foresee yoga happening in 2014.
I don’t really believe in “Baby & Me Yoga” classes, so unless my partner takes the child while I am in class, this is not happening.
Grooming/Spa: I will be getting a haircut and possibly another pedicure, so $250 sounds reasonable here.
Electronics: I don’t really need to buy anything.
I have my eye on some new external hard drives (super slim 1TB), and possibly an iPad Mini but this is just only if I end up working then I’ll buy those items. Otherwise, no.
Books/Magazines: This will drop significantly from $145 from last year.
I do not plan on buying any books or magazines, but I WILL buy a few, so maybe $50?
Gifts: I really went nuts this year at $2500 on my mother for things for the kitchen and for her (like a winter coat).
This will most likely drop back down to $200 or so as I redirect the money to Baby Bun.
Wardrobe/Jewellery: THIS HAS TO COME DOWN. THIS IS AWFUL. AWFUL. AWFUL. It’s a good thing I’m swearing off retail purchases until AT LEAST Black Friday. Only secondhand / consignment stuff for me.
That is all.
Toiletries: This should stay about the same at $700, although I’d like to get it down to $500 or less seeing as I have my beauty regimen pretty much locked in stone now.
Makeup: This will most likely stay about the same at $439 because I kind of have my eye on a few beauty things (frivolous stuff).
Website: This should stay at about $135/year. That’s what it costs. I kind of expect it to increase to $200 to be honest.
Travel: This should be a big fat $0 next year. With a baby, I am NOT INTERESTED in traveling unless it’s by car and within a reasonable distance.
Travel Accessories: This should also be a big fat $0. Or very close to a $0. I will be merging this into “Travel” so that I have a category open for the baby.
Fees: I expect to pay about $200 in unavoidable fees per year so this is not a surprise.
Taxes: I expect to pay about $0 in taxes next year. I did not make enough in my side income, but I also did not work. That said, I did make some capital gains so taxes will be under $1000.
Government: I expect to pay about $200 in renewing my license and so on (again, dependent on if I get a car), so this will either double or stay the same.
Miscellaneous: $40 is not too shabby for a Miscellaneous budget. I want to keep it under $50, so this is good. It was a significant drop from the $1500 of 2012!!
2013 SAVINGS = $0
Savings? What savings? You mean SPAVINGS?
I did not contribute to anything in my ING Direct Canada Emergency Fund.
If you sign up for ING Direct Canada, use my referral code: 32726976S1 to get $25 CAD FOR FREE!
Yes. I did a lot of that (spending to save = spaving).
I spent almost 340% of my income this year!
2013 DIVIDEND EARNINGS = $3321.61
This is not included as part of my $11,000 income above because it is all re-invested back into buying more stock.
I keep 99% my investments in my registered retirement accounts (RRSP and TFSA), as well as outside of those accounts (regular investing) at Questrade.
Use my Questrade referral ID: o0soehds and get $50 CAD in free trades
2013 END OF YEAR NET WORTH = $217,275.17
Ended above the $200,000 mark.
I consider this year a success.
2012-2013 YEAR FOR MY NET WORTH CHANGE
2013 START: $200,145.63
2013 END: $217,275.17
INCREASE OF: + $17,129.54 or + 8.55%
Note: The net worth numbers start at December 31st 2012 to December 31st 2013.
I take absolutely NO FREAKIN’ CREDIT FOR THIS!
Not only did I spend 340% of my gross side income this year of $11,000, I did not get any work in my real job as a freelancer, essentially making my income (to me) a big fat $0.
So unless you want to count the stock markets rallying, and my investments in index funds part of this net worth increase credit thingamajig, I am not some sort of genius at anything except doing mundane things with my savings.
The markets just rallied this year, and the more money you have invested in the right areas of the stock market, the better you do.
It’s not rocket science, and I think I proved that this year.
I just got lucky, but my luck was also that I did the easiest strategy possible by sticking it into index funds.
Curious and want to read and learn more about Investing (for Dummies)? Check out my Investing Series.
In reality, I probably could have ended at about a net worth of $230,000 or higher but I didn’t because I traveled and shopped instead.
NET WORTH OF 2013
Note: The net worth numbers start at the end of December 31st 2012 and go until December 31st 2013.
MY NET WORTH SINCE NOVEMBER 2006
My journey from – $60,000 in debt to $217,275.17 as of the end of December 2013, in no small part due to the fact that I budget and track my expenses.
REVIEW OF BLOG FOR 2013
I started the Save. Spend. Splurge. blog (at this URL) in March 2013 of this year.
……it has been 9 months, so I am literally a baby!
SEO RANKINGS FOR 2013
I don’t really know what all these rankings REALLY mean but apparently they’re big deals for blogs so I googled them and put them here:
ALEXA RANKING U.S. = 44,456
ALEXA RANKING WORLDWIDE = 117,408
DOMAIN AUTHORITY = 33 / 100
PAGE AUTHORITY = 44 / 100
GOOGLE PAGE RANK = 3
KLOUT SCORE: 52
BLOG-ONLY INCOME FOR 2013 = $1125.24
- January: $33.44
- February: $42.25
- March: $72.71
- April: $96.15
- May: $160.29
- June: $128.63
- July: $103.74
- August: $212.40
- September: $44.51
- October: $58.64
- November: $75.04
- December: $97.44
HOURLY GROSS BLOG WAGE FOR THE YEAR: $0.56 / hour
Meh. At least it covers the cost of webhosting (~$400) and web-related stuff.
My net wage is probably closer to $0.25 / hour after costs.
SOCIAL NETWORK STATS FOR END OF 2013
I ended 2013 with:
384 RSS Feed subscribers
32 BlogLovin’ subscribers
92 Feedly subscribers
631 followers on Twitter @saverspender
180 likes on Facebook
Not too shabby if I do say so myself.
TOTAL NEW POSTS IN 2013: +300
By the way, you can read a SELECTED* archive of my Best Posts of Save. Spend. Splurge. here.
(*Translation: I don’t post everything I’ve ever written because about 50% of it was utter crap.)
5 MOST POPULAR POSTS OF 2013
These were the most popular posts of 2013:
- How much should I have saved for retirement so far?
- What is an ideal household budgeting for spending?
- How much should you have saved for retirement by age?
- A seasonal minimalist wardrobe
- How to properly tie a Burberry knot
5 FAVOURITE POSTS OF 2013
These were my favourite posts of 2013:
- Want to know why I don’t read 95% of PF Blogs? They’re a waste of my time.
- Filial Piety 101: When does the giving back to your parents start?
- Minimalism is not for you
- What people should really learn about their money in their 20s
- Why my parents can’t continue living their expensive lifestyle
THE MOST COMMENTED-ON POST OF 2013
- My happiest announcement! — Best post ever.
5 TOP REFERRERS OF 2013
- The Budgeting and Expense Tracking Tool (my old blog URL where now I sell my budgeting tool)
- Twitter @saverspender
- Canadian Dream – Free @45
- The Asian Pear
- Pinterest @saverspender
TOP COMMENTERS OF 2013
Aside from myself as I try to reply to almost every comment…
- Jane Savers of Solving the Money Puzzle
- Tania of Maui Shop Girl
- CJ of The Great Jolly Hoombahs
- MelD of Switzerland
TOP SEARCH TERMS FOR 2013
TOP VISITING COUNTRIES
SUMMARY OF 2013
- Didn’t really work the entire year and essentially earned a gross hourly wage of $0.56/hour
- … but still took a break and traveled on vacation to Europe for 2 months with only 2 carry-ons
- ..then I literally had my happiest announcement yet make my entire year worthwhile
- Recovered nicely from the disrupted the flow I had going on over at The Budgeting Tool (solly!)
LOOKING TOWARDS 2014
My only goal?
Meet Baby Bun and try not to #%*@%&* the baby up as a new parent.