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2013 Final Year End Budget Roundup = $217,275.17 or an increase of $17,129.54 or 8.55% over the year

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.

https://www.thebudgetingtool.com

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.

https://www.theinvestingtool.com

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.

https://likeabossbooks.com/investing

You can make any image below larger by clicking on it.

 


2013 MONTHLY BUDGET ROUNDUPS

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.

Save-Spend-Splurge-Total-Income-2013

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

Save-Spend-Splurge-Total-Expenses-Year-over-Year-2012-to-2013-

 

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%.

Save-Spend-Splurge-Total-Expenses-Year-over-Year-2012-to-2013-Pie-Chart

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.

Save-Spend-Splurge-Final-Year-End-2013-Budget-Roundup-Total-Dividends

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.

Save-Spend-Splurge-Budget-2013-December-Roundup-Net-Worth-Past-12-Months

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

Save-Spend-Splurge-Blog-Income-2013

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:

5 FAVOURITE POSTS OF 2013

These were my favourite posts of 2013:

THE MOST COMMENTED-ON POST OF 2013

  • My happiest announcement! — Best post ever.

5 TOP REFERRERS OF 2013

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

Save-Spend-Splurge-Blog-World-Visitor-Stats-2013

SUMMARY OF 2013

  1. Didn’t really work the entire year and essentially earned a gross hourly wage of $0.56/hour
  2. … but still took a break and traveled on vacation to Europe for 2 months with only 2 carry-ons
  3. ..then I literally had my happiest announcement yet make my entire year worthwhile
  4. 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.

year-2014

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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14 Comments

  1. Anne @ Unique Gifter

    Well, that was rather comprehensive!
    I love how you pointed out your hourly blog wage. My spouse constantly mocks me for earning less than a dollar an hour. I don’t even know what it truly is, because I don’t really care, but I know that it’s SOLIDLY below minimum wage, by a lot.

    Reply
    1. save. spend. splurge.

      Oh yeah. This is why blogging is a hobby and a fun endeavour, not a get-rich scheme, although my dropping Google Adsense dollars makes me depressed (LOL!)

      Reply
  2. The Asian Pear

    Great review post. Can’t wait to see 2014 and Baby Bun! ^__^ (Are we no longer using NMD? heh.)

    Reply
    1. save. spend. splurge.

      @The Asian Pear: I felt bad calling the baby “NMD” (New Money Drain).. 🙂 Baby Bun is so much cuter.

      Reply
  3. jane savers @ solving the money puzzle

    2 comments

    1) When you change provinces there is often a 3 month waiting period before you get your health card in the new province. It does apply when moving from another province to Ontario. Not sure about moving to Quebec.

    2) How big would your dividend producing savings have to be to live off completely? $300 000? $400 000? It seems like you could be headed that way.

    Reply
    1. save. spend. splurge.

      @jane savers @ solving the money puzzle: it’s the same when I moved back from the U.S. to Ontario.. I had a 3-month delay as well in getting my OHIP back.

      Moving to Quebec I think starts right away.. but even if it doesn’t I am covered under OHIP until I switch 🙂

      I think I would need a conservative amount of about $500,000 before i could live off dividends.. but I don’t want to make that my only strategy you know? It’s still risky to invest in dividend-producing stocks.. as it is a company that could go bankrupt.

      Plus, the really “solid” dividend companies pay out 3% – 4%.. not really any higher, so I’d need more capital..

      Reply
  4. Tania

    I love your roundup posts, think it’s a great idea to reflect and appreciate you are candid. I understand the wardrobe purchases because you did a complete overhaul to focus on your values concerning the origin of manufactured goods. I’m very impressed at low your eating out is! And that you borrow a lot of books versus buying. Free healthcare? Wow, that’s great. I know too many people risking their health here with a lack of preventative checks because they can’t afford healthcare.

    Reply
    1. save. spend. splurge.

      @Tania: I keep reminding myself that I did do that overhaul to get rid of a lot of stuff to replace it with better stuff (Burberry being the name of the game last year).. but it still hurts.

      My eating out is pretty low mostly because I keep it only as a thing I do if I go out to meet folks 🙂 (What does that say about me!! 😐 Anti social perhaps haha..)

      I do borrow a lot of books, and it has been easier since the library here has offered ebooks. Much MUCH easier to read them than to have to trek to the library each time.

      As for free healthcare, that’s the perk of being in Canada. Universal healthcare where you pay about $500 a year in taxes to cover it, but it doesn’t cover eye / dental.

      Not really “free”… but much cheaper than $2000 a month.

      Reply
  5. Tracy

    Great year end summary! I was with you when you first started this blog from the budgeting tool so I consider myself a veteran. Looking forward to your posts with baby bun next year! When are you due?

    (New goal is to become a top commenter in 2014. That is all.)

    Reply
    1. save. spend. splurge.

      @Tracy: Well 🙂 You are definitely a recent veteran! But I have been around since 2006 (had 2 blogs and sold them, you probably read them too 🙂 )

      I’m trying not to turn into a mommy blog so my posting will not be as baby-centric but I’ll try and have a nice balance 🙂

      (Aren’t you sweet!!! Don’t knock yourself out though, comment only when you want to 🙂 )

      Reply
  6. AdinaJ

    That’s a pretty awesome end result, considering you had no steady income, and got to do a bunch of fun stuff (travel, buy gorgeous coats). It highlights the fact that making money is easier when you already have money … working for you. I’m still working on getting our money to work for us, but we’re getting there. Index funds are awesome!

    You’re heading into such an exciting time, but it makes it tougher to predict the future. Don’t sweat the small stuff and have fun! You will NOT f*** up!

    Reply
    1. save. spend. splurge.

      @AdinaJ: Well it is much easier to make money if you have a lot of capital, that is true. I take no credit for what happened last year with the markets 🙂

      Thanks for the vote of confidence!!!!!

      Reply
  7. Nelson

    “Why I the hell track all my spending”

    Best unintentional typo ever. Please don’t change it.

    Reply
    1. save. spend. splurge.

      Now that you’ve said it I changed it.

      Reply

Leave a Reply

In a nutshell…

Save. Spend. Splurge.
[ wealth. style. minimalism. ]

——

MOST DEBT: cleared $60K in 18 months

MONEY: Hit $1M personal net worth At 36

NEW GOAL: $1M in invested assets

FAVOURITE DAY: payday

HATES: being late & lazy people

SOCIAL: Instagram @saverspender

DRINKS: homemade matcha lattes

SLEEPS: on a 100% cotton U.S.-made futon

WRITES: Books (also available on Amazon).

BEAUTY: swears by Paula’s Choice

——

…but you can read more about me , browse my index of posts, or get in touch with me, talk to me directly on Instagram, and of course, ask me anything here.

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Save. Spend. Splurge. uses affiliate links from Shopstyle, and Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com or ShopStyle. In addition to these, any referrals on the page will result in revenue if used such as BlueHost.

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All opinions expressed on this blog are personal and for entertainment value. Take them with a grain of salt and always consult a professional when in doubt.