In Budget Roundups, Money

2016 Final Year End Budget Roundup = Decrease of -$43,229.53 or -9%

PREVIOUS YEARLY BUDGETING ROUNDUPS

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.


2016 MONTHLY BUDGET ROUNDUPS

Note: I didn’t work for most of this year.

2016 TOTAL INCOME = $22,310

I worked one month (approximately) and then stopped for the rest of the year.

AVERAGE MONTHLY INCOME = $1859.16

The Year of Not Working (Again). This is how much I have actually worked for my entire career. The rest of the time has been hanging out by traveling, and then most recently with Baby Bun.

2016 EXPENSES = $52,422.73

This is what it looked like this year in total:

And the pie chart:

EXPENSES COMPARED TO LAST YEAR (2015)

THEY WENT DOWN. DOWN I SAID.

Surprised? I’m not. THEY WENT DOWN!

My shopping also almost halved, which is what helped that as well 😉


EXPENSES SINCE 2009

THIS is why I track my spending so religiously.

I can see how I started lifestyle inflation starting around 2011 and how only in 2013 it dipped back down. My spending went up really high to almost $60,000 (double what I used to spend when I started in 2009) when I was working full-time (2015) but now I’m starting to rein it back, I hope.

It looks good to me. I went down in spending by about $4500 which is nice.

I would ideally like to get it back down to $40,000 like from 2015. I know $27,000 is out of my reach from 2009 because life just ain’t like that any more, but we shall see.

TOP 10 EXPENSES OF 2016

Hey, at least I prioritize shelter, food and the government above fun stuff like clothes & eating out 😉

2016 DIVIDEND EARNINGS = $5750.40

This is not included as part of my income above because it is all re-invested back into buying more stock.

On average, I make $479.20 a month in dividends, although I will note that I sold off some of the stock around the time I bought my condo, so this year it may go down (or up, if I work) and I plow more effort back into dividend stocks.

Last year I made $6272.72 in dividends, an average of $522.73 a month. I am not that far off from last year, but time to refocus back on this area!


WHERE DO I INVEST MY MONEY?

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

I’m launching a book quite soon about my investing strategy in detail. It takes me less than 4 hours a year and I do the same thing for Baby Bun.

His net worth is going swimmingly.

2016 END OF YEAR NET WORTH = $506,853.35

I know it’s psychological but it’s nice to see it still above the $500,000 mark.

 

2015 TO 2016 YEAR FOR MY NET WORTH CHANGE

2015 START: $550,082.88

2015 END: $506,853.35

DECREASE OF: -$43,229.53 or -9%

To be expected. My investments buoyed me up to make sure I didn’t tank. 😉 Still waiting for oil to pay off though. At the end of 2015, my investments looked like this.

It hasn’t changed because oil has NOT GONE UP YET.

Gah. What a slump to be in.

In the past 5 years, my year-end net worth journey looked like this since 2012:

BABY BUN NET WORTH: $5988.78

Baby Bun did much better than I did this year, posting a 56% increase in net worth.

2015 START: $10,758.45

2015 END: $16,747.23

INCREASE OF: + $5988.78 or + 56%

Again, I invest his money the same way I do with mine. More that later in my upcoming book.

It takes me the same time (less actually, his accounts are under my name right now but designated for him), to do his investments quarterly.

Baby Bun is great at saving… he only spends our money! 🙂

PERSONAL FINANCE (PF) SCORE SINCE 2012

Read about what a PF score is here.

I didn’t work, and STILL managed to improve my PF score. SWEET!

2016 SUMMARY in 5 POINTS

  1. Took the year off to spend it with Baby Bun but am totally ready to go back to work now. Enough with childcare.
  2. Wrote a book: Start a Blog Like a Boss – How to Make Money, am making $1000 USD on average a month, though this December it jumped up to $2000 USD.
  3. Bought a home all in cash so that we’re completely mortgage and debt free; “Rent” has decreased significantly.
  4. Discovered thrifting in a big way but also learned a few more things about my shopping habits. Coming soon. Also started making jewellery for fun again and as a stress reliever instead of shopping.
  5. Turned more flexitarian than before. Out of presumably 21 meals in a week, a maximum of 5 of them contain meat. Trying hard to go more vegan instead of vegetarian though but this is good change.

LOOKING TOWARDS 2017

RESOLUTIONS?

No resolutions. I always make them, am determined in January and then it all goes out of the window.

Screw resolutions. They suck.

CAREER ASPIRATIONS

What I do want, is to work this year. ASAP. It’s not that I don’t love Baby Bun dearly, but it is starting to weigh on me. Childcare is stressful, sort of repetitively boring and my brain is turning to mush. No more please.

Maybe I can bank another net $250,000 like in 2015.

WANDERLUST

I also want to go back to Europe this year and spend at least 3 weeks in the sun, doing nothing but getting fat stuffing my face with all the goodies available and being sedentary.

SHOPPING

As for shopping, I suspect I will be spending about the same amount, $5000 – $6000 this year, but on even less stuff. I really need to keep myself in check until Black Friday / Boxing Day and then GO NUTS and buy whatever I want that’s on sale.

The only thing is then I miss out on the summer / spring stuff, so maybe twice a year I should let myself have a $3000 budget to go wild at the shops.

I plan on thrifting more as a regular thing because I am increasingly getting more and more upset at the prices of things at retail not being worth it.

Polyester all over the dang place, y’all.

Still, there are things you can ONLY buy at retail (who here has ever seen majorly covetable, collectible and wonderfully classic, unadorned items like Hermès and The Row show up in a thrift store? NO ONE, that’s who…), but only letting myself ‘go wild‘ twice a year because that makes me happiest & seems to be my modus operandi.

Let’s try that this year.

OH! AND I already bought my favourite jacket of 2017 😉 ‘Impossible‘, you say, ‘it is only January!‘, but true.

I’m wearing it until the sun melts it off my back. It is sooooooo soft and warm. I am almost wishing it would get colder and chillier so I can pull it out.

WHEE!


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Sherry of Save. Spend. Splurge.

I got out of $60,000 of debt in 18 months using TheBudgetingTool.com. Since then, 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 (savings rate = 85%). I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I also post daily on Instagram @saverspender.

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6 Comments

  1. SP

    What is “government” anyway? Similar to taxes?

    Tracking spending year-to-year and having overall insight into spending is valuable to me too. For one, it helps me identify areas that aren’t in line with my values. It also lets me compare year-to-year and make sense of why a category might increase or decrease. It lets me make informed decisions.

    Happy 2017!

    Reply
    1. Sherry of Save. Spend. Splurge.

      Yeah, like taxes but government only. It’s a one-time housing tax, but I didn’t put it under “taxes” because I consider that for actual tax things. This government “tax” on the condo we bought was a one-off “welcome charge”… I’d call it.

      All “Government” stuff means license, passport, registration renewal costs, etc.

      For me, the tracking yearly and seeing the comparisons is what really helps the most. I can see at a glance that I went from $27K –> $60K. last year was really insane, I cut back significantly this year which is a good start, but not ideal, still.

      I need to do better this year, says the woman who is kind of still in a shopping mode 😉

      Reply
      1. SP

        Oh, I see. Yeah, we had that, which they called a “transfer tax”, on all home purchases. I think it was from the county or the city rather than federal/state gov’t.

        Also, I love that “David’s Tea” gets its own row. LOL!

        Reply
        1. Sherry of Save. Spend. Splurge.

          Well it needs its own row with how much I spend there

          Reply
  2. Jamie

    The title has the wrong year (2015) instead of 2016.

    Reply

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