In Budget Roundups, Money

2017 Final Year End Budget Roundup


This roundup for the year will be short and sweet, as we are already at the end of January (eeeep!)

I will be back on track this year for postings.


Pinky swear.


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.


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.


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.


Let’s do this.



Increase of +$107,415.33 or 22%






  • I only started working near the end of the year.
  • I have been spending like mad near the end of the year too (damn you Black Friday, opening the gates of shopping!)
  • I am trying hard this 2018 year to make my goal to SELL things and bring in cash. Year of Decluttering…which hopefully will keep me busy enough to not shop. Or at least bring up lots of guilt if I do shop, as I am trying to get rid of stuff.
  • 2018, I plan on increasing my net worth by at least another $75,000. Will I hit $675,000? We shall see. You know, becoming a millionaire personally (this may not be a surprise to you but between my partner and I we are already millionaire, no “S”, as it is only 1 million and a bit) seems very attainable now, as I am reaching the 700s range… Exciting? I feel like this is my push to make it to the next milestone “a million” because it just seemed so far off when I was hovering around the 500s range…


Since recording on this blog only:

Since I started tracking my money with the Budgeting Tool… we are going WAY BACK in time with this!

I kind of like all of those massive jumps when I actually work. LOL. Last year was a massive drop (spending + not working = massive drops)….


Getting better? Sort of?

The goal is 30 and over. I’m way off.

What is a PF score?

I am doing better than last year, but…. I am horrified when reviewing my budget that I have spent SO MUCH this year. Horrified, truly.

I think that skipping of the November budget was a bit of an indirect way to avoid facing the music and looking at just all the stuff I bought and spent money on.

You know, Ostrich Head in the Sand and all that with my spending.

I need to start doing budget reviews on a weekly basis to keep slapping myself back in line because it is clear if I avoid my money (like any other normal human, obviously), I tend to not see what is happening and I don’t rein ANYTHING in.



Increase of +$6711.03 or 40%






  • This child is richer than I ever was until I started working in my 20s and trying to clean up my finances…. O_o He has a 20-year head start on his mother!
  • This is all of his baby money. Every penny from the government, invested yearly. I track it in his own little separate chart.
  • Why he is saving his own money for his own future…..
  • I put in at least $2500 into his RESP every year (what is an RESP?)
  • I don’t take or use any of the money to pay for his expenses – food, clothing, daycare, even though I know it is meant for that.



(all reinvested back into buying more stock)

After I get my taxes done (around April-ish), and clear off everything and have a clear picture of what is happening, plus see if I get extended until the end of this year, I plan on plowing way more money into this strategy and building it as a side income.

You can read a bit on what dividend investing is all about here.

My dividends earnings over the years

That’s pretty much it.


As for spending… well.. *cough*… I spent a lot. about $60,000 this year.

*digs toe into ground*

It is about $20,000 more than I should be spending, to be honest.

Even accounting for household stuff, that’s about $30,000.

It means I spent an additional $30,000 JUST ON MYSELF. I think we can see where that went…..

I need to rein in that ish.

Goal: $45,000 spending in expenses.

I say this every year and then break my promise but for realz, my shopping has gotten to a “YIKES!” sort of level…

If our household spending is $30,000 it means that I can spend $15,000 extra on myself which is a super generous $1000+ budget of eating out and stuff per month.

Spending over the years (talk about lifestyle inflation)

I keep hitting that $60,000 mark because I feel bad… but man if I could go back to that $30,000 and not feel deprived.. LOLZ


Really though, I need to spend about $45,000 this year .. or at least try. I made an effort last year but it is like this year it all went down the drain.

Little Bun’s Expenses since he was born

We’re trackers. What can I say.

The biggest cost is childcare. Then food. Did you see that SPIKE in his eating!?!?


This Little Bun thus far has cost us $20,000 (so $10,000 is my half)…


The good news is that I ended 2017 $100,000 higher in my net worth.

Let’s see if 2018 I can do the same.. I’m sort of excited about reaching $700,000.


I’m always super curious about how other people fared in 2017, and this post shows a few (shocking) stats such as…

Wow. Less than $1000 in your bank account as the majority… although I have to say I like to keep a $0 chequing account because I like putting my money to earn 3% in savings, but that’s another story.

I don’t think this is the case above… I do have a float of about $10,000 to cover bills which sounds high, but my partner spends on a credit card we have jointly and that bill alone averages $4000 a month lately with all the repairs to the apartment.

Then this one, made me very sad:


Until I saw this slide and realized that people are just Ostriches (like I was in November and December with my INSANE SPENDING)…


If you are spending more time on Instagram (holla @saverspender) than you are looking at your money (like I did recently), then youz a fool (like I am).

Social media, socializing and all that nonsense is ZERO VALUE ADDED.

I am all over social media when I have time, but it is honestly ONLY FOR THE BLOG that I am making somewhat of an effort on these networks, and it doesn’t rule my life.

The biggest social media thing I participate in? THIS BLOG RIGHT HERE. It sucks up my time like a full-time job, and I make less than minimum wage on it, but it is a FUN HOBBY.

Look, I get that I am probably preaching from what everyone thinks is a high horse because… my net worth is over $600,000 now (#likeaboss) but in all seriousness, I do recall being in that depth of despair and being so incredibly deep in $60,000 of student debt I had no idea how to pull myself out.


Well, I wasn’t always like this.

YES. I am fortunate to have a great job and a good income now.

YES. A lot of it had to do with good timing of the job market and my graduation, the field I chose, and luck of course (e.g. not being born in poverty, in a bad country at war, having a good middle-class life, although my parents were not amazing financial role models at all, my mother knew nothing about money and my father was not a great role model).

YES. I did manage to make some good money decisions (made bad ones too like when I was a major money idiot)…

…..but EVERYONE, you, me, teenagers, preteens, anyone making an income can start learning how to manage their finances NOW.

Little Bun is tiny, and super young. Use him as your role model.

He is only starting to learn how to add and subtract small numbers, but you can believe that I am already starting to teach him that money comes from working, and saving.

As he gets older, he will then learn some basic investing, basic budgeting, basic income + expenses and I WILL SIT DOWN with him and go through what Mommy and Daddy spend each month on the home. I’ll make up a fake income of course that sounds reasonable (like $60,000 a year in a salary), and he will learn how much goes into taxes, and then what is left after MAJOR bills like condo fees (and our fake mortgage) is paid.

If I can teach a small child how to manage his money as he gets older, you can learn a lot quicker than he can.

Trust me.

This kid can’t even tie his shoes yet! Or put on pants and a shirt the right side and way up!!!! 😛

You already get the concept of adding and subtracting to track your spending and run a basic budget, basic things like: if you spend more than you earn you won’t have any money left to save… and all that is left is the “hard stuff” like investing which is DEAD EASY.

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.

This? This shouldn’t be you if you are reading this blog if you can help it.

I mean… I guess it makes sense — as you get older you buy a home and have a mortgage to clear, and as you get older you clear that mortgage, but how sad is it that you are in your retirement golden years and you have $21,000 on average in debt still?

It’s like you start off with debt and end with debt, and your whole life is paying off what you owe.

Debt is not a way of life. You don’t have to live like this. You really don’t.

Changing your mindset to think: EFF IT. I’ll just pay cash. the way that I think, may not actually happen in real life but can really change your perspective on how you look at purchases.

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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 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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  1. GYM

    Thank you for sharing sherry!! You did great- that’s a huge increase!!

    It’s cool to see what you guys spent on baby bun so far. Do you guys feed baby bun only organic?

    Baby GYM just started on solids and so far it’s organic but that’s probably going to stop in a few months. I bought one organic apple for him to try and it was $0.70 haha.

    1. Sherry of Save. Spend. Splurge.

      Yeah it is a nice bump. We don’t ONLY feed him organic, we just feed him what we eat which is about 70% organic

      We only buy organic if there is a noticeable taste difference like in bananas — they don’t “need” to be organic from an eating/health/chemical pesticides perspective but they taste better.

      In general, buying organic also means you care about the workers who picked those apples and their health… which helps justify the price tag.

      I will say that organic avocados are gross. I tried a few and they are SWEET and have a strange texture for me.. not at all creamy.

      We pretty much buy what we can, organic. Hence why we pay so much…

  2. Sandy

    That post was fun to read! Congratulations on meeting your goals and doing so well. Little Bun is going to be a wealthy boy thanks to his smart mama. I lost my job back in 2009 due to the global financial collapse and lost my house and filed bankruptcy because I was broke, almost homeless and jobless. I decided to do things differently and question everything. Today, my net worth is heading towards $600,000 thanks to some very lucky breaks and investments. I track everything and check my finances daily, obsessively. I now have Bag Lady Syndrome too, as a result of feeling so helpless back then. I don’t ever want to feel that way again. Here’s hoping that you crack $675,000 by the end of the year.

    1. Sherry of Save. Spend. Splurge.

      Thank you very much for the inspiration. I’m going to try and go back to having a bit of Lifestyle DEflation…. I don’t want to keep spending unnecessarily. Here’s to a crazy good 2018.

  3. Financial Orchid

    What a fantastic post! Great motivation for the finish supported by solid data and numbers.
    My 2017 expenses were just under $40K.
    What is grooming/yoga section? Does that include yoga clothes too?
    Wow $13K in clothes. I think I bought 5 or 6 items last year for a total of ~$500? That included a new, cute Kate Spade purse from a SF outlet mall $100, a Banana Republic work jacket $135 that’s already falling apart =/, an Abercrombie and Fitch long shirt (dress) <$100, a white ruffled top from Banana Republic $50, boots from Payless $35, Michael Kors rain boots $100. I make a point to donate 1 item for every new item I bring into my closet due to my small closet space.
    My guilty expense was flying to the States 8x last year and spending about $10K in travel to California, Boston, and NY. That rivals your shopping for sure.
    Without the frequent flying, my domestic expenses were $30K with no kids, and selling off my old car mid-year.
    The second guilty spending is definitely food. I was in dismay when I saw that my one person expense of food $7200 for the year was almost the same as what you spend with a family of 3!! I'm definitely curbing that in with a monthly check-in this year though and so far I've brought down my previous monthly average $600 food consumption to just $360 in January! So tracking is definitely magical. Short winter days also discourages going out too.

    1. Financial Orchid

      Also a longchamp bag for $200 : ). Wow, I can count most items I bought in 2017.
      Did you mean 40% increase for baby bun and not 1%?

      1. Sherry of Save. Spend. Splurge.

        Yes I meant 40%. I was so tired and rushed when I did this! 🙂 I’ve fixed the year and the rate 🙂

    2. Sherry of Save. Spend. Splurge.

      The yoga section DOES include yoga gear. I went overboard. I should have not bought as many outfits but I was too excited….

      Ugh, my clothing spending is nuts. I need to rein that in.

      And food is an area we splurge on but we have significantly cut back on eating meat which has helped a lot.

  4. Maria

    2017? 🙂

  5. Escape to MI

    Thank you for bringing this one back! I do enjoy your financial roundups. I’ll try to comment more so you know the time/effort is appreciated. 😀👍🏻

    1. Kandice

      Ditto to this!

    2. Sherry of Save. Spend. Splurge.

      No worries I missed them too but laziness took over … and family life 🙂


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