In Budget Roundups, Money

April 2021: Expenses Budget Roundup

All of the images below have been created with The Wealth Tracking & Budgeting Tool available for sale on Etsy, or at TheBudgetingTool.com where all proceeds go to charity

This is a sheet you buy ONCE and you can re-use for future years, plus it lets you store all of your historical data from previous years (super handy).

THE EXPENSES

$3823.04 or 15.02% of income

My Side Income almost covered my expenses and I was $214.58 OVER

So to be clear:

  • I earned $3823.04 in side income this month
  • ….but if we take into account that only $CAD comes in to cover bills, not $USD or anything I reinvest like dividends, I was short $3398.97 this month! The rest was completely reinvested.

Ummm why?

The majority of my side incomes are reinvested back or untouchable, so I am doing a thing where I am seeing how much of my side income ACTUALLY comes into my bank account as $CAD to pay for bills, and not including what always gets reinvested (dividends, lending).

It’s my little side goal for this year that also tells me that I have to really consider my spending if I want to one day, have enough $CAD cash from side incomes to cover my bills easily. It’s a challenge for my brain because I don’t respond to spending bans unless I can see the actual goal/purpose of it.

Of course, as I have actual cash from my main job coming in, if it ever dips down I simply just replenish it the next month from that which is exactly what is happening this month.

Expenses In Detail:

Home includes condo fees, insurance and utilities: $535.76

This is generally what I pay for the following, I include in my home expenses everything from:

  • condo fees
  • home insurance
  • electricity
  • water (though it’s free here… but I thought I should mention that)
  • heating (comes via electricity)
  • internet bills
  • cellphone bills

…basically anything that runs a basic home.

Groceries: $494.44

This is just my half. I am estimating a high number, and then if it ends up being different, I reconcile it later and add or remove it from the next month as my partner is the one who pays for groceries.

Household includes household supplies that are used (e.g. soap, toilet paper) or anything like pots, pans and so on: $29.11

I bought some seeds (basil, rosemary, sage, etc) and a new lamp to start growing herbs indoors.

I don’t think I’ll be quite this ambitious but I do want a few pots to get going….

Little Bun (includes schooling): $123.79

I picked up Division cards for him, a new pair of soft bamboo terry joggers for sleeping at night (his pants are atrocious at this point), and a pair of binoculars so we can sit on the balcony and check people and things out.

Office (includes postage, paper, ink, electronics): $0

Nil.

Medical (anything like dental, pills, surgeries..): $80.90

Increased my retinoid strength to 0.05% to get rid of my adult acne (plus help with wrinkles!), and stocked back up on pills.

Wardrobe (anything shopping like accessories and clothing): $1720.92

All of it will be posted in my What I bought Roundup posts and a little of it gets highlighted below as well under my specific expenses.

I’ve given up trying to control this. It is what it is. 🙂 I picked up a whole bunch of things, mostly secondhand and/or on sale!

Eating Out: $0

Nil.

Toiletries: $0

Nil. I am currently using up the body butter bar by Ethique and I like it. Going through everything I own before buying anything new has been very useful.

Entertainment (books, music, and upcycling projects): $720.78

I picked up a whackload of stones. I mean a SERIOUS amount of them, and some are truly spectactular. Now I can get to being even more creative.

Gifts: $104.12

I purchased stuffed cookies for all my family. They are now addicted.

TOP & BOTTOM EXPENSES

Favourite: Notes du Nord Leather Cognac skirt – $193.16

Secondhand? Fits like a glove? STUNNING? I love that I got this leather cognac skirt because now I can recreate this incredible outfit that has haunted me for years:

Unexpected: $344.91 – Kobo Forma E-Reader

Little Bun has started getting into chapter books (think: Boxcar children).

He’s advancing beyond the Level One reader books, and now has taken over my e-reader, which means I need one for myself. I obviously upgraded and took the most expensive option. The price I paid is high, but I just checked and it dropped $30 today, so I have asked for an adjustment. (YAY!)

Hated: N/A

Didn’t hate anything this month. I mean.. it’s all useful. I didn’t even get dinged with that NSF fee from last month because I transferred that money before they tried to debit my account.

Expensive: $123.14 – Bushnell Binoculars

We picked up some Bushnell Binoculars for Little Bun and myself to use. I chose the Spectator Sport version because I figured we could spy on people moving. There were SO MANY OPTIONS.. and in the future, we could use them for when he goes and plays sports.

Joyful: $12.24 – Herb seeds

This is the plan:

I picked up:

  • Basil
  • Rosemary
  • Sage
  • Chives

If we have extra pots, I want to plant TWO basil plants (we eat a lot of it, Little Goat and I)…

Cheapest: $10.26 – One Magenta stone

Just to make the shipping minimum, I took a chance on this magenta Amazon stone for upcycling, and it came in the mail looking pretty darn good. I am not disappointed at all, the stone is about the size of the middle of my palm (not my whole palm), and it is as bright as pictured.

LOOKING BACK

I spent quite a bit this month getting more supplies for upcycling, some wardrobe pieces, and it all makes me excited and happy. I am looking forward to a better year. Now we will have mini projects:

  • More upcycling with beautiful / interesting stones
  • Growing our own herbs inside
  • Binoculars to spy on people on the ground

GOING FORWARD

Okay have to tighten my belt for April, I have taxes coming up and it’ll take a big chunk out of my accounts.

NOTES

If you’re interested, I use the following:

  • Rakuten: Use my referral link for $5 in cash to get started – I use them to shop on sites ALL THE TIME.
  • Swagbucks: Use my referral link for 300 Swagbucks to get started; you need 750 to redeem for $10 CAD
  • Rogers World Elite Mastercard – No annual fee, 1.5% cash back, but you can only redeem it yearly and you have to call each year to ask them to redeem the credit against your next year’s statement. I use it for all my purchases as I buy a lot in USD$, and those purchases are 3% cash back (almost like a no forex fee in essence)
  • Tangerine Mastercard – No annual fee, 2% back on certain categories (up to 3). For their savings accounts, use my Orange key { 32726976S1 } for free money ($50 once you deposit $100; and I get $50 too). I give this card to my partner (he has a joint card) and he uses it constantly

Stay tuned for the net worth & investments post!

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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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