December 2015 Budget Roundup = $550,082.88 or an increase of +$3060.39 or +0.56%
PLAYING STARBUCKS FOR LIFE
Even if I only win a week I’d be thrilled.
What a clever way to get people to buy more Starbucks between now and January 11th.
MY LIST OF APPROPRIATE THINGS TO DO
- To hide chocolate and eat bites of it in times of stress
- ….to eat said chocolate hiding in a closet from your toddler so he doesn’t see that you’re eating and wants any
- …….and to eat the entire chocolate bar in one shot because you can now, as the adult
DID A PODCAST FOR SO MONEY
I am so nervous.
I did a podcast for So Money because apparently some reader wrote in and asked her to interview me about all the money I make and how.
It airs January 7th 2016.
I feel like I won’t be able to listen to myself speak.. but maybe you will?
Farnoosh was super sweet & extremely intimidating in a good way. She is just so.. accomplished and wonderful.
Let me know how it turned out, will you?
I will be too shy & self-conscious to even pretend to listen to it.
CANADIANS: THE 2016 TFSA LIMIT IS $5500
For those of you interested, the Liberals are resetting the TFSA limit in 2016 to $5500, effective January 1st 2016.
So our original PF plans of contributing another $10,000 on January 1st 2016 to squeak by that limit, will have to be kiboshed.
To date, TFSA contribution room is: $41,000, with 2016, it will be $46,500 in total.
If you want to protest this and keep the TFSA at $10,000 then sign the Working Canadians petition here.
The good news is that they won’t be clawing back that $10,000 2015 TFSA contribution limit.
- What a TFSA is
- Where to hold what funds in Canada: TFSA, RRSP, RESP…
- TFSA versus an RRSP
I love the TFSA.
I wish it stayed at $10,000 but I can understand why it didn’t to some extent, although the TFSA is really only useful for those making above a $50,000 – $75,000 threshold, in my opinion as it is after-tax income that is being invested.
Those making under that, would be better off in an RRSP, I’d say as it would be more beneficial to reduce their taxable income.
“YOU ARE IN CHARGE!”
..this is what my partner yelled at me when I had not watched Baby Bun carefully enough, and he quickly slammed the microwave door very forcefully to the point where we’re scared he’ll break it!
(Baby Bun is not supposed to touch the microwave door any more, he’s unable to control his strength in closing the door quietly.)
He said that, and for a moment I thought: ” I am?… I AM! ”
Seriously. Sleep deprivation with a toddler will do this to you.
I am in charge.
See Point #1 about Appropriate Things To Do….
OUT OF WORK BY 2015
I am out of work. I stopped mid-way through this month which is why my income is only $12,000.
My contract is done and I am GONE.
So.. what to do? January will tell.
I am not eager to jump back into working, to be honest. I need a break. I have been busting my hump for the past few months and I need to decompress and just lie in bed, doing nothing all day.
The only snag in all of this is .. I wouldn’t be making any money.
*cue a bit of stress.. but not really.*
I want / need a break.
Onto the numbers.
INCOME = $12,012.24
I took half the month off….also, this is the end of the gravy train.
I’m done and out of work as of this post.
EXPENSES = $3469.72
I am so pleased with my expenses this month. I did spend a lot but on GOOD areas of spending (Gifts, for instance), but I also returned almost $4000.
TOP 5 CATEGORIES OF SPENDING
I spent on good areas this month.
Prepaying my web hosting (they were giving a 20% deal and MDD Hosting ROCKS), and GIFTS. <3
NET WORTH: $550,082.88 or an increase of +$3060.39 or +0.56%
Ugh. At least I went up.
My net worth drop is due to a few things:
- Market took a beating (oil dropping to $35? WTF. I am in it for the long-haul, now!)
- Didn’t work half the month.
- Spent $7000-ish on things that could not be avoided (Gifts, Pre-payment of Website Hosting, Rent, Baby Bun)
Not bad, wouldn’t you say?
BABY BUN’S NET WORTH: $10,758.45 or a decrease of $75.94 or -0.71%
Baby Bun also felt the hit of oil dropping to $35 a barrel.
Poor little Bun.
DIVIDENDS REVIEW: $551.05 THIS MONTH
In December I made around $551.05 in dividends. Not bad.
So far the year has turned out pretty good and I have been doing DRIPs (Dividend Reinvestment Programs) to buy more stock with the dividends rather than claiming the income.
I didn’t exactly plan to have a dividend-heavy investing strategy so I am pleased that it is turning out the way it is.
I am also underreporting the value of these dividends because 20% of it is in USD, so it’s worth 30% more.
TOTAL DIVIDENDS EARNED THIS YEAR: $6272.72
#LUXEMINIMALISM & BEING A FASHION COLLECTOR
I’m really embracing this Luxe Minimalism thing.
I’m excited by it, which is not the way I have felt about shopping challenges before.
I shall chronicle my progress and give you monthly updates on how I am doing.
At the end of each month or quarter, depending on how much material I have, I will post it on the site.. kind of like the Shopaholic Diary.