In Budget Roundups, Budgeting, Canada, Money

December 2017 Money Review

Hi again.

I heard you loud and clear.

Due to popular protest (lol) I am bringing back the budget / net worth posts, but I’ll be doing multiple posts to ease the pain / help my blogging workload.

So 1 post now becomes 3:

  1. Net Worth
  2. Expenses
  3. Income / Dividends

Anything else…?

So instead of doing Expenses, Net worth etc all in ONE post, I’ll do it over 5 posts so that it gives me a bit of a break, otherwise it makes no sense to spend all this time on a huge post (4-5 hours) to only have it be scheduled for one day and to be stressed for the rest of the week.

I’ll also write more about each section rather than just posting the numbers. You know, more chit-chat which would actually be more interesting for me post-wise than just posting stats.

Anyway, this is the net worth breakdown for end of December 2017.

I am skipping November because I literally did not do it.


I have zero numbers and I am not that diligent to go back and check at the end of each month what I had as a balance.

(Or I will do it because I’m OCD like that, but I won’t post it. It’s redundant info.)

(Oh by the way, the shopping was insane. That.. umm that is coming. I have to go through my entire list of stuff I bought and basically list all that ish out)…

 

I promise I will not get rid of the money updates!

You heard it here first.

So, this post, I am sorry, is hurriedly written and really not that great (I promise the January 2018 one will be much better), but I did want to post the numbers as we are already halfway through January 2018 (WHAAAAAT?????)…

Sorry. #NotSorry …

…cuz I am doing this while coughing, sick, my face has flared out in eczema again (yay for winter..), and I am just tired.

Still. I love this blog, its readers, and I have been neglecting it, so here goes.

(Thank you all for the feedback)

NET WORTH FOR THE END OF NOVEMBER / DECEMBER 2018:

$605,676.06 an increase of + $24,909.06 or 4.11%

Yep. Made my goal of $600,000 for the year.

Year-end review coming up too. I promise I’ll do that one. <3

I could have probably aimed for $615K or whatever but at this point, I am just happy to have cracked $600K.

For next year, I’d like to crack $750,000.

Doable? I hope so. Everyone send good vibes my way, please!

(Also need to start cracking down on le shopping addiction)

LITTLE BUN NET WORTH FOR END OF DECEMBER 2018:

$23,118.09

Little Bun killed it of course. He ended the year almost in the $25,000 mark, but over $20,000 was good enough for me.

His year-end review is coming up too.

Thanks for your patience, hanging in there, letting me know what you like / don’t like and not letting me slack on what I actually do love to talk about.

Love ALL of you. Truly.

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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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12 Comments

  1. Lori S

    Hi Sherry, I have a question about your net worth. Is that amount, technically, enough to “retire early”? I know you enjoy working and don’t plan on that right now. Some of the personal finance blogs I read talk about early retirement all the time but I can’t seem to figure out how much money (in general) would a person need? Thanks.

    Reply
    1. Sherry of Save. Spend. Splurge.

      This is such a fab question I’ll do a post on it.

      Short answer: no. I cannot retire on my net worth as it stands unless I ONLY stay in my house and eat rice forever.

      A lot of my net worth is my condo — $300K and you can’t eat that 🙂

      I’ll do a post.

      Reply
  2. Sandy

    Congratulations on making the $600,000 goal! That is awesome. I plan on achieving that this year but …. it all depends on the casino (stock market) and the housing market of course. $600,000 seems like such a nice number LOL

    Reply
    1. Sherry of Save. Spend. Splurge.

      LOL CASINO. That is all it is really. I’m nervous about wanting $700K next year but … hey. I have to set an impossible goal.

      Reply
  3. Cassie

    Totally cool with the split posts! I just love seeing how you’re killing it money wise. It inspires me to go for more.

    Reply
    1. Sherry of Save. Spend. Splurge.

      I’m trying to get MYSELF inspired to reach for more. Time to start being besties with my Budget again and eying every transaction.

      Reply
  4. Domonique

    This is awesome! Thank you for continuing to post about your net worth! I love reading these posts and seeing you reach your goals. It’s exciting. It makes me want to post about my own money more often.

    Reply
    1. Sherry of Save. Spend. Splurge.

      We’ll work it out. I do miss posting about my money but the post itself takes forever which is why I kept putting it off…

      Reply
  5. Shannon

    Is Baby Bun’s net worth an education fund, like a RESP? If not, is there any limits for him in how he uses the money in the future.

    Also, great idea about splitting up the posts.

    Reply
    1. Sherry of Save. Spend. Splurge.

      It is an RESP. I also have money outside of the RESP. So right now, I am only doing $2500 / year in his RESP and the rest is in cash outside, invested. It is all of his ‘baby money’ that the government gives to him, that I am saving aside for him and investing it.

      Yes! Split posts. Much better. Easier.

      Reply
      1. Minh Thuy

        I was always curious about how Baby Bun’s money was being invested as I would like to consider something like that for my kids one day.

        In Australia we don’t have any RESP for kids as tertiary education is normally taken on as debt for which the government contributes part of your education first while the remainder is accumulated as a HECS (Higher education contribution scheme) debt. Once we are are working and earning a certain level of income, a % is automatically taken out with tax from our income based on how much we earn.

        Reply
        1. Sherry of Save. Spend. Splurge.

          All I can say is look at stocks that don’t cost a ton of money and have dividends preferably… you want a long term but not ridiculously risky investment as they will need the money in 20-ish years.

          That is nice the government sort of forces you to save for your kids. We don’t have that here which is good and bad I think. There are incentives to saving money — government matching — but I recognize that not everyone can max out that $2500 a year.

          Reply

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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

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——

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