In Budget Roundups, Money

December 2018: Income & Expenses Budget Roundup

THE INCOME = $21,108.19

Day Job: $20,097.63

This month I did not work 40 hours only. I worked MORE than that because of all the stress and pressure but I am not billing for it because I’ll take it back in other ways and leave earlier or take longer lunches. That way, I don’t ruin their budget and everyone is happy.

I don’t mind turning up the heat when I have to, but I need a cool down period too.

Blog: $1010.56

Advertising: $482.81

Affiliate: $477.76

Products: $50

Save. Spend. Splurge. Products sold, include:

https://www.savespendsplurge.com/products

INCOME GOALS FOR THE NEXT MONTH

Just keep making money to stem the bloodletting on the stock market.

The market will EVENTUALLY GO BACK UP.

Everything that goes up, comes down.

Whatever is down, will go up.

Historically speaking, looking over the past 100 years, the stock market has gone up on average. It would be dumb not to stay invested, not realize your losses and to panic at this point.

THE EXPENSES = $7237.07


This is where I spent my money on my priorities this month:

Obviously, designer bags are not cheap, even secondhand. I have a good (VERY GOOD) wardrobe and range now, and I use them pretty often, along with my other non-designer items…

Just..

STAY CALM AND CARRY ON

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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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8 Comments

  1. Mia

    Your utilities are extremely low (I know you pay only half, but double that is still crazy low). Are some things like water included in your condo fee?

    Reply
    1. Sherry of Save. Spend. Splurge.

      Water as I am told, is free here. I only pay electricity and heat.

      Reply
  2. GYM

    Is the $350 your half of the condo fees? Does that mean your condo fees are $700? That’s a lot! I hear in the East (Toronto e.g.) they can be a lot. Mine are around $230 a month and I am already balking at it.

    Reply
    1. Sherry of Save. Spend. Splurge.

      YES JUST MY FEES are $350. We are overpaying because people here are too rich and are not into frugality, and as we live in a condo we cannot dictate what to save on.

      Reply
  3. Ella

    Ah, I think the pie chart might have some error? Sorry, accountant so it just kind of hit me (ie. 14% for children but it’s only $19.54 for the month)?

    I’m still debating when I should buy more dividend stock (and if I should invest in non-dividend stock that may appreciate in value). Still beating myself when i bought some stocks at what I thought was a dip (then it dips even more….)

    Reply
    1. Sherry of Save. Spend. Splurge.

      Ah! You are probably right. Thanks for the catch.

      Hey, it is best to buy on the way down because you just never know when it will go back up. You don’t have a crystal ball, you can’t predict this stuff.

      You did good. I plan on buying dividend stock in the new year but I have to get my cash flow, taxes, donations all in order first to see what is left.

      Reply
  4. Gail

    There is an important category missing from your budget: charitable donations.

    Reply
    1. Sherry of Save. Spend. Splurge.

      I do a yearly one, 10% of what I earned for the year, and that comes out of my net worth directly.

      For other people who do their budgets online, I would also personally find it indelicate to to point it out if they do not post about it. I don’t believe in shaming others for the way they decide to spend THEIR money.

      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

SOCIAL: Instagram @saverspender

DRINKS: homemade matcha lattes

SLEEPS: on a 100% cotton U.S.-made futon

WRITES: Books (also available on Amazon).

BEAUTY: swears by Paula’s Choice

——

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