In Budget Roundups, Money, Style

February 2018 Budget Roundup: The Income & The Expenses

Okay so you know how I gloated that I killed it blog-income wise last month?

Yeah, this month SUCKED.

I dropped down significantly by half. O_o

THE INCOME = $22,194.70

Day Job: $21,155.40

Day job .. is my day job. It’s what I earn each month, working 40 hours a week. Nothing to see here. Boring.

Anyway.

Blog: $1039.30

Advertising: $577.36

Affiliate: $409.25

Products: $52.70

Save. Spend. Splurge. Products sold, include:

https://www.savespendsplurge.com/products

WHAT HAPPENED TO YOUR BLOG INCOME?

What happened?

I HAVE NO CLUE. ๐Ÿ™ I need to figure this out.

I went from killing it, to “back to normal”, although I suspect the rush of holiday spending is over (e.g. Christmas and New Years), so advertisers pull back usually at the start of the year.

INCOME GOALS FOR THE NEXT MONTH

Going to see if I can pick up some more contracts

BECAUSE I AM NOT BUSY ENOUGH.

AMIRITE?!!?

I am searching out for a way to see if I can work at another contract simultaneously while I am at this one.

Why? Because I need money.

Why else?

Because I can do this with the free time (LOL) I have after work starting at 4-ish and on the weekends. If I can contract work part-time on top of all of this, this would totally be the sweeeeetest thing ever to pull in even more per month.

Will start offering career / money coaching consults

I think I might also take some of your advice, dear readers and friends… and start seeing if I should push my business of consulting (personally) more.

I have been helping a bunch of people as of late, and I am really good at it because I’m passionate about teaching everyone as much as possible about how to CRUSH IT in life, career and money…

My recent success stories:

Sooo… if you’re interested, I’m taking on new clients.

My fee is $50 per half an hour, and if you send me some points before our call (I will call you), I can focus in on a lot in a short amount of time.

Need to get this blog income straightened out. WTF, man!?

As for my blog income I really need to take some time to review the blog and try to figure out what the heck is happening.

I basically went from earning about $100 – $200 from Adsense each month to $20 a month.

Something changed, something is wrong, I am missing SOMETHING…. and I need to spend time looking at it because this is NO BUENO (see? learning Spanish as a new language goal with Duolingo is already paying off).

I am doing SOMETHING different. Or Google is. I need to work on this.

THE EXPENSES = $4158.27

Oh man….

My goal was to stay under $3750. I clearly did not make it, despite my bushy-tailed, bright-eyed hopes.

Few side notes here about a few categories I want to point out:

I AM NOW ROLLING OVER MY AMOUNTS MONTH TO MONTH

I am tweaking my budgeting tool a bit to see if this will help me — basically, I can over spend in any month, but that deficit carries onto the next month and so on until it is “paid off”.

For instance, in a category likeย HOME where I pay on average about $576 a month for my home (condo fees AND taxes included), there are some months like this month where a whackload of municipal taxes hits me all at once, and it runs me straight into the negatives.

With this approach, I can see that I will have “paid off” the taxes with my average forecast of $576 a month, by October (I get slammed again in a month or two with the second instalment).

In a spendy sort of way, I am also rolling over “saved” amounts. I didn’t spend TOO much on clothing this month and as a result, for March, I have slightly more money (double what I budgeted) for accessories if I choose to spend it (or not).

I am also toying around with the idea of robbing one category like Style to pay for another like Electronics, but I think I may not want to complicate things, and I’d rather be happy with having saved in that category rather than ultimately having spent the money even if it was in another area.

The more “credit” I accumulate the better I will feel, and maybe by the time it hits Black Friday and I get an urge to buy one nice beautiful thing, I’ll have a set budget and ‘reserve’ money from previous months to pay for it, with zero guilt involved.

GROCERY

You know, my Grocery line has always been insane. We buy organic, we buy top quality stuff and we eat WELL.

We have in recent months however, cut WAY BACK on meats and seafoods.

In fact, I think we eat meat / seafood perhaps.. once every 2 weeks if that. Grilling season will be upon us soon, so I suspect this will change into fish on the grill and so on, but we have been pretty good at not eating meat lately which has helped the budget.

In addition, with retirement so close in sight that he can SMELL IT, my partner has been diligently working on NOT buying dinner every night outside (baguette, etc), or buying something but just a snack. And relying on eating our food stores.

I have (as a result) been making a LOT of noodles (my new favourite thing is to add Nutritional Yeast in there as a flavouring).

TRAVEL

We are going for at least a month to Europe this year. We’ll both be benched around the same time and I am thinking I’ll extend that to two months or longer. We’ll see.

I am hoping he will agree to spend 2 weeks in France and another 2 in another country, but he is not keen on “wasting” his retirement money (LOL) going to places where we don’t have family to bum room and board off on, so I suspect we’ll be sticking to France pretty strongly.

Anyway that’s coming up, expect to see an expense in my budget soon.

STYLE

Eh?? EH?? Look at how great my numbers are! I have been super conscious about NOT buying stuff I don’t want.

I am doing really well, except.. obviously… the most recent purchase of these yoga pants that I didn’t really need but was at a low weak point, and bought on a whim. *sigh*

Old habits die hard. But I am doing really well.

I am consciously AVOIDING “browsing” stores I love, I am consciously avoiding going online and “just looking”, and focusing my energies on reviewing my closet and listing more stuff for sale.

ELECTRONICS

…but then it seems to have transferred into an ELECTRONICS spree of sorts. I just .. upgraded on everything that I use often. I will explain how and why though, and my plan on “paying it all back”

But first!

I picked up in this month alone the following:

$1115.53 =ย Sony RX100 V Camera

An upgrade from the Version 1 I owned and loved; in a few short words, it is AWESOME.

24 frames per shot (fps) means when Little Bun starts soccer this summer, I am going to catch every movement.

The quality is phenomenal and I really leapfrogged from Version 1 that I bought secondhand for $600 with all the accessories to this Version 5, which I ripped the accessories off the old one for, and just put them on this new one (e.g. handgrip, spare batteries…)

$150 = Apple Wireless Airpods

https://www.apple.com/ca/shop/product/MMEF2C/A/airpods

SUCH a good deal from a friend, brand new, I couldn’t pass it up.

They normally retail for $219 + taxes so it would have been $251.85. I saved a full $100 off the retail price, which is 40% off!

$287.43 = Kobo AuraOne E-Reader

https://www.chapters.indigo.ca/en-ca/electronics/kobo-aura-one-indigo-exclusive/681495007240-item.html?ref=by-shop%3aelectronics%3akobo-ereaders%3aaura-one

Not only is this e-reader bigger, it is actually LIGHTER than my old Kobo Aura (first version that is only 6″).

The pages turn really fast (I hate waiting) and I had waited about a year and a half checking obsessively on Indigo and Kijiji for a used Kobo AuraOne e-reader.

No. Luck.

I finally decided this month, to bite the bullet and buy it. There is no point in waiting another year or two, and being frustrated with my old e-reader when I have the means to buy a new one. Life is too short to hate reading.

SO… UMM.. WHOA. HOW ARE YOU PAYING ALL OF THIS BACK?

I’m selling off old stuff. Electronics, I sold my old camera, I sold my old e-reader, my old GPS,…….all to help offset the cost of these items.

In doing so, I got about $420 back from old electronics lying around that I never used, that I am using to help offset thisย Electronics category section.

Nice huh? This is making me even more motivated to scrounge around my closet and find MORE electronics to offload and get rid of.

So far, this is not bad. I mean, $420 off stuff I considered to be inactive / useless? Win-win, honestly.

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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. Mia

    It’s fascinating to see the price differences between where you are and where we live (in a large US city). For us, preschool/daycare runs about $1400-$1600 a month USD per child (about $1800-$2000 CAD at the current rate), and we are getting what is considered a good deal!

    I realize health is another area where things are different…but where I lucked out is my company (and my industry in general) excels at the employer-provided healthcare benefits, so my family is covered by an extremely generous health insurance plan that I pay very little for. Pretty much everything is paid for 100% or close to it under our plan, including specialists, private hospital rooms, things like chiropractors/therapists/etc., all prescription and OTC drugs, dental, vision, etc.

    Reply
    1. Sherry of Save. Spend. Splurge.

      To be fair, in Ontario you do pay about $2000 a month with no reprieve from the government. I remember at one point with 2 kids, it was getting insane for my sibling.
      We pay $875 a month, but we get back about 40% of that, so it is less than even that… And people whine about it HAHA!.. in France, it’s free, so my partner was horrified we had to PAY for daycare.

      That is super lucky that you got covered so well in your health plan, not many industries cover so much.

      Reply
  2. ArianaAuburn

    First of all, I want to congratulate you on not spending much on clothes. You already dress like a queen, so why eyeball new pieces so much? If I had the energy to develop a style as close as yours, I wouldn’t shop for new clothes for a year (with the exception of underwear, socks, etc).

    Two questions: 1) Do you offer career advise to professionals that are entering the STEM field? Example: University Graduates, etc

    2) What is your motivation for learning Spanish (just out of curiosity)?

    Reply
    1. Sherry of Save. Spend. Splurge.

      *laughing* You’re so right. Thank you for the encouragement. I will keep that in mind for next month.

      1. Yes I do. Check out my rates here: Consultation Rates with Sherry

      2. It is one of the most spoken languages in the world. I know English and French. Spanish is next on my list until I learn the top 5 languages… or just out of curiousity. I like useful languages and I hear a lot of people speaking Spanish here. I’d like to be able to converse with them in their language…

      Reply
  3. Sandy

    That isn’t a bad month, Sherry. You’ve bought some things you wanted to enjoy and you’ve sold some stuff you don’t need anymore. That’s cool. I think you strike a good balance between spending what you can afford and holding off to find good deals. I had a great month sorting out my closet but I didn’t sell anything, just donated a LOT of good stuff (with tags) to our local hospice thrift shop. As a mom of 4 kids, I would caution you on spreading yourself too thin with extra work. Fair enough if you NEED the money but, if you can cut back and budget (LOL), I think you would benefit more from spending that time with Little Bun and not putting yourself under pressure. I tried to overextend myself once and that was a mistake for me. It’s not my business really but children are only ‘so’ small for ‘so’ long. Then they don’t want you around anymore LOL …. YMMV. I am intrigued by your partner’s cooking and recipes ….. could you share his recipe for baguettes? I love to try new baguette recipes ๐Ÿ™‚

    Oh, GOOGLE Adsense. Google made changes to their algorithm from what I understand. Someone in my office was complaining about 2 or 3 weeks ago that certain changes had been made in regard to the way that Google serves up ads. It made a negative difference to his blog income.

    Reply
    1. Sherry of Save. Spend. Splurge.

      Oh you’re right ๐Ÿ™ I will have to be careful about that.

      He hasn’t baked a single baguette yet. waiting for a test one.. ๐Ÿ˜‰

      HUGE BIG FAT DIFFERENCE. My Adsense is negligible now.

      Reply
  4. Financial Orchid

    Thoughts on a shopping ban experiment?
    For anticipated annual expense hits like property taxor utility expenses I usually add that to my anticipated expenses for the month based on prior year numbers and look at my total expense as a whole for the year with monthly breakdown. This allows me to anticipate for that big bill next month looking at the sheet. Psychologically I curb my discretional expense the month before in anticipation for the big fixed expense the next month.

    There’s no need to to rollover prior months because it was anticipated fixed cost

    Reply
    1. Sherry of Save. Spend. Splurge.

      1. Tried at least 50 bajillion and failed on all shopping bans.

      2. I like the rollover idea though, makes me antsy to see negatives in my “whats left” column… ๐Ÿ™‚

      Reply
  5. Sense

    I love my Sony RX100 II! Everyone comments on how gorgeous my photos turn out. So nice to hear that the V is even more wonderful.

    I am not ready to retire my model 2 yet–so much more to learn on it! The only downside is that even though it has manual capability, no photography course will teach me beyond the intro without a full DSLR setup. Kinda lame. Instead, I have been learning how best to use it from a book by Alexander White. Coincidentally, he wrote a version for the model V if you wanted tips:

    Happy snapping!

    Reply
    1. Sherry of Save. Spend. Splurge.

      oo! Thank you! I may check out the book… at least from my library.

      Reply
  6. Escape to MI

    Iโ€™m glad to see you sticking with the budgeting posts!

    Where and how do you list so much for sale?

    Reply
    1. Sherry of Save. Spend. Splurge.

      Yeah I am doing better now!

      Craig’s List, Kijiji, and Les Pac mostly…

      Reply

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