January 2016 Budget Roundup = $539,232.58 or a decrease of -$10,850.30 or -2.01%
DID YOU CATCH MY PODCAST WITH FARNOOSH ON SO MONEY?
If not, check it out here where I talk about making money, negotiating and what I do what I do.
NEW SUNDAY SERIES: STYLE BLOGGERS <3 BUDGETING
You can read my own interview here.
I am still in love with matcha green tea lattes.
- I said no to $250,000 and a new contract (I need the time off, a break, and to de-stress).
- I am currently battling a severe ear infection in both ears that is causing me some serious pain.
- My son takes the most artistic selfies and likes to put his bottle on a coaster without prompting. O_o
INCOME = $4600
I went back for a short extension at the client, but then I was done. REALLY. DONE.
EXPENSES = $2160.75
I AM DOING SO WELL.
Considering $780 of that was daycare for 2 months I am PUMPED. Without that, I would have easily come under $2000.
I am so SO pleased with my bad self this month. I returned quite a bit, but not only that, I spent less than I usually spend.
It is really hard.
Willpower is not something that I exercise often because of my high income, but now I have a new concrete yet abstract goal in mind:
NEW MONEY GOAL
$300,000 cash outside of any registered investment accounts at the end of the next 5 years.
I was going to wipe out let’s say my TFSA to go towards my condo purchase (it holds about $50,000 but now my plan is to not touch ANY registered plans whatsoever.
TOP 5 CATEGORIES OF SPENDING
NET WORTH = $539,232.58 or a decrease of -$10,850.30 or -2.01%
I expected my net worth to drop, so this is not unexpected but it is a little painful still, especially since I worked so little this month and my net worth will continually drop.
I usually calculate my charitable contributions at the end of each year, and then I distribute it out before the window for tax season closes.
BABY BUN’S NET WORTH = $11,057.04 or an increase of $298.59 or +2.70%
Baby Bun posted a gain in his net worth this month.
He is totally outpacing Mommy Bun! 🙂
Maybe I should take some investing advice from him.
DIVIDENDS = $1055.23
At least I am making money and reinvesting it back into buying more stock (DRIP FTW!)