In Budget Roundups, Money

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?

2016_farnoosh-so-money-podcast-episode-329-sherry-save-spend-splurge

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

https://www.savespendsplurge.com/category/style/style-budgeting-series/

You can read my own interview here.

LOOKING BACK

I am still in love with matcha green tea lattes.

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.


save-spend-splurge-budget-january-2016-expenses

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.

save-spend-splurge-budget-january-2016-expenses-pie-chart

TOP 5 CATEGORIES OF SPENDING

save-spend-splurge-budget-january-2016-top-5-spending-categories

NET WORTH = $539,232.58 or a decrease of -$10,850.30 or -2.01%

save-spend-splurge-budget-january-2016-net-worth

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.

save-spend-splurge-budget-january-2016-net-worth-past-12-months

BABY BUN’S NET WORTH = $11,057.04 or an increase of $298.59 or +2.70%

save-spend-splurge-budget-january-2016-net-worth-past-12-months-baby-bun

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!)

save-spend-splurge-budget-january-2016-dividends

LOOKING FORWARD

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Sherry of Save. Spend. Splurge.

Millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. Since then, I have paid my $600K home in cash (my half was $300K), my $180K casr in cash, 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 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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4 Comments

  1. Tom

    A very nice detailed set of results. Thanks for sharing!

    Reply
  2. Sarah

    I really like how you break down child related expenses into different categories! I know you have done baby posts in the past where you wrote reviews for products you used, baby essentials etc…I was hoping you could do a budget post of how much you spent on your baby in the first year and second year. I know every family and baby is different, but it would be really helpful to those of us who are saving for a baby.

    Reply

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