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

Share Tweet Pin It +1

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.

You may also like

http://emersonfry.com/major-parka-coal

At what point would you feel wealthy?

Posted on July 1, 2016

Previous PostWhy I am giving up (another) $250,000 to be with my family
Next PostThe hard truth about working as a young woman in a male-dominated career

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

Leave a Reply

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

——

…but you can read more about me , browse my index of posts, or get in touch with me, talk to me directly on Instagram, and of course, ask me anything here.

$35 The Wealth Building Tool

Like a Boss Library (Sherry’s Books)

Referral Codes

Free Money Surveys
[ Use this link ]



Webhosting
[ saverspender ]



Shopping Cashback
[ Use this link ]



Clothing Resale


[ SHERRYISH ]



Private Lending
[ 7b03f0 ]



No-Fee Banking
[ 32726976S1 ]



Discount Brokerage
[ o0soehds ]



Social media scheduler
[ saverspender ]



Blog Ad Network
[ Use this link ]



Disclosure

Save. Spend. Splurge. uses affiliate links from Shopstyle, and Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com or ShopStyle. In addition to these, any referrals on the page will result in revenue if used such as BlueHost.

In English: If you click on a link, I could get a small commission, typically a few cents. And if you use a referral code, I could get anywhere from $10 – $70 for it. Thank you for your kind support!

Also, I am not a professional investment advisor or money manager by any means.

I am just a woman who loves money, talking about money, and making money.

All opinions expressed on this blog are personal and for entertainment value. Take them with a grain of salt and always consult a professional when in doubt.