In Budget Roundups, Money

January 2019: Income & Expenses Budget Roundup

THE INCOME = $25,468.52

Day Job: $23,270.95

Day job .. is my day job. It’s what I earn each month, working 40 hours a week on average. Some months I do a lot of overtime, but other months I take back those hours by coming in later, leaving earlier, and it all evens out.

Blog: $1098.79

This has been steady at about $1000 a month so I am happy. I am not reliant on it, but it is nice to have the income coming in to cover things like my  condo fees and utilities at best.

Advertising: $798.86

Affiliate: $224.93

Products: $75

Save. Spend. Splurge. Products sold, include:

https://www.savespendsplurge.com/products

INCOME THOUGHTS

I’m feeling very good about 2019 and much more positive than last year, particularly since I also asked for a raise in my rate.

I effectively negotiated an increase of $20,000 this year in a total yearly income, and if I stayed 5 years, that’s an extra $100,000 I otherwise would not have gotten.

Sounds good to me, no?

All of my posts on career negotiation are all located here.

THE EXPENSES = $2617.67

I did SO WELL THIS MONTH, everyone.


The actual number of transactions that happened this month was half of what I used to enter before.

I am pretty excited about keeping up on it, and turning my energy outward to getting more money and income in, rather than spending it to get that same ‘high’ if that makes sense.

Even my top 5 expenses look good, and although Wardrobe Accessories (not planned) was at the bottom, it is the lowest amount compared to the others, and very low compared to other months.

I couldn’t resist a sale by one of my favourite designers Christina Rose… she makes the most beautiful jewelry.

I am pretty thrilled that things are working out well.

A great offense (income) with a great defense (not spending / saving) = HIGHER net worth.

How did you do this month?

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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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6 Comments

  1. Jen

    Congrats Sherry! That is a very low expense number 🙂

    Reply
    1. Sherry of Save. Spend. Splurge.

      I know, shocking right?

      Reply
  2. Suba

    I am happy to hear about your raise. I had a good month too . I received a $15k raise and a $5k bonus increment . My job is fulfilling but stressful at times so this was a great motivation to stay longer.

    Reply
    1. Sherry of Save. Spend. Splurge.

      Exactly. It is enough to get me through until I am sick of it.

      Reply
  3. Flo

    Hi,
    You said in ”2018 Final Year End Budget Roundup’ that you quit your job.
    What happened finally?
    I hope everything’s fine, you seemed tired and unhappy at this job.

    Reply
    1. Sherry of Save. Spend. Splurge.

      Thank you for asking! I told them the truth, and got a $20,000/year bump. I am staying until I decide to leave, and I am trying my best to NOT STEP IN and try to help or fix things. They have to learn on their own, and this is the hardest lesson for me because I really want to fix it. I have to step back and ignore it.

      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

——

…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.

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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.