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Home › Money › Budget Roundups › July 2016 Budget Roundup = $506,965.46 or an increase of +$2227.76 or +0.44%
Money

July 2016 Budget Roundup = $506,965.46 or an increase of +$2227.76 or +0.44%

LOOKING BACK

So much happened this month, and there is more to come.

We made a few offers this month on condos (moving fast), and ended up deciding on a final one that cost $600,000 in cash; this is why we decided to buy a condo in cash.

I paid my half ($300,000) in cash, and as a result, have seen my investments drop because now I have the chance to rebuild them back up again.

I have about $200,000 outside of my home, so that isn’t so bad for me.

It’s not ideal, but it isn’t terrible. I still have a lot of money to survive for the next 5+ years without working a day, if I have to.

INCOME = $0

Still not working. Hanging out with The Bun which has been fulfilling in its own way. I’m learning patience, how to stay calm and block out squealing/screaming in your ear when you are about to lose it.

What really helps is if I sleep well.

EXPENSES = $4795.14

Part of all of this was stress as well (see: Food & Wardrobe)

I think The Hungry Caterpillar knew this best…

https://www.buzzfeed.com/keelyflaherty/classic-childrens-books-retold-for-adults?utm_term=.psBEpXzbo#.abX6dX7Oz


save-spend-splurge-budget-roundup-july-2016-expenses

Even before you buy a home, you have to pay for so much — the notary, the taxes on the home (the “welcome” tax), new appliances, think about painting, closets…

I can see how homes are a real money suck and this is only the beginning for us.

Once we get the place settled in about 2 years or so, I am most pleased about seeing my ‘rent’ go down by at least half.

TOP 5 EXPENSES THIS MONTH

save-spend-splurge-budget-roundup-july-2016-top-5-spending

DIVIDENDS = $1028.38

save-spend-splurge-budget-roundup-july-2016-dividends

*sob*

This will be the last month I see such great dividend gains.

I was on track to get $12,000 a year in dividends until we cleared the place in cash, so .. guess I’ll be rebuilding all of that again!

NET WORTH = $506,965.46 or an increase of +$2227.76 or +0.44%

save-spend-splurge-budget-roundup-july-2016-net-worth

At least I am still in the half a million dollar range!

Not bad for someone who isn’t working at all.

BABY BUN NET WORTH = $14,016.80 or an increase of +$438.09 or +3.2%

save-spend-splurge-budget-roundup-july-2016-baby-bun-net-worth

In Baby Bun news, he is doing great, and is KILLING IT in his net worth.

I’ve been diligently tracking all of his money from the government being deposited into his account, maxing it out at $2500 a year for his RESP, and storing the rest in a high interest savings account.

My little saver… <3

mommy-and-baby-parenting-otter-wild-zoo_4

LOOKING FORWARD

We will still need to shell out for:

  • Notary ($900)
  • Taxes ($5000)
  • Closets ($5000)
  • More appliances ($2000)
  • Moving fees ($300 for change of address forwarding)
  • ????

Who knows what else?

Goodness, I need to get a contract. HIRE ME ALREADY.

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2016 Budget Roundup Budget Roundups Expenses Income July July 2016 Month Net Worth Review

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11 thoughts on “July 2016 Budget Roundup = $506,965.46 or an increase of +$2227.76 or +0.44%”

  1. Ralwoe says:
    September 18, 2016 at 5:33 PM

    You were doing so well, until you lost your mind and bought into a condo; or at least were planning to.

    Reply
    • sherry@savespendsplurge.com says:
      September 19, 2016 at 1:22 PM

      And what have you done?

      Reply
    • sherry@savespendsplurge.com says:
      September 19, 2016 at 1:23 PM

      I mean, besides criticize strangers online for doing what they want with their money.

      Reply
  2. Jen says:
    August 8, 2016 at 7:44 PM

    Congrats Sherry!! No more moving around. Listened to your podcast with Farnoosh..it was excellent!!

    Reply
    • sherry@savespendsplurge.com says:
      August 9, 2016 at 9:17 AM

      Thank you kindly!!!!

      Reply
  3. Marie-Josée says:
    August 3, 2016 at 10:07 PM

    Congratulations on your purchase and for putting down roots in lovely Montreal. Good luck with the move and in settling in smoothly with the baby.

    Reply
    • sherry@savespendsplurge.com says:
      August 6, 2016 at 12:23 PM

      Thank you so much! 🙂

      Reply
  4. ST says:
    August 3, 2016 at 11:21 AM

    Congratulations on your new condo purchase. After we bought our house, we spent a lot more than we had aniticpated as well. Just wondering what kind of condo does $600K get you in the neighborhood you chose? I assume quite large, although I don’t know much about Montreal’s real estate to be honest.

    Reply
    • sherry@savespendsplurge.com says:
      August 6, 2016 at 12:24 PM

      1200 square feet, 2 bedroom, 2 bathrooms and 2 parking spots. 🙂

      For that same price, if we lived farther away, we’d get a huge house….

      Reply
  5. raluca says:
    August 3, 2016 at 8:49 AM

    Both you and your Bun are killing it!

    Reply
    • sherry@savespendsplurge.com says:
      August 6, 2016 at 12:24 PM

      He is really doing well *proud*

      Reply

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The Budgeting Tool

About Me

I am a wealth-obsessed, style-focused, minimalist.

I got out of $60,000 of debt in 18 months with The Budgeting Tool which I now sell online and donate its net proceeds to charity, along with The Investing Tool.

I've also authored two books: Start a Blog Like a Boss - Making $1000 USD a month & Invest your Money Like a Boss - In 4 Hours a Year.

I earn like a princess when I work but am trying hard to live like a duchess instead by not spending all of it.

The rest of the time I relax and enjoy the time off by traveling, although traveling has been on hold lately with the arrival of Little Bun, my rambunctious, ever-hungry little boy.

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