In Budget Roundups, Money

July 2019: Income & Expenses Budget Roundup

THE INCOME = $1193.69

Day Job: $0

I have taken a break from working to spend it with Little Bun. I’m waiting for another contract that I want to take, to come along.

I am not interested in working right now, I really need a break… I haven’t stopped in 2 years.

Blog: $1193.69

Advertising: $1074.73

Affiliate: $0

Products: $118.96

Save. Spend. Splurge. Products sold, include:

https://www.savespendsplurge.com/products

INCOME GOALS FOR THE NEXT MONTH

I don’t have any. I have saved enough that I don’t necessarily need an income coming in, but I would like any side income (mostly blog-related) to offset the outgoings, if that makes sense.

Oh, and work on the outgoings to be less than before.

If you are interested, my money is parked here:

  • EQ Bank: Good, general 2.3% high interest savings account; subject to change
  • Tangerine: Use my Orange key { 32726976S1 } for free money ($50 once you deposit $100; and I get $50 too)

…credit card extra rewards cashback savings here:

  • PayTM Canada and PayTM USA is also how I pay my municipal taxes, utility bills and so on with my CREDIT CARD (yes!! TO GET CASH BACK) plus I earn PayTM points for Amazon, Starbucks gift cards etc… Use my referral code [ PTM210713 ] for a free bonus 5000 points ($5 gift card)

…and invested here:

THE EXPENSES = $2970.12


This is what I spent, but I did not put in there what I put for charitable contributions. More on that below.

If you’re interested, I use the following credit cards and cashback reward programs:

  • eBatesI use this site ALL THE TIME when I shop online, and thus far have racked up $750 in cashback in 3 months. Use referral link here [ https://www.ebates.ca/referrer?referrerid=RUKLesGAZDc%3D ] for a free $5 to get started.
  • PayTM Canada and PayTM USA is also how I pay my municipal taxes, utility bills and so on with my CREDIT CARD (yes!! TO GET CASH BACK) plus I earn PayTM points for Amazon, Starbucks gift cards etc… Use my referral code [ PTM210713 ] for a free bonus 5000 points ($5 gift card)
  • Rogers World Elite Mastercard – No annual fee, 1.75% cash back, but you can only redeem it yearly and you have to call each year to ask them to redeem the credit against your next year’s statement. I use it for all my purchases as I buy a lot in USD$, and those purchases are 4% cash back (almost like a no forex fee in essence)
  • Tangerine Mastercard – No annual fee, 2% back on certain categories (up to 3). For their savings accounts, use my Orange key { 32726976S1 } for free money ($50 once you deposit $100; and I get $50 too). I give this card to my partner (he has a joint card) and he uses it constantly.
  • I used to have the MBNA World Elite Mastercard but they increased the annual fee. That was disappointing, they used to give 2% back on everything.

So this is my breakdown. It looks like most of my money went to Groceries, Household Equipment and Clothing.

The Household Equipment was mostly my buying things for my mother – a Dyson vacuum cleaner, plates, etc.

The Clothing part was because I was in Toronto and SHOPPED LIKE A MOFO!!!!!!!!!!!!!!!!! …. That’s over now.

Also spent $10,000 but didn’t record it above….

The $10,000 went to charities for planting trees.

I normally do this only in January/February once my taxes are done, and you can see in my previous budget roundups, taxes come out and charitable contributions come out, and my net worth DIVES.

This is an exceptional expense because I have felt so terrible about the environment, and decided to start cutting back drastically everywhere by beginning and contributing $10,000 to planting trees.

I chose the following 5 organizations at $2000 each:

I also installed as I mentioned a little bit before, Ecosia.org is to install it on Google Chrome to use it as my default browser  and the app on my phone as well because 45 searches plants one tree.

One tree is better than none.

Tons of trees are better than anything I can imagine. It helps rebuild biodiversity back in areas that are becoming desert wastelands by building microdiversity, and helping economies in that area, not to mention cleaning CO2 off and out of the environment.

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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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Posted on April 3, 2017

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