In At Work, Budget Roundups, Capsule Wardrobe, Discussions, In my closet, Minimalism, Style, Style, Wardrobe Help, Women

June 2013 Budget Roundup = $217,236.73 or a decrease of $2426.68 or -1.10%

LOOKING BACK

A FEW PICTURES FROM THIS MONTH

Macarons at Nadege on Queen Street, Toronto

They have stepped up their game, and are not AS inconsistent as before.

Macarons-Nadege-Toronto-2

Aren’t they pretty?

Macarons-Nadege-Toronto

Chiyogami Japanese silkscreened paper at The Paper Place on Queen Street, Toronto

I have no idea what I’d do with all this beautiful paper, BUT I WANT ALL OF IT.

It is just.. SO. PRETTY.

Chiyogami-Paper-Stacks-Paper-Place-Toronto

If I ever settle down, I may buy a few pieces (OR ALL!! BWA HAHAHAHA) and frame them just as they are.

Wouldn’t it look cool as a set of 9 x 9’s on a wall?

Chiyogami-Paper-Stacks-Paper-Place-Toronto-2


Chiyogami-Paper-Stacks-Paper-Place-Toronto-3 Chiyogami-Paper-Stacks-Paper-Place-Toronto-1

SURPRISE! I AM LEAVING FOR EUROPE FOR THE SUMMER!

Time = Luxury = I have a lot of it right now!

I’m going to Europe for a couple of months, so a few things are going to happen:

  • A packing post for what I brought for 2 months (obviously)
  • A travel budgeting post (will be done after I come back)
  • A list of things I am looking for in Europe (I’ll post this as part of the packing post)
  • ..and the worst? Lack of replying to comments & being present on the blog (sorry!)
  • I also won’t be doing a July or an August Budget Roundup / What I bought post until I get back

I’m going to France and Spain this year, spending about a month in each.

So far the flights, hotels and transportation from city to city has been booked at about $2200 a person, or $1100 a month.

If you compare what I spend on rent and transportation here, it’s about $450 a month, so that budget has essentially been doubled for my cost of living.

Other Costs: ~$3450

  • Food is still up in the air*; perhaps will cost about $1500 in total, or $25/day
  • Shopping is “budgeted” at $1400 USD (quotes intended, could spend it..or not at all.)
  • Public Transportation within the cities still have to be paid (bus fare, metro tickets, etc), at $300 or $5/day on average
  • Sight-Seeing – I am not sure we will be actually paying to sight-see anything, but I’ve budgeted in $250 just in case (may want to go back to the Louvre)

(*Although we will not be strictly vegan for 2 months being surrounded by cheese and seafood)

Travel-Photograph-Paris-France-Cheese-Fromagerie

I am going really just to relax.

I know it’s unbelievable that I haven’t worked a single day at all this year, but I am leaving for Europe for 2 months to “relax”, but with everything that has happened with my family, and other stresses, this will be a good time to see the other side of the family.

(And to eat. I am going to take this eating bit to the maximum.)

I’D LIKE TO KNOW WHERE MY TAX MONEY IS GOING…

I’d like to:

  • Fire most if not all Canadian senators (they’re rather useless, don’t work much but get paid $$)
  • Set it up so that when people pay taxes, their statements SHOW where their tax dollars actually went (parks, social programs, roads, street lights, etc)
  • Chop the bloated Canadian government workforce in half; from my working experience there are way too many people in the wrong departments and/or doing jack squat but are getting paid anyway. It aggravates me to see how useless and lazy most of the departments I work in are, when others are completely overtaxed and worked to the bone. It’s SO UNFAIR.

With that extra cash, we could upgrade things like the TTC system to bring it into the new age of RFID cards, top-ups online with credit cards, and getting rid of those turnstiles — e.g. you now have to tap in and tap out, you only pay for the amount you travel.

No more stupid tokens, paper transfers, and paper tickets. If you “forget” to tap in or out, you get slammed with the full day fee of $20.

(I liked those traveling features in Singapore and Hong Kong)

What an antiquated way of traveling. Sheesh.

Aggravating.

INCOME = $812.21

EXPENSES = $5812.96

3 words: Wardrobe and Traveling make up the bulk of this spending. About $5000 worth.

June-2013-Save-Spend-Splurge-Mochimac-Budget-Roundup-List-of-Expenses

*cringe*?

 

June-2013-Save-Spend-Splurge-Mochimac-Budget-Roundup-Pie-Chart-Expenses

TOP 5 CATEGORIES OF SPENDING

Obviously.

June-2013-Save-Spend-Splurge-Mochimac-Budget-Roundup-Top-5-Categories-of-Spending

SAVED: ARE YOU KIDDING? SAVED?

WHO DO YOU THINK YOU’RE TALKING TO?

Oh you aren’t joking.

Right.

PF Blog and all.

$150 THEN.

I saved the most on my sunglasses this month if you don’t count my special purchase logged under Splurged.

See, I bought Persol sunglasses in last month for $350, but I returned them this month, and got them for $200 by buying them online instead.

$150 saved!

SPENT: $2200 ON GOING TO EUROPE FOR THE SUMMER

(See above)

I feel like a rich person.

Vanderbilt: “Where do you summer?”

Me: Oh Europe this year. Planning on spending it in Paris, and around Spain this year.

SPLURGED: ON A SINGLE, VERY SPECIAL ITEM…!

(Also saved $400 on it too.)

I think this should give you a hint:

Burberry-Bridle-Gate-Trench-Coat-4-Ways-Cuff-Bag

(In my pre-emptive defense, it was on sale….!!!)

I also really really love it.

NET WORTH = $217,236.73 or a decrease of $2426.68 or -1.10%

June-2013-Save-Spend-Splurge-Mochimac-Budget-Roundup-Net-Worth


No surprise to anyone, the TSX (Toronto Stock Exchange) has been taking a dive recently. Basically any returns you’ve gotten from the past years of investing in the Canadian index, has been wiped out.

The good news is that as I am not an emotional investor, I am holding onto all my stocks, and index funds. Nothing has changed for me.

I have a big emergency fund at $40,000 because I am a freelancer, and right now, cash is king.

I’m holding on to cash earning 2.6% promotional interest at PC Financial until July 15th, until I see a good time to invest a chunk of it (up to $25,000).

(Don’t try and talk yourself blue in the face to tell me I should invest it now in the stock market.

I would have lost a good chunk of it just in this past month alone, if I followed your advice.)

 

NET WORTH FROM THE PAST 12 MONTHS

Note: I haven’t worked at all in the past year or so, so this makes me feel a little bit better when I see my rollercoaster net worth go up and drop.

June-2013-Save-Spend-Splurge-Mochimac-Budget-Roundup-Net-Worth-12-Months

MY 5 FAVOURITE POSTS THIS MONTH

BEST VIDEO OF THE MONTH

Russell Brand mocking the news anchors and media. Says what he thinks, intelligent, articulate, and extremely funny.

10 BEST ARTICLES I READ THIS MONTH

I am limiting this list to 10 articles per month.

Think of it as a personal Mochimac Carnival of Great Articles.

1. Women’s earning power since 1965: We now make up 40% of breadwinners in the U.S. which is not surprising, but I wonder what it will do to the change the stereotypical dynamic. I’d be interested in knowing how men change their roles at home as well, because really, who you pick in life as a partner determines your financial future

2. Thinking about money. Seth Godin is a fantastic writer. Having him talk about one of my favourite money subjects is sublime reading.

3. How I stopped a $10 million dollar bank robbery. See? Even smart people with fancy degrees can get conned by (smarter) crooks. Another lesson? Listen to your gut.

4. Early retirement extreme – you only live once. What is the point of saving all this money if you can’t spend it because your principal will go down, and your income from that principal will decrease as well? Living on the edge of poverty and calling it “freedom” is anything but to me. What I really want, is a retirement that is well-funded so that I can spend that money eating what I want, going where I want, and doing what I want. Heck, I want all those things NOW.

5. F— you, I’m short your house. Definitely a departure from Nelson’s style of posting (no immature joking here), and a very well-written piece on him basically shorting the housing market using banks. (Yeah I skipped to the end to get the juicy bit, then I went back to the beginning.)

There is also a fabulous follow-up article by PK on how we Canadians are pretty much screwed and at higher levels of inflation and debt than the Americans were before everything crashed.

And if NEITHER of those guys have convinced you, give Dr. Stanley’s post on how true millionaires don’t live in fancy homes, but have solid investments instead.

6. Personal wealth hierarchies. I always thought of myself in the: Doing Good category, like AdinaJ. Although I guess if you want to look at my past 3 years of not really working more than 10 weeks (I know, get a contract, right?), I may be in a higher category except for me, it is not a sustainable lifestyle to not work and keep spending.

7. Is local the new luxury? As always, an interesting post from Bridget about how buying local, handmade goods seems to be the new luxury rather than a designer item. For me, it depends on the item in question. A well-made pair of sunglasses does not come “local”, but a great leather jacket or purse (m0851, Matt & Nat vegan leather), does. Personally, I’m on AdinaJ’s side, I’m getting more and more into consignment shopping for higher quality but at far more reasonable prices.

8. Woman gets arms, legs and butts amputated. You just have to read it to feel the shock and horror of what she went through. YES she was in hindsight, silly and vain (we all are at one point in our lives), but you can’t help but feel empathy, compassion and anger at what happened to her. I am not a fan of plastic surgery in the slightest. I even have qualms against dying my hair for goodness sake!!!

9. How I became a blogging / freelancer. From blogging for about 6 years prior to starting this blog (going onto 8 years now), I can tell you that the first 5 years will be slow because you have no PageRank, and will not make more than maybe $50/month on average in Google Adsense for the whole 5 years (unless you accept a ton of sponsored posts for cheap, which I don’t do). After the 5 year mark, more advertisers come on board to want links on your site and then it gets easier and easier. Of course, every blog varies but that’s been my experience. 5 years. Good thing this is just a hobby.

10. Equilibrium. Money habits aren’t permanent, and it’s okay to indulge once in a while, as long as you are on the whole, heading up towards the bright, big, blue sky. It’s all about making choices. I don’t have a car or a house because I don’t need them, but instead of having those payments, I spend my money on what I want (semi-within-reason) like travel and shopping. Saving the maximum I have for myself is key when I work, so that when I don’t work, I can spend it without fear of running out. This is really what drives me to save a lot of money when the money is good.

BEST BLOG FEATURES FROM THIS MONTH

CARNIVALS I WAS IN THIS MONTH

LOOKING FORWARD

This should give you a hint of what I am expecting (although the sausage will not be on my plate, as I really hate dried sausages because they’re disgusting and full of oily fat):

Travel-Photograph-Food-Eat-France-Gourmet-Meal-Bread-Cheese-Salami-Wine

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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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29 Comments

  1. Jane Savers @ Solving The Money Puzzle

    Every month I am amazed by how much money you find on the street. I drive and you take transit so you have more opportunity but I only find the occasional penny and they are usually dropped somewhere disgusting like an oily puddle.

    What an amazing adventure you have planned for your summer. I will be working indoors without windows as usual. Make sure to send updates of food to make me even more jealous than I already am.

    Reply
    1. saverspender @ save. spend. splurge.

      @Jane Savers @ Solving The Money Puzzle: Perhaps!

      I just keep my eyes open. I don’t know what it is, but it’s just an automatic instinct in me to scan my surroundings. I can’t help it.

      Found a $20 bill once. 🙂

      HAHAH! I won’t be sending any updates while on vacation because I’ll probably be stuffing my trap.

      Reply
  2. SarahN

    Oh I’d love to be jetsetting! Everyone seems to be holidaying but me and it’s cold here in Sydney! I look forward to seeing what you bought too 🙂 oh and I have dreams of a similar paper project if I can find enough that tone well together. Sadly most places’ collections are too small.

    Reply
    1. saverspender @ save. spend. splurge.

      @SarahN: The post on what I bought comes up tomorrow. 🙂

      They have lovely paper collections here but I don’t have any projects, unfortunately. I guess I’d really need a house like you to be able to decorate it freely and create my own projects.

      Reply
  3. Tracy

    What’s in that Burberry bag??

    Reply
    1. saverspender @ save. spend. splurge.

      @Tracy: You’ll find out tomorrow 🙂 It was just a hint.

      Reply
  4. Cat Alford (@BudgetBlonde)

    Love it! And obvi I totally want to see what’s in the burberry bag haha!! Enjoy your tips this summer. You work hard, and you deserve it!

    Reply
    1. saverspender @ save. spend. splurge.

      @Cat Alford (@BudgetBlonde): You’ll all find out tomorrow what I bought 🙂

      (I am not sure it is fair to say I worked hard this year, as I haven’t worked at all… since 2012. But still, thank you!)

      Reply
  5. Tania

    You don’t have to justify going on a vacation to relax, you are also going to have an experience! Enjoy.

    I think the government spending bloat isn’t unique to Canada, it’s in the US too.

    I’ve always believed in supporting local artisans, farmers and crafters. I would like to support local retailers too but on Maui so many things are marked up way too much. A little is okay but in some cases it’s a lot so I think it’s just bad business. I’ve also always loved consingment and resale shopping as I do appreciate vintage items (in the 80s more bags were made in the US and have held up well) and consignment is like a huge treasure hunt for me.

    Ok, off to read some of those links! Have a good trip girl and be safe.

    Reply
    1. saverspender @ save. spend. splurge.

      @Tania: I always go to Europe and Paris in particular, so .. justification is a natural defense in me.

      Oh the U.S. definitely wastes money. I can’t believe how they spend so much on defense but can’t afford to give basic healthcare and proper education to their citizens. I know they’re out there defending those who are weak and so on (or so they say) but take care of your own first.

      I’ll definitely be safe, thank you for the kind wishes.

      Reply
  6. PK

    “Set it up so that when people pay taxes, their statements SHOW where their tax dollars actually went ” – Of course, in Western Democracies it’ll be like:

    You paid:
    $38,000
    We borrowed an additional:
    $12,400
    On your behalf.

    Here’s what we bought:

    Thanks for the double include!

    Reply
    1. saverspender @ save. spend. splurge.

      @PK: I WOULD LIKE THAT!

      Or at least show me:

      1% or ____ amount went to maintaining parks in Toronto
      1.5% or ___ amount went to ____

      SOMETHING. ANYTHING.

      Reply
  7. AdinaJ

    I’m so jealous of your vacation plans – France and Spain are two of my favourite European destinations. Have a blast, and keep us posted whenever you can 🙂

    As for the financials, I’m sure there will be people questioning your clothes spending this month (DYING for the round-up post, btw), but the reality is that even counting it, you are still so much farther ahead than a lot of us. So, hey, enjoy the fruits of your labour!

    Reply
    1. saverspender @ save. spend. splurge.

      @AdinaJ: France has quickly become one of my favourite countries to visit.

      Oh god yes.. I am sure people will be crying and screaming bloody spending murder when I post what I bought (it’s long, settle in with a cup of tea).

      I feel good about what I bought and that’s all that matters.

      Reply
  8. MelD

    Do you have no living costs in Europe (hotels, contributions etc.)? Assuming you’re staying with BF’s relatives? Just to clarify!

    Hope you enjoy your stay – they say summer is arriving now it’s July…?! (That does not explain why Switzerland, usually pretty hot in summer, is experiencing a cool, windy and more than damp summer so far, just like I’ll have in Brittany in a couple of weeks LOL…)

    Reply
    1. saverspender @ save. spend. splurge.

      @MelD: Not $0 in living costs. There will be some, about a month’s worth of living costs in hotels. The rest will be with relatives (thank goodness for that).

      I will enjoy my stay, although I hear it is REALLY cool there, so I am packing linen pants, but a warm sweater and jeans as well.

      It has been unusually chilly here as well.

      Reply
      1. MelD

        Yes, it’s been incredibly cold and wet; it’s warmed up a lot but not to “normal” levels and nobody trusts it, so it’s good to come well-prepared!

        Reply
        1. saverspender @ save. spend. splurge.

          I wore cashmere in Paris!!! In July!!

          Reply
  9. Tammy R

    Wait!!! Before you go and stop responding to comments here, I have to ask!

    Is that you wearing those red shoes up there on the top of your site? CJ and I have a bet going!

    Reply
    1. saverspender @ save. spend. splurge.

      @Tammy R: No that is not me 🙂 I took a picture of some girl walking in Paris and the shot was perfect for my blog header!

      Reply
  10. Tammy R

    Mochimac!!!! I’m crying: 1) because I will miss you and 2) because I want to be you. You go rock that bread, cheese, wine. Can’t wait to hear all about it!!!

    Reply
    1. saverspender @ save. spend. splurge.

      @Tammy R: Oh you won’t miss me at all, I’ll be blogging daily until I get back; I have posts scheduled until the end of December 2013 🙂 Never fear.

      Don’t be jealous. I am only going because I can’t find a contract!

      Reply
  11. Ree Klein

    You’re crazy, girl, but I love ya! Good luck on the vegan thing…I couldn’t look at the cheese and pass it by!

    Reply
    1. saverspender @ save. spend. splurge.

      @Ree Klein: I am actually not going vegan in Europe 🙂 You can’t, when there’s cheese and seafood staring at you in the face.

      Reply
      1. MelD

        @saverspender @ save. spend. splurge.: We took a vegetarian friend with us to France and had great difficulty even getting them to understand that concept in restaurants – ‘but, madame, it only has “lardons” (bacon cubes) in it..’.!! Anyway, it would be a crying shame to even try to be vegan in France where the cuisine relies heavily on butter, cheese, cream and wonderful meats…!

        Reply
        1. saverspender @ save. spend. splurge.

          Hahah! “Bacon, the missing vegetable group”.

          🙂 I had some really good creamy pastas so far in France but I have to say the food in general has gone down. I dare say Canada has the same quality of fruits and vegetables (for cheaper) which surprises me.

          Reply
  12. cj

    Have a freakin’ blast across the pond, Mochimac!!!! Perhaps you could squeeze 2 Jollyhoos into one of your carry-ons?

    Cannot wait to hear all about it. Tammy and I will hold down the fort for you. And that $2.92 that you found? Unreal and very funny to get a mention and that you logged it in. Great stuff!

    Reply
    1. saverspender @ save. spend. splurge.

      @cj: *LAUGH* I think your legs might stick out from the carryon, on?

      Well, $2.92 is nothing to sneeze at 🙂 I tend to find a lot of money and people have no idea how it adds up, a penny here.. a penny there..Except now that we’ve gotten rid of the penny, I am finding nickels and dimes.

      Reply
      1. cj

        @saverspender @ save. spend. splurge.: How delightful! We have “Funny Money” containers on our kitchen counter where our spare change goes, including the coins we find here and there. Last time we brought it to the credit union coin counter, it was over the $250 they allow before there is a 5% charge!!! This time it will be too, but we’ll manually stop pouring in change before $250. Can’t wait to go soon;)

        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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