March 2012 Budget Roundup = -($19,940.96) or 9.61%
This has been a seriously expensive month. I’m practically having a heart attack in the corner reviewing the numbers.
Everything happened in March:
- Moving expenses (including hotel and car rental) kicked in
- Taxes to be paid for my 2011 year
- Getting settled in a new place
= ONE BIG FAT CHUNK of my money out of my bank account.
The good news is that I’m here in the meantime:
Not sure for how much longer, but I am loving this city.
INCOME = $7386.35
- Not my true pay, I came in between pay periods, so it’s higher than it should be
- In total, I should expect about $10,000 a month (2 checks) <– check out that American spelling!
EXPENSES = $18, 752.58
I create those spreadsheet using my own budgeting tool
Government = obviously that was my biggest expense this month at around $9500.
Happily, I did not pay my estimated $20,000 in taxes because of my charitable contributions and my maxed out RRSPs. I am also including in the Federal tax, Social Security and Medicare deductions in here.
Rent = This is the cost of hotels. I guess I should write the category as “Lodging” or “Shelter”, but … technically, I am ‘renting’, so this stays as-is.
Wardrobe = I gots nothing here. I spent almost $2000 and.. well. Can I just say in my slight defense that I bought a lot on my Wardrobe Wants list, and I replaced my dying ballet flats?
Travel = This is really my ‘Moving Expenses’ category. It was a LOT of dough to check in my suitcases (you have to pay for each suitcase and then if they’re ‘overweight’ or more than 50 lbs).
Transportation = Car rentals. I don’t have a car yet, and I may not buy one. We’ll see.
Cellphone = I also got an iPhone 4 because it was $100 cheaper than the very latest model (4S?).
I was hemming and hawing over a pay-as-you-go plan that (I thought) would be cheaper, but it turns out that American pay-as-you-go or prepaid plans are JUST as expensive.
They’re about $40 – $50, up to $120 if you use the phone every day for a month… and it doesn’t come with anything like a data plan and so on. They CHARGE YOU for each day you ‘access’ the phone, or use it to make a call.
So the iPhone cost me $100 with a 2-year plan (Verizon), and I will be shelling out $70 a month for it.
TOP 5 SPENDING CATEGORIES
NET WORTH FOR MARCH 2012
WHERE MY MONEY IS GOING
Other than in clothes and taxes? 😛
- I pay for things in CAD with my CAD credit card, and get reimbursed in USD
- ….which means I shift my money over from CAD > USD slowly
- Investments — I took out a big chunk of my EF and threw it into investments before I left
All I can say is: thank heavens I have my budget and it’s helping me stay organized, even if it was a pricey month.
The problem with being in a new country, is trying to deal with two currencies at once, and bank accounts all over the place.
If I didn’t keep track of everything that has been happening to my bank accounts and wallets this month, I’d be utterly, pathetically LOST.
I’ve started setting up personal columns to note between the CAD/USD exchange, and it’s been helping, somewhat.
I DESPERATELY NEED A U.S. CREDIT CARD!