In Budget Roundups, Money

March 2019: Income & Expenses Budget Roundup

THE INCOME = $27,472.23

Day Job: $24,144.75

Day job .. is my day job. It’s what I earn each month, working 40 hours a week. Nothing to see here. Boring.

Anyway.

Blog: $1663.74

Advertising: $557.49

Affiliate: $843.53

Products: $262.73

Save. Spend. Splurge. Products sold, include:

https://www.savespendsplurge.com/products

INCOME GOALS FOR THE NEXT MONTH

Blog Income was INSANE

I do not know what happened. I just.. had an uptick in blog income and I am so incredibly surprised.

That said, this sort of happens every 3 months or so because there are some networks that only pay out an amount to me once I hit a threshold minimum, so I guess this is what happened this month — every one paid out the minimum I hit in the same month.

I’m pretty pleased. I am using the money to bank it against hosting this blog. I need to start paying more money because it is starting to be slow and I need much more storage.

Income for the year is somewhat secure

My summer is ‘set’. Who knows if I will work the entire year. They don’t seem to have any foresight and I don’t actually care if I do get extended or not, I’m okay if there is a break.

My goal is still $1M in my net worth at the end of the year, but this means I need FULL income and only have spending room of about $20,000 for the rest of the year (*SNORT* YEAH RIGHT), assuming no growth in the stock market, nor drops.

THE EXPENSES = $6032.62


If you’re interested, I use the following credit cards:

  • 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.

My top 5 expenses

All of my expenses in a chart

Spending Notes

Sort of as expected. I mean, I had to prepay taxes for this year, and I prepaid my vacation plane and hotel for my trip coming up.

I did not plan on spending over $500 in clothing, and I still have a choice to return something to get it under, but.. do I really want to?

Not really.

At any rate, my spending is not so terrible so far. Still under control. Ish. Just have to stop going to the Artizia site to “browse”.

*smacks her own hand*

So yes.

I am going to NYC, and I will also be hanging out in another city for a few months, so that is not going to be cheap either.

I was hoping to save a LOT this year, but I think I’ll just let it go and ease up on myself. Not that I will be spending like a mofo, but to not be so hard on myself.

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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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11 Comments

  1. Amy

    Hi! Very nice job with the blog income. I’m so impressed at how little you spend on things like utilities and other items that I seem to have fixed in my budget. I will dig mine out and review. Your taxes seem beautifully low! Thanks for sharing 🙂

    Reply
    1. Sherry of Save. Spend. Splurge.

      Thank you. For utilities we live in an apartment and are careful with our usage. We turn off everything, we lower the heat in winter, and use a/c very sparingly in the summer.
      As for taxes, they are low because I can determine what my salary is and that helps. I take only what I need.

      Reply
      1. Amy

        Oh! It took me a few minutes to understand. You are a corporation, and you pay yourself a salary based on what you need. Is that what you mean?

        I feel weird being so nosy! Its helpful to see another perspective. I am a salaried employee, with taxes taken out monthly. I have real estate investments (apart from my primary dwelling), and a good pension. Our situations are so different, but I love to learn from others!!

        Reply
        1. Sherry of Save. Spend. Splurge.

          Yes. I pay myself a salary or in dividends, so I control what I take out depending on what I need.

          It is not weird being nosy — money should not be taboo! 🙂

          Reply
          1. Amy

            Thanks! So, does the corporation ever get taxed? I have just started some of my own consulting and am curious if I should incorporate.

          2. Sherry of Save. Spend. Splurge.

            I pay two taxes – corporate and personal. So.. yes it does get taxed. It depends on where you live, how much you get taxed.

            If you don’t make over $30,000 a year, even $60,000 a year, it is not worth the hassle and headache of incorporation.

          3. Sherry of Save. Spend. Splurge.

            I mean $30K – $60K from just consulting income alone.

          4. Amy

            I see! I doubt I will make that, alongside my regular job! Thanks for taking the time to answer.

          5. Sherry of Save. Spend. Splurge.

            You’re welcome! Generally speaking, stay as a sole proprietor. Much easier to handle tax-wise.

  2. Sense

    Whoa! What’s up with the $5K spending on the household equipment (assuming you are only paying for half)? That seems like…a lot. Do you mind sharing what products you guys are getting (and a review of them)?!

    Reply
    1. Sherry of Save. Spend. Splurge.

      Honestly, he has gone insane these past few months. We have been stocking up on linens for the rest of our lives, etc. It is .. bananas.

      Yes I should make a list.. right now his obsession is with the brand Fissler for pots. They are VERY good and cheaper than All-Clad.

      Reply

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