In Budget Roundups, Money

May 2019: Income & Expenses Budget Roundup

THE INCOME = $25,443.28

Day Job: $23,270.94

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: $1086.17

Advertising: $182.68

Affiliate: $733.49

Products: $170

Save. Spend. Splurge. Products sold, include:

https://www.savespendsplurge.com/products

INCOME GOALS FOR THE NEXT MONTH:

To try and keep it cool and not spend more than $3000

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 = $4158.27

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

  • 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.

My top 5 expenses


What the pie chart looks like

Reflections: In Preserve Wealth Mode

May was my NYC trip. I really just gave myself permission to shop, smartly, within reason, and that’s how I ended up ONLY spending $720 on clothing.

Yes. ONLY.

There was so much more I wanted, but I held back, tried to be prudent / smart about my money and spending it on what I REALLY wanted.

Ended up with this outfit:

But later months? I am going to be thrifting, buying secondhand for cheap and trying to be frugal AF.

Mainly because.. POSHMARK CANADA HAS LAUNCHED

Hate being a broken record about this but I am seriously finding amazing deals on there, like a leather pencil skirt for $20 (originally retailed for $450)..

You can use code

SHERRYISH

..to get a free $10 to use towards shopping. Once you buy something, I get $10 too. <3

Anyway. That’s where I am at now. Preserve Wealth Mode.


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Sherry of Save. Spend. Splurge.

I got out of $60,000 of debt in 18 months using TheBudgetingTool.com. Since then, 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 (savings rate = 85%). I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I also post daily on Instagram @saverspender.

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5 Comments

  1. n
    neurosciency

    i am also in preserving wealth mode! my goal is to pay down $2k of debt in the next six months. too bad i love to shop. ahhh!!! i guess i have to start thrifting again, LOL.

    Reply
  2. M
    Mia

    Are all your money posts in Canadian dollars?

    Reply
  3. P
    PLambchop

    I can’t believe you spent less than $750 in New York. That IS restrained. New York shopping is my kryptonite.

    Reply
    1. Sherry of Save. Spend. Splurge.

      Iā€™m just as surprised as you are. That said, I came back and immediately returned a bunch of things to offset the trip šŸ™‚

      Reply

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