In Budget Roundups, Money

November 2019: Income & Expenses Budget Roundup

THE INCOME = $26,467.44

Day Job: $23,914.80

It’s what I do. I work 40 hours a week. Extra hours = more money.

Side Income: $537.76

  • Credit card cashback rewards: $57.06
  • Poshmark sales: $259.86
  • PayTM rewards (see below for info): $10
  • Books: $8.69
  • Bank Interest: $202.15

A much lower amount than last month for sure!

But that’s okay, I knew last month was a one-off.

Dividends: $924.69

This is my mini dividend project details and my dividend short list of stocks I was looking at to buy for Canada and the U.S.

I want to set a goal of $12K a year in dividend income by the next 5 years.

WHAAAT? Who dis?

Since my goal was $1000 a month, I am very happy about this.

I am pretty happy. I plowed a good chunk of money into dividend stocks sometime in the past few months and the uptick in dividend payout is looking mighty fine indeed.


I plan on taking a break on this dividend part, and throwing about another $15K next month into mutual funds, so that I keep my portfolio balanced.

My breakdown is roughly half dividends, half mutual funds. I don’t want to go TOO far down the dividend garden path because I also have a strategy for overall long-term portfolio growth.

Blog: $1098.88

Advertising: $538.01

Affiliate: $490.52

Products: $70.35

This amount also went down about $1500, I had a crazy month last month and I didn’t expect to repeat it.

What do I use to manage my blogging / social media?

I am only active on 3 main platforms because I cannot handle more than that alone:

The ONLY thing I pay for in terms of social media management, aside from webhosting fees etc, is $15 a month for Tailwind Plus – a social media manager.

This service has saved my life for social media management.

Without it, I couldn’t do my day job, my personal life, my blogging life AND social media life / postings.

If you use my referral link, you can try out one month of Tailwind Plus for free.

Save. Spend. Splurge. Products sold, include:

https://www.savespendsplurge.com/products

INCOME GOALS FOR THE NEXT MONTH

To continue and keep it at $900K because I AM SO CLOSE TO ONE MILLION!!!!!

SO CLOSE.

But I also have taxes coming up (personal and business) for year-end, so this will be a push.

I don’t know if I’ll make it even by mid-2020 to be a millionaire. I usually pay hefty taxes, have to take out money for charitable donations, etc.

NOTES ON WHAT I USE

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 (You get $50 once you deposit $250; and I get $50 too)

…credit card extra rewards cashback savings here:

  • PayTM Canada is also how I pay my municipal taxes, utility bills and so on with my debit account which I would do anyway, but through PayTM it lets me 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:

…and I list my things for sale here:

THE EXPENSES = $4345.73

Why the hell are my expenses always so high.

This is a rhetorical question because… I thought $3000 was a GENEROUS budget for me monthly, but apparently $4500 is what I actually like to spend.

That said, I did have a lot of events and special people coming to visit. I won’t ever say no to going out to eat with good friends or spending great time with them.

I also did shop a little, obviously. A NEW dress and NEW shoes. SHOCKING.

And new cotton bikini seamless underwear (these ones to be specific).

NOTES ON CREDIT CARDS

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

  • Rakuten – I 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.rakuten.ca/referrer?referrerid=RUKLesGAZDc%3D ] for a free $10 to get started.
  • PayTM Canada is also how I pay my municipal taxes, utility bills and so on with my debit account which I would do anyway, but through PayTM it lets me 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.

Where my Fun Money Went

My fun budget this month was $225, but I only spent $153.43 of it because I already had another fun budget of $1000 for my friend coming up. I didn’t use that full budget either, I only spent $489.60.

Fun Budget Breakdown: $153.43 spent out of $225

  • Eating Out: $83.87
  • Spinning Tops: $36.79
  • Jewellery: $29.45
  • Parking: $3.32

Visiting Friend Budget Breakdown: $489.60 spent out of $1000

  • Eating out: $458.32
  • Parking: $31.28

I did pretty well! Not so bad, right? I didn’t need to use my fun budget and was very careful to not waste it either, knowing I was already almost at $500 for eating out, and another $500-ish for clothing, accessories and so on.

Monthly Expenses

Favourite: $36.79


I saw and bought the most amazing spinning top toys – Playable ART Spinning Tree Tops. It’s really for me, not Little Bun. They are spinning wooden toys that are made in Germany, and I got the pine tree that can spin on its trunk OR on the tip of its tree.

Unexpected: $25,000

Sooo… I had to pay $25K in business sales taxes, prepaid taxes, etc. I forgot all about it until I saw the notification on my calendar, and whoosh, there it went.

Still, I managed to go up in my net worth, so this isn’t so bad.

Hated: $4.25

Parking. I hate paying for parking, but I did it, and I loathe it.

Joyful: $301.41

I absolutely had to have this MM Lafleur Dina dress. I couldn’t wait for it to POSSIBLY show up on the resale market, in my size of all things. I remember waiting years for the Catherine dress from MM Lafleur to show up, and just by luck I found it in a size 4 navy secondhand, but … DAMN.

This dress is incredible. I usually hate high necklines, but this one looks perfect with a tied necktie. AND IT HAS POCKETS!!!

https://shopstyle.it/l/ba64j

 

Expensive: $425.58

Nothing really to see here, I bought 15 pairs of Commando cotton bikini panties to replace my old ones. Actually I will keep the old ones but only to wear at home until they are really ruined with holes, etc.

The nice ones for going out. I only buy this particular brand of underwear because I prefer cotton, I want it seamless, in the colour nude so that I can wear it under anything including white pants or skirts, and comfortable (they are bikinis, not thongs or whatever else that rides up your bum!)

Cheapest: $1.75

I bought a thrifted necklace for $1.75. I saw it in a thrift store and I had to have it.


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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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