In Budget Roundups, Money

October 2015 Budget Roundup = $514,827.39 or an increase of +$33,213.18 or +6.9%

LOOKING BACK

WORKING OVERTIME

No longer 9-5 I am afraid.

I have been doing some serious over time this month.

Like, SERIOUS. And it is not going to let up until the end of the year. It might even increase.

A lot of panicking happening where I am, and this is why I am such a fan of being organized.

I hate disorganization but the bright side of it all is all the overtime I get to do as a result of their processes and entire way of thinking being completely inefficient.

Um…. yay? *sigh*

Only 2 more months to make it count for my net worth.

SHOPPING WENT INTO OVERTIME TOO…

I have been eying beautiful coats, and dreaming about wearing them.

You can see what has been on my mind lately here with my Current Wish List.

*digs toe into the ground*


Never let a shopaholic near the internet.

Let’s just say that, shall we?

I feel like the more I work, the more I shop.

Is that even possible? *sighs*

I must be a stress shopper. And eater.

INCOME = $46,277.06

Yep. I worked like crazy.

I will not be stopping either, so I think my income will be fairly insane (even for me) for the next few months.

EXPENSES = $4591.75

I spent a lot.. but if I return the coat it would really go down.

I’ve also been working a lot more which means more stress shopping obviously.

Rent also went up a bit because I have been prepaying my parking for the year as well in one shot, so it looks ugly there too.

save-spend-splurge-budget-october-2015-expenses

save-spend-splurge-budget-october-2015-expenses-pie-chart

TOP 5 CATEGORIES OF SPENDING

save-spend-splurge-budget-october-2015-top-5-expenses

WHEE!

DIVIDENDS

save-spend-splurge-dividends-2015-september-chart-year-to-date

September was a decent month for dividends. $525.28, which I reinvested back into buying more stock with the DRIP (Dividend Reinvestment Plan). Read more about investing in dividend paying stocks.

NET WORTH: $514,827.39 or an increase of +$33,213.18 or +6.9%

HIT HALF A MILLION!

save-spend-splurge-budget-october-2015-net-worth

I feel strangely … anti-climatic. I knew it was coming so it didn’t really surprise me.

I think maybe once I hit a million it will be more exciting? I dunno. 🙂 Whatever it is, $500,000 is a nice goal to reach.

The last 12 months look like this.. a nice sloping trajectory that is going up higher and higher to INFINITY AND BEYOND!!!!

save-spend-splurge-budget-october-2015-net-worth-past-12-months

BABY BUN NET WORTH: $10,680.56 +$525.23 or +4.92%

Baby Bun has been killing it too. What a cute little saver he is.

save-spend-splurge-budget-october-2015-net-worth-past-12-months-baby-bun

LOOKING FORWARD

To working more and really making the most of this year I guess.

I’m looking to really increase my net worth and even though taxes will take a bite out of this, I’d like to end up at $500,000 even after taxes & everything has been said and done.

Doable?… Maybe not. We’ll see.

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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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22 Comments

  1. LAL

    Congratulations! Where is the childcare costs? What happens to baby bun when you work so much? Does daycare stay open that late? When are you done with the contract? How many hours did you have to work to earn that? Wowsa.

    Reply
    1. save. spend. splurge.

      Childcare costs are $39 a day now. Baby Bun stays at the daycare and seems to enjoy it but when we’re at home, he sits on my lap and “helps” me. Daycares stay open until 6 p.m. I am done the contract at the end of this year!

      I had to work double my hours.

      Reply
  2. Dawn

    That’s pretty amazing. I need to up my charity game!

    Reply
    1. save. spend. splurge.

      Give what you can and only if you can afford it.

      I don’t advocate anyone going into debt for charity. Help yourself first so that you can help others without getting into trouble.

      Have an emergency fund, have your retirements funded, your children’s education funds on their way, and then you can be sure to weather any storm AND help other as you increase your wealth.

      Reply
  3. Julie

    where/how do you invest babybun’s money? I need to open an resp for my little one very soon and still deciding how to invest it.

    Reply
    1. save. spend. splurge.

      Index funds! I do 25% canada, 25% U.S. 30% international (except Asia) and 20% bonds.

      I have a whole series on index funds if you are interested. I also have some notes on where to invest it if you want to know whether to go with TD Mutual Funds (e-series, naturally) or Questrade for ETF index funds & the comparison between the two options of index fund buying.

      You can also buy individual stocks for the dividends, or invest in industry index funds (energy, banking, oil & gas) rather than in general but if you want a steady but relatively safe growth for the next 18 years, country index fund purchasing is better than industry.

      Reply
  4. Dawn

    Wow! Congrats on the 500k mark. Your blog is an inspiration to me and has helped me think differently about saving (and spending). I was wondering what your thoughts were on giving to charity?

    Reply
    1. save. spend. splurge.

      I donate 10% of my income every year at the end of the year. Usually accounts for the net worth drop in the following month of January.

      Reply
  5. Maria F Pisani

    I’m very impressed with the income you can get, that’s brilliant! could I ask you, you earned $46,277.06, + 525.28 dividends, only spent $4591.75, I think your networth is even better, up by nearly 42KUSD:)

    Reply
    1. save. spend. splurge.

      Thank you.

      But my investments went down 🙂 It’s why it isn’t amazing or up higher.

      I take the market value of everything, and not all of it is cash…

      Reply
  6. Financial Underdog

    Great job! Very cool jump.

    Your income is insane, too!

    Reply
  7. Ramona

    Wow, I get dizzy looking at those numbers (income especially).

    Terrific job. 🙂

    Reply
  8. Cassie

    Wow, that’s a total *mike drop* month end report! Congratulations on reaching half a million! I have a ways to go before I hit it, but I’m confident I’ll hit it in my 30’s. Way to set the bar 🙂

    I know you’re working mega hours right now, but I hope the stress level goes down a little for you.

    Reply
    1. save. spend. splurge.

      The stress level increased but I realized I can only do so much. I can’t stop them from touching the hot stove, you know?

      That said, I’m pleased about the half a million benchmark.

      Reply
  9. Erika

    I don’t really know if it is a wise thing to do or not, but I like to buy myself something special when I reach a networth milestone. Nothing too crazy, just something that has been on my splurge wish list for many years. When I reached $100,000 I bought myself my first and only pair of Louboutins. This year I’m almost at $150,000 in retirement and $200,000 networth. I’m not sure what my splurge will be yet.

    Reply
    1. save. spend. splurge.

      Are Loubous comfortable? I tried them on and found Manolos more comfy.. at least for work 🙂

      It’s a good idea. But I shop a lot LOL.. I buy myself a lot of things all the time *sigh*

      Reply
  10. Leigh

    Yay for hitting half a million!!! I hit that marker back in October of last year and I’m still not at $600,000 yet. Darn stock market! I’m finally getting close and should probably get there by the end of the year. Net worth milestones have almost always felt anti-climactic to me.

    Reply
    1. save. spend. splurge.

      YAY! Congrats on hitting your milestone last year of $500K! That is always a bit of a “wow great” for me, but then I’m back to the grind.

      Reply
  11. Sylvia @ Miss PF

    Wow! Great job! Keep up the great work! 🙂

    Reply

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