In Budget Roundups

September 2012 Budget Roundup = -($4371.01) or -2.07%

LOOKING BACK

How amazing would this be? It’s a piece of art by Benoit Vieubled entitled: “Monde à l’endroit, Monde à l’envers”, which translates to “World inside out” in English.

INCOME = $0

  • Expect to see that $0 last for the next few months or so while I get things settled
  • Hello belt-tightening for daily expenses!

EXPENSES = $4795.71

  • About 55% of my budget went to fees this month
  • Decided to cancel my expensive smartphone even though it would cost $300, but I saved $2100
  • Boo hiss to the $3670 BANK FEE I had to pay — Turned out to be around $863, and I learned an expensive currency exchange lesson
  • Also, I am gearing up for a month in HONG KONG because I foresee less fun and more work
  • With these amounts, I am spending about $1650 a month, but I should be able to drop that

TOP 5 EXPENSES

I feel like this is the first time I’ve had ‘normal’ expenses that are proper budget items rather than “Wardrobe”, “Jewellery” and so on. 🙂

NET WORTH = $207,034.86 or a decrease of $4371.01 or -2.07%

NET WORTH FOR THE MOST RECENT 12 MONTHS

(Updated the chart, May 2012 was some wonky number)

A slow decline isn’t so bad. I am going to try my darndest to stay above $200,000 until the end of 2012. Should be pretty easy if I lower my current $1600 spend to about $1000 or less. Should be doable.

Just have to eat less macarons. I’ve also pre-paid my Hong Kong trip, so I don’t have any outstanding debts there.

LOOKING FORWARD

I have a budget coming up for until the end of 2012 when I should have everything set up and ready to go for a heavy duty 2013.

For the short-term, I just need to really crack down on daily expenses. You know, I find that in times of NO INCOME, I tend to spend a lot less on buying junk.


I’m a lot pickier, a lot cheaper and always thinking of my net worth slowly draining away with each purchase.

With me, it’s feast or famine, it seems. Maybe I could just pretend I don’t make any money at all and I’d be a millionaire in no time. Of course, I could just NOT travel and stay at home while I settle back into Canada and basically shift my whole life, but as I can afford it, I’m going.

Onto other, shinier things this is a lovely story about Grandma Lou even if it’s heartbreakingly sad. In China, she has saved helpless, defenseless babies (mostly girls, of course) left to die in dumpsters China. grandma-lou-xiaoying-babies-saving-china-lives

“She and her husband later on adopted three other abandoned girls as their daughters. Additional babies that they found were given to other families to care for. “I realized if we had strength enough to collect garbage, how could we not recycle something as important as human lives,” Lou says.”

I’m flogging a dead horse here, but this worldwide bias where girls are not as valued as boys, is total, utter CRAP. I could go on a long rant about that right now but I’ll just hold it in for a later post.

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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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2 Comments

  1. Mochi & Macarons

    I sold 2 jars of my YUBE cream stash for the price I paid. No real earnings or loss, I already bought those jars last month but recorded the sale in this month,

    Reply
  2. Mochi & Macarons

    $84 for private health insurance in Canada is for the month. 🙂 I took it for all of October.

    BF who is older, had to pay $106.

    That’s the cheapest of the range, but it can go up to about $150/month, maximum.

    $400 is just.. outrageous. Even when I worked for a company here, to get FULL health insurance with vision and dental, I paid about $150 a month for the maximum coverage. It wasn’t out of control.

    That said, I don’t need to buy private health insurance once I’m covered under my provincial health plan called OHIP in November. There was a 3-month grace period after you move back before you can be re-covered again under the provincial plan, hence why I took private insurance for the month.
    Basic health coverage (as I’ve used it), is free doctor’s checkups and visits, and subsidized drug care. I pay about $200/year for pills that someone in the US would pay $1000/year for.

    I also don’t have to pay for anything for basic health coverage as my taxes already cover it….. although I still have to pay for vision and dental care, it’s not outrageous, and I had to pay it on my own anyway as a freelancer in Canada.

    About $100 for an eye exam, $120 for a dental cleaning.

    I definitely got a big sticker shock when I saw how much the US is charging for medical services, taking into consideration that they are also known to have half the quality provided in other countries that offer universal healthcare like Canada.

    I’m with you! I’ll retire here, but more than likely I’ll be retiring in Europe. France probably.

    Reply

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