In Budget Roundups

September 2014 Budget Roundup = $228,512.59 or an increase of $556.10 or 0.24%

LOOKING BACK

DECIDED TO SAVE $3000

I am not buying the laptop I wanted because I’ll make do with what I have.

I really want to conserve money.

DECIDED TO SAVE $50,000 $45,000

No seriously.

This car search was KILLING ME. I had an original budget of $2000, max, $5000 for a car. I can’t find a wreck or a beater car anywhere that doesn’t reek of dogs (I’m allergic). *sigh*

I was contemplating buying a new car at $50,000 and then said: No. I’d never drive it, I barely use a car as-is and we have a family car that we use most of the time.

In the end, I spent about $9500 for a “new” used car which is in very good condition and have about another $500 to go to buy winter tires.. in total, $10,000 for a new car.

That amount includes taxes, license plate registration, CAA coverage, insurance for the year and so on. Gas is about $80 per tank, and I should go through a tank every 2 weeks or less depending on how much I drive it.

My original budget was $5000 and I spent double that *SIGH*

We’ve been using the car a lot lately because we’re getting it set up with new brakes, it needs winter tires etc, which is screwing with my gas estimate…

INCOME = $7967.71

I worked a few days this month so I have some income (around $7000).


EXPENSES = $13,085.53

save-spend-splurge-september-2014-expenses save-spend-splurge-september-2014-expenses-pie-chart

TOP 5 CATEGORIES OF SPENDING

save-spend-splurge-september-2014-expenses-top-5-categories

SAVED: $3000 – $45,000

Didn’t buy a new laptop and I didn’t buy a brand new car. PHEW!

SPENT: $10,000 on a used car

EEP! But there was no way in hell I was taking the damn bus.

SPLURGED: $1000 (almost!) on clothes

NET WORTH: $228,512.59 or an increase of $556.10 or 0.24% 

WOW! I’m pretty psyched. At least I went up in net worth just as the markets are tanking.

save-spend-splurge-september-2014-net-worth

Yep.

save-spend-splurge-september-2014-net-worth-past-12-months-trailing

BABY BUN NET WORTH: $3113.85

I’d like to also (proudly) track his growing net worth on here.

He’s just a little over 6 months old and has about $3000 to his name.

$50 of it came from opening a children’s savings account in Tangerine (got a $50 bonus for putting $250 in there).

MY 5 FAVOURITE POSTS FROM THIS MONTH:

  1. Spending money still makes me feel rich
  2. Why don’t I just let my partner provide for me while on maternity leave?
  3. Increase the luxe factor of your wardrobe
  4. Are girls more expensive to raise than boys?
  5. Being cheap doesn’t make you superior

BEST BLOG FEATURES FROM THIS MONTH:

  • Make Money Your Way featured my side hustle of playing video games
  • Scratch Wireless put me on as one of their top 50 blog resources
  • Financially Blonde and Mark both loved my post about how if you’re cheap you aren’t the King/Queen
  • Leslie linked to my short post about how people with more than $11,000 are richer than 50% of people under the age of 35
  • Blonde and Balanced liked my post on retirement strategies for 30 year olds!
  • Michelle liked my post on filial piety.
  • PK always sends some serious link love especially if it’s in regards to children or maternity-related stuff
  • Maria over at The Money Principle liked the post on wages per hour

LOOKING FORWARD

WORK! I WANT TO WORK. WORK WORK WORK.

And not shop.

LOL


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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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24 Comments

  1. Sarah

    Cars are difficult to find – the cheaper ones are usually either safety hazards or have really high mileage and promise to break down costing a lot in repairs. Sounds like you did alright.

    You can typically phone the bank and ask for the NSF fee to be forgiven if it’s something you don’t make a habit of. I forgot to transfer money in time once recently, incurred a fee and with one phone call they erased it.

    Reply
    1. save. spend. splurge.

      I will give PC a call and see if they’ll remove that charge.

      My car hunt was pure luck!!

      Reply
  2. Anne @ Money Propeller

    Your car purchase is pac-man-ing the rest of your spending.
    Here’s to working!! You’re going to love the net worth increases over the next little bit. Mmmmm, savings.

    Reply
    1. save. spend. splurge.

      My NW increases will be killer until I go to buy that condo. Then liquid will turn into hard assets.

      Reply
  3. A
    ArianaAuburn

    Looks like you’ve made great progress as you prepared to enter the workforce. I’ve learned that the budget will always take a hit before starting a new job due to the hidden expenses (transportation, clothes, food, etc). But with your income, you will recover all of that in less than a year:)

    Reply
    1. save. spend. splurge.

      Yes I should recover it in about a month or two… Not that I REALLY need new clothes, I can do without but I dun wanna 😉

      Reply
  4. Kate @ Money Propeller

    You have a great a great income! One of my biggest expenses is my weekly groceries and yesterday I also bought some things for myself.

    Reply
    1. save. spend. splurge.

      Yeah my income is good when I work. Otherwise, bupkis.

      Reply
  5. The Asian Pear

    =O Baby Bun’s networth is growing faster than mine!

    Reply
    1. save. spend. splurge.

      LOL apparently on this trajectory he will be a millionaire at 20.

      Reply
  6. Kassandra

    You shocked me with the NSF charge lol! Did you end up going dealer or private for the car purchase?

    Reply
    1. save. spend. splurge.

      I’m an idiot. A right idiot. I could have saved $44 of that charge if I had done an email money transfer instead but it didn’t occur to me until AFTERWARDS.

      A dealer! I’m leery of private sales…

      Reply
  7. Michelle

    Baby Bun is a Rock Star!

    Reply
    1. save. spend. splurge.

      He is not bad. Regressing lately but not bad.

      Reply
  8. L
    Louise @ Good Financial Choices

    Firstly, I love the way you are already tracking Baby Bun’s net worth – I’m sure he’s going to do very well, and have a good financial education.

    Enjoy your new car – sometimes it’s worth splashing out on things that will make you happy.

    Reply
    1. save. spend. splurge.

      Yes I’m pretty proud of him!!

      I am loving my new car too, so that’s a plus

      Reply
  9. C
    Charlotte

    Awww that’s too bad about the car but YAY about being back at work! I have no doubt it’ll be great for you.
    Also, LOL to looking forward to not shopping, yeah right 😉

    Have a great weekend!

    Reply
    1. save. spend. splurge.

      LOL

      Can you imagine me NOT shopping? Could happen if I just worked like crazy and had no Internet

      Reply
  10. StackingCash

    Your tremendous income will mitigate any expenses. Most PF people always talk about how important it is to be frugal, but I feel income is paramount. It is easier to save money than make money. There needs to be more focus on the income side of personal finance than the frugality/minimalistic side.

    Reply
    1. save. spend. splurge.

      Which is where I am at. I like to spend money so obviously I have to make it or deprive myself.

      Reply
    2. L
      Louise @ Good Financial Choices

      @StackingCash:

      Completely agree increasing income should always be considered above decreasing expenses, and convential frugal-ness seems to overlook this.

      Reply
      1. save. spend. splurge.

        Yep. I am on board with this!

        Reply
  11. R
    Revanche

    Working should keep you too busy to shop MUCH for a while 🙂 So close to cracking a quarter million!

    Reply
    1. save. spend. splurge.

      Yeah I should hit that goal this year… 🙂

      Reply

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