In Budget Roundups, Money

September 2015 Budget Roundup = $481,614.21 or an increase of $24,240.80 or +5.30%

LOOKING BACK

It’s been a tough few months; rewarding, but tough. You can read my brain dump here.

Work has also become increasingly stressful. The hours are picking up (yay? overtime? …) and it will more than likely continue like this until next year.. June, perhaps?

As I said in my brain dump, there’s a good chance I’ll stay here for a long time.

If I don’t, I’ll be happy to have a break. If I do, I will be happy to make more money.

Win-win.

I’m at the point where it is comfortable living, but once I buy that place to live (sometime next year in the summer, I wager), I will be taking a HUGE $300,000 hit to my net worth.

More on that under the net worth section below.

INCOME = $22,789

All from my day job, working 9-to-5.. *sings*

EXPENSES = $4201.38

At least it didn’t reach $5000. Could have been $3200 but then I shopped .. naturally.

save-spend-splurge-2015-september-budget-expenses


Notes:

…and those Parking Fees also got me because of this #@%&#@(* nonsense:

You need a PhD in figuring out where you can park in #montreal sometimes.. ? #yul

A photo posted by Sherry @ Save. Spend. Splurge. (@saverspender) on

I heard on the radio the other day, the host ranting about these stupid signs. It went along the lines of: You can park here, but only on Tuesdays before 11 a.m. between the months of April to October without the holidays because those are on a special schedule, but only if you have a permit because you need to only be beyond this pole ….but if you are past this pole then it is OK but only if you don’t have a permit because permit parkers need to be near the pole if it is Tuesdays and Thursdays between the months of February and August….. You get the drift. Frustration abound. save-spend-splurge-2015-september-budget-expenses-pie-chart Speeennnndddiiinggggg! And not all of it on myself. I bought gifts for my mom & my partner.

TOP 5 CATEGORIES OF SPENDING

save-spend-splurge-2015-september-budget-expenses-top-5-spending-categories Food is $800 worth because I have been eating like crazy. I am going to have to cut back or find cheaper eats. I’m thinking a lot more Vietnamese pho because it’s only $10 for a VERY filling lunch.

 

NET WORTH: $481,614.21 or an increase of $24,240.80 or +5.30%

Note: This is all my own money.

My partner has his own savings and investments which I do not dabble in because we are both control freaks and he is as alpha as I am but I am definitely more into investing & saving than he is.

He’s more into the old-school way of being super frugal.. we sorta balance each other out.

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

The past 12 months have looked like this:

I’ve increased my net worth by $225,969.86 in the past year.

Almost a quarter of a million!!

Woo hoo! I am just liking this trajectory.

save-spend-splurge-2015-september-net-worth-past-12-months

WHY ARE YOU SAYING YOU WILL NEED TO STOCKPILE CASH

Sooo about that condo purchase.

If I am out $300,000 net, that means I have about $181,000 left as a net worth because I am paying for the house in cash.

YES I KNOW interest rates are low but debt is debt, even at 2% interest.

I may get a line of credit just to have a line of credit just in case my house needs… an infusion of ready cash.

I will do it like Tim & remove it from my regular net worth calculations and just put a note on the physical asset cost itself (my half of the place which would be $250,000 I suppose) and consider it fixed.

I’m not going to calculate & recalculate the cost of my home each month / year because that’s a done deal. I will then just track my investments as part of my on-going net worth as I will be mortgage & debt-free.

DIVIDENDS REVIEW:

My dividends are about $4200 so far this year.

I just kind of buy stocks and let them pay me whatever.

save-spend-splurge-2015-september-budget-dividends

LOOKING FORWARD

October is the best month EVER. I’m talking hot drinks in the morning, warm sweaters, knee-high boots and fabulous coats.

*shivers with shopaholic delight*

It’s also a terrible month for shopping temptation.

I am already eying the following:

*sigh* 🙂

In the meantime, you can catch up on what I am wearing on Instagram & my favourite outfits so far.

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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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20 Comments

  1. Marie

    You are so great!! If I were you I would check out Mr Money Mustache. He talks about investing in index funds and how they return on average over 7% a year (long term trajectory). Thanks for such a great site!

    Reply
  2. LAL

    Awesome job! How come daycare is so cheap? $400 is half right so $900 for the month? Do you get paid for overtime as a consultant? And when does it expire the contract?

    Reply
    1. save. spend. splurge.

      1. Daycare is actually even cheaper. Yes it is $900 for the month & we also get reimbursed by the government on an income scale. So if you made $30,000 as a household income for instance, you get back 75% of that $900.

      2. I do get paid overtime, I don’t work for free.

      3. Contract is done at the end of the year. 🙁

      Reply
      1. LAL

        That price of daycare makes it palatable to work.

        Reply
        1. save. spend. splurge.

          Very, even without my kind of income.

          Reply
  3. Fig @ Figuring Money Out

    Great work! I can’t believe how much you’ve increased your net worth in a year – that is so awesome! I’ve always found your work and net worth very admirable. Paying for a house in cash is another cool move!

    Reply
    1. save. spend. splurge.

      Thanks 🙂 I am just adverse to debt. I know it makes no sense with such low interest rates but I can’t stomach paying for something I don’t need to.

      Reply
  4. Leigh

    That’s going to be awesome to buy your condo in cash! I update the value of mine in my net worth every other year. I still have a mortgage (though it is getting very close to my base salary now!) and when it’s gone, I’ll probably just track my net worth without the condo.

    Nice job on increasing your net worth this year!

    Reply
    1. save. spend. splurge.

      @Leigh: I’ll just put my house in cash as part of my net worth but I don’t want to bother tracking the amount each month.. just a fixed $ is fine by me.

      I’ll have it in my net worth, just not tracked on a regular basis — like you!

      🙂

      Thanks

      Reply
  5. Clarisse @ Make Money Your Way

    Congrats, you really made a good money for month of September! That Vietnamese pho is looks very delicious.

    Reply
    1. save. spend. splurge.

      Thank you.

      Yes it is.. It really hit the spot too

      Reply
  6. StackingCash

    Still working on my jealousy issues but holy dang income! I don’t understand how some people refuse to include real estate in their net worth, even though we all know it’s just an estimate. I would say the same about stocks. Especially since it is such a huge chunk of most people’s net worth. I must keep it in mine because I’m about to dump 90% into a house next year or otherwise I would not. At least I know I’m not the only one as debt adverse as you. Here’s to no closing costs!

    Reply
    1. save. spend. splurge.

      Well when I don’t work, my income is $0.. so no need to be jealous there 😉

      *clinks a glass with you*.. to no closing costs 🙂

      We’re just looking right now but we’re seriously considering what we are paying & all the options. We may even end up renting for the next 5 years until we find something worthwhile. We DO NOT want to rush into buying such a big asset.

      Reply
  7. Ramona

    oooh, paying in cash for a home is sooooo cool 😉

    Clearly not easy to do, but it will keep debt away from you, which is really a great thing. I see you’ve done tremendously well, it’s refreshing to see such big numbers, which are also increasing every time there’s a new report.

    Keep up the great work, you’re clearly doing great. Except for the parking tickets, of course

    Reply
    1. save. spend. splurge.

      Haha thank you

      Yes.. the parking tickets are not stellar but I can’t decipher these stupid signs sometimes.

      Reply
  8. Heather H

    Have you ever explained what you do for income, or is that a blog secret?

    Reply
    1. save. spend. splurge.

      I am a consultant 🙂 That’s all I can say….

      Reply
  9. Liquid

    Wow, so much income in just one month. Nicely done. No wonder you’re almost a quarter million dollars richer compared to a year ago. Keep it up! 🙂 At this rate you’ll have no problem buying your dream condo.

    Reply
    1. save. spend. splurge.

      Well even if I have lots of money to buy it I DO NOT want to spend it all if I can avoid doing so. We’ll see.

      Reply

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