I thought it would be curious to start posting my income and expenses, on a monthly basis, both as a point of reference for you readers and as a way for me to publicly keep my shit in line…as best I can.
Another month has come and gone. It’s almost hard to believe that I’ve been at my new job for 2 months now, but really, it’s not hard to believe. Time always passes this way. Anyway…
Other: $68.02 (This includes some cash from a gig I played, and some cash back rewards from my VISA that’s paid out every November.)
Juice for Booze: $19.24 (this is the “Cider Fund” for our delicious Frugal Home Brew!)
Fast Food/Restaurants: $87.76
Cell Phone: $45.8
Tenant Insurance: $7.48
Taxi Rides: $8
Bike Maintenance: $36.73
Public Transit: $5.50
Home Supplies and Maintenance
Kitchen/Bathroom supplies: $4.50
Music Equipment: $5.87
Questrade TFSA Deposits: $698.05
Scotiabank TFSA Deposits: $7
Leftover Savings: $0.02
There it is, the dirty numbers. It’s nowhere near as exciting at last month, but all and all it’s not so bad.
A red flag for me is the amount I spent on alcohol. It seems like quite a high number but it does involve a few nights of me purchasing drinks for more than just myself. I also have this tug of war inside of me when it comes to alcohol. I’m a believer that moments, memories and time with people you care about, and love, is far more important than the trinkets and thingy-ma-bobs many people seem to love to collect. Alcohol, whether you agree with it or not, can add a very real social, bonding aspect to nights with people you care about. So, spending a little too much for such relaxing, loving, and memorable evenings is something I’ll admit I’m torn between. I mean, I’m not talking about getting black out drunk or anything, but it can be nice to bask in the drinks’ warm glowing warming glow. Know what I mean?
I’m always a little disappointed when my investments don’t work out to be at least 50% of my take home pay. Investing is key to the financial independence game, and the only way to really get there in 10 years or less is to be contributing 60% or more into the accounts. Now, I try not to beat myself up too much – though Mrs. Bastard would disagree – but it really is the most important part of this journey. Having to work to live is not ideal. I want to live, and then work. Multiple decades of working paycheck to paycheck is such a terrifying thought to me. I won’t have it, and I honestly don’t think you should either.
How do my income/expenses compare to yours? Any tips and tricks you care to share?