September 2017: Financial Update

Another wedding, rent increase, and a dividend income record.

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Giving blood was a great date idea!

September is historically a busy month and this year was no different: summer mode ends, work gets busier, and you try and cram as many outdoor activities as possible before the weather gets cold. Rent also went up 1.5% annually, as it does after 12 months of living in the same spot. That resulted in expenses totalling $2275.69, inclusive of a wedding for some close friends where I gave $200.

My savings rate this month dropped to 55.4%, even with reduced CPP and EI deductions from my paycheck – but at that savings rate, I’m not going to complain too much.

Spending

Car Insurance $162.66
Car Parking $81.20
Cash $20.00
Coffee $20.48
Dating $61.04
Education $163.85
Entertainment $96.94
Fitness $65.54
Food $327.80
Gas $56.41
Gifts $208.46
Grooming $24.97
Internet $22.01
Laundry $7.25
Phone $45.20
Rent $862.75
Supplies $29.13
Transit $20.00

Non-Overhead Expenses

Coffee ($20.49) – Alright – for months in a row now I’ve been complaining on spending too much on coffee. Time to actually commit to using my French press more often at work.

Dating ($61.04) – Two dinners out on the town. Much of our time was spent at a friend’s cottage or having simple final BBQs at home. We spent a lot of time doing free things, like park trails, giving blood, and running errands together. We also saw a show at The Second City Toronto, which was free because I’m a student there.

Education ($163.85) – Second City Level C Improv classes. I’m loving it and it’s a better way to engage my brain and body versus video games.

Entertainment ($96.94) – A little higher than usual, but mostly because I hosted 3 BBQs for friends and provided the food and bought myself more beer than usual. Pretty amazing that I can feed about 15 people for that little (hint: I provided the burger kits, my friends provided the veggies).

Fitness ($65.54) – 4 visits this month. Not good. I also lost my squash matches due to lack of practice. Go figure.

Food ($327.80) – My food planning was interrupted due to many leftovers and a 2.5 day conference, which resulted in some eating out. I know – excuses, excuses! As long as it’s in line with what I spend per month typically I’m not complaining.

Gas ($56.41) – Split gas for a drive up to Hunstville for a cottage weekend getaway. Carpooling saves money!

Grooming ($24.97) – Haircut. Such is life when you need to look professional.

Supplies ($29.13) – Bulk toiletries at Costco. Floss and toothpaste = dental hygiene!

Investment Income (+$275.65)

Inclusive of savings accounts, realized gains and dividend income, I netted $275.65 passively, which is a new record. Credit to a lot of dividend payouts happening in this specific month. That brings my total passive investment income for the year to $1962.26.

Net Worth Update (+$4481.66)

Pretty sizeable jump in my net worth, large in part to some strong performances in my portfolio. The S&P 500 and my international index funds have been rocketing higher, TSX Cineplex has had a mini-recovery, and my favourite stock, TSX Dollarama absolutely killed it last quarter. This all brings my total net worth to $130,574.86.

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Author: stretchingeverydollar

Millennial trying to retire by 40. Because why not?

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