February 2018 Financial Update

Net worth February

I’m going to frank with this post: I spent a lot of money this month. $2,614.23 to be exact, largely due to clothing, dining, entertainment, and delayed birthday gifts. I’m not proud of it, but I can run the excuse that I did get some new office attire at least.


Car Insurance $162.66
Car Parking $81.20
Cash $55.80
Charity $50.00
Clothing $192.63
Coffee $11.01
Dating $141.65
Education $163.85
Entertainment $98.17
Fitness $37.67
Food $280.52
Gas $21.06
Gifts $163.37
Grooming $25.99
Internet $22.01
Laundry $8.35
Phone $45.20
Rent $862.75
Supplies $70.34
Transit/Tolls $120.00

Non-Overhead Expenses

Charity ($50.00) – A friend is climing Mount Kilimanjaro for charity and I felt inclined to donate. One of those situations where I’d be weighed down immense guilt for not supporting him and the healthcare system.

Clothing ($192.63) – Holy cow! Close to $200 in clothing! I take the full blame for having this massive one-time hit here – all my dress shirts that I’ve worn and meticulously cared for over the past 3 years have begun to fray at the cuffs. So replacements costs are what’s happening here. What’s even sadder? The markup for those shirts was probably insane.

Coffee ($11.01) – A lower figure, only because it’s been $1 any size coffee at McDonald’s all month. Do they have me hooked? We’ll find out in March…

Dating ($141.65) – We went a little crazy here. We saw three movies with popcorn each time, including Black Panther in VIP (on a Tuesday) with entrees and dessert (the other two movies were Jumanji and I, Tonya – both very fun). We saw a community theatre musical to support mutual friends and also enjoyed a nice-ish dinner on the town during the month. However, among the free things we did was use a library pass to visit the Textile Museum of Canada and see The Artist Project courtesy of a friend with comp tickets. Both were great, but yes, we’ll have to try better in March.

Education ($163.85) – This monthly charge will disappear for the foreseeable future as I am now complete my training at The Second City! Article to follow in the coming weeks on the experience on how it’s influenced my thoughts on frugality.

Entertainment ($97.17) – I overspent here too. Two dinners, a movie on my own (Phantom Thread!), various pubs to catch up with friends… discipline was missing.

Fitness ($37.67) – 7 visits to the gym this month! Yay!

Food ($280.52) – In line with expectations. The Instant Pot has changed my life with how easy it is to batch book.

Gas ($21.06) – Not driving much these days. It’s nicer on the wallet not to.

Gifts ($163.37) – I have a friend who always takes charge of buying birthday gifts for friends. I honestly forgot to pay her, so this is a chargeback for all the $20 contributions I missed out on. Also a very fancy dinner in Greektown for my girlfriend (like $50 a person).

Supplies ($70.34) – Costco – do I need to explain?

Investment Income (+$240.99)

Inclusive of savings accounts, realized gains and dividend income, I netted $240.99 passively, which brings my total for the first two months of the year to $525.55.

Net Worth Update (+$778.81)

Not the sizeable jump that I’ve experience in previous months, largely due to increased spending and volatile markets. In fact, my Canadian portfolio decreased over $2000 in February alone due to pressure of rising interest rates. My net worth now sits at $150,828.47.


Author: stretchingeverydollar

Millennial trying to retire by 40. Because why not?

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