So remember how last month I was complaining how much I spent? I didn’t fare much better. In fact, I wound up spending even more money, courtesy of the car, a concert, and a bit more socializing out on the town. After two months of higher spending, I’m hoping I can use April to get back into my regular $2000/month spending range, give or take 10%. This month, however, I spent $2950.62, which is almost 30% more than my usual outlay amount.
Car Maintenance ($641.30!!!) – Holy hell, is it expensive to own a car! I felt it especially this month. Even though I drive less than 8000 km a year, I had to renew my license plate sticker for $240 with Ministry of Transportation and perform a comprehensive maintenance on my vehicle as it hit its 5 year mark. As someone who doesn’t drive that frequently, I do wonder what the cost is for people who commute every day.
Clothing ($1.78) – My Amazon Chase VISA came to an end, so I used up my rewards points buying a fancy tie clip. This is the leftover amount.
Coffee ($18.97) – I’m an addict. I know. I buy one almost every day at work in the afternoon.
Dating ($186.34) – We took a day trip to Collingwood, Ontario one weekend and ate to our hearts’ content out there. Also included in this are 3 dinners together in Toronto and some coffees and desserts. This number has almost tripled since my girlfriend started working and living in Toronto… Is it the spending the new norm? Not sure yet…
Entertainment ($135.50) – I saw Glen Hansard live at the Danforth Music Hall (which was awesome by the way, but no way would I stand for 3 hours straight ever again), two dining out occasions with friends, and snacks for board games nights. It was the concert that did me in this month.
Fitness ($37.67) – I went to gym 4 times this month for $9 a visit! I can do better in April…
Food ($350.31) – This is about $70 higher than last month largely due to purchasing of spices and more bulk goods. I also bought lunch at work about 3 more times this month versus last, which really impacts the bottom line.
Gas ($74.63) – Collingwood road trip gas is built into here, but also gas prices have been insane these days.
Medical ($97.40) – I have 90% coverage through my employer. This amount was 10% co-pay for orthotics, a massage, and some over the counter meds.
Networking ($8.91) – A beer to hear about a prospective job from an ex-classmate. I turned it down.
Supplies ($64.05) – I hate Costco. But now I have barrels of shampoo!
Investment Income (+$268.30)
Inclusive of savings accounts, realized gains and dividend income, I netted $268.30 passively, which brings my total for the first two months of the year to $793.85.
Net Worth Update (+$5,399.16)
A HUGE jump up, especially compared to last month. I credit volatile markets reporting in my favour at this moment in time, a three paycheck month, a neat honorarium from a side hustle lecturing at a university, and a final retroactive pay from my previous employer. That brought this month’s savings rate to just over 67%.
This brings my net worth to $156,227.63.
Other Financial Updates