June is when spending can get dicey – the weather turns favourably warm, patio season is in full swing, and I probably crave ice cream or beer (two terrible things for me) almost daily.
Fortunately, I had my best month of the year so far in terms of spending, dishing out $2,167.28 this month, courtesy of two nice highlights.
Firstly, I switched cell phone providers and now have a $0.00 phone bill until December thanks to over $380 in credits. I also spent ZERO dollars on transit this month due to the BikeShare system, which I wrote about here. If it weren’t for attending a friend’s wedding and my apartment requiring tenant insurance all of a sudden, I would’ve been sub-$2000 easily.
Either way, my savings rate for the month was 63% and even better: my net worth jumped over $5000!
|Phone||$0.00! (Courtesy of switching providers and receiving $380 worth of credits)|
Clothing ($22.57) – I bought shoe trees at Nordstrom Rack for my winter boots. The boots are now 8 years old (they don’t make them like they used to…) and I want to get a few more winters out of them.
Coffee ($24.93) – Tim Hortons iced cappuccinos and McDonald’s iced coffees…
Dating ($151.85) – We saw a community theatre show (overpriced but friends were in it), Incredibles 2, and Won’t You Be My Neighbour (both were great!). Both movies also featured overpriced snacks. We also ate out twice at reasonably priced restaurants (Seven Lives and Naan & Kabob) and bought fancy ice cream twice.
Entertainment ($102.24) – Bought dinner for a friend because he got promoted, the rest are a few patio beers here and there and some food I provided at a BBQ I hosted.
Fitness ($37.11) – Four times I went to the gym. ~$9.00 a visit…
Food ($305.75) – This is within the normal range. I made my own food more than last month, which definitely generated some additional savings.
Gas ($94.73) – Lots of weddings and family to see in this nice weather means lots of driving. Gas prices have also been killer these days.
Gifts ($102.25) – Wedding gift and card. Obligatory amount, really.
Grooming ($25.99) – Professional haircut.
Medical ($30.05) – Massage covered at 90% through workplace benefits and some over-the-counter allergy meds.
Phone ($0.00) – WOO! No cell phone bill until December thanks to account credits!
Supplies ($17.01) – Misc household supplies.
Transit/Tolls ($0.00) – Biked or walked to and from work almost every single day. Feels so awesome to not spend $6.00 a day!
Website ($47.88) – The annual WordPress fee. Thanks for reading folks!
Investment Income (+$282.59)
Inclusive of savings accounts, realized gains and dividend income, I netted $282.59 passively, which brings my total for the first six months of the year to $1,534.45.
Net Worth Update (+$5,167.43)
Investments have been volatile but generally they’ve been increasing in value. Not to mention my work income is no longer deducing CPP and EI since I have now contributed the maximum. My net worth increased to $168,394.87.
At this rate there is a very small chance I can hit $200,000 by the end of the year… but that’s assuming a lot. We’ll see!
Other Financial Updates