August 2018 Financial Update

My best month yet.

August 2018

The final month of summer came to a close and with it some below average spending amounts coupled with a three paycheck month and a surprise cheque (more on that later…). It’s months like these that make me smile!

Savings came from reduced spending with my girlfriend out of province for the month and reduced entertainment expenses. When the outdoors are so nice, the amount of free activities to partake in is incredible!

Overall, I spent $1,874.58 this month for a solid 80.78% savings rate, which is the highest I’ve ever had in a month.


Car Insurance $128.50
Car Parking $81.20
Cash $16.00
Clothing $146.87
Coffee $22.02
Dating $0.00
Entertainment $87.14
Fitness $37.67
Food $309.31
Gas $29.14
Gifts $24.51
Grooming $24.00
Internet $22.01
Laundry $8.50
Medical $21.13
Networking $42.56
Phone $0.00
Rent $862.75
Supplies $11.29
Transit $0.00

Non-Overhead Expenses

Clothing ($146.87) – Bought new hiking boots. I know I said last month I wouldn’t buy any more clothes, but to my defence those boots are Salomon’s, we’re $70 cheaper than anywhere else and were rated one of the best hikers last year.

Dating ($0.00) – She’s back next month. In the mean time, being temporarily single leads to lots of saved dough, but ultimately a sadder existence!

Entertainment ($87.14) – I went to the movies twice (Crazy Rich Asians and BlackKklansman were both great), met a friends for both brunch and dinner, and hosted a board games night.

Fitness ($37.11) – Went three times to play squash. The outdoors took me away from the indoor gym. Still close to $13 a visit isn’t great value…

Food ($309.31) – Again in the normal range. Lots of batch cooking, and was granted delicious leftovers after visiting my girlfriend’s mother!

Gas ($29.14) –  Half a tank of gas spent visiting the lady who gave me the food!

Gifts ($24.51) – Birthday cake and gift for a friend.

Grooming ($24.00) – Downtown haircut. This is cheaper than the other dude I was seeing who was charging close to $30.

Medical ($21.13) – Two massages covered at 90% through workplace benefits.

Networking ($42.56) – Two workplace luncheons. They were not cheap.

Phone ($0.00) – WOO! No cell phone bill until December thanks to account credits!

Supplies ($11.29) – Misc household supplies.

Transit/Tolls ($0.00) – Cycle, cycle, cycle! Saved huge on this. Will be sad when winter comes and I restart bleeding $30 a week on transit.

Investment Income (+$145.13)

Inclusive of savings accounts, realized gains and dividend income, I netted $145.13 passively, which brings my total for the year to $2,015.63. A quieter month than usual, but bigger dividends coming September through to the end of the year.

Net Worth Update (+$13,550.51!!!)

Holy cow, right! Well, that’s the power of a three paycheck month and a surprise refund check for when I transferred my pension over to my current job. On top of that, the stock market has been insane, with my Canadian basket of stocks gaining over $3,000 alone.

My net worth increased to $187,487.34.

Other Financial Updates

Author: stretchingeverydollar

Starving artist to Debt Free MBA. Attempting to retire early.

6 thoughts on “August 2018 Financial Update”

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