November 2014 Income and Spending

I thought it would be curious to start posting my income and expenses, on a monthly basis, both as a point of reference for you readers and as a way for me to publicly keep my shit in line…as best I can.

Another month has come and gone. It’s almost hard to believe that I’ve been at my new job for 2 months now, but really, it’s not hard to believe. Time always passes this way. Anyway…

INCOME

Paychecks: $1523.23
Tips: $6.55
Other: $68.02 (This includes some cash from a gig I played, and some cash back rewards from my VISA that’s paid out every November.)
Interest/Dividends: $7.02

Total: $1604.82


 

EXPENSES

Food

Juice for Booze: $19.24 (this is the “Cider Fund” for our delicious Frugal Home Brew!)
Coffee/Snacks: $57.57
Groceries: $150.39
Booze: $190.38
Fast Food/Restaurants: $87.76

Bills

Cell Phone: $45.8
Rent: $345
Tenant Insurance: $7.48
Internet: $31.04

Gifts

$0.90

Transportation

Taxi Rides: $8
Bike Maintenance: $36.73
Public Transit: $5.50
Gas: $15

Home Supplies and Maintenance

Laundry: $12
Entertainment: $11.99
Kitchen/Bathroom supplies: $4.50
Clothing: $0

Miscellaneous

Music Equipment: $5.87
Misc: $3.33
Albums: $30.45

Total: $1063.06


 

INVESTMENTS

Questrade TFSA Deposits: $698.05
Scotiabank TFSA Deposits: $7
Leftover Savings: $0.02

Total: $705.07


There it is, the dirty numbers. It’s nowhere near as exciting at last month, but all and all it’s not so bad.

A red flag for me is the amount I spent on alcohol. It seems like quite a high number but it does involve a few nights of me purchasing drinks for more than just myself. I also have this tug of war inside of me when it comes to alcohol. I’m a believer that moments, memories and time with people you care about, and love, is far more important than the trinkets and thingy-ma-bobs many people seem to love to collect. Alcohol, whether you agree with it or not, can add a very real social, bonding aspect to nights with people you care about. So, spending a little too much for such relaxing, loving, and memorable evenings is something I’ll admit I’m torn between. I mean, I’m not talking about getting black out drunk or anything, but it can be nice to bask in the drinks’ warm glowing warming glow. Know what I mean?

I’m always a little disappointed when my investments don’t work out to be at least 50% of my take home pay. Investing is key to the financial independence game, and the only way to really get there in 10 years or less is to be contributing 60% or more into the accounts. Now, I try not to beat myself up too much – though Mrs. Bastard would disagree – but it really is the most important part of this journey. Having to work to live is not ideal. I want to live, and then work. Multiple decades of working paycheck to paycheck is such a terrifying thought to me. I won’t have it, and I honestly don’t think you should either.

How do my income/expenses compare to yours? Any tips and tricks you care to share?