Give Me Back My Five Bucks

Thinking of selling my home

Life has been busy! I’ve been working a lot of extra hours at my full-time job, planning the Canadian Personal Finance Conference, working on some freelance stuff, have done a bit of volunteering, and have been trying to declutter my place – which has been put on hold for the past week or so.

Over the last few hectic months, I’ve been thinking about my home and how functional it is for me. I love the neighbourhood I’m in, and my home is really cute. But I’m beginning to realize that my life is pulling me further into Vancouver, and I’m still stuck out here in the suburbs. Most company head offices (including my own) are located in the city, my boyfriend lives downtown, and all of the fun activities I like doing are in the city, or more easily accessible from Vancouver. The commutes are killing my productivity (2-3 hours round-trip), and if I could have that time back, I feel like I could be doing a lot more with my days.

My place has rental restrictions, so unless a family member moves in, I’m not allowed to rent it out. So the only thing I can do, aside from staying, is to sell my place and move closer into town.

It’s a tough decision to make, and I’m not quite there yet. I’ve been a home owner for 4 years, and while I don’t think I’m in a position to sell this year, I’m thinking hard about putting my place on the market to sell next year. That eliminates having to pay a hefty mortgage cancelation fee, and it gives me time to figure out what my next move is going to be.

So until that time comes, I’ll just keep on getting rid of my stuff. It’ll mean less packing once I do eventually decide to move. :)

GMBMFB monthly budgets moving forward

I’ve been experimenting with different ways of blogging about my monthly budgets. I’ve been showing you my Excel spreadsheet for so long that I wanted to change it up. I even thought about not posting my budgets anymore, but I think I still need them for me. :)

So here’s what I’m experimenting with this month – my budget based on percentages:

March2015-Budget

The above chart just shows averages. When I recap my budget at the end of every month, it’ll show the percentage of what I actually spent that month.

I also considering cutting back on the number of categories, and it would look like this:

March2015-simple

Overall, I like showing percentages better because:

  1. It eliminates the dollar value so that we are really only focusing on what percentage of my income is going to each category.
  2. I based my previous budgets on my full-time income, and did not include what I did with my freelance income.
  3. You can see my savings rate in comparison to the rest of my monthly spending.

Switching to percentages means you can now see where all of my money is going, and even though I’d no longer be sharing dollar figures, I think this is a more transparant way to show my spending and savings.

What do you think?

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