Give Me Back My Five Bucks

June 2017 Goals

June’s budget makes my head hurt because it’s going to be so expensive. SO expensive. Good thing it’s a 3 pay cheque month, right? :)

Even though we close on our condo on June 13th, we are paying rent until the end of the month – giving us about 2 weeks to move – but also 2 weeks of paying rent and a mortgage. Boo. But it’s a lot less stressful this way, and really can’t be avoided because RD wants to spend a couple days painting the place, and then he goes off on a week-long work trip. While he’s gone, I’ll start moving some of the smaller stuff over in my car, and will leave the big stuff for the movers who come on the 28th. :)

Some of the numbers in my budget below are just a shot in the dark. I’m not exactly sure how much the notary will cost, so I just estimated based on the last time I bought my home. And as for the mortgage/strata/property tax, I just estimated based on a partial payment for the month. I’ll write up a post in a few weeks detailing all of the closing costs associated with our purchase, and I will be very curious to see how they compare to my costs back in 2011. Spreadsheets will be made. So much fun will be had!

Related: The real cost of closing on a home

To add to the piles of moving expenses this month, we will also need to book the last week of our Portugal trip (I booked the first week last month because budget-friendly accommodation was getting scarce in the Azores). We are hoping for an average of $100/night in Lisbon and Porto, which should be doable.

AND oh yeah, we’re going to Seattle for with my family for our annual Blue Jays weekend. We’ve already paid for our baseball tickets and train ride, so all we need to pay for is our accommodation for 2 nights and food.

Anyway, here’s my budget:

You can see I’ve updated the way I present my monthly budget. Now, I’m breaking up my spending into Fixed and Variable categories, as well as clearly indicating what is a shared expense. This makes it easier for me (and probably for you) to visualize, as I’m obviously only going to be sharing my half of the expenses.

June Goals:

No goals. Seriously. There’s just too much going on this month, that whatever goals I try to make, will definitely 100% not get accomplished.

Author: Krystal Yee

I’m a personal finance blogger and marketing professional based in Vancouver. I’m a former Toronto Star (Moneyville) columnist, author of The Beginner’s Guide to Saving and Investing, and co-founder of the Canadian Personal Finance Conference. When I’m not working, you can usually find me running, climbing, playing field hockey, or plotting my next adventure.


Comments

  1. Congrats again on closing on the condo. Moving to a new place with all the packing and unpacking can be such a pain, but it’s also exciting and rewarding.

    June sounds like an eventful month for you guys with a lot of trips, so just enjoy! :)

  2. Carrie says:

    Why are you paying annual tenants insurance when you’re moving out? Will you need to switch over to homeowners insurance?
    I’d never noticed the health care cost before? Is this provincial? We don’t have that in ON.

    • Krystal Yee says:

      Hi Carrie! Whoops I forgot to change the line from “tenant” to “homeowner” insurance, that’s my bad. :) We’ll end up getting a refund for our the portion of tenant insurance for the remainder of the year as well, which will be nice.

      And yes, the health care cost is provincial, BC is the only province that requires residents to pay. All other provinces it just hidden in your taxes. I used to have it automatically taken off my pay cheques, but a few big changes happened at the company I work for this year, so now we have to pay for it separately. Not a big deal, but annoying all the same.

  3. Leigh says:

    Congrats again on the condo! Good luck with moving – should be a busy month :)

    I’m curious why you and RD don’t count Groceries or Household as expenses that are split 50/50? They were mentioned in your joint budget you had a few posts back. Is that just a formatting miss on this spreadsheet? Or is that something you’re switching to in July?

    I found when trying to post expenses that it got really complicated as my husband and I shared more and more expenses. He covered all the groceries in full for quite a while, which led to people wondering what I was eating!

    • Krystal Yee says:

      Household expenses should be split 50/50 so that’s a formatting mistake. As for Groceries, I kind of lump in my coffee shop/lunch expenses into that category as well, so it’s not exactly a fully shared category. Perhaps I should break that out into its own line item. Something to think about for July!

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