Give Me Back My Five Bucks

August 2017 Goals: Recap

August has been full and active and I’ve enjoyed every minute of it. Even if it has been just so, so so uncomfortably hot at times. I’m not sure how anyone survives in a climate where the temperatures are regularly above 25C. :)

We were able to get out hiking three times this month, including two hikes we’ve never done before (Harvey Mountain and Coliseum Mountain). Despite not being as fit as we should have been, I’m glad we challenged ourselves with harder hikes. This will help us get ready for longer hikes this fall (including this weekend where we’ll try for a 35-40km day).

We started climbing again a few weeks ago, which I’m finding really enjoyable but also super frustrating. We were just getting into a really good grove back in April when we had to quit for 6 weeks while RD was away for work … and with moving earlier this summer, we’re only now starting back up again. It’s very frustrating not being able to do the routes we used to be able to do, but I know we’ll get there eventually. :)

We also celebrated our two year anniversary this month with a 3-night camping trip to Mayne Island. It was a lot of fun exploring the island on our bicycles, and we also had perfect timing because that weekend was their annual Fall Fair!

I’ve also been monitoring the real estate listing closely in our building (and in the neighbourhood). It’s been really interesting seeing the prices continue to climb (even though I was certain prices had peaked when we bought in the spring). There was a unit that sold in our building complex with the same layout as us (just one floor higher) for almost $60,000 more than what we paid back in April – WHICH.IS.CRAZY. I know it doesn’t mean anything to us since we’re here for the long term, but still. It’s validation that our little city is growing, but at the same time it’s also kind of crazy how many condo towers are going up within just a few blocks of us.

Anyway, here’s how I did this month:

Over Budget:

  • Groceries (work lunches/coffee) – went over by just a little bit because I bought a couple too many work lunches.
  • Restaurant & Entertainment – I actually came in under budget with our regular spending in this category, except for I didn’t take into account for the fact that we went in on two tickets to the 2019 World Jr. Hockey Championships in Victoria ($400) with my sister and this month we had to pay in full.
  • Travel – Spent a little more than I thought when we were on Mayne Island, and we also booked two nights of camping ($40) for September.
  • Personal Care – my trip to Sephora was more expensive than anticipated because I bought a new (more expensive) face cleanser, as well as a travel sized version.
  • Fitness – we signed up for the climbing gym, but because we were coming in mid billing cycle, we had to pay a pro-rated charge, in addition to the following month. We also stocked up on energy bars for hiking.

Income & Savings:

I brought in $4,000 in freelance income this month in addition to my full-time job. I still have about $1,000 pending and am in negotiations for some new projects for the end of this year and into 2018.

My savings rate was 55% of my net income, and my net worth grew 3% this month. In terms of hard numbers, my net worth has grown just over $30,000 since January 1st, which I’m pleased about. I’m hoping that despite the extra $ we’re putting towards our mortgage and the monthly padding of our joint accounts, I’ll still be able to hit my personal savings goal of 50% of my net income this year.

August 2017 Goals:

  • 450,000 stepsCHECK! We tackled some long hikes which put me over this goal with well over 560,000 steps taken in August.
  • Bring lunch 4x/weekFAIL! But still a win to me. :) Last month I spent $147.42 on lunch/coffee, and this month I only spent $66.66 – so a huge improvement. And I actually did take my lunch to work way more often, there was just one week where I was pretty bad.
  • Schedule blog posts for SeptemberPASS. I’ve got one scheduled, and three drafts half written. I still have 8 days before we board that plane. :)
  • Budget for a new catCHECK! I did an inventory on how much it will cost to get us the basics, and then I’ll worry about the other stuff (like toys) when the time comes.

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. Michelle says:

    Can you please expand on your property tax? Is it really only the equivalent of $60 per month? Even if that’s just your share tax must be very low out there!

    • Krystal Yee says:

      Of course! Our property tax is about $2,000 – and we qualify for the provincial home owner’s grant of $570 (basically you have to live in BC, be a Canadian citizen, and it’s your primary residence). That brings our property tax down to about $1,430. Divide that by 12, and it’s just around $120/month or $60 per person. :)

  2. Happy anniversary! I’m glad you two had a great time on the camping trip.

    Mr. FAF and I planned to go camping this summer, but it never happened. Maybe we will wait until next year.

  3. Udta Paisa says:

    Best blogs you are provided through your blogs I have learnt many new things about finance.

Leave a Reply

Buy the Book!

A beginner's guide for Canadians looking to get their financial life in order. Get great info on budgeting and saving, RRSP's and pensions, investing types, insurance, and where to go for additional resources.

Recent Tweets

Instagram

  • The Azores were amazing and we really lucked out withhellip
  • Made it to the gorgeous city of Porto!  portugalhellip
  • Time to get down to business at PortologiaPorto Porto Portugal
  • Hello Lisbon! Havent seen you in 5 years but yourehellip
  • If youre ever in Lisbon taking the train to Sintrahellip
  • We took the train out to the beautiful coastal townhellip
  • As a vegetarian this has been an interesting trip Therehellip
  • We rented bikes today and rode up the coast tohellip

© 2017. Give Me Back My Five Bucks. All rights reserved. Powered by WordPress & Designed by Mike Smith