May was a very busy month for me. I thought I’d have a lot of free time since RD has been gone since the end of April, but my evenings have been filled with overtime, freelancing, organizing our move, booking travel plans, and seeing friends more often then normal. But I’m happy, my To Do list is getting smaller, and I feel organized, so that’s always a positive. :)
I will admit that this month I was lazy when it came to cooking at home. I ate very simple dinners (cooking meals for just one person seemed like too much effort), and then didn’t have leftovers for lunch … which is why I went over budget in the Groceries category (bought my lunch too many times). But other than that, it was a pretty normal month of spending for me.
- Groceries – Like I said above, it was pure laziness. I bought my lunch more than normal, and also went to Starbucks because the thought of making coffee just for myself in the mornings at home seemed like a lot of effort? I know. And even though Starbucks was just $2.20 each time, it added up!
- Household – when my friend and I were in Seattle, I impulsively bought two side plates at the market. I couldn’t help myself! They were just too nice. :)
- Personal Care – I ran out of shampoo and some hair products.
- Miscellaneous – RD and I bought a Garmin InReach device, which allows us to text message through satellites (instead of cell towers) so that we could communicate while he’s doing his field work. 5-6 weeks is just too long to go without talking
Income and Savings
I only brought in $600 in freelance income this month, but billed out for about $5,000 which should be coming to me for June.
My retirement portfolio got its normal $1,600-ish contribution, and I was able to put about $500 towards my down payment. Now that we’re about to wrap up saving for our down payment, I’m looking forward to funneling that savings into my TFSA. Maybe over time I’ll be able to catch up with my maximum contribution amount. Maybe. :)
May 2017 Goals:
- Exercise. PASS. I’m giving myself a pass because while I didn’t use my YYoga membership as much as I would have liked, I did go hiking, running, and I walked a lot. Not quite the same, but working overtime almost every day meant that I was canceling my booked classes a lot.
- Organize our move. CHECK! I booked a mover, organized move-in times with the building caretakers, inquired about doing small renovations to our place, got quotes for painters (decided to DIY this one), bought condo insurance, canceled renter’s insurance, and bought 12 months of mail forwarding for the both of us. Whew!
- Refresh GMBMFB. FAIL. I’ve started working with the theme on my test site, and it should be ready to launch soon. I wanted to get this done, but working so much at my day job this month meant the last thing I wanted to do was be on my laptop when I got home from work.
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.
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.
Well May is a difficult month because RD is gone and I already miss him, but I have a lot of fun things planned – and work is going to be super busy, so I’m looking forward to picking up a lot of OT hours to help pay for all the travel we have left in the year. :)
This coming weekend I’m headed to Seattle for a girls trip with one of my best friends. We’re splurging a bit and taking a cruise ship from Vancouver to Seattle for one night. :) We’ll then stay another night in the city and catch a Mariners game. I’m excited for this trip because we used to travel a lot together, but she had a daughter now, and understandably it’s much harder for her to get away.
I’m also headed home for the May long weekend to take my sister out for her birthday. I booked us a session at the Float House, as well as a massage afterwards. It’ll be pricey, but I’ll be able to claim my massage through benefits, so it’ll be less expensive than last year’s birthday trip to the spa. :) I’ll also get to see some friends that I haven’t seen since Christmas, so I’m really looking forward to that.
I mentioned in my April goals review that I got a raise. It’s not a huge bump, but every bit counts, and it does increase my net income by about $220/month which definitely affects my budget. I’m mostly really happy that my hard work was acknowledged! After thinking it over, $75 of that will be saved for retirement, $100 will go towards general savings, and the rest will be eaten up by lifestyle inflation because this fall we are getting a cat. :)
The second bit of news is that RD and I have bought a condo. We were both really surprised that we found something in just a few months of looking. But it was exactly what we were looking for, and came in under our budget so we’re pleased. We don’t take possession until mid-June, so May’s budget is not affected. I have a big post scheduled for Monday that will run through the details, so stay tuned for that.
Here is my proposed budget for May:
May 2017 Goals:
- Exercise. I bought a one-month pass to YYoga on Monday because it was on sale, but it was still expensive! I went to YYoga last May when they were having a sale on passes, and I loved it because they offer both spin and yoga classes. It was a nice break from the climbing gym, and helped me get my cardio up for the hiking season. I can’t justify a studio pass AND a climbing membership for the year, so this is my one month to get as much yoga and spin in as I can. :)
- Organize our move. When RD and I moved into our little laneway house 1.5 years ago, he did all of the legwork because I was in Toronto doing some freelancing. So now that the roles are reversed, I have a lot to organize. I’ll need to get quotes from movers and painters (to see if it’s even feasible that we hire them), organize move-in times with the building, look into getting strata approval to do a quick renovation, and start to pack up our home with the things I know we’ll be taking with us.
- Refresh GMBMFB. I’ve been wanting to do this all freaking year, but this is going to be the month to do it.