First month of the blog and first month with a full pay cheque.
I think I did alright, but absolutely could have avoided some boredom/impulse clothes purchases.
I must also mention how much information and inspiration I’ve taken from Give Me Back My Five Bucks. This was the first personal finance blog I started reading regularly and I look up to her a a lot for all the awesome financial milestone’s she’s accomplished (and written about)- check her out!
Her monthly budgets have inspired my own:
|Sept predicted||Sept actual||Difference||Why?|
|Utilities||30||41.95||-11.95||Paid for both halves|
|Public transit||45||129||-84||bike, bike lock and one taxi ride|
|education||0||150||-150||med application fee|
Utilities: I paid for it in full this month, but we still have a discount so it was not that much more.
Transportation: I bought a used bike, a lock, 5 bus tickets and one taxi ride, so for all of that I think it was pretty good.
Clothes: Oh monkey. At first I was doing great, but then I was bitten by an insecurity bug and went shopping to help myself feel/look more trendy. I ended up buying 2 t shirts, 2 shoes, a dress shirt for work, a dress shirt for going out, a nice camisole and a chambray shirt for $150, so again not bad at all. Just totally unnecessary and not in my budget.
Education: I forgot about putting this in my budget. I submitted and paid for my medical school application. WOOO/terrified. I’ll put those emotions away until at least January.
Insurance: I got a gift and wanted to get it insured.
Net worth Change:
Sept Net Worth: -12725.76
Current Net Worth: -12111.37
Difference: +614.39 or 4.8%
1. Save at least $6000 for potential tuition for Sept 2014- I have 10% of it already!
2. Boost Emergency Fund to $4500- Steadily putting $100/month
3. Put at least $400 a month to student loan- So far so good.
1. Apply to
PhD Masters programs and medical school for Sept 2014- I emailed 7 profs and met with three so far. I did a lot of research and talking and I think a PhD is not for me at this time, but I am actively pursuing profs for a MSc now. I submitted and paid for my medical application so we will just see what happens!
2. Get out and meet people in my new city- try a new activity at least once a week- I think I did great! I tried a running club, women’s comedy class and brunch with strangers. I’m getting out there slowly but surely. I do want to put more of my excess spending into activities and meeting people instead of clothes.
3. Plan an vacation with my partner outside of Canada (California? Turkey? Hawaii?)- I saw that a round-trip ticket to LA is less than $400 so I’m very tempted. No real plans but awesome dreams so far.