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Personal Bloggy Blog

The Struggle is REAL.

So packing boxes seems like a super easy thing to do, but it is so much deeper than throwing your belongings into a cardboard cube.

Everything I take off a shelf or out of the closet has a different memory, meaning, or feeling attached to it.

Jordan and I have been living in a pretty fair sized arrangement for the past 5 or 6 months and now we are moving to a space that is a bit smaller. So, we decided (almost reluctantly) that it was time to start going through and downsizing where appropriate.

So I pick up my plaid “country” button up shirt and thought to myself, “When was the last time I wore this shirt?” while simultaneously thinking “Remember all the good times that were had in this shirt? Plus it was like a $100 shirt and I… mom only paid like $25, what a steal!”

The voices battle over whether to keep the shirt or not, and throughout the years my heart has always kept that shirt no matter how much I wear it, if I even wear it at all. But this time it was different. I still had the same thoughts but my hands directed my shirt to a pile, a pile that would eventually make it’s way to a new home. Whether that home is to a younger family member, or friend, or even the Salvation Army so someone can love the shirt like I did. Nevertheless it was gone.

I don’t feel sad that I have let go of my shirt, because it has helped me come to grips with the fact that you can’t keep everything forever. You can’t stay the same forever, we all grow and change and that is not a bad thing. I am reaching a point in my life where I don’t need that “country” shirt just incase we go to The Rockin’ Horse Saloon. I am at a point in my life where my passions and the people that I surround myself with, near and far have become more important than anything else.

I enjoy being around friends and family and sure I would still enjoy going to the odd country bar but I’ve reached a new stage in my life where I want to move forward and progress into the person I want to be for the rest of my life. Maybe that sounds kinda deep and maybe a bit annoying but I am truly happy underneath all of the anxiety and spurts of depression I have faced and continue to conquer. I wouldn’t change the path I am on because I know that I will eventually end up exactly where I was meant to be as long as I put my best foot forward to ensure I get there.

Bringing this back to the money aspect of my blog. I want all of my new and consistent readers to know that just because I started a blog about money that does not mean I regard money as the almighty dollar. I actually don’t care all that much for the idea of money being a blockade to people achieving their goals.

I just understand the importance of money in our society and how it is mandatory in advancing your life, career, and much more. This is why I started The Money Diet, I don’t want money to control me, I want to control how I spend my money and how I live my life.

This is why I practice not stressing about money. What I do is: I write down everything that is stressing me out and it’s dollar value, then write down how much money I’m guaranteed to make and then sometimes even add a column of potential extra incomes. If that guaranteed value is higher than the stress value I scrap that paper and don’t worry about it. If you have enough to live and you know in your heart that you are trying and you want to move forward, you will be okay and you will move forward.

I leave you here with a picture of someone else’s plaid “country” shirt.

Categories
the money diet

Week 14

Wow week 14 already. It’s been a ride and week 13 really hit me hard as I was buying Christmas gifts and I treated myself to little something.

I’m trying my best to keep my spirits up in the midst of the seasons transitioning (were going into winter) or I could say “winter is coming” (referencing a show in which I’ve fallen asleep halfway through the first episode 3 times and never been able to successfully start).

I’m trying to get myself into new routines like taking vitamins and going to sleep on time and doing things that make me happy.

I’ve found the early results are pretty good so I’m going to keep up and maybe I can get through the winter season without suffering from mad seasonal depression like the past 5-8 years.

Now to the blog!

Monday

Monday started off well. I worked at 7:30am to 3:30pm, spent $5 on some coffee. While I was at work I ripped my pants.

So I had to rollllllll on over to the mall and buy new pants.

While I was there I was taking pics of things I may want for Christmas (yes I do love getting gifts, but I love giving them more).

I ended up spending $134.60 at the mall. YIKES!

I came home and had dinner with Jordan. We hung out for a bit, Jordan went to bed and I played 2k for a bit.

Tuesday

I woke up in the morning and attempted to do things but kinda just chilled.

I worked from 10am – 5pm. It was a meh kinda day.

I ended up going the whole day without spending money.

I went to my moms for bit to hangout and chat about this weekends plans.

My mom dropped me off and I hung out with Jord, we had latte and watched some Lucifer before going to bed.

Wednesday

I woke up and chilled for a bit, made myself a lunch, played some 2k.

I didn’t have to be at work until 11:30. So I got ready to go and was on my way.

I got halfway there and realized I forgot my lunch. So I had to spend $6.95 on lunch.

When I got off work at 6:30 Jordan met up with me and we bought some groceries and a few Christmas gifts, it cost $52.30.

We packed our bags and ventured home.

We put all the groceries away and turned on some Lucifer. We mucked half a bag on Jalepeno Cheddar popcorn.

Jord had to work early in the morning so she went to bed. I stayed up and played 2k for about and hour and a half and then called it a night.

Thursday

Ah Thursday, I don’t work until 2pm today. I have a couple things on my list and I need to get them done.

I have to:

  • Bake cupcakes for Jordan
  • Go return a Christmas gift.
  • Practice Guitar
  • Workout
  • Shower and get ready for work

I’m up and at it at 9am. That gives me like about 4 hours to get all of this done. Worst comes to worst I can always return the gift on the weekend.

PS she snowing good out there today!

I successfully finished everything except returning the Christmas gift! Not bad!

I went to work for 2pm and worked until 10pm. It was a good shift. I was training for supervising on the night shift and I did most of it on my own. I felt pretty good about it.

When I arrived home I realized I took home the keys for the office and would have to wake up early to return them.

I talked with Jordan for awhile and then we went to bed.

Friday

I woke up at 7am and had to quickly get ready to take the keys into work!

I had a nice walk, it was crisp and cool out and woke me up quite well.

I dropped the keys off much to the relief of my coworker who was opening the store.

I came home had some breakfast and got ready for work.

I left around 8:45am and when I got to work I realized I had forgotten my coffee on the counter.

Luckily when my buddy Zack showed up he gave me a Tim’s Double Double! It powered me through the next few hours of my shift!

I purchased chocolate and some snacks on my breaks it cost $9.45.

I clocked out and hopped in my moms car. We went to pick up Jordan to drop her off at her bus.

We drove her and when we got there the bus was FULL and the next bus would come in like 20 minutes. So Jord told us to leave because she didn’t want us to wait. She called me and said the bus was going to be like an hour late. So I told her I would grab her headphones (which she had forgotten at home) and bring them to her.

I hopped in the car, got home, grabbed her headphones and zoomed to her.

Jord got in the car to warm up and we sat until her bus showed up.

I said goodbye and drove to my moms.

My mom ordered pizza for us for dinner. I chilled for a bit and watched the latest episode of Rupaul’s Drag Race UK.

After the show finished we talked with my sister Nicole who had shown up and then my mom dropped myself and Adrian off at my grandma’s.

Adrian and I played a game of NBA 2k20 and then played some overcooked.

We threw on the new Green Eggs and Ham Netflix Original and chilled until bed time.

Saturday

Woke up this morning and had some breakfast with Adrian and then played some more overcooked.

We then moved on to Beyblades and after a thrilling tournament that ended in a double disqualification final (due to Adrian’s favourite Bey losing) we both got cleaned up and went on an adventure.

We walked over to Shoppers Drug Mart to buy bus tickets, I spent $44.80.

We talked to a few of my coworkers and then walked to the bus stop.

We rode the bus to the mall and hopped off. We made our way to every store that had toys and looked around.

My mom got off work as we were arriving at the mall so we met her at Toys R Us.

I spent $7.90 on a pack of Fortnite Mighty Beanz for Adrian.

We looked around a few more stores then we made our way to Popeyes Chicken and mom treated us to lunch.

Mom drove me back home and she picked up Adrian’s stuff. Shortly after my sister Nicole texted me asking if I was doing anything.

She picked me up and we headed to the mall, we made a quick stop at the pet store which cost me $71.20. We grabbed a Starbucks and walked around for awhile. I bought some gifts while I was there. The total cost was $56.30.

We drove to my moms and hung out for awhile. Nicole left and then not long after I went home with my moms car.

I got ready and went to bed! I was SO TIRED AND OVERSTUFFED WITH FOOD!

Sunday

Woke up and got ready for work. I drove to Tim’s to grab a coffee for my manager Roxy and I. Cost me $10.25.

After I ate my breakfast sandwich I went to work. It was a fairly simple day at work just making sure all the bad food was out and all the new food was in.

I hopped in my moms car and raced home to get changed. I grabbed my stuff and went to pick up my mom and Adrian.

Shortly we were on our way to Kingston to visit my sister Jess. When we got there we went to this restaurant called Coco Frutti. It is delicious but man it is filling.

After lunch we dropped Jess off and we went to Costco. We navigated our way through the sea of humans and exited the store unharmed with our purchases in hand. Total spent was $70.70.

We left Kingston and went to pick Jordan up from the bus stop since she had just gotten back into town from her weekend away.

My mom drove us home and we tidied up around the house, chilled for a bit, had a grilled cheese and then went to bed.

Recap

This week did not go as planned. I had a few things come up and they boosted my spending, my cats destroyed my phone charger so I had to get a new one and that cost $70 and the cats ran out of food at the end of this week so that cost $70. I did also use my debit card all week.

So I have vowed to go to the credit union on Tuesday and pull out cash and get back on track.

Here is a look at my spending:

Categories
the money diet

Week 13 – Holiday Adjustments

Hello everyone who’s stuck around and anyone who has joined along the way. I want to thank all of you for reading and helping me keep up my good habits!

I have been able to accumulate a great amount if savings since implementing my $140 cash budget and I’m super happy with the results so far.

I’ve decided to share my progress with you every 3 months. So… drumroll please!!!!!!!!

……

……

……..

To date over the last 12 weeks I have saved $4000!

This is super exciting for me because I’m nearing a total that I’ve never had in my account that consists only of money I earned and not loans!

We’ve got around 8 weeks left in this year and I’m hoping I can at least do another $2000.

Keep an eye open for the new years update! Alright now for week 13!

Monday

Today I worked a fairly easy going 7:30-3:30 shift. Did some supervisor training and worked some food.

I spent $10 on salads and my lunch. And then I spent $10.25 on epsom salts.

I got home and I talked with my aunt, my grandma and Jordan for a bit.

I went downstairs and got ready for the gym. I worked out for an hour or so.

Came home and talked with my grandma and Jordan for a while and then I went downstairs.

I took a nice bath while watching supergirl and then went to bed!

Tuesday

Woke up shortly after Jordan went to work.

I picked up my guitar and watched a youtube video. I learned how to play the E Minor chord and the A Suspended 2.

I’ve decided to use one of my notebooks to write down all of the chords I’ve learned with diagrams and legends so that I can look back at it and play chords without searching up old youtube videos.

I made some breakfast and got ready for work.

I worked 10am to 5pm which is only a 7 hour shift but for some reason if felt fast and really slow at the same time. I wasn’t feeling great near the end so maybe that had something to do with it… I’m not sure. When I left work I decided to make a pretty big purchase since I haven’t really treated myself to anything substantial lately. Now I didn’t make the purchase blindly, it was a special points day; Spend $75 and get 25,000 points (Equivalent to $25 in-store dollars) so I ended up spending $93.40, I got pumpkin spice cheerios and NBA 2k20 for the PS4. I have bought the game every year since just before going to college and I do enjoy it a lot so I figured this year would be a test to see how much use I get out of it and if it wasn’t a good purchase I will not get it next year.

When I got home we got ready because my grandpa was going to pick us up shortly. We went over to my grandparents house for dinner. My grandma made a goulash with a caesar salad, it was delicious!

We had a really great time catching up and talking about all things new. I really love getting a chance to talk to all of my grandparents because of the generation gap the conversation and the humour is much different than everyday conversations with people my age. I really appreciate the time I get to spend with them.

My grandma sent us home with the leftovers and my grandpa drove us back!

When we got home I popped in my new game and allowed it to update as I nodded off on the couch. It should be good for me to play tomorrow!

Around 12:30 I went to bed.

Edit: I’m adding this to shame myself, I made two Paypal purchases equalling $6.49 which totals to $12.98.

Wednesday

I woke up and hopped in the shower, grabbed my laptop, my guitar and attempted to learn a little more before I work today at 10am.

Work was, well, work. Today was quite a day. Everyone was having an off day.

I left work and bought a Starbucks pumpkin spice latter thing and some Reese’s trick or treat candy. I spent $13.05.

When I got home Jord was making cupcakes for work the next day.

At about 5:40 my sister Nicole picked me up and we went out for a Pokemon go raid hour.

We hung out for about an hour, Nicole drove me to the dollar store where I bought icing sugar and litter deodorizer. I spent $10.80.

When I got home I started doing some laundry.

I played NBA 2k20 while each load was going. I can now recall why I loved the past games so much. I’m going to be playing this a lot!

After the laundry finished I went to bed.

Edit: today I made a purchase of $1.29 on Paypal.

Thursday

I woke up today and didnt work until 11!

I was able to chill, play my game a bit and practice some more.

Work was alright, pretty hectic considering it was a “super senior’s day” and Halloween.

Jordan, my mom, Adrian and I went out to this local haunted house, then went to the safety village so Adrian could collect some candy and then ended the night at the church where they have lots of fun stuff for the kids.

My mom dropped Jordan and I off. I chilled for a bit while Jordan worked on some stuff.

My sister Nicole stopped by for a bit and we chatted for awhile.

After Nicole left we got ready for bed.

Friday

I woke up and kissed Jordan goodbye. I ate a bowl of pumpkin spice cheerios and went to work.

Today was okay but also kind of a confusing day. On my lunch I spent $18.25 on halloween chocolate and chips… wow, whatta lunch. Aat 5pm I was on my way home.

I made us dinner and played some 2K20 as we waited for my mom to drop my brother off.

It was a pretty chill night. When my mom dropped my brother off we threw on Spongebob Squarepants: Sponge Out of Water and Adrian quickly fell asleep!

Saturday

We all woke up and we started to make breakfast. We had Pancakes, eggs strawberries and cottage cheese!

After breakfast Adrian and I had a full on Beyblade Tournament! It was pretty epic! I’ll drop a slo-mo video below if you wanna watch!

My mom came to pick him up around 12:30.

She went upstairs to visit with my grandma for a bit. Jord and I had lunch and chatted for a bit.

I decided to go hangout with my mom and Adrian to give Jordan some time to finish something she’d been working on.

I went over and I played my guitar for a bit, I taught Adrian some wrestling moves, and we watched Total Drama Action.

My mom had me over for dinner and we had some delicious stuffed peppers.

She told me I could borrow the car for the night because she didn’t want to drive me home. I stopped by Wal-Mart and bought part of someones gift which cost me $72.25.

I got home and looked over Jordan’s work for her, we had a glass of wine and then went to bed a bit later.

Sunday

Thank the lord for daylight savings! The clock fell back and I slept for a bit longer than I might have!

Woke up to my fat cat meowing at us to feed her. So eventually I got up and fed them.

I chilled for a bit playing 2k and then eventually Jord and I went out to run some errands.

We stopped at the mall and bought some gifts, the grand total was, $95.25.

Then we went to walmart and finally we went to my moms for dinner.

We ate some butter chicken and hung out for awhile and then headed home with Nicole and Stephen.

When we got home I wanted to wash my uniform so I threw in a load of laundry.

At around 12:45am I was able to go to bed.

Recap

Okay, so here’s the deal. It’s now November, I love Christmas and I love giving gifts. I am NOT going to be able to fit everyones gifts into my budget of $140 a week. SO what I’m going to do is, I’m going to give myself a $140 a week budget for me. Then I am going to give myslef a $100 – $200 flex budget for gift purchasing until I have all gifts purchased. I am close to being done but the last gifts are always the hardest. SO hopefully the extra budget won’t last much more than the next 3 weeks. Now the rule of the flex budget is that it may only be used to buy gifts for others FOR CHRISTMAS/BIRTHDAYS that are engulfed in the holidays.

Now that we’ve clarified lets take a look at my budget breakdown.

I also added my Paypal spending in here because I have this terrible problem with spending money on video games so I think I’m going to delete all of my phone games and take my Paypal and whatever other payment methods I have off of my phone and my game system.

Me doing videos.

So as a lot of you probably know, I’m a film graduate from Humber College and I am currently doing nothing in film (GREAT SUCCESS) However I really want to. I miss everything about it, the acting, the videography, the editing, the late nights, the long days and the comradery.

Now I won’t get all of those things BUT I have been highly debating restarting my Youtube channel with a fresh, less trend follow-y feel. If anyone would like that or even consider watching my videos PLEASE like this blogpost, Not the facebook link, the blogpost.

I may do it either way but I really wanted everyones opinion.

Categories
the money diet

Week 12 – Ramping up Your Savings!

This week I’m challenging myself by spending $20 less than what I usually do.

I’m in the latter half of saving for the big purchase… a car! So I’m really trying to save as much as I can. I’m monitoring my out and in a lot closer than I ever have.

I’ve downloaded an app that helps me track my money in all of its locations and forms. Whether it be my bank account, credit union accounts, my 2 credit cards, my cash and my loans, I can throw it all into one app and it tells me exactly what I need to know.

The app I use to manage my funds is called Money Manager and I have it for Android. The app logo is a red square with a piggy bank in it (If you’re wondering!). I do highly suggest this! I got the idea to use one of these apps from my mom!

Let’s see how my week goes!

Monday

AHHHH, last night and yesterday I was so sick, I woke up this morning still feeling terrible. I didn’t go to work. I stayed home to hopefully cure whatever illness was occurring.

I popped Advil cold and sinus, drank lots of water, laid under blankets and was lazy all morning. Come 2pm I was feeling quite a bit better. My temperature had dropped a fair bit!

By the evening I was pretty well back to full health.

Today was also election day! So I borrowed my moms car and zoomed out to cast my vote!

Not going to lie, watching the live results was quite disappointing. I’m hoping in the next few elections we can break out of old habits and try something new… if you know what I’m saying.

I had to work in the morning so off to bed I went!

Tuesday

This morning I was a bit too lazy as I worked later than usual, 7:45am!

So lazy I forgot to eat… I rushed into work on an empty stomach and a coffee.

Today I was training to supervise! It was a great experience learning the ins and outs of opening the store.

I went on my lunch and spent $13.45 on food and tickets for some draws!

The draws are for Raptors tickets and Habs tickets!

After work I went to the dollar store to grab cake mix for the cupcakes Jordan and I are making for the bake sale at my work! It cost $4.55.

I stopped at Dollar Tree to grab a snack as I hadn’t eaten much, it cost $2.65.

I went home and Jordan and I had dinner!

I got ready and headed out to the gym. I worked out for about and hour. I missed the bus home so I decided to go to McDonald’s for a late night meal! I spent $13.40.

I caught the bus home, hung out a bit and went to bed.

Wednesday

Today was weird! I woke up at 7am and had nowhere to be! I spent the morning chilling until I eventually took a shower.

I baked a bunch of cupcakes for the work bake sale, chocolate, “White Cake”, and rainbow chip!

It was the first time in over 2 months that I would be working a night shift. I was working 2-10.

It was my second supervisor training shift. It was a little more hands on this time. Super good shift!

On my lunch I bought Mary Browns which cost $9.80.

After finishing work I walked home, hung out with Jordan for a bit and then watched a new show on my own.

I had a tea and went to bed.

Thursday

Thursday started off fairly easy. I worked an 11am – 3pm shift and came home.

Jordan and I had some pizza and a few drinks and we were on our way to the Tyler Shaw concert!

Before we went to the concert we stopped at this nice little wine bar called The Lark (If you like wine of beer, YOU SHOULD TRY THIS PLACE!).

Drinks at the Lark!

I had this awesome sour beer.

After we finished our drinks we went to the Empire Theatre for the show!

There were 3 acts, there was Craig Stickland, Neon Dreams, and Tyler Shaw of course!

Here’s some pics from the show:

Neon Dreams.
Tyler Shaw.

The show was really awesome! It was a fairly affordable night out on the town.

I spent about $40 on drinks.

After the show we were able to meet Neon Dreams and Craig Stickland.

Meeting Neon Dreams. (Yes a picture of me!)

Friday

I woke up and worked a 7am – 3pm shift. I was working food but also training for supervising again.

It was a good day at work I’d say.

When I got home Jordan was just getting home and we made breakfast for dinner!

Jordan suggested that we have my younger brother over for a sleepover!

I called my mom and about an hour later she dropped Adrian off!

Adrian and I played Beyblades for a bit while my mom and Jordan chatted.

We packed up the Bey’s and Jordan made us some hot chocolates and popped some cookies in the oven!

We turned on Halloween town and chilled for the rest of the night!

Saturday (RHYTHM + FLOW SPOILERS AHEAD!!!)

Jordan woke up and went to work. I spent a few hours in the morning with my brother watching Total Drama Island!

I then had to get ready for work. I worked a short shift 11am-3pm. It went by nice and smooth and I was able to head home right after work. Before I left I purchased a Santa Jack Skellington Funko Pop! It cost $11.85.

When I got home Jord made broccoli soup and I tossed in a pizza.

We put on Rhythm + Flow and finished the whole show! It was so good! D Smoke was the fave to win and undeniably so, he ended up coming out on top (SPOILER!).

After finishing the series, Jordan started cleaning up so I chipped in with a bit on the chores.

Sunday

Today is a lazy day… but we need groceries and we need to do a little laundry.

I got out of bed a bit before Jordan so I watched the newest episode of The Flash.

I cleaned some dishes and made breakfast for us.

We chilled and ate and then it was time to get ready for a grocery trip.

Jordan wasn’t feeling well so I grabbed a bag, my backpack and the trolley cart we have and I was on my way for a solo grocery shop.

It was probably the grossest day, weather-wise we’ve had here in a long time, whipping winds and torrential downpours.

Bus thankfully I didn’t have to be outside for too long. The shop didn’t take long either as Jordan so thoughtfully concocted a list for us.

Only issue I had was when I was all finished the bus wasn’t coming for about 30 minutes so I bought a nice warm coffee and stood waiting for the bus. The coffee cost $2.

When I got home we put the food away and we started making dinner. We turned on Lucifer while we ate our nachos and later went to bed.

Recap

All in all, I believe this week was a positive one. I under spent and I’m on track to save about $7500 by years end.

Jordan and I also had a good conversation about how much we actually need a car and have decided that it’s honestly better if we rent a car for the holidays and wait on buying a car. Our hopes are to save as much as we can, get our school debts down and hopefully move closer to the city so that I can potentially start working in the field I went to school for.

With all that being said I totally think we are finally on a steady track and things are looking good.

Next week I will touch a bit on planning ahead and how that can help with your savings!

Thanks for reading, hope you enjoyed! Please share with friends and family and come back next time!

Here is my breakdown:

Categories
the money diet

A Breakdown

Hello there. It has been brought to my attention that some of the ways I’m able to save money, or some of my “benefits” have not been clearly established.

As well I have revamped my saving method slightly. So I have decided to dedicate this post to fully analyzing and breaking down my saving method so that people in different financial situations can tweak it to fit their needs.

Okay, so I will break down every perk that I recieve currently and then breakdown my personal saving method and then finally outline how someone in a different situation could utilize these tools for saving.

My Situation

I just graduated College. So naturally I owe some money – $14,000

I have credit card debt from school as well – $2000

I pay $75 a month for utilities in my current living situation.

and then I have some smaller costs (Spotify, gym membership, etc) that come out of my accounts monthly.

The Perks

So I am super lucky to have people in my life that are willing to help me out.

First and foremost, my grandma is allowing my partner and myself to live with her for a bit while we start our careers and save money. This saves us each between $500-$1000 a month. So let’s call it $750 saved. (Shoutout Grandma!)

My mother helps me out by covering certain things for me, My phone bill, and she supplies the Netflix for everyone aha (Thanks Mom!) This saves me about $100 a month.

And lastly my partner lives with me so anything that we spend money on there is a good chance we’re going halfsies on it, things such as entertainment, and groceries.

There are always other ways people help me but these are the set in stone ones.

Expected Earnings (Weekly)

  • Income #1 – $400-$500
  • Income #2 – $20-$40

Total = $420-$540

What I Do

So what I do is I go to the bank and withdraw $140 on Monday. This money is intended to last me from the start of Monday until the end of day on Sunday.

I break my money down into four $20’s, four $10’s, and four $5’s. This is likely just a personal thing but I find it helps with spending if I’m going out and don’t think I need to bring $20, I have the option to bring a $10, or a $5 instead of allowing myself to be equipped with $20 for no certain reason.

I categorize my money into 3 categories which you will have noticed in my last few posts. These categories are; Grocery ($50), Entertainment ($50), and Misc. ($40). This allows me to have an idea of how much I should be spending on certain things but also allows me to buy things I want (within reason).

Breaking it Down Differently

So the #1 thing to note when analyzing my saving method is that it is broken down into a weekly amount. So for a month you can break it down into fourths ~ because months are around 4 weeks.

GOAL

First you would want to figure out what you’re saving towards , for this example I’m going to say it’s a car between $5,000 and $10,000.

EXPENSES

Now you breakdown what your expenses are:

ExpensesCost (Monthly)
Rent$700
Utilities$100
Phone$80
Wifi$70
Credit Card$150
Student Loans$330
Misc (Music, Gym, etc.)$100

Total = $1530

So now you have a total for your fixed monthly expenses. Break it down to a weekly number: $1530/4 weeks ~.

Weekly Total = $383~

INCOME

Say you work 2 jobs part time 20 hours per week, one at minimum of $14/hr and the other slightly higher at $15/hr. And we’ll take out a small amount for taxes and stuff.

  • Income #1 = $1050
  • Income #2 = $1100

Now add these up and divide it into a weekly number, $2150/4 weeks ~.

Weekly Total = $538~

Now comes the tricky part. You have to figure out what you have left over and decide what you’re going to spend on entertainment, grocery and have as a Misc/backup.

So we know that weekly, your income is $538 and your expenses are $383.

To figure out your leftover just take your income and subtract your expenses like so, $538-$383 = $155.

If you are a single person you should be able to get away with spending no more than $40 a week on groceries, Entertainment you can sit at $40 as well, and then your misc can be somewhere around $20. Now you have a budget of $100 per week.

When you look at it week to week $55 dollars doesn’t seem like a lot. BUT when you start to add it up you could save $2860 in just 1 year.

And this example is based on an individual who has a lot of bigger expenses when compared to their income.

If you adjust this to someone who is working one full time job at a rate of say $27/hr and you keep the expenses virtually identical this is what it could look like:

$27×37.5 hr/week = $1010~, and I’ll even take off 15% for taxes and such which will bring us to $880~.

Then we take away our $383 in expenses per week that we figured out earlier, that brings the sum to $497.

This means before you decide on your categories and allotments you have almost $500 left over per week.

Now let’s say that you are going out a little more and you’ve decided to buy cashew cheese instead of the dairy stuff. We’ll bump that spending allotment to $80 (Grocery), $80 (Entertainment), and $40 (Misc/Backup).

That is double what our last person was spending at $200 per week. Now if we subtract $200 from our leftover of $497 we are left with $297 per week, meaning you could save $15,444 in a single year.

That’s a lot of money and I think it is totally doable. I believe the keys to this method are as follows:

  • Limit Debit/Credit transactions (Use Cash)
  • Practice Will Power and Self Control
  • The Breakdown (Week by Week)
  • The Build up (Yearly Savings Potential)
  • Belief that you can do it

With all of the above said, I honestly don’t believe there is any ONE PERFECT method to saving, but in my life up to this day I have been most successful using this method.

I believe there is a clear mental similarity when it comes to budgeting and dieting. That is why I’ve called my journey The Money Diet, because I am trying to overcome my laziness, practice will power and stay on track. The biggest problem I believe people have while dieting is the constant fad approach of trying new hip diet trends and this is also very common when budgeting. Think of the “52 week budget”, 50/30/20, 80/20, the zero sum budget. I think it is more important to find a reason to save and then find a method that works for you. I’ve saved a bunch using my current method. I attribute my success with this method to the things that are motivating me, not entirely the method itself.

Categories
the money diet

Week 9 – True Redemption.

I woke up Monday at 7:30am. I had a nice breakfast and watched some Dragon’s Den as I finished last weeks blog post.

I made a list of things to do, and I set out to get them all done. (hopefully.)

I got most of it done by the end of the day!

I got home from the bank just after my partner got home from work. Soon I was making dinner. We ate and then left to catch the bus.

We went to the gym and worked some chest, triceps, and shoulders. It was a good workout!

We got home, indulged in some protein, showered and went to bed.

Tuesday

So big news, all of my shifts have been regulated to a single time. Instead of working 6am-2pm, and 7am-3pm on and off I will be working 7am-3pm straight through! I GET TO SLEEP IN!

Work was hecking busy, so it flew by like a plane.

When I got home I started making dinner for my partner and I. They got home about an hour after I did and we ate shortly after. I worked on some things while we watched Lucifer.

My partner and I did a workout together then got ready for bed!

Wednesday

Today kind of dragged on a bit… work was slow and I was tired!

I bought some lunch which cost $4.80 and some groceries after I left which cost $15.95.

My mom came into my work today and asked if I would help her pick up some couches.

So we rented a cargo van, and my partner and I picked up 2 couches and a chair for her.

The seats were for the basement of my moms house which is turning into my brother’s play area. He was super excited when we brought them home.

My mom dropped us off and to our pleasant surprise my grandma had made some tasty treats for us! We went downstairs and did some meal prepping.

We watched some Lucifer and were off to bed!

Thursday

Woke up for my shift and it was fine! Everything went smooth, so no complaints.

I bought lunch at work and it cost $4.25.

My partner met me after work and I bought some groceries. The total was $16.50.

We walked home and I made dinner while my partner went out to run an errand.

When they got home we ate a “flatbread pizza” I had made.

We headed to the gym for about an hour and then we stopped by the store on our way home. I spent $20.90.

We went home and went to bed.

Friday

Work was FINE *he says as he walks to his room and slams the door*

Work was rough, for real. We had so many juice spills from faulty cases in today’s order. Everything just happened at the same time, it was a mess.

After work I got home and talked to my grandma for a bit. I then went and sat for a moment.

After sitting my partner got home and we started making dinner. I had a chicken burger and they had pasta with meatballs!

After dinner I hopped on the bus and went to the gym! It was a good work out, trying to keep at it and not lose momentum!

I caught the bus home, showered, had protein and went to bed!

Saturday

I went to work for 7am. It was a busy day. I was ready for 3pm and my dad came in. I clocked out of work and talked to my dad for a bit.

He dropped me at home and I got ready to go to Oktoberfest with my partner!

It was a great time! I spent $30 on beers for the 2 of us. We ordered a pizza and ate the night away!

Sunday

Since we went to bed so early we didn’t waste any of our day! We woke up around 830am and had some pancakes and then did some tasks around the apartment.

We put new screens in our windows, did some laundry, tidied under the stairs among other things! Quite successful!

My aunt and cousin came by to see my grandma so we went and said hello!

We went out to buy some fruits and vegetables from the store. I spent $25.

We came home and my partner made a delicious salad for us! We watched Lucifer than got ready for bed!

I feel good about this week! I still have money left over and I still had a fun time!

Here is a breakdown of my spending!

Categories
the money diet

My First Blog Post

What Am I Doing?

You must gain control over your money or the lack of it will forever control you. “

– Dave Ramsey

Okay so I have a bit of a mantra if you will, I like to say “Don’t worry about money, it isn’t something worth stressing over.” But let’s be real, everybody gets stressed about money, it’s almost inevitable.

To be completely honest, I believe any monetary stress we have is inflicted on ourselves by ourselves. Yes some things may impact our decisions BUT I still believe at least in my own case that ALL of my monetary stress has come from my own doing. That being said I am going to do my best to flip my stress into something great.

I have decided to start my own financial savings plan. Now I am not claiming this as my creation but I did think of this on my own.

I am attempting to save a LARGE portion of money so I can successfully fulfill my goals. Ah, yes, goals. I should first tell you what those goals are. OKAY:

  • Goal 1: Pay off my student debts (ugh)
  • Goal 2: Buy a car (Vroom Vroom)
  • Goal 3: Down Payment on a House (Holy, big plans)

Okay so now that I’ve established my goals let me tell you a little about my expenses and then we will get into my savings solution (Fingers crossed).

So here is a list of possible expenses and how much I am paying for them on average on a per month basis. Don’t hate me or shame me! OKAY:

  • Rent – $0 (Living at home, I know… lets just drop it)
  • Hydro/Electricity – $75 (See I’m not a total mooch)
  • Groceries – $250
  • Clothes – $60
  • Entertainment – $250 (Big spender)
  • Phone – $0 (I promise it was a gift!)
  • Internet – $0 (It’s not my fault!)
  • Miscellaneous – $150

Okay so if we added this up I would be a liar. I don’t know how close these numbers are but let’s say it is: $785. Thats how much I deemed NECESSARY to spend monthly. Now that doesn’t include all the random things and gifts I purchase.

So now lets go over what I’m bringing in on a bi-weekly basis (If this ever changes I will update it!) OKAY:

  • Work 1: $690
  • Work 2: $40

Okay so adding these together I have $730/2wks. So per month that is approximately $1460/month. now lets subtract what I have as expenses: $675 is what we have remaining, the only problem is if I were to have any damn expenses like rent, phone, internet or anything I’d be done for. This also doesn’t take into account my monthly loans payment that starts in November that is approximately $300 as well as paying off my giant credit card bill.

SO now we will dive into the saving method. I have gathered together a list of things I may need to pay for throughout the month and attached a weekly monetary value to them, OKAY:

  • Entertainment – $40
  • Grocery – $25
  • Bills (Hydro/Electricity) – $15
  • Clothing – $20
  • Toiletries – $10
  • Gifts – $10
  • Misc – $20
  • Total – $140

This is MY breakdown. Obviously not the only way to do this. I have taken the things that I deem most important and slapped a monetary value on them, note that it is much lower than my earlier estimates of my current spending habits. This is because what I was spending before was RECKLESS!

So number 1 thing to know is that my budget is a cash budget. So I have eliminated any other means of spending. I only carry a credit card with a super low limit just incase I get stranded or NEED something.

Here is a look at my budget in it’s physical state! It consists of 7 jars (Shoutout Dollarama) and the $140 separated accordingly amongst the jars.

Money Jars

My hope is to chronicle my day to day experience trying to stick to this budget. I’m sure there will be lots of ups and downs and weeks where I fall off the wagon. As much as this is just me going on a budget it will be 100% honest and unfiltered so if I F*#% up then you will know.

Thanks for joining in on the fun and hope you stick around!