October 2012 Budget & Goals

October 1, 2012

How is it already October!? Seriously.

Well, another month means another budget and a new set of goals. This budget is obviously somewhat of a test, as I don’t know what my exact expenses will look like in Toronto. I think I’ll be able to stay close to most of this, based on my first two weeks here, but I wouldn’t be surprised if I went over in a few areas.

First, you might notice that my personal care budget is much higher than usual; that’s because I need to go shopping for a new pair of boots, this month. My restaurant budget is also on the higher end, because I want to be able to try some restaurants in the city. Finally, I have a small budget for my quick trip home to Victoria in a few weeks (the flight is already covered).

One expense I haven’t budgeted for yet is a gym membership. I’m very slowly catching up to my new time zone, so I haven’t been able to force myself out of bed for any early morning #pfworkouts yet. Until I get back into that (maybe next weekend?), I don’t want to waste money on a membership I’m only using once or twice a week. (BTW, does anyone know if Goodlife offers month-to-month memberships?)

Goals for this month:

  • Track my spending and start posting weekly spending reports again
  • Look for a book club I can join
  • Join a gym (probably Goodlife)
  • Start counting calories on Lose It! again
  • Workout at least 3x per week

What do you have planned for this month? :)

  • Rob October 1, 2012 at 4:16 am

    Great minds think alike. I just completed my October budget yesterday as well. All is good (so far) :-)

    • Cait October 2, 2012 at 7:27 am

      Happy to hear it!

  • Adele October 1, 2012 at 4:31 am

    yep! Goodlife does month-to-month.

    • psychsarah October 1, 2012 at 6:34 am

      When I looked into it, the month to month was so much more expensive, I just did the year membership.

      • Cait October 2, 2012 at 7:28 am

        Yikes. Good to know!

    • Cait October 2, 2012 at 7:27 am


  • S tephanie Schweitzer October 1, 2012 at 6:14 am

    Goodlife will do month-to-month but be warned, as I learned, Goodlife in Toronto is more expensive than Goodlife other places. Now that I’m out of Toronto (and only about 1.5 hours away from the “big city) my gym membership is half of what is used to be. That being said there are a lot of gym options in Toronto as well as the YMCA which is definitely more budget friendly.

    • Cait October 2, 2012 at 7:27 am

      I hadn’t thought of the Y! I’ll have to look into that, thanks.

  • Andi October 1, 2012 at 11:12 am

    I definitely need to start tracking my expenses again. I am just getting back on the bandwagon after a complete downward spiral. I’ve dubbed this month as Austerity, not so much to punish myself, but to hopefully cement in some new good habits. Excited to see that it looks like you’ll be debt free within a year!

    • Cait October 2, 2012 at 7:29 am

      Good for you, for making new priorities this month! And yes, I hope to be debt-free by next summer. :)

  • Canadianbudgetbinder October 1, 2012 at 12:39 pm

    I like when I read goals set by others as I feel they invest in themselves and take the time to understand why , when and potentially how they will achieve them. I’m working on my October budget now.. and my Sept Update will be up on Wednesday. I hope for next year to make some significant changes with what I’ve learned this year especially with grocery shopping and cooking home-made meals. Thanks for your update …. Cheers Mr.CBB

    • Cait October 2, 2012 at 7:30 am

      Sometimes I think my goals are too easy… but I also think it’s good to plan for something that is attainable, as it motivates you to stay on-track. Thanks, Mr. CBB! And good luck with your October budget.

  • bogofdebt October 1, 2012 at 2:19 pm

    I’m still working on my goals. Ugh for September though :( I really want to join a book club but there are none around-so a girl and I at work are trying to create one. Harder than what it sounds like though.

    • Cait October 2, 2012 at 7:30 am

      I believe you! You should checkout the site meetup.com!

  • ND Chic October 1, 2012 at 6:06 pm

    I’m always amazed at how people can have a low entertainment category like you have. You upcoming trip sounds like fun.

    • Cait October 2, 2012 at 7:31 am

      Well, most of my entertainment comes in the form of dining out (hence the restaurant budget). Other than that, I’m going to a Jays game and might buy myself a new book. Fun! haha.

  • Jordann @ My Alternate Life October 2, 2012 at 8:06 am

    For me, this month is all about staying organized with all of my new responsibilities. I’m going to do a little bit every night, and hopefully that’ll keep the stress away. I’m also going to paint my bedroom, because right now it’s uuuuugly and I’ve had enough of looking at it. Good luck settling into your new city!

    • Cait October 2, 2012 at 1:46 pm

      Haha, what colour is it right now? My sister just painted hers last week. Good luck staying on top of everything this month!

  • A October 2, 2012 at 9:17 am

    Goals this month: pay off the car!!!!!!!!!!!! oh and walk at lunch every day that it doesn’t rain (so far so good, hah). And stop drinking so much wine and watch my portions. Boring.

    Do you do a zero-sum budget? Or do you have some leftover expected funds that we don’t see? I don’t typically do a zero-sum budget (where I will have NOTHING left at the end of the month because it is all allocated) because typically we go over in at least one category. So I usually have about three hundred dollars just hanging out in the budget. And then whatever is left over, we’ll put toward the car typically. Usually no more than $200 is ever left. Just curious! xoxo

    • Cait October 2, 2012 at 1:48 pm

      Your goals are not boring. You are going to be debt-free! Woo hoo!

      And no, I don’t do a zero-sum budget. But that’s a great question! I like to give myself $2-300 of wiggle room, especially because some of my take-home income in one month doesn’t end up getting used until the next month. Does that make sense?

  • SWR October 2, 2012 at 10:11 am

    Wow, your public transit (I’m guessing a monthly card?) is much lower than I would have thought, considering how large Toronto is.

    I’m still working on creating goals for the month. A massive apartment deep clean is definitely going to be in there though.

    • Cait October 2, 2012 at 1:49 pm

      Really? I wish it were cheaper, haha. Good luck with your deep clean!

      • Rob October 2, 2012 at 3:09 pm

        Actually Cait, the adult TTC monthly fare can be cheaper than $120. Check out the Metropass Discount PLan:

        Metropass Discount Plan (MDP) $115.50

        Plus: you also get a year end tax receipt which results in the cost to be cheaper than buying adult tokens / tickets on a yearly basis.

  • Drop that Debt October 2, 2012 at 7:09 pm

    I like the goals. Joining the gym will be great, and definitely get rid of a lot of the stress that inevitably comes with a cross-country move. I vote for the YMCA, but that’s just me !! Great goals. :) I need to read more.

    • Cait October 5, 2012 at 9:38 am

      I would go to the YMCA but it’s not very close to my place. :(

  • Michelle October 3, 2012 at 9:17 am

    The year is definitely flying by! I can’t believe it’s already October as well. Hope you do great with your goals.

    • Cait October 5, 2012 at 9:38 am

      Same to you, Michelle!

  • deenadollars October 4, 2012 at 11:59 am

    I want to do better at budgeting, I feel like my budgets are always a moving target. I love your fall colors in yours, by the way!

    Let us know how October comes out, it looks like you have some great goals. I’m going to post mine today.

    • Cait October 5, 2012 at 9:39 am

      I love that you noticed the colours. ;)

  • Savvy Scot October 5, 2012 at 12:37 am

    Looks quite ambitious – good luck ;)

    On the fitness front I think you should join in my change your life series!

    • Cait October 5, 2012 at 9:40 am

      Thanks, Scot! I’m not sure I have enough time to tackle another challenge but love the idea behind your series.

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