Monthly Archives

April 2013

Update: April 2013 Budget & Goals

April 29, 2013

April 2013 Actual Budget

I know April isn’t quite over yet, but there’s no point in waiting to share the fact that I sucked at tracking my spending this month. I was doing really good up until about the 20th. After that, I lost track of what I had spent a bunch of cash on, and I got so frustrated trying to remember that I just decided to give up.

The good news (no, the best news!) is that I stayed on track with my debt repayment goal. I’m posting rough estimates of the rest of my spending, simply because I love being able to see how much money I put towards debt this month. As I said in my last post, I’ll be making my last debt repayment next month. (WOO HOO!) But I shouldn’t start the party just yet… let’s see what I think my spending looked like this month.

In April, 36% of my spending went towards debt repayment. Another 20% went into savings (although my apartment and upcoming weddings are more like planned spending than savings). The leftover 44% was divided up between all of my expenses – and there were some big ones!

First off, I barely ate at home this month. I spent almost half of April in Vancouver, which is where a huge chunk of my Restaurant total came from. Speaking of being in Vancouver, I only expected to jump on the ferry home once this month, but I ended up going over for a quick trip mid-month as well, and taking the ferry is now $66.75 each way for a car + 1 person. Yikes. Oh, and you see my Personal Care budget? Yea, I may or may not have done some shopping in April.

Now, obviously my biggest overage is in my Misc./Cash category. Off that $850, $500 covered the security deposit at my new apartment, $60 or $70 is parking fees, and I also purchased a few gifts this month. And then there’s the cash that I lost track of… ugh.

Even though my total spending looks intense, nearly $700 of that was taken out of my Future Apartment savings account. Oh, and I also got a random cheque in the mail from my last job (retro pay) for $243. So, in the end, I only went over budget by $100 or so. I think, anyway…

Goals for this month:

  • Find an apartment for May 1st and coordinate my move – PASS! I’m moving in on Sunday!
  • Spend quality time with family and friends – PASS! And some new friends too.
  • Track my weekly spending – FAIL! Obvious.
  • Read 2 books – FAIL! I read most of Wild by Cheryl Strayed, but I’m not quite done yet.
  • Start my half marathon training – PASS! Errr, kinda anyway. Slowly but surely.

How did your month finish up?

I’m Not Going Anywhere

April 26, 2013

Earlier this year, I was pretty much set on kissing this blog goodbye as soon as my debt was paid off. Actually, there were a few moments where I almost hit “Delete” on the whole thing. But as I get closer and closer to $0, the thought of not writing here again is… well, there are no words, because I’m just not ready to stop.

For the last few months, the #1 question people have been asking is what I’m going to do when I’m finally debt-free. Unfortunately, I still don’t know what my answer is. I think I’m going to save my “extra” money in June and set it aside for something fun. A weekend getaway that includes some shopping, perhaps. Nothing crazy, but that money will be for me to use however I want. Then in July, I’m going to kick my savings goals into high gear.

The thought of blogging about how much money I will be saving feels a little bit… self-righteous? Smug? I’ve spent most of the last few months thinking, Who is going to want to read about how I saved $800 one month? But I read blogs like that all the time – most of them written by people who used to be in debt. And they don’t just write about how much money they save; they write about life after debt, which doesn’t seem to be as glorious as it sounds.

I’m scheduled to make my last debt repayment on May 31st. (Have I mentioned that yet!?) And if I don’t know what the heck my June budget is going to look like, or when I’m finally going to trust myself with credit cards again, that means I’m not done what I set out to do with this blog. How long I’ll continue to write, I’m not exactly sure. Throughout the summer? Maybe until the end of the year? I will probably write until there’s simply nothing left to be said.

For now, all I know is that my debt will be paid off in another 5 weeks… and I’m not going anywhere. I hope you’ll stick around to see what’s next.

Have a great weekend, everyone. :)

The Only Motivational Blog Post I’ll Ever Write

April 24, 2013
Buddha Tree

On Monday of last week, I got up at 5:50 a.m. and started my new, normal routine. I picked up my laptop, worked from bed for an hour, had coffee with the fam and “went” back to work. Around 11 a.m., I decided to take an early lunch break. Only instead of eating lunch, I changed into my running gear and hit the pavement. I ran 2K to the bank (where I put $680 towards my debt!) and ran back. And it wasn’t until I was halfway home that it hit me: the person I was two years ago would never have done what I was doing in that moment.

Before I started this blog, I was lazy. And I made every excuse in the book to stay that way. I maxed myself out financially, because I told myself I would pay it off one day. I drove 90 seconds to the grocery store, because the bags I was going to fill would be too heavy to carry half a mile home. I didn’t workout, because I was too busy. I didn’t care about how much weight I had gained, because drinking excessive amounts of wine and eating too many slices of garlic cheese pizza were two of my favourite pastimes. And if I didn’t get to spend my spare time doing things I enjoyed, I wouldn’t have been happy.

But I wasn’t happy. (Duh, Cait!) I drank too much, ate too much, spent too much, and didn’t care what anyone thought about any of it. It doesn’t take a genius to see how unhealthy that is. Unfortunately, it wasn’t until the day I realized I was maxed out that I decided I had to get my shhh together.

In June 2011, I decided to start my debt repayment journey. To jumpstart it, I moved into my parents’ basement for six months (winning). In that time, I paid off more than $10,000 of debt. After that, there was no stopping me. In 2012, I paid off more than $11,000 of debt, and I’m scheduled to pay off the last of it next month. I can’t pinpoint the exact moment I realized that I had full control of my life and my future, but something throughout my debt repayment journey sparked me to make a number of other changes in my life.

In February 2012, I decided I wanted to get fit and lose weight. I started by getting up at 5:30 a.m. 4-5 days per week and squeezing in a workout before starting the rest of my day. I counted my calorie intake for a while, which also helped, but forcing myself to get moving was the most important decision I could have made. Not only was I losing inches fast, I was happier in general. (Hello, endorphins!) Since then, I have lost 30 lbs. and have learned that even the worst days can seem a little bit better after a good workout.

In October 2012, I decided I wanted to quit drinking. While that decision didn’t stick at first, it’s one I am most proud of today. What 27-year-old wants to admit they soothe the annoyances of bad days by getting blackout drunk? Who wants to admit they can’t handle only having 1-2 drinks; that 2 turns into 12, and 12 turns into more bad decisions. Does anyone like thinking they might be an alcoholic? No. It’s been difficult attaching that word to my behaviour, but it is what it is. And I’m better without booze.

Based on this pattern, I’m due for another life-altering decision in June of this year. At this point, I have no idea what I will tackle next. The half marathon, for sure. Other than that, maybe I’ll stop procrastinating and finally finish my book. Who knows. But the point of this post is simple: over the last two years, I have changed my life. There’s nothing inspirational about it. There’s no magic formula or quick fix. I just opened my eyes, saw things I didn’t like, and decided to make changes.

Making the decision to change something about your life or lifestyle isn’t easy. First, you have to admit that you need to do it; that usually involves admitting to yourself that you’ve been doing something wrong. After that, you need to put your thoughts into action; with that comes good days and bad days. Heck, I just had a bad weekend! But each of the changes I have made are ones that will help me live a longer, much happier life, so I know the hard work and bad days will be worth it.

Before I wrap up this post, there are a few other lessons I’d like to share with you. And not to put a damper on the sales targets for self-help books this week, but if you’re thinking of picking one up soon, the answers you’re looking for are probably along the lines of this:

  • If you wish there were more hours in a day, wake up earlier.
  • If you keep avoiding the same task, it’s not a priority.
  • If you hate that your clothes are getting tight, pay attention to what you’re eating.
  • If you don’t feel sexy when you’re naked, workout more.
    • If you don’t know how to start, walk more. Walk everywhere. Just get outside.
  • If you’re sick of being hungover, stop drinking so much.
  • If you’re not getting enough sleep, go to bed earlier.
  • If you’re stressed out, reevaluate your priorities and do more of what makes you happy.
  • If you still haven’t found Mr./Mrs. Right, put yourself out there.
    • If you are dating, be thoughtful and don’t play games. The end.
  • If you want to save more money, you either have to make more money or spend less.
  • If you hate being in debt, stop spending recklessly.
  • On that note:
    • If you upgrade to the latest technology every six months, you’re doing it wrong.
    • If you’re not willing to pinch a few pennies and sacrifice some of your wants, you’re doing it wrong.

Life is what you make of it. You are in control of everything you do. Don’t make excuses or blame other people for things that you have the ability to change.

Oh, and please, please, please. Don’t create a vision board. Create an action plan.

I’ll leave it at that and share one of my new favourite quotes:

“If you don’t like where you are, change it. You’re not a tree.”

What’s the best piece of advice you can share?

Flickr: doug88888