Monthly Archives

February 2017

How I Plan to Cut My Business Expenses in Half This Year

February 20, 2017

How I Plan to Cut My Business Expenses in Half This Year

Since quitting my job in 2015, I’ve intentionally chosen not to write about my business too much. It’s not the topic I want to be known for, and there are bloggers who do a much better job of it already. However, my good friend Kara who runs bravely keeps reminding me that being transparent and sharing the details (including the numbers) has the power to help other women who want to start their own businesses. Being transparent is already part of my M.O., and my numbers have never been off limits. So, if there’s a chance that sharing this information could help even one person, I think I’ll publish my numbers once a year.

It probably makes the most sense to show you my overall numbers at the end of each year, so that will be the plan. However, since I’ve never published this before, I’ll start by sharing some of last year’s numbers so we have something to compare this year’s to. Last week, I mentioned that one of my two new financial goals is to cut back on my expenses and run a lean business this year; that goal only exists because I was not happy with how much I spent in 2016. You might thinking running an online business would be cheap, but somehow I managed to spend exactly $14,000 on mine. Here’s a quick breakdown of where that total came from:

Continue Reading…

Setting New Financial Goals and Still Enjoying the Journey

February 15, 2017

Setting New Financial Goals and Still Enjoying the Journey

When I started this blog in 2011, I had only one goal: to get out of debt. For the first time in my life, I started tracking my spending, so I could see where my money was going. After a few months, I taught myself how to budget, so I could have a better understanding of what my overall spending added up to. As time went on, I naturally became more frugal and put every extra penny I could towards my debt. In the end, I paid off close to $30,000 and reached my goal in two years. That was nearly four years ago, and I haven’t had any big financial goals since. I repeat: I haven’t had any big financial goals in four years.

Of course, I have set some goals here and there. I did a two-year shopping ban to prove I could save more money and discovered I could live on half my income. I also saved a $10,000 emergency fund before I quit my job, and have maintained that savings + built up a large buffer in my chequing account since then. So, it’s not like I’ve been doing terrible things with my money or throwing it all away. I’m still debt-free, my net worth is currently $110,000 CAD (~$84,000 USD today) and I’m happy! But I haven’t been working towards anything for a while…

Continue Reading…

What Does Slow Money Look Like?

February 10, 2017

What Does Slow Money Look Like?

Once upon a time, in the not so distant past, this blog was titled Blonde on a Budget. Do you remember those days? I used to share weekly spending reports, projected budgets and final numbers at the end of each month. I even shared my net worth a couple times! There is a long list of reasons for why I don’t publish those things on a regular basis anymore, but if you met me in person, you would see I’m still the same girl who tracks her spending and tries to save wherever she can. It’s been a long time since I’ve talked about money on the blog, but it’s been consuming my thoughts lately… so if it’s ok with you, that’s all we are going to talk about here this month!

In fact, because it’s been consuming my thoughts lately, I decided my second slow living experiment for the year would be “slow money”. If you search that term, you’ll find a lot of information about a non-profit that invests in small food enterprises. Actually, the work they are doing is pretty interesting, and certainly impacts local economies in a good way. But, of course, that’s not what I’m talking about. In case you hadn’t noticed, I’m making a lot of things up as I go, with these experiments! As I mentioned last month, I’m not using the traditional definition of “slow” living (sustainable, local, organic and whole). I’m strictly focusing on the pace at which I live and breathe.

So, what do I mean by slow money?

Continue Reading…