It’s the last month of 2013! Just for fun, I looked at my January 2013 Budget & Goals and was blown away at the realization of how much my life and finances have changed since the beginning of the year. Only 11 months ago, I was living in Toronto with Roomie, thinking about getting my own place, worrying about how I was going to pay to travel back and forth to BC for so many weddings, etc. Now I’m debt-free and happily settled in Port Moody, working remotely for the same company. In January, I never would have guessed this is where I would be at the end of 2013; it’s crazy, but I love it.
One thing I did know in January is that 2013 was going to be the year I would pay off the last of my debt. The first number in my January budget was $850 for debt repayment. Well, the first two lines of my December budget add up to $930 – that I’m putting into savings. As for the rest of this budget, it looks pretty standard. I’m obviously in Toronto this week, so I have a little spending budget there. I’m also going home to Victoria for Christmas. And I want to avoid eating takeout as much as possible, since I’m sure there will be enough chocolate (and calories) in my system already this month from travelling and the holidays.
In total, I’m saving 29% of my income (in long-term savings), spending 35.5% on housing, 8% on food, 10% on transportation, 10% on travel, and the last 7.5% on my health and myself! (Oh, and disability insurance is a new one. We’ll discuss that later this month.)
Goals for this month:
- Read 2 books
- Workout 2x/week
- Relax and enjoy a week off work between Christmas and New Years
- Create a realistic list of goals for next year!
What do you have planned for this month?