Spending Re-cap: February 2019

Our spending re-caps for the months will focus only on our variable spending and include the following categories:
  • Family (includes all the stuff we spend on the kids such as activities anything we buy them and their education savings. Any graphs I may post with include daycare, but the numbers will not)
  • Home Expenses (anything we spend on the house for the maintenance, taxes and insurance. I'm not including mortgage payments or interest as that will not be included in our final FI number so I want to be able to track what life costs without that. Keep in mind graphs will include the mortgage, but not in the numbers)
  • Transportation (all car related expenses such as gas, maintenance, insurance)
  • Utilities (heat, water, electricity, Internet, phone and cell phones)
  • Health Spending (Life insurance, dentist other health related costs. This is pretty low because we live in Canada)
  • Enjoyment (Gifts, Entertainment, Vacations, Hobbies, Restaurants, Alcohol, etc.)
  • Routine Expenses (Groceries, Clothing, Sewing, Hair, etc.).
February was another low spend month, which was good as my income is still down due to being off work. Hoping that I will be back within couple weeks now. Fingers crossed. 

Here are the numbers:

Totals Feb
House Expenses $0,00
Transportation $398,00
Utilities $416,50
Health Spending $360,00
Enjoyment $993,00
Groceries $386,00
Clothing $13,00
Sewing $13,00
Shopping $57,00
Family $375,00
Total spending (minus daycare and mortgage): $3011 

Notable costs for this month was our daughter's birthday present (day at local amusement park) and preparing for our trip to Mexico. I did over spend a bit on activities for the kids and fortunately didn't need much of the medications I purchased just in case. We also had a larger dental bill (our costs about $360). Food bill down due to being away at an all inclusive resort and still eating out of the pantry and freezer. Costs will be increasing there soon I'm sure. Enjoyment category is higher as all the travel costs are added here. 

As mentioned last month our averaged out spending should hopefully be under $5000/month (minus daycare and mortgage). So far averaging in January our costs are: $2941.

I'm happy with that number and looking forward to a low spend March before some annual fees start coming in, namely property taxes and insurance that will bump up the average. 

Cumulative savings sitting at 40%.

To continue the comparision with previous years, this year we did really well despite (or in spite of) being away on holiday.

Annual comparision (without daycare or mortgage)
Feb
2 015  -$2 834,00
2 016 
-$3 696,00
2 017 
-$3 928,05
2 018 
-$4 837,51
2 019 
-$3 011,50
 
 (2018 was about $1000 higher due to travelling to Quebec that month and renting a car)

So actually our lowest spending February since 2015 and only a bit more, especially when you take into consideration adding a child and the other two growing up and also living in a larger house with more expensive utilities. Every month we can keep that up and life doesn't throw us unexpected costs I'll call a win. 

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