Spending Re-cap: May
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.).
May's spending was bumped as it was time to pay our property taxes. We do this annually, putting aside the money ourselves rather than letting the bank do it with our mortgage.
Here are the numbers:
Total spending (minus daycare and mortgage): $7582
Notable costs for this month were property taxes ($3941), gifts for others, repair of my serger, bought a bike for my oldest son as he outgrew his old one. As for the rest, I'm realizing I'm updating this a bit later and can't remember. Mostly things from Canadian Tire which I believe was a new mop, some garden supplies and some things for the trailer.
Cumulative savings is still sitting at 38%.
Comparing with previous years:
|Annual comparison (without daycare or mortgage)||May|
|2 015||-$3 826|
|2 016||-$6 433|
|2 017||-$7 537|
|2 018||-$6 772|
|2 019||-$7 582|
May is another expensive month for us now with our property taxes due (starting in 2017), and will likely continue for the next couple months as we do a few extra activities over the summer.
Average monthly spending to date for 2019 is sitting at $5 436, putting us a little higher than our average over the last 5 years. To be determined if we can get this back down a bit. I'll be focused more on the savings part until I get back to work.
Where we are sitting at for our percentages spent: