What I Spend in a Month [Monthly Money Recap July 2023]
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- เผยแพร่เมื่อ 27 ก.ค. 2024
- How do my expenses compare to yours? As we say in Toronto, "Don't move here. It costs $100 to breathe the air."
Let me know in the comments if you would like to see this as a monthly series!
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Do you want this to be a monthly series?
Yes, please!
yes! or at least frequent
Yes please
Monthly or atleast reoccuring!
Yes please
Nicole, you aren't "lucky" to have no car payment. You are wise and chose accordingly. Don't diminish your good choices when so many make poor choices. It's all about priorities.
It’s also about having the information to be able to make good choices. And that is a privilege. I was taught not to take on debt as a kid. For many families, a car payment is very normal and all they’ve ever known.
@@AccordingtoNicole Definitely agree but at some point we all become responsible for ourselves. I see so many people say they can't do this or afford that while they would be easily capable of it if that was their priority. Of course, I'm not referring to those struggling to survive but there are an awful lot of people who have a hard time because they care what others think or think they deserve things. I sometimes feel like living standards have become downright absurd. Love your channel and it's good to see younger people embracing some of these principles 💜
No she is smart enough to know luck matters.
U.S. healthcare for myself and wife (63) is $1500 a month. That’s for a retired Arizona police officer. No, healthcare is not provided for most law enforcement jurisdictions.
$2,800 all in on housing is a MAJOR deal. I live in NYC and my rent ALONE is 2K
I don't know why I got super excited when you said you went on a date 😂. If you call and complain to Rogers about the service and tell them you are switching to Bell they sometimes try to work out a deal with you for cheaper payments. They hate losing customers to each other!
Loved this video. I live in Seattle and with Rent and keeping my expenses as low as I can I spend about $3000 in total a month. Thankfully I found an apartment were the rent is income based. I am a single mom. I’d say the places where I over spend are on coffee out but for my sanity I find value in it. And I of course will spend over to have a fun experience with my child. I splurged and bought him a bike at Christmas and so now I chase him around our neighborhood. Time with him and activities like reading and going to library and parks are a huge gift and require no money. I also want to say that my child needs his own room as he’s growing up and my bedroom is in the living room. Lol. Just for some context. I really enjoy your videos! Thank you. ❤
I love utilizing my library to read for free as well. :-)
I’m with you on the no pet insurance. I never wanted to have an insurance company decide what I can “pay for” and what I can’t so to speak. We just decided when our old dog was young to put the money we’d spend on doggo insurance into her own “bank account” 😂. Up till she was 10 we really didn’t need to touc it. Very fortunate but no regrets on no insurance if I’m honest, even w our second more problematic pup !
Edit: damn your doggo so cute !
I like your videos because you are more about value than just being cheap. Can't stand youtubers that want you to live in a cardboard box and re-use dental floss.
This would be a great series monthly. I need to work on my own budget so this has helped me think about my own financial situation.
Thank you so much for sharing! It really helped show me just how much money I waste, especially on food. I’m single and budget for $400 a month in food and still end up going over because of eating out and getting coffee out. I’ve reached the point where I’ve gotten tired of my own shit and realized how much I need to actually stick to my budget and focus on making 90% of my food at home.
It’s SO much cheaper to cook at home.
Wow! Good job on groceries. Maybe you could do a video on how you manage to keep it so low.
I live in an area of the States that is comparable to your cost of living. I live in a single family home in a beach area. I purchased my home 10 years ago. I support one other person and a 11 yo. dog. My expenses are about $5,000. That leaves no room for vacations, extraneous shopping… I am frugal in all areas but food. Entertainment is eating out and take out. I need to rein it in. My health could benefit from discipline in this area too.
House - Free (near £400)
Transportation - Free(bus pass for all across England)
Food - £200
Toiletries /Household - £30 +£140 electric and gas
(up then down due to inflation, but it's fluctuating so I can't give you the exact amount) last bill was £140
Internet /TV and Phone - £52
Health - £5
Misc - £20
I'd love it to be a regular monthly series please. I have trouble managing those unexpected costs that crop up during a month, particularly social ones.
Really enjoyed your breakdown. I love budgeting myself and am always fascinated by other’s budgets. I wish there wasn’t such a stigma attached to talking about money. I live in Ottawa and your expenses seem pretty normal to me. Would love to see this as a monthly feature!
Yes, it is. I live in the US so it’s different seeing her costs in Canada. Housing seems to be a lot there. But she does add in several things so idk. I added mine in a comment and gave the separate utilities as well as mortgage (which includes the taxes and insurance).
“Frugal & Wise” what a concept! I’ve learned a lot from this young woman…….and I’m a boomer!!
Thanks for sharing! I always get curious on other people's spending! I'll share mines, I live alone in a good area in Berlin/Germany, and have a 500sqft brand new appartment:
Housing (everything included, even electricity): 1350€ (around average for the location, it used to be a way less, 5y ago nobody paid over 1k for an appartament like mine in Berlin)
Health Insurance: 300€
Transportation: 49€ (public transport ticket valid all over Germany)
Grosseries: 180€
Household: 80€ (had to buy a new coffee table)
Restaurants/entertainment: 170€
Phone/internet: 45€
Other insurances: 40€
Shopping/misc: around 400€ (bought some electronics on prime day, not usual spending haha)
Total: around 2600 or 2200 without the prime day splurge, minimum wage in Germany is 12€ an hour just for comparison
(so I'm a little over the budget if I just got a minimum wage but minimum wage workers also pay less on health insurance)
It's fascinating seeing what people pay for things in different places in the world. This is a great series. Thankyou for doing this. :)
Nicole your videos are so soothing and to the point. I really like that. 😊
I always feel that content like this is none of my business but that is just me! If content like this is made I still watch it!
Okay, the other day I made a comment on your video about Millennials and working and real life. But I kind of admire you in a way because you're actually a TH-camr that actually has a real job. Kudos to you, I'm glad to finally see the first TH-camrs that I've seen in a long time that actually has a real job. TH-cam, is basically second on your list. You have a lot of motivation keep it up, you're doing a good job.
I appreciate you sharing with us the real budget for yourself. It makes me stop and think about my budget and where I can improve. I like that you have clear priorities and spend accordingly. I live in San Diego, CA and my budget is far less, but my home is paid off. If I was making mortgage payments, it would be much like your expenses. Please continue to budget with us once in a while. It is an opportunity for us to learn 😊. Take care.
I really enjoy your content! Adopting a minimalistic/frugal mindset has set me free.
Yes please as many videos ad you. You provide us with a fresh and real perspective of all tbings money and spending etc.
I live in Stockholm Sweden and my rent + everything is about $550 a month.
My rent is crazy low though, average rent is usually about $200 more for just the rent.
I really like the idea of showing us your monthly expenses! Pretty much your expenses fall in line with ours here in ohio , thanks for sharing
Hi Nicole, thanks for this video about your expenses for July. I really like how you have organised your categories and, after seeing yours, I am considering changing ours to a similar framework. This will mean that we make some extra effort to divide household items such as toilet paper, paper towel etc from the grocery bill by buying them in some other way or separately at the check out (we will have to see what is easiest). We don't have a Costco nearby and I know that you have to be careful with that as it is not always cheaper. Toiletries are another item that, for us, sometimes get muddled into groceries and other times into our medical/health category as we sometimes purchase them at a chemist when we are buying medical products because it is convenient or because there is a deal going. Wee buy wild bird seed and have an outdoor fish pond which cost us some money each month, and the pond has had one large repair done a couple of years back, but as you say, they bring so much joy to our day-to-day lives. It is great to see how others structure their expenses tracking and I thank you for opening up to us about yours. See you on Tuesday.
Great video.❤ I live in Slovenia and here the costs are much lower. Salaties are also lower.
I earn half less than you had expenses this month.
I can definitely relate to being house poor after buying a house earlier this year in south FL (also a high cost of living area). But my husband and I don't spend a lot outside of our needs. No car payments, but I do have some student debt (that fortunately my company helps reimburse the majority of it each month). We eat out once a week. He has a company car so gas is paid for and I'm basically a hermit because I work remotely. 😅 Our 11 year old cat had a lot of health expenses but sadly she passed a few weeks ago and our 7 year old pup is a healthy girl. No kids currently. I'd say we are in a pretty good position. I would love to refinance when the economy is in a better position however. 😊
Yes, this is very helpful to see how to stay on budget and where to Categories the budget
looking forward to Tuesday!
Portland, Maine USA - similar cost of living.
Great video. 👍
yess, more of these please
Great video. I’m new to your channel and just subscribed. Amazing that your grocery bill is so low, do you have another video where you break that down. I’m vegan too but I am struggling to get my grocery bill under AUD$20 per day but I am often cooking for myself and my wife.
Yes, staying in my home is something I value. My home is paid off and much cheaper, but I'm in a small, rural town in the USA..
My rent on a small flat in the midlands in england is £550 a month (cheap). With all bills its about £900. But then my salary which is quite a good one for my area and job role is £25k, i take home £1700 a month.
It is so interesting to compare.
I enjoy seeing what others expenses are. We bought a condo this year. We live in Delaware USA. Our mortgage, taxes, insurance,and HOA run us $1863 a month. Rents for our area are from $1600 to $3500 depending on what kind of home, condo, or apartment you need. Our mortgage is higher than what we were paying in rent but it’s so nice that it’s ours and I can do whatever I want to it. We spend about $4500 to $5000 a month total. Your numbers seem pretty really good since your housing is a lot more than ours. Levi is one lucky pup to have you as a mom. I think you are doing great.
Your housing numbers are quite close to hers given she lives in Canada and I'm assuming she is putting Canadian $$ in her video...
Damn that’s a lot of money for living simple. Here in Vegas I own a house, 5 registered and paid for vehicles and among other things, don’t spend anywhere near what you spend on housing alone! And no it’s not a dump. Lol.
She is talking in Canadian dollars...
And thank you for sharing these things about Levi’s care! He’s so cute and seems so content! 😁
I never want your videos to end. I could listen to you all day. Yes a monthly financial recap would be awesome Nicole. Two videos in one week??? You’re spoiling us girl 🫶🏼.
I finally owned my own house at 56! But what a bargain! Rental on the properly brings in $500.00 a month and my 4 1/2 % interest mortgage is only $859.00 a month! Not in a metro area though!
Always love your videos
i’m in chicago & pay 2300 USD for my spacious and updated apartment, we love it, it feels like a home. that’s with an extra $100 / month for a shared garage that we share with one other person. we actually are moving and have seen our apartment on rental sites now going for $2600!! yikes… we will be moving to middle of nowhere Erie, PA and will be paying $1350 for a two bed townhouse w attached garage 😂 we can’t wait!!! lol. and we can’t wait until we finally own our own home…. so tired of giving money to landlords 🥺😭
I'm a very happy subscriber.
Thanks for sharing your expenses in the monthly and overall way! I think it's very helpful and good to add to your other content. Me, I live in what was once a LCOL city (Tucson, AZ), but recently has gone up quite a bit. I also live very centrally and by the University. But, I house hack - own a duplex and live in half, so my numbers are very unusual and hard to quantify. Like, I have low monthly you cost on paper for housing but I manage all the costs for both units and thats a large liability for if things like plumbing or HVAC have problems, as you know. For transportation I'm also very unusual in that I choose to not have a car. I have tradeoffs in both these areas that majority would not accept. For food the big cost for all places is eating out vs cooking almost all your meals. For many reasons my numbers would not be representative of the average. Maybe by your next monthly I'll have come up with some figures and share them.
This was so interesting. When I lived in rural Georgia, my mortgage was $728 (3br/2bath home + 1 acre of land). Now I live in a college town in WV and our mortgage is DOUBLE with practically no land.
Loved this video Nicole.
Very smart! Good life choices that we can all learn from.
I live about 40 minutes from Victoria in a semi rural area. I pay 1170 rent for a 1 bedroom duplex rancher that was built in the 70's. Gas where I am on Vancouver Island is $1.94 a litre.
I thought housing would be well over $4500, ur doing great!!
There would be NO way I could afford that.
Thank you, very helpful Nicole!😊
Great video Nicole, this would be a great monthly series for sure. It looks like you are doing a great job managing your money in an expensive part of Canada. Would love to know your thoughts about the push towards electric vehicles. It seems the cost of an electric vehicle is out of reach for most average Americans. It seems the electric vehicles that are being manufactured is not for the "average" consumer and instead would require a huge amount of debt to purchase one. I drive a ten year old Toyota and would not be able to afford the electric vehicles that are on the lots. Wondering your thoughts on that.. thanks again for a great video
I don't have a traditional house. I'm in a shed to house and payment around 400 a month but it isn't finished so living in and renovating
*I'm in Mississippi
Omg $400 a month is less than most people’s car payment
@@AccordingtoNicole yes! I actually just paid off my car and that payment was around 400 a month
are you comfortable?
I can’t relate to those housing costs. The average around here in about $1600. , but I live in a rural area.
If you are saving money and investing, eventually you’ll need a newer car and you will be able to cover it, even if it is making payments. When you pay off your mortgage, you will feel rich. But if you continue to save and invest you really will get rich by not having a mortgage. Renting is for people who can’t envision themselves ever paying anything off or saving and investing. I’ve found that people who rent are people who are concerned with what others think. They are constantly looking around for consensus and validation. If you want to live like no other, than you have to not give an f what others are doing. Stay busy, have a goal and don’t let anyone derail you.
I live in a 1147 sq. ft. condo 40 miles outside of Chicago and my housing cost is: $1,890 (mortgage, home insurance, HOA, Utilities)
I fudging love you so much 😂😂 if only my friends were like you lol I’d be so grateful ❤❤❤ but I am binging on your videos and I am so happy that I came across your channel 🎉 I was sooo down and you’ve changed my whole entire attitude for the day so thank you beautiful 😊😊😊
Im becoming frugal and i love it.
We sold our house and started renting a 3 bdrm apt temporarily for $2200 in a decent area. If I found a 3 bdrm 10 mins away which is where I’d prefer, it would easily be $3k…
Levi is great value compared to your housing and car expenses ❤️❤️
You mention in another episode about the many failings of public schooling, one cruel one being the lack of financial education, this as a series together with motivated viewer comments would be very helpful filling in that gap.
So, as Oliver Twist may have said: "Please, may we have more".
I live in the middle of California. Where we live the median house price is $283,000. My house payment with taxes & insurance is $1800. It is regularly over 100 degrees here so we have Solar & that is $229.00 monthly. Our food for 3 people is $750. and we love to eat & make healthy, yummy food. For Costco supply runs I allot $80. monthly. Our cell phones are $29.99 for two. Cable, internet & home phone is $260. monthly. Our budget for pets is $230. monthly but we have 2 older cats & will raise it to $330 monthly. Our 2 cars are paid off. Our one splurge is vacation savings & we save hundreds of dollars monthly for that. With the cost of eating 🍽️ out so much we don’t go to restaurants very much any more.
What phone company are you with, that allows you to pay $29.99 for two cell phones?
Spectrum for 12 months. Now it is $59.99
Great video! I would like more of the same. Looking forward to your other video coming on Tuesday!
We live in the New Jersey suburbs and the cost of living is fairly high being in between NYC and Philadelphia. We don't rent, but the average rent here is about 2,500, so comparable to where you are.
We are homebodies, so our home is very important to us as well. We put a lot of work and expense into our home and it makes sense since this is where we spend most of our time.
We have 3 cats and pay about $350 per month on pet insurance. We have one cat with vestibular issues and one who is a cancer survivor who needs routine checkups and maintenance chemo. We could put the money away in a pet fund, but this just makes sense to us. If they suggest an expensive test which may or may not help, it's a no brainer. We just get it done. To us, the expense is just worth the peace of mind.
Vaasa, FI $325 including parking space, water, heating, internet, sewage, trash, snow removal, etc. I have no mortgage and property tax is non existent, own land. While Vaasa is not a major city but a big enough city with public transportation, bike lanes, clubs, bars, beach town, universities, airport that fly directly to major cities like Paris, Copenhagen, Stockholm, even SFO, Oslo, etc. it would cost me the same in Helsinki if I were to relocate around $325 a month for housing because I choose to buy a home with cash.
I make what you spend in 6 months I'm on a fixed-income and I could live like a king on what you spend in a month.
Actually when you said mortgage total, I was like oh that's pretty reasonable. Now IDK how big your space is or rooms, but for something that is your I don't think that's bad and it will go down when you pay off your line of credit. I also live in NYC, so maintenance is right now on most things that I can afford is to buy at least 1k. I'd want at least a 2 bd and that's close to 4k.I pay 1600 for rent in NYC for a 1 bedroom, but it's also rent stabilized and v updated. I got lucky.
I live about 35-45 minutes from Kansas City in the US.
My mortgage is $600 a month (this includes the taxes and homeowners insurance). My house is 3 bedroom (1124 sq feet)- adding this because housing varies a lot depending how big your house is, how nice it is, and your neighborhood (my neighborhood is okay, but not in a rich part of town at all. And it’s a duplex, not a standalone house). If I add in utilities with it like you did (gas-$86, electric-$65, water-$100.27), then it totals $851.27 a month (though there are 2 of us- my boyfriend and I). Unfortunately I also have an HOA. So that’s an additional $50 a month for HOA costs and for 2023-2024, HOA insurance of $827.50 (yearly cost and it’s billed to us yearly). My car insurance is $93.10 a month (full coverage. My car is 6 years old and it’s paid off). Cell is $93.33 a month (just me on the plan). Internet is $76.98 a month.
Now that my work made me go back into the office (43 minute drive each way and I work 4 days a week) that’s about $28 per week in gas for my car (to get to and from work only; no other driving).
My boyfriend lives with me and we budget $800 a month towards groceries/TP (though he really only eats at home for dinner as he eats out for lunch while he’s at work M-Fri and he pays for that out of his own money. And we eat out dinners 2-3 times a week (on weekends ) - also not included in the grocery money (we take turns paying for eating out. He pays 2 times, then I pay once, then it’s back to him paying for us to eat out twice - this is due to he makes a lot more than me though not quite twice as much as I do (I’m a state employee and he’s a computer programmer).
It looks like $851.27 in US would be 1,143.04 in Canadian Dollars.
To compare a bit more. It looks like her place is 3 bedroom and 2.5 bath? And 1850 sq feet. So her house is quite a bit larger than mine.
And I only have 1.5 bathrooms. My place isn’t as nice as hers is either (before or after her renovations). So this is probably part of her increased housing costs over mine as well.
(Her housing costs alone is just a bit less than 40 hours a week at my job pays for my take home pay). I wouldn’t be able to afford her house on my pay (when converting her house costs to US money and what I make) as it would only leave me like $200-300 a month for anything else.
Unfortunately, due to health issues I’m not currently able to work my full 40 a week either (I have FMLA-family medical leave act- which allows me to miss some hours at work when my health issues are bad.
Where is the savings category? You have mentioned in other videos savings and investments however, it isnt included in any of your categories that I can see.
You are doing great Nicole. I live in Long Island, New York and my mortgage alone is $4100. Your home is beautiful, I’d trade if I could 😄
What do you do for a living, to be able to afford a $4,100 a month mortgage?
@@kstayblessedI’m a Family Nurse Practitioner.
I live in a small city with a roommate and my share of the rent utilities and internet included is $700 a month.
I live in Lisbon, Portugal and pay €550 for my rent.
I notice you don't have any streaming services
2800… that’s insane. 😮
Love these breakdowns. But did you leave out a huge category...Savings? Long term, trip, retirement. Short term, new appliance, car fix. Specific savings categories? Or just not saving right now? It's the big ticket or unexpected costs that I see throw most people into credit card use.
So true. That's why an emergency fund is a must. You don't want your budget to be derailed by something like a car repair or dental emergency.
She mentioned in a reply that her savings and investing amounts fluctuate from month to month.
Can you share how to start a business and the costs? And tips for starting a buisness?
Step 1: find something you’re good at
Step 2: find people willing to pay you for that thing
Step 3: profit
Do you plan to live in Canada forever or do any other places call out to you?
I love you when you cuss😂
I do it a lot
@@AccordingtoNicole are you on FB?
@@AccordingtoNicole my dog barks at Levi when you are on.
Yeah, where Iive, spending 4k a month is insane lol.
You have to watch your last dollar or you'll lose your last million! Budgeting is the way to go!
I’m a home bird too and don’t mind spending money on my house! Look forward to the next video…
Please continue with this series, it’s interesting knowing expenses in another country. I’m in the UK. What is your surplus at the end of the month and do you invest this or pay extra toward your mortgage?
Because I’m self employed my income fluctuates wildly and therefore so does my surplus.
V-gang!
✌🏼 🌱
What do you do for a living?
I assume the amount shown is canadian dollars
Hi, I have something to ask for a long time. What do you do for living?
As little as possible
Are these figures CAD or USD?
🇨🇦
This calculation is this Canadian or us dollars?
Canadian.
&50k a year is outrageous
❤
Definitely want to see this each month. Very good video.
You are really cool ^^
Nicole your weird/unique and i just wanted to say i love you in a not creepy way more in a fan kinda way
Your housing costs are typical to my area in suburban Knoxville, Tennessee, considering the USA to CA exchange rate. Yeah, it’s helpful to put numbers to the message so I want this to be monthly. Give it a try and see what happens.
Little Rock, Arkansas - my rent for a 1250 sqft single family detached home is $800.
I live in Seattle. For a 1b/1ba 800sqft, I pay $2600/mo 😭. Owning a home seems so far away.
Geez. That’s a lot. I actually bought my place (I’m about 35-45 minutes from Kansas City). And tbh my mortgage is cheaper than 3 bedroom houses rent for here. Though if things break, I have to figure it out myself (I did have to play a plumber twice this year. $696 total). And since living here I had to pay repairs for the Ac two times, then replace it (wish I would have realized how old it was and just went for a new one the first time it needed repairs as the repairs both times were more than half what a new unit cost me (for it and to be installed). Then the heater had issues and I had to pay for a new heater and it to be installed. Luckily, those are the main repairs I’ve had done since living here for like 4-5 years. Though I did have the outside of my place painted twice too (unfortunately I have an HOA and if they come inspect, I have to get anything done that they say- hence the painting the outside of my place twice. ).
😮😊
if the date didnt work, im avbl lol
Your housing costs are definitely a fantastic deal for a detached house in Toronto. My 2 bedroom condo in North York can get $3,000+/mo rent in today's crazy market. Btw, you didn't include a savings/investing category in your spending recap. Do you allocate a fixed amount per month for RRSP or TFSA?
First! I think… 😁
Yes you are!
Can we be friends on FB?
@@stephentabler6876 no