People are strange. It’s your money, You should feel free to spend your money on what you want. You are a gifts person, more power to you. You have focused on your debt payoff and are managing your money. Go you!
I was inspired by you to do an annual budget last year and I’m starting to save for my wedding in 2024 so I think an annual budget will be essential again!
This is an awesome breakdown. You justify yourself over and over, I’m sitting here like wow you’re doing so well….leagues ahead of many of us being so prepared. Imo a realistic budget that isn’t “I’m so perfect and throwing everything to debt and this and that….” Is so much more reasonable and will always have better outcomes than the unrealistic and strenuous budget that will only work if you are solid as a rock. Which I am not fyi. 😂
CONGRATULATIONS on being debt-free!!!! 👍👍👌👊👏👏👏🎉🥳😎🤩 I have been following you since July 2021 😉I am truly so so happy for you! Way to go, girl! It proves that with determination and stick-with-it ness, you can accomplish EVERYTHING! Just like @Bee42Sad, I came here this morning (Feb. 2024) to recommend you plan a looooong term sinking fund to eventually replace your car. The *LAST* you'd want to do is finance a $40K car over 5/6/7 years at a ridunculous interest rate. The days of 0% financing for cars are looooooong gone! And also to plan for life insurance (if not included in your benefits package at work) and critical insurance (for health care assistance such as longer term illnesses like cancer). Better to do it now while you are not yet 30, you lucky girl! (I'm 56... Old enough to be your Mom😁🤣). I wish you all the best for the future! I have no doubt you can move mountains now that you know what it takes to do it (edited for spelling). Love from Ottawa
This is a great annual budget Amelia. Now that you are debt free, you have flexibility to spend on what makes you happy. The TFSA makes sense until you get into a higher tax bracket. Happy Holidays.
Curious if you contribute to a retirement fund via your job as well or is your only retirement savings the TFSA? That is super nice that you never lose access to that amount you're allowed to put in, wish that was the case with our retirement funds in the US.
Your investing less than 3 percent of your income to retirement and you've struggled to not spend cash savings in the past. You might want to consider shifting some of your savings goals.
Great setup. I personally put into my rrsp so I’m not tempted to dip into it, plus I know tax wise I’ll be at a lower bracket in retirement. I’m contributing a bit to my tfsa though that’s meant to be used when I retire though. 💕
60$ a week for groceries that’s not a lot . That’s great you can only spend that much . Thanks for the video I find the annual budget interesting and motivating
If you use your full estimated TH-cam income of $100, and your tax refund for TH-cam, shouldn’t your income from TH-cam be only 70% of the $100 per month? Or, you need to show that you set aside the 30% each month. Just a thought, I may have misunderstood what you were saying.
Do you have a paid off car? If it is older you may need to start saving up for a car fund (repair or replace)
People are strange. It’s your money, You should feel free to spend your money on what you want. You are a gifts person, more power to you. You have focused on your debt payoff and are managing your money. Go you!
I was inspired by you to do an annual budget last year and I’m starting to save for my wedding in 2024 so I think an annual budget will be essential again!
This is an awesome breakdown. You justify yourself over and over, I’m sitting here like wow you’re doing so well….leagues ahead of many of us being so prepared. Imo a realistic budget that isn’t “I’m so perfect and throwing everything to debt and this and that….” Is so much more reasonable and will always have better outcomes than the unrealistic and strenuous budget that will only work if you are solid as a rock. Which I am not fyi. 😂
Seeing a yearly overview is very eye opening and helpful.
Enjoying your vlogmas 😊
CONGRATULATIONS on being debt-free!!!! 👍👍👌👊👏👏👏🎉🥳😎🤩 I have been following you since July 2021 😉I am truly so so happy for you! Way to go, girl! It proves that with determination and stick-with-it ness, you can accomplish EVERYTHING!
Just like @Bee42Sad, I came here this morning (Feb. 2024) to recommend you plan a looooong term sinking fund to eventually replace your car. The *LAST* you'd want to do is finance a $40K car over 5/6/7 years at a ridunculous interest rate. The days of 0% financing for cars are looooooong gone!
And also to plan for life insurance (if not included in your benefits package at work) and critical insurance (for health care assistance such as longer term illnesses like cancer). Better to do it now while you are not yet 30, you lucky girl! (I'm 56... Old enough to be your Mom😁🤣).
I wish you all the best for the future! I have no doubt you can move mountains now that you know what it takes to do it (edited for spelling).
Love from Ottawa
This is a great annual budget Amelia. Now that you are debt free, you have flexibility to spend on what makes you happy. The TFSA makes sense until you get into a higher tax bracket. Happy Holidays.
Curious if you contribute to a retirement fund via your job as well or is your only retirement savings the TFSA? That is super nice that you never lose access to that amount you're allowed to put in, wish that was the case with our retirement funds in the US.
Your investing less than 3 percent of your income to retirement and you've struggled to not spend cash savings in the past. You might want to consider shifting some of your savings goals.
It will depend if work is provides something for retirement benefit or not.
great video
Great setup. I personally put into my rrsp so I’m not tempted to dip into it, plus I know tax wise I’ll be at a lower bracket in retirement. I’m contributing a bit to my tfsa though that’s meant to be used when I retire though. 💕
Same! And transfer the tax refund into my TFSA. It's not much, a couple hundred dollars yearly, but.... still better than a kick in the teeth 😁
60$ a week for groceries that’s not a lot . That’s great you can only spend that much . Thanks for the video I find the annual budget interesting and motivating
If you use your full estimated TH-cam income of $100, and your tax refund for TH-cam, shouldn’t your income from TH-cam be only 70% of the $100 per month? Or, you need to show that you set aside the 30% each month. Just a thought, I may have misunderstood what you were saying.
You don't have to justify your spending to us. Everyone prioritizes different things!
I pay for kindle unlimited up front for $172.66 which makes it a little over $7 per month. US dollar amount sorry I don’t know the conversion.
How? Mine doesn’t give me the option! I’d prefer to pay most bills annually if I could!
Wouldn’t that be only $94 if it was $7 per month? Or do you do multiple years?