{"id":583,"date":"2012-02-29T19:38:25","date_gmt":"2012-03-01T00:38:25","guid":{"rendered":"http:\/\/canadianbudgetbinder.com\/?p=583"},"modified":"2025-02-26T07:45:50","modified_gmt":"2025-02-26T07:45:50","slug":"february-2012-cbb-budget-update","status":"publish","type":"post","link":"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/2012\/02\/29\/february-2012-cbb-budget-update\/","title":{"rendered":"February 2012 Canadian Budget Binder Budget Update"},"content":{"rendered":"

How much did you spend this month?Well here we are again folks at the end of another challenging month for us. We have worked hard at making changes to our budget as we had found some flaws in our 2011 budget.<\/p>\n

We also went ahead and simplified the budget so we are putting away money each month for purchases we KNOW will happen this year. That way the money is saved bit by bit monthly and no surprises when it comes time to pay it. We also don’t want to\u00a0use our emergency savings for bills that are not an emergency.<\/p>\n

So here are our last figures for February 2012. \u00a0I thought we would be over budget after the 20x points event at SDM but we are on track. These darn events are amazing but can put a dent in our grocery budget. The good thing though is we only buy items we WILL need and WILL use so our future grocery bill will be less. You can’t deny that \u00a0Shoppers Optimum Points is the best loyalty program out there.<\/p>\n

One reader asked about our grocery budget and what it includes. My answer was all household cleaning products, pet food, health and beauty not including prescriptions. Thanks for the questions fans keep them coming in. \ud83d\ude42<\/p>\n

I also had a bonus for 2k this month so our monthly income has been inflated. My salary has gone up as I was given a raise as of end of February but I am waiting for actual figures.<\/p>\n

If you have any questions or comments feel free to ask. This is a new budget for us. We are working through it in March to fix any glitches we find and to get used to it. \u00a0So if it seems a bit wonky to you, have no fear the spreadsheet on our end is much more detailed. This is just a snapshot.<\/p>\n

We now have 3 accounts now so our January Net Worth and Budget figures have all changed. We realized we shouldn’t be saving money for items we know we will have to pay for in our emergency fund so we\u00a0separated\u00a0it. This way we have \u00a0a true figure for savings.<\/p>\n

    \n
  1. Chequing<\/strong>– This is where all the money comes and goes<\/li>\n
  2. Emergency Savings<\/strong>– This is where we keep our spare money for the time being<\/li>\n
  3. Savings<\/strong>– This is where we put all the money for items we know we will have to pay for at some point in the year ie: Christmas, Income Tax, Vehicle Sticker. That way the money is ready to pay for the bill.<\/li>\n<\/ol>\n

    Cheers!<\/p>\n

    Mr. CBB \ud83d\ude42<\/p>\n

    THE BREAKDOWN<\/strong><\/em><\/p>\n

    Monthly Budget Total<\/strong> $5000.00<\/span><\/span><\/p>\n

    Total Coupons Used<\/strong>: $164.61<\/p>\n

    Needs To Go To Savings For Budgeted Expenses: <\/strong>$528.83- These are expenses we know we will pay for throughout year and save monthly for.<\/p>\n

    Total Expenses Actually Paid Out<\/strong>= $3498.68 \u00a0Calculated is $4027.51-$528.83= $3498.68<\/p>\n

    Total Needed to Cover \u00a0Expenses Actually Paid Out and Budgeted Expenses: <\/strong>$4027.51- Calculated is $3498.68+$528.83=$4027.51<\/p>\n

    Actual Cash Savings Going Into Emergency Savings Funds<\/strong>:$3275.62 This is what is left after paying all the above $7303.13- $4027.51=$3275.62<\/p>\n

    Total Net Income: $7303.13<\/strong><\/p>\n

    Explanation of Numbers in Budget Below:<\/strong><\/p>\n