Has everybody have their fill of drama from yesterday's posts? Yes? Okay, moving on ... :)
Here is my November budget and goals. The first one with my new car purchase. I net about $2900/month, so as you can see from the spreadsheet below, I have the potential to save $1,300. Not too shabby!
Note:
- Car insurance - My car insurance is fully with ICBC at the moment. My plan is to drop down to basic coverage with ICBC and go with a private company for everything else. I just need to do more research and get quotes. I've heard that Coast Capital is great, so I'm going to give them a call.
- Travel - I don't plan on traveling next month, but there's $50 to play with if I decide to take a trip home, or if we decide to go hiking for a weekend.
- Clothing - I'd like to buy a thick black belt. I've been looking for one for a few months, but haven't had any luck. I think I will try thrift and consignment stores in my hometown to see what options are there.
- Work out at least 3x/week on my Wii. Ideally I'll work out every weekday morning at 6am. But realistically, I'm aiming for 3 days.
- Go for a hike. At least a day hike. J says he might be booked up for 2 weekends with work-related things, so timing is tough.
- Go rock climbing 2-3 times. We'll end up going more often during ski season, when we go skiing for a few hours, then climb for an hour right afterward. But until then, it's hard to get someone motivated to go. :)
- Plan Whistler ski weekend. We need to book by the 3rd week of November to get a really cheap deal for April. We're inviting a few other couples.
- Try something new. I'd like to try out a drop-in yoga class, or drop-in pottery, or floor hockey ... or some sort of fun activity. At rec centres, drop-in prices are usually less than $10. I don't want to sign up for on going classes because I already have a climbing and skiing membership, so drop-in is the best situation.
- $450 into Retirement Portfolio. Divided into RRSPs and TFSA.
- $100 into Emergency Fund. Getting closer to $5k!
- $200 into Savings Fund.
- $50 into Travel Fund. We've already paid for our next 2 trips - Vegas in December and Calgary in January. I have $1,000+ in my account right now, but I'd like to keep growing it instead of dipping into it for my spending money.
- $50 into Car Fund. I don't have to worry about maintenance at all, but I'd like to start saving for next year's car insurance.
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Lookin' Good - very smart to start a car fund already for things that may come up (including next years insurance)
(follower but first time posting)
Holy moly - I don't know what is in the air but blogland has been INSANE lately! Not only in the FP blogs but in health blogs as well!
The anonymous's are coming out of the woodwork - and they are so very cranky!
Congrats on the new car!!
Ouch, that car payment make my stomach churn.
I heart public transportion.
Try a step class for something new!
Duddes02:Unfortunately public transportation doesn’t work very well for me. For example, it would take about 5 hours round trip (4 transfers each way plus 30 min. of walking) to get to our climbing gym. We live about a 45 min. car ride to downtown. Public transportation works for people who live in the city, but we live far out in the suburbs.
And I’m okay with the car payments. That’s exactly how much I had planned on saving per month anyway towards the Car Fund.
seeing your car maintenance fund in your budget reminded me something to tell you...
when you get your car, you should try to drive under 3000 rpms, accerlate slowly and drive under 100 km/hr. at least for the first month or so. It'll be better for your car's transmission and engine in the long run. not sure if it's wive's tale (erm, husband's tale?), but the idea is not to push your car too much if it's brand new during it's first month.
The Asian Pear: That definitely makes sense because when I bought my scooter, I was told the same thing by my mechanic. Although I'm not sure if it's just the case with smaller engines?
Nice budget, and great goals! Hope you are enjoying the new car :)
not from what I was told previously. all motors, engines, etc... they need to be gently eased in. It's also a good idea that after the first month, that you take a nice long drive with it. nothing extensive. but a good 30-60 minute drive with not alot of breaking and halting.
When I bought my car new in '05 they told me to be gentle for a break-in period. It's a Jetta so I'd think the advice would hold true for your Suzuki.
For trying something new, you might be able to get into a yoga class on the cheap if you can find a studio that does "karma yoga." A lot of studios will do one class per week that's by donation to a charity and you can get in more cheaply than the usual drop in fee.
I should try to set some November goals myself, once I'm feeling better. I always like your goals.