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Achieve invaluable insights from our August 2024 CBB price range replace. Find out how we use instruments to handle our funds and obtain financial savings.
Why I Share Our Month-to-month Funds
For anybody new to CBB, this briefly explains our month-to-month price range replace.
I sit up for placing this submit collectively because it lets us see the place we spend our cash.
A price range additionally acts as a diary to your bills so you possibly can look again to see success and failure.
Our price range replace additionally lets readers know that we aren’t excellent and should make modifications like everybody else.
We use the instruments (Free price range Binder), and I hope you might have downloaded your free copy.
Alright, let’s get into this.
Percentages For Our August 2024 Funds
Our year-to-date share chart is one other approach to chart our family price range.
August 2024 Family Funds Percentages
Financial savings of 50.55% embody investments and financial savings based mostly on our internet earnings.
Our life ratio is 22.81% and accommodates the whole lot from groceries, leisure, miscellaneous gadgets, well being/magnificence, clothes, and so forth., all variable bills.
Transportation is 2.03%, which covers gasoline, insurance coverage, and upkeep for our automobile, which is paid.
Our home and automobile are paid for, and we’ve zero client debt; nonetheless, we nonetheless pay property taxes and upkeep charges. In August, this price was 11.87%.
The projected bills of 9.48% can change based mostly on what we encounter month-to-month, similar to a brand new merchandise we have to save for.
Jr. CBB’s 52-Week Financial savings Problem
In December 2023, I began a 52-week Financial savings Problem for 2024 and requested my readers in the event that they wished to take part.
Beneath is the jar we created to save lots of the cash for twelve months.
Our son wished to take part, so he determined to save lots of his allowance or some other cash he earned.
He’s saving $5 weekly from his allowance within the financial savings jar.
In August, he saved $20 to place into his financial savings jar.
52-Week Financial savings Problem Replace
As of August 2024, the yearly complete is $170 in savings, which suggests he’s greater than 50% to fulfill his aim of $300.
He created a Moolah Jar label for his cash financial savings jar, which I assumed was humorous.
52-Week Financial savings Challenger Replace
Beneath is the report from a CBB fan collaborating within the year-long financial savings problem.
Hi there Mr. CBB, it’s me, TFSA saver.
I had a a lot better month of financial savings than final month once I missed my mark of $62 in financial savings.
This month, I used the $3.10 the rest on a present card (transferred the equal quantity to financial savings)
I additionally used $30 of PC factors and $10 of Rexall Bewell factors in the direction of my purchases ($40 proper to financial savings acct).
- I discovered a complete of .60 in my walks by means of the neighborhood
- Offered an merchandise for $10 on Fb Market.
- I bought one other merchandise for $16 in a buy-and-sell group.
- A present card was used for a big buy of $75 (and put the equal cash into financial savings)
Whole saved: $144.70.
I’ve scraped up all of the partially used present playing cards in my automotive and residential and intend to make use of them extra persistently within the fall as I’m unorganized in conserving monitor of them.
Possibly I need to create a printable present card tracker for the Funds Binder. Nice thought. – Mr. CBB
Grocery Meals Financial savings Jar August 2024 Replace
Why will we monitor our grocery reductions for all the 12 months?
Monitoring Our Grocery Reductions For One Yr + Free Printable
I’ll tally it on the finish of the 12 months to see how a lot we saved shopping for lowered meals merchandise.
Learn the 2023 Finish of Yr Grocery Meals Financial savings Jar Overview.
We saved $145.57 for August utilizing coupons, rewards apps, and Flashfood.
Up to now, in 2024, buying discounted meals has saved our household $1222.14.
August 2024 Funds Estimation and Precise Funds
Beneath are two tables: Our August 2024 Funds and our Precise Funds.
Our August 2024 price range represents two adults and a 9-year-old boy.
Funds Color Key: It’s a projected expense when highlighted in blue.
Since Might 2014, we’ve been mortgage-free, redirecting our cash into investments and residential enchancment tasks.
Spending lower than we earn and budgeting has been the simplest approach to repay our debt and lower your expenses.
This sort of price range is a zero-based price range the place all the cash has a house.
Estimated August 2024 Funds
We might not want all the cash we budgeted for in every class; nonetheless, keep in mind the quantity is just an estimate from the earlier 12 months.
Don’t overlook to price range for projected bills as a result of your complete month can fail resulting from not planning.
Precise August 2024 Funds
Our Canadian Banks
Breakdown Of Our August 2024 Funds Classes
Beneath are a few of our variable bills from August that I’ll focus on.
I forgot so as to add $45.00 for our son’s new Canadian passport to the August price range bills.
He was going to return to England with me to the funeral, however my stepdad didn’t need me to deliver him.
It’s an extended story, and sure, I used to be upset, however not less than his passport is up to date.
Clothes For Household
In August, I bought some garments for our son from Sportchek for again to high school.
Mrs. CBB bought a couple of gadgets on Amazon, similar to compression socks for strolling.
At Costco, we bought new socks for our son and Mrs. CBB.
Grocery Funds August 2024 Funds
Our month-to-month grocery price range is $900 plus a $25 stockpile price range.
I forgot so as to add Simply Proats $51.96 and Good Protein $95.86, which had been each missed on the Visa.
That complete of $147.82 ought to go into the grocery price range, which will likely be added in September.
We spent $1688.33, or $788.33, over price range for our August groceries.
Costco Grocery Purchases
Going to Costco in August pushed our grocery price range up over $522 as we stocked up for back-to-school and different gadgets we had been out of.
A few of the bulk meals purchases included;
- 2.2kg Salerno Mozarella
- Bran Buds
- Natural Pumpkin Seeds
- Nano yogurt drinks
- Starbucks espresso beans
- Sugar 4kg
- 9 packs of Pillers German salami
- Parmesan brick
- 2x Cottage cheese
- 2 luggage of Salmon
- Watermelon
- 6 cans of Tasters Alternative Instantaneous espresso
- Peanuts
- Peas and Fava beans
- 2 x B Free Tortilla
- 2x Bavarian Rye bread
- Bananas
- Rodelle Cocoa powder
- Dill Pickles
- 2 x Milk
- 3 x cream 10%
- Kraft Peanut Butter
- Kirkland 3-pack Greek Yogurt
Amazon Grocery Purchases
Additionally, there have been a couple of gadgets bought on Amazon, similar to sugar-free espresso syrup, Dare veggie crisps, unsweetened coconut chips, coconut oil, Italian Pistachio cream, kataffi, spicy chili crisp, Bragg liquid soy seasoning, Crystal Mild, and milk nut luggage for oat milk.
We additionally discovered a big worldwide grocery retailer in our metropolis that we weren’t unaware of.
Upon visiting, it took 2 hours to get by means of the shop, and we spent round $50.
Additionally, Mrs. CBB’s sister visited each weekend, which elevated the quantity of meals we bought, together with snacks and drinks.
Persistently, we’re seeing greater costs on the whole lot, which we really feel has been attributed to pushing the bounds of our grocery price range.
In fact, we are able to put the brakes on spending over price range, however 90% of what we purchase is on sale, and we stockpile if we discover a whole lot.
Nevertheless, since we’re debt-free, we let the extras slide into the cart with out fear, even when the merchandise are on sale.
Does that make sense? It’s not budget-smart since we’re imagined to comply with a grocery price range, however then again, if we lower your expenses, it’s neither right here nor there.
We are going to enhance our grocery price range for 2025 to accommodate elevated pricing and 4 journeys to Costco.
Honestly, that is in all probability our worst month for 2024, as there was an excessive amount of we wanted to replenish on.
We may have performed with out some impulse in-store purchases for 50% off.
Over time, the low grocery bills months typically balanced out the upper ones.
Will probably be fascinating to see the year-end numbers in a couple of months. I can’t consider how briskly 2024 has flown by.
You will discover all the web groceries we buy within the CBB Amazon Storefront.
Flashfood Orders August 2024
Please use the CBB code (see picture under) while you join Flashfood!
A bit of little bit of free bonus money for you and my little household.
Each one that indicators up will get a $5 credit score, a freebie Flashfood provides for brand spanking new app clients.
Additionally, Flashfood has added a small service charge to each order, which I really feel is appropriate.
Use my referral code, MOCD28ZN4, for a $5 credit score.
Your first buy should be over $15.
Sports activities
I’m on a roll for August, forgetting so as to add bills, so right here’s one other one. I paid $425 for fall and winter soccer for our son.
I missed this on the Visa, however right here’s why studying the whole lot is so essential.
I’m not excellent and make errors, so I’m clear once I weblog about our funds.
Well being And Magnificence
Our well being and wonder price range was $358.78 for August 2024, considerably lower than we spent in July.
Going to Costco in August was attributed to this price range class being over price range.
We bought bulk gadgets similar to bathroom paper, paper towels, Ziploc, collagen, toothpaste, and child wipes.
Two bottles of iron drugs for Mrs. CBB price $109 from Consumers Drugmart, which sounds outrageous, however they’re what she has to take.
From Amazon, there have been plenty of vitamin purchases from liquid vitamin syrup, prebiotic gummies, rosehip oil, Refill bottle hypochlorous acid, liquid vit D3, melatonin, magnesium glycinate powder, magnesium L-threonate, creatine monohydrate, and Palmolive dish cleaning soap.
Mrs. CBB additionally bought a 2-pack mattress protector for our twin king mattress, a shredded reminiscence foam pillow to interchange her previous one, and a hair bonnet.
Dwelling Upkeep
I picked up sealant from Canadian Tire to complete sealing the surface of the sunroom.
There was an important sale on Amazon for blackout curtains for our sunroom in August.
I bought 4 curtains and rods, and now we are able to get some reduction if the sunroom will get too scorching.
Our upstairs lavatory wanted new bathe hooks, as those I bought had been horrible.
The rings had been too tight and dragged throughout the rod, making a horrible noise.
The brand new ring set and cloth bathe curtain make the whole lot higher once more.
Additionally, we forgot our son’s water bottle whereas on a highway journey.
A cease at Canadian Tire to purchase a brand new Contigo bottle price us $19.99.
Lastly, I bought two electrical bug killers at Dwelling Depot since they had been on sale.
I’ve been watching them for a worth drop and grabbed them whereas the value was good.
I’ve one hanging within the storage to catch bugs in the summertime and wished one for the sunroom and within the yard as soon as I construct the brand new deck.
Pets
The pet bills go to meals, snacks, litter, and a go to to the vet for pictures and an oil change, haha.
All was nicely with the cats. Our ginger is a whopping 18lbs, and the black cat is 12lbs.
Canadian Tire Rewards Factors
Each time Mrs. CBB sees my Canadian Tire factors stability, she asks me what I purchased.
In August, I stocked up on oil for my truck because it was on sale, and sometimes, when, I’ll purchase a few jugs.
Different purchases had been small gadgets to complete tasks round the home, similar to spray paint,
All householders understand it’s simple to earn reward factors when shopping for housing supplies and automobile elements.
All of it provides up, so we squeeze each little bit of the extras out of those packages, together with when ordering on-line.
All Canadians Who Store On-line Please Use Rakuten
Do it for those who order something on-line and haven’t subscribed to Rakuten Canada.
Not solely do you get $30 money free from Rakuten while you use the CBB hyperlink, however you additionally get money again from 1000’s of on-line shops.
I’d by no means let you know to join one thing we didn’t consider in.
You may learn my full evaluate of Rakuten Canada if you’re nonetheless unconvinced.
We recurrently obtain cheques within the mail from Rakuten, which additional earns us cash.
For In August 2024, we acquired a verify for simply over $18 within the mail.
PC Optimum Rewards Factors August 2024
Since 2018, we’ve earned 8,768,000 PC Optimum Factors or $8,768.
Over the past 45 days, we earned the next quantities in August 2024.
We began 2024 with below 7 million PC Optimum Factors, at the moment have $7514, and are working in the direction of $8000.
What would you do with the factors? Share your concepts within the remark part under.
The method of saving them began after our son was born in 2014.
Between diapers and system, we amassed factors sooner than we may spend them.
Sure, we’ve redeemed many instances, however solely throughout their Mega Bonus Occasion at Christmas.
Beneath are weblog posts for anybody desirous to be taught how we earn PC Optimum Factors.
TD Rewards Credit score Card August 2024
Our TD Visa has a cash-back stability of $491.25, and I do know I’ve stated I’d take it out, however I haven’t.
I pledge that when the quantity hits $500, I’ll transfer it to the checking account.
It could be odd for somebody to learn that as a result of the place others would want that money again, we don’t, so we let it sit and develop.
I’m not sure what we’re ready for; maybe I’m lazy.
Dream Air Miles August 2024
Most factors are from our home and automotive insurance coverage, which provides Air Miles.
There was a degree the place we had to decide on Money Miles or Dream Miles.
Since my household lives within the UK, we felt the Dream Miles would have labored greatest for us.
August 2024 CBB Web Price Replace
Total CBB August 2024 Funds + Web Price Replace
I’ve had a couple of individuals e mail me about our mortgage and why we don’t have one within the chart.
After buying our residence in 2009, we paid it in full by 2014, which was not simple, however we did it.
Right now, we’ve $ in rewards factors from TD Visa, Canadian Tire, and Consumers Drug Mart.
In August 2024, our internet price elevated by $28,204.71, whereas in July, we realized a lower of ($21,956.92).
It went down and again up once more, plus what was invested in August, which is typical.
Our money and emergency financial savings nosedived at -4.36% ($8736.52).
Lastly, our son’s RDSP has been sorted out, and we moved over $5000 to the funding account, which the federal government will match.
I hope to see you once more to learn my September 2024 price range replace in October.
Please drop me a query or remark under.
In case you’re new, don’t overlook to subscribe.
Thanks for studying,
Mr. CBB
You will discover all of the CBB month-to-month price range updates from 2012-present in our library.