Estimated studying time: 18 minutes
Be a part of us as we evaluate our January 2025 dwelling price range for a household of three dwelling in Ontario, serving to you perceive your bills and enhance your budgeting methods.
Learn our Finish of the Yr 2024 Funds Replace for extra background about creating our 2025 finance yr.
Lastly, a bit documenting the CBB followers collaborating within the 2025 Meals Funds Problem is new for the price range replace.
Earlier than we start, the Free 2025 51-page Funds Binder is prepared for obtain!
Why I Share Our Month-to-month Residence Funds Replace
For anybody new to CBB, this briefly explains our month-to-month dwelling price range replace.
First off, in the event you’re an individual who desires to be taught the best way to create a month-to-month price range, you’ve come to the suitable area.
Budgeting places you accountable for your cash, that means you’re the finance boss.
That’s a major position if you wish to preserve your organization afloat.
I look ahead to penning this submit because it lets us see the place we spend our cash.
A price range additionally acts as a diary on your bills so you’ll be able to 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’ve got downloaded your free copy.
Alright, let’s get into this.
Percentages For Our January 2025 Residence Funds
Our year-to-date share chart is one other approach to chart our family price range.
January 2025 Residence Funds Percentages
Financial savings of 59.30% embody investments and financial savings based mostly on our web revenue.
Our life ratio is 21.91% and incorporates every little thing from groceries, leisure, miscellaneous gadgets, well being/magnificence, clothes, and so on., all variable bills.
Transportation is 2.07%, which covers our car’s fuel, insurance coverage, and upkeep, and holds no debt.
Our home and car are paid for, and we have now zero different debt; nevertheless, we nonetheless pay property taxes and upkeep charges.
The projected bills of 9.78% can change based mostly on what we encounter month-to-month, reminiscent of a brand new merchandise we have to save for.
January 2025 Residence Funds: Estimation and Precise
Beneath are two tables: the January 2025 Residence Funds and our Precise Funds.
Our January 2025 Residence price range represents two adults and a 10-year-old boy.
Funds Color Key: It’s a projected expense when highlighted in blue.
Since Could 2014, we’ve been mortgage-free, redirecting our cash into investments and residential enchancment initiatives.
Spending lower than we earn and budgeting has been the simplest approach to repay our debt and lower your expenses.
This kind of price range is a zero-based price range the place all the cash has a house.
Estimated January 2025 Residence Funds
For January 2025, the estimated dwelling price range was $8390.29; we used $7543.02, spending $847.27 lower than our approximation.
We might not want all the cash we budgeted for in every class; nevertheless, bear in mind the quantity is just an estimate from the earlier yr.
Don’t neglect to price range for projected bills as a result of your month in the event you fail to plan.
Precise January 2025 Residence Funds Bills
Word: I simply observed I tousled some price range class titles. It doesn’t have an effect on the bills, though they need to be standardized. I’ll repair that for February.
Present Canadian Banks We Use
January 2025 Residence Funds Month To Month Replace
Our emergency financial savings elevated by 329.63%, which primarily got here from investments.
As anticipated, our precise bills decreased by -29% in January resulting from it being after Christmas.
Lastly, our revenue for January was barely increased at +16.5% than December 2024.
All the time anticipate to see modifications from month to month, as that’s completely regular.
Abstract: January 2025 Residence Funds Classes
Beneath are a few of our variable bills from January 2025 that I’ll talk about.
Groceries
Our month-to-month grocery price range is $960 plus a $25 stockpile price range; we spent $1118.09 in January.
In 2024, our grocery price range was $900 month-to-month, however with worth will increase, we calculated an additional $60 month-to-month or $720 yearly.
Though we deliberate on a low-budget month for January, we discovered too many offers to go up.
The concept for 2025 is to spend much less shopping for meals that sit round and extra that we eat and replenish until it’s at a stockpile worth.
An instance of this could be the milk we bought via Flashfood, which I element under.
While having a well-stocked pantry is good as we age, a minimalist life-style is extra interesting.
We’ve since modified a part of our eating regimen, including higher-protein meals and a low-carb/keto life-style.
Since we began monitoring our grocery purchasing in 2012 on this weblog, we’ve at all times carried any overspending to the next month.
For January 2025, we overspent by $158.09, that means our February price range will likely be $801.91.
For February, as a substitute of getting a $900 grocery price range, we could have
It’s also possible to discover all the net groceries we buy within the CBB Amazon Storefront.
Varieties Of Groceries We Purchased
In January, we bought just a few issues we don’t sometimes add to our basket.
For instance, our son was launched to Pillsbury chocolate chip cookies at his godmother’s home, which price us $3.99 on sale.
We stocked double-packs of natural, grass-fed beef at Zehrs for $8.88.
I checked the worth of Zehrs common, lean, and extra-lean floor beef, and the natural, grass-fed was cheaper.
Our son drinks PC apple juice not-from-concentrate, so we stocked up on the retailer.
Typically, we discover a lack of inventory, so we get it once we are there so we don’t should return it.
- Franks Purple Sizzling Buffalo Ranch Sauce 50% off
- Starbucks Espresso Beans (Giant bag) 50% off
- Corned Beef sale $3.99 stocked up
- Further-old Cheese bars sale $4.88 stocked up
- Ginger Carrot Dressing 50% off (it’s good)
- Casa Di Mama Pepperoni Pizza stocked up $3.49
Every thing else was primarily yogurt, cottage cheese, cream cheese, eggs, cream, milk, bread, 50% off salad baggage, muffins, tortilla chips, and many fruit.
Costco And Our Grocery Funds
We anticipate a visit to Costco in March, which could put us over the grocery price range, so hopefully, our February bills will likely be good.
I wrote a submit about typical merchandise we purchase from Costco, though I’d have to replace this submit.
Would you want me to do a Costco haul the subsequent time we go? Remark and let me know.
January 2025 Residence Funds Grocery Financial savings Jar
In 2024, we saved $1,712.87 utilizing coupons and shopping for lowered merchandise at native grocery shops.
We’re beginning the 2025 yr with grocery financial savings of $235.51 in January.
All through 2025, we plan to trace our financial savings, which embody the next;
Our Flashfood Financial savings For January 2025
In January, we picked up 6x 4L Natural 2% milk baggage for $3 every as a substitute of $10.69.
The fee, together with the service charge from Flashfood, got here to $19.02 instead of $60.
Financial savings: $43.14
Additionally, we scored 12 x 1 liter 1% milk for $0.50 every, costing $7,12, together with the service charge, as a substitute of $43.08.
Financial savings: $35.96
Each one that indicators up will get a $5 credit score, a freebie Flashfood presents for brand spanking new app clients.
Additionally, Flashfood has added a small service charge to each order, which I really feel is suitable.
Use my referral code, MOCD28ZN4, for a $5 credit score. (Word: You probably have any issues with the code, please message me instantly.)
Your first buy should be over $15.
Pets
Miracles do occur! Our pet price range for 2025 is $350 month-to-month, as we want to purchase a mixture of moist and dry meals and snacks for our two.
We miraculously spent $153.30 in January, though we don’t anticipate that to final.
Our cats have been going outdoors throughout the winter, and we don’t know what to do for spring, summer time, and fall.
I could should buy a giant cat home constituted of something however steel, which we at present have.
Any options are welcome, as we aren’t certain what to do since we gave in and allow them to out.
Our metropolis doesn’t enable cats open air, so we genuinely really feel unhealthy that we tousled.
Save Cash Shopping for Pet Meals With Chewy Canada
Earlier than shopping for cat meals, I examine costs utilizing the Flipp app and go to web sites like Amazon, Flashfood (Ren’s Pet Retailer), native pet outlets, and grocery shops.
In addition to Amazon, we have now been buying on-line from Chewy Canada, which arrives two days after ordering.
Plus, you get 20% off your first three orders, which is spectacular since their costs are aggressive.
I’ll write a Chewy Canada evaluate in 2025, as we’ve positioned about 9 orders and really feel we have now stable data to inform our readers about.
Prolonged Healthcare Bills
My advantages cowl as much as $2500 in dental at 100%, $500 in eyewear each two years, and $4500 in therapies at 85%.
For 2025, we expect to incur bills within the prolonged healthcare price range class for the next providers;
- Occupational Remedy
- Speech Remedy
- Dentist
- Eyewear
Canadian Tire Rewards Factors
I like to avoid wasting my Canadian Tire rewards cash and use it when I’ve a big buy.
A lot of the steadiness $345.64 is from the mid-end of 2024 for Christmas, as I’ve solely shopped there just a few occasions since.
Do you save your rewards?
Canadians Who Store On-line Use Rakuten
Do it in the event you 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.
You have got 90 days from signing up to make use of Rakuten for an internet buy earlier than receiving the $30.
Learn my full evaluate of Rakuten Canada in case you are nonetheless unconvinced.
We repeatedly obtain cheques within the mail from Rakuten.
PC Optimum Rewards Factors
Since 2018, we have now earned over 9 Million PC Optimum Factors or $9000.
You possibly can see January’s final 45 days of earnings within the picture above.
We began 2024 with below 7 million PC Optimum Factors and at present have $7,904,787 working in direction of $8500 in 2025.
Finally, we’ll use factors to do a redemption, however we haven’t been compelled to take action like years earlier.
What would you redeem our factors for to get the perfect return on funding?
How We Saved So Many PC Optimum Factors
The method of saving them began after our son was born in 2014.
Sure, we have now redeemed many occasions, 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.
Moi Rewards
Two months after becoming a member of the Moi Rewards program at Meals Fundamentals, we’ve earned $42.
For each 500 factors earned, shopping for merchandise with Moi factors equals $4.
I’m within the technique of writing a evaluate of the Moi app, however I needed to expertise this system for just a few months.
I’ll be sharing our ongoing rewards progress right here every month in 2025.
Dream Air Miles 2025 Replace
Most factors are from our home and car insurance coverage, which presents Air Miles.
There was some extent 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.
I’m making it my mission for 2025 to be taught as a lot as doable concerning the Air Miles program and would love some ideas from any passionate collectors.
There may be an Air Miles receipts program that I need to find out about.
January 2025 CBB Web Value Replace
Total CBB December 2024 Funds + Web Value Replace
I’ve had just a few individuals electronic mail me about our mortgage and why we don’t have one within the chart.
After buying our dwelling in 2009, we paid it in full by 2014, which was not straightforward, however we did it.
Our present market dwelling worth is roughly $988,000, and we purchased the house for $265,000 in 2009.
In December 2024, our web value decreased by –$9156.60, or -0.50%.
Nonetheless, in January 2025, it elevated by $30,091.01 or 1.66% resulting from financial savings and funding will increase.
Our son now has a Registered Incapacity Financial savings Plan, in which we positioned $5000 to get the federal government to pay again to the date of his autism prognosis.
I’ll write a weblog submit concerning the course of we went via for Mrs. CBB and our son if anybody desires to be taught extra about our expertise.
Remark under and ask me any questions you’d like me to deal with within the submit.
2025 Meals Funds Problem Month-to-month Replace
In December, I shared a weblog submit about our upcoming 2025 Meals Funds Problem and was on the lookout for followers who needed to affix us.
I’ll submit our Grocery replace every month so you’ll be able to observe alongside to see how the three CBB followers are doing with their meals price range problem.
Meals Funds Challenger #1
Hello Mr. CBB,
I’m feeding a household of two adults and dwell in Ontario.
In 2025, we’d like to perform these targets…
- Pay down debt
- Save for one journey
- Lower down on pointless purchasing
Our month-to-month grocery price range is $400.00
Usually, we grocery store on the following shops;
- Wholesale Membership
- No Frills
- Brady’s Meat
In January, we saved $252.10 utilizing flyer gross sales and never shopping for what we don’t want.
Signed,
Grumpy Grocery Shopper X 2
Meals Funds Challenger #2
Hello Mr. CBB,
I’m feeding a household of 4 (two adults and two youngsters aged 4 and 6) and dwell in Ontario.
In 2025, we’d like to avoid wasting as a lot cash as doable towards our mortgage, as we’re up for renewal in June 2026.
Our month-to-month grocery price range is $800, which may be unrealistic.
Consuming out is just not a part of our price range, so I mixed the meals price range for the restaurant and grocery retailer for $1000 month-to-month.
We grocery store at Large Tiger, Impartial, Buyers Drugmart, and generally Foodland.
In January, we saved $54.32 utilizing coupons and PC factors.
Meat and Produce Supply Providers
For 2025, we signed up for a meat supply service, which is dearer however superb high quality meat.
We additionally tried Odd Bunch produce supply, and I feel we’ll use it repeatedly.
What I realized about grocery purchasing this month is to eat at dwelling and use the meals!
We spent $853.32 on groceries this month and $393.28 on restaurant/takeout.
This does embody $181 for our two boys for 2 sizzling lunches per week in school for January and February (so costly, however they take pleasure in it).
So, our complete for meals in January was $1246.60, which put us over price range by $246.60.
We’ve got sufficient meals that Feb and March should be pantry and freezer purchasing to make room.
Grocery Breakdown Challenger #1
| CBB Grocery problem | ||||
| Week | Retailer | Quantity | Financial savings | |
| 1 | Jan 1-4 | GT | 53.75 | |
| Buyers | 63.27 | (20.94 pts) | ||
| Impartial | 6 | |||
| Impartial | 39.81 | (1.00 pts) | ||
| 162.83 | 21.94 | |||
| 2 | Jan 5 – 12 | GT | 37.84 | |
| IND | 74 | (2 pts) | ||
| (4 C51) | ||||
| 111.84 | 6 | |||
| 3 | Jan 13 – 18 | GT | 56.58 | |
| IND | 2.38 | redeemed pts | ||
| Foodland | 7.48 | |||
| 66.44 | ||||
| 3 | Meat supply | 302.56 | ||
| 4 | Jan 19-25 | odd bunch | 17.99 | |
| IND | 46.31 | PTS 5.2 | ||
| GT | 54.29 | |||
| Buyers | 77.06 | PTS 21.18 | ||
| Dollarama | 7 | |||
| 202.65 |
Week 5 – no spend, purchased the next Sunday
CBB Meals Challenger #3
Hello Mr. CBB,
I feed a household of three adults dwelling in Southwestern Ontario.
In 2025, we’d like to perform not having to pay again overspending subsequent yr (we nonetheless owe about $800.00 from final yr by overspending on our grocery price range in 2024).
Our month-to-month grocery price range is $800.00 (final yr was $600.00 a month).
We spent $714.05 for the month, however there have been issues we usually don’t spend cash on.
Costco journey was $209.30 (as soon as a month is a Costco store), daughter’s child bathe (meals) $45.55, Janssen’s CSA veggie/fruit $200.00 (half fee now).
I used lots from the freezer and cabinet on my month-to-month meal plan.
We had rooster pot pie, loaded potato soup, rooster thighs, broccoli and potatoes, rib roast, veggies with pasta, sizzling canine and burgers, and so on.
Virtually 99% of the time, we store at No Frills (it’s in our city and we are able to worth match)
We saved fairly a bit in January utilizing flyer gross sales and worth matching.
Butter was on sale at Superstore, so we pm (No Frills $7.99 and Superstore $4.88, and we purchased 8 of them, so we saved $24.88.)
I realized about grocery purchasing this month and that watching what we purchase can save us cash as a substitute of spending it frivolously.
Signed, T