Money Diary of a 26-Year-Old in Vancouver | Month of April 2020

Interested in my other money diary entries? Check them out here!

The last Money Diary entry was back in November 2019! I hate to admit it, buuuut… it took a quarantine to made me smarten up about my spending and develop better financial habits. I’ve been pushing myself every year that I will trim back, and actually start to save and build some savings account but “something gets in the way” (aka reckless spending) and it’s another year of just living paycheck to paycheck and shoving all my money back to my credit cards.

Well, needless to say, I no longer have any CC debt, and the only debt I have is my student loans that is manageable. I’ve gotten a better grip of my money, and started to really recognize where my money is going. I started to prioritize my Emergency Savings and Retirement accounts and ensuring I “pay myself first” after all my bills. I started a general Sinking Funds account and forcing me to save for items I want instead of relying on my credit card. I’m finally confident and no longer afraid to open my bank account or look at my CC statements. Overall, I’m just proud of my personal finance skills and management. When COVID is over, I plan to sit with some investment advisors to open some investments accounts.


So, how did I do for April?

Note – This does NOT include my monthly fixed expenses/bills (eg. rent, student loans, phone bill, Spotify, Netflix, etc). This is just my miscellaneous spending. I also want to note that there’s no groceries because Dan covers our groceries. I cover all the household subscriptions and majority of the entertainments and he covers our groceries.

Oh, I also transitioned into a digital planner! This budget planner from Boss Personal Planner is THE best. I’m no way affiliated with Boss Personal Planner but when I saw this budget planner, I knew I had to have it and it’s worth the price! I saw cheaper ones on Etsy but it didn’t have what I want in a budget planner. This one nailed it all and is what helped me revamp my finances. I couldn’t do with Mint anymore – so I’m surprised the “old school” way of tracking money is what worked for me.


Reflections? Honestly, not bad! I know, I have a lot of blue highlights for take outs but would you believe it if I said this is actually an improvement from previous months? Yep, I know. This is just my spending as well – there were a few other take outs than Dan covered. Given that we’re all locked indoors, my spending for clothes also went down (remember when I was addicted to Poshmark?) The Old Navy spending happened when I saw they had 50% off EVERYTHING and I was feeling down – plus, I also needed some workout tops.

Lowkey still annoyed at Obe Fitness, BUT I lived with it and made the best out of my $40. I went to cancel and they offered me $1 for the month of May and June which I took because I still need to exercise! But, the more I was using Obe, the more I started to enjoy it so I’m tempted to keep it. My Barre membership is $180/month + $15 ClassPass so I’m thinking of keeping Obe Fitness and up my ClassPass subscription so I can use both services for exercise and it’d still be cheaper than my barre membership. We’ll see how things play out after COVID.

8 thoughts on “Money Diary of a 26-Year-Old in Vancouver | Month of April 2020

  1. This was really interesting to read! As I’m almost graduating college I’ve been thinking more about how to handle my money… it’s really stressful. I tried Mint as well one time and it just didn’t work for me either. 😩

    Also, I just wanted to let you know that I nominated you for the Real Neat Blog Award! All the details are in my latest post: https://thelittlelibra.wordpress.com/2020/05/01/the-real-neat-blog-award/. I hope you’re having a great day! πŸ’•

    Like

    1. Happy early graduation!

      I love everything digital so I was surprised Mint didn’t cut it for me as well but there something nice about the old school tracking method. I was in the same boat as you just a few months ago stressing about money, despite working full time. I highly recommend “The Budget Mom” on Instagram (https://www.instagram.com/thebudgetmom/). I don’t follow her method step by step but her posts and videos are super inspiring and easy to follow to develop good habits πŸ™‚ I hope your financial journey after graduation steps off on a better foot than I did a few years ago!

      And thank you for the nomination! I’ll go check it out now πŸ˜€

      Liked by 1 person

      1. Thank you! I felt exactly the same way. I’ve gone back and forth on how to track finances but I’ve never found something that’s effective. I will check that instagram out, thank you for the recommendation 😊 And of course! I’m excited to see your take on it πŸ’•

        Like

  2. Such an interesting post! I’m very bad at tracking my budget, the one you’re using looks great though! I probably will have to reduce my takeout expenses before doing it though, or I might be very scared πŸ˜‚

    Like

    1. Hahahaha, if I shared my order history from January, I would be so embarrassed by the amount of take-out I’ve ordered instead of just cooking at home!!! I’m not the greatest cook so take-outs are always an easy win for me when I come back home from work.

      Liked by 1 person

  3. Hooray for no more CC debt but I’m not sure if I’d rather have that than student loan debt, honestly! Haha. That’s so smart to make sure you pay yourself first and think of your future. Right now with all the online deals it’s so difficult to refuse them when everything is being discounted!

    The budget tracker is interesting and I like how each category is highlighted to really make you realize and see how much you’re spending and where it goes!

    Thanks for sharing, Claire! Hope things are well with you!

    Like

    1. Hahaha, if I had to choose as well, I would prefer my CC debt with a higher interest just because the balance was only about $4k a few months ago πŸ˜› Much lower than my existing student loans! I don’t have Facebook anymore so Instagram is the WORST for ads right now. That’s how Old Navy roped me in with their “Everything under $25 sale”. I keep having to tell myself that I got nowhere to go if I ordered a bunch of new clothes right now.

      Thank you for reading! Hope you are safe and well!

      Like

Leave a Reply to β₯ D Cancel reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s