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Estimated studying time: 17 minutes
Be a part of us for the February 2024 funds replace from the Canadian Funds Binder household. See how we handle our cash, study from our errors, and attempt for monetary success.
For those who’re new to CBB, this can be a month-to-month funds breakdown so you possibly can see how we spend and lower your expenses.
We apply a zero-based funds to an Excel spreadsheet I created and supply all weblog subscribers free of charge.
Why I Share Our Month-to-month Funds
I sit up for placing this submit collectively because it lets us see the place our cash was spent.
A funds additionally acts as a diary in your bills so you possibly can look again to see success and failure.
In spite of everything, we are able to solely achieve success if we study from the errors we make alongside the way in which.
Our funds replace additionally lets readers know that we’re NOT good and should make adjustments like everybody else.
We use the instruments (Free funds Binder), and I hope you could have downloaded your free copy.
If there’s any info that you simply’d prefer to know or clarify about our funds, please share your feedback beneath or reply to this e-mail.
Alright, let’s get into this.
Dialogue February 2024 Funds
Once more, it was a comparatively quiet month for us; nonetheless, we did dabble with the net app TEMU.
Everybody has their views concerning the app, however as a finance blogger, I needed to grasp the hype.
We positioned a number of orders over the previous two months and realized two issues.
At all times learn the measurements of what you might be buying.
You could find some bargains if you realize what you’re searching for.
I’d like to learn suggestions from anybody who makes use of or has used TEMU. Reply to this e-mail or remark beneath.
The plan is to jot down a weblog overview concerning the app to let different readers learn about our expertise and anybody else who desires to share.
Benefit from the learn, and as at all times, I admire your variety suggestions and solutions within the remark part.
Percentages For Our February 2024 Funds
The year-to-date share chart is one other strategy to chart our family funds.
February 2024 Family Funds Percentages
Financial savings of 48.00% embody investments and financial savings primarily based on our internet revenue.
Our life ratio of 27.85% accommodates every part from groceries, leisure, miscellaneous gadgets, well being/magnificence, clothes, and so on, all of that are variable bills.
The life ratio is over once more this month, which we attribute to further well being purchases in bulk, as described beneath.
Our home and automobile are paid for, and we now have zero shopper debt; nonetheless, we nonetheless pay property taxes and upkeep charges of seven.60%.
The projected bills of 11.56% can change primarily based on what we encounter month-to-month, similar to a brand new merchandise we have to save for.
Grocery Breakdown February
A reader emailed me asking if I might share what we bought for groceries in February.
We attempt to discover the perfect costs utilizing the Flipp App, coupons, and bargains by means of Flashfood and decreased in-store pricing.
It’s possible you’ll discover that we bulk buy gadgets similar to apple juice from Zehrs.
Our son drinks numerous it combined with water, and we bulk purchase when PC Optimum Factors can be found for juice.
Additionally, our son might have ARFID, which stands for Avoidance/Restrictive Meals Consumption Dysfunction.
Avoidant/restrictive meals consumption dysfunction (ARFID) is a reasonably new consuming dysfunction. Kids with ARFID are extraordinarily selective eaters and typically have little curiosity in consuming meals. They might eat a restricted number of most well-liked meals, which might result in poor development and poor diet.
Youngsters Well being
We purchase meals for him to strive, and he both likes them or doesn’t.
I usually present what he doesn’t prefer to our neighbour with three youngsters.
I additionally buy gadgets to create recipes on the weblog, though I do know no enterprise compensation for these bills.
Zehrs
Ice cream cups $3.79 (Meals Fundamentals bought out)
Organika French Vanilla Yogurt x 2 50% off $5.50
Protein Crisps x 2 50% off $2.94
Blackberries 50% off $2.50
Blueberries x 2 $3.44 Sale
Bosc Pears x4 $3.87 (new for son to strive)
PC Apple Juice Not From Focus x 6 $24.00
Giant Eggs $3.79
PC Wiltshire Bacon x5 50% off $20
Nescafe Prompt Espresso x 3 Sale $4.99-$2.00 coupons
PC Apple Juice NFC $12.00
Truetaste Milk 1% x 2 Member Worth -$4.00 $10.00
Harvest Crunch Salad Package x 2 50% off $6.00
PC Mushrooms 50% off $1.75
Gala Apple Bag Member worth $5.99
Blueberries Recent $3.44 Sale
Frozen Shrimp x 3 Sale $24.00
Oatmeal Cookies Bakery (me…) 50% off $3.50
Earned 17,500 PC Optimum Factors
Earned 3000 PC Optimum Factors
Earned 1200 PC Optimum Factors
Walmart
Sealtest Milk 1 L Decreased $1.29 x 2
Fuji Apples $4.23
Dijon Mustard $1.97
Bananas $0.98
Shrimp $9.97
Kale Decreased $2.06
Customers Drug Mart
2 x PC Caesar Salad Package 50% off $6.98
Date Squares 50% off $3.14 Ya, I do know I’ve a improbable recipe, nevertheless it was a type of nights the place the date squares received the battle.
Costco
Purelife water x 3 $3.29
Fairlife Chocolate Protein Drink $42.99
Kirkland Greek Yogurt $11.49
Bran Buds $9.99
Taster Alternative Prompt Espresso x 2 $12.99
Kosher Dill $6.99
Hellmans Mayo $8.50 Sale
Nano Yogurt Drinks x 2 $10.00 every Sale
Salmon $34.99
Mini cukes $5.49
German Salami x 2 $14.99
Bavarian rye Bread $4.99
Keto Tortilla $6.49
Amazon
Dill Mustard $7.99
1 Web Carb Mr. Tortillas $28.00 40 pack
Triscuits x2 $5.00
Meals Fundamentals
Choice Bran Flakes $4.44
Avocado Bag $3.98
Premium Bananas $1.70
Asparagus $1.88
Oikos Vanilla Greek Yogurt x3 50% off $9.00
Choice Espresso Cream 3 x $2.97
Flashfood App February
Sadly, I don’t have the precise merchandise because the app wipes it out. I’m taking screenshots now, so I’ve them for reference.
If I bear in mind accurately, we bought massive blocks of Saputo mozzarella cheese, yogurt, and milk.
$24.00
$5.48
$14.99
$10.47
52-Week Financial savings Problem
In December, I began a 52-week Financial savings Problem and requested my readers in the event that they needed to take part.
Under is the jar we created to save lots of the cash for twelve months.
Our son said that he needed to take part, so it was determined that he would save his allowance or every other cash he earned.
Within the financial savings jar for February, there’s $20 or $5 weekly for his allowance, totalling $40 for 2024.
We don’t depend the additional days; we solely depend the total weeks month-to-month.
Under is a CBB fan becoming a member of us within the financial savings problem and holding herself accountable by sharing with all of you.
Hey, it’s me, TFSASaver, with my replace.
My objective for every cash to save lots of is $62.
I saved the next:
$8 bought 2 small gadgets
$40 (I talked myself out of shopping for any lotto tickets this month) and transferred that cash into my financial savings account.
$20 used $20 price of PC Optimum factors at my grocery store and took $20 and put it instantly into the financial savings account.
Word: I’ve to switch the cash instantly, or I’ll neglect to do it!
This problem makes me extra acutely aware concerning the pointless “desires” I face throughout the month.
We additionally had no unplanned eating out this month (1 deliberate event with household), So I be ok with that.
Thanks!
Nice query from our reader beneath. If anybody desires to reply her, go away a remark.
An concept for a Query and Reply is concerning the lottery.
How a lot can individuals reduce by chopping out this “tax on the silly,” as I inform myself, despite the fact that I always see advertisements selling the lottery?
It’s an space of weak point for me.
Grocery Meals Financial savings Jar January 2024 Replace
Why will we observe our grocery reductions for your complete yr?
Monitoring Our Grocery Reductions For One Yr + Free Printable
I’ll tally it on the finish of the yr to see how a lot we saved shopping for decreased meals merchandise.
Learn the 2023 Finish of Yr Grocery Meals Financial savings Jar Evaluation.
We saved $146.72 for February utilizing coupons, rewards apps, and Flashfood.
To this point, in 2024, buying discounted meals has saved us $280.93.
That’s Superior!!
February 2024 Estimated Funds and Precise Funds
Under are two tables: Our February 2024 Funds and our Precise Funds.
Our February 2024 month-to-month funds 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 initiatives.
Spending lower than we earn and budgeting has been the simplest strategy to repay our debt and lower your expenses.
Such a funds is a zero-based funds the place all the cash has a house.
Estimated February 2024 Funds
We might not want the entire cash we budgeted for in every class. Nevertheless, it’s higher to be over or beneath funds for bills.
Don’t neglect to funds for projected bills as a result of your whole month can fail on account of not planning.
Precise February 2024 Funds
Canadian Banks, We Use
Breakdown Of Our February 2024 Funds
Under are a few of our variable bills from February, other than investments that I’ll focus on.
February 2024 Funds Class Modifications
Our funds classes remained the identical in February, other than a mathematical error I made final month for telecommunications.
Since then, I’ve rectified that by lowering our month-to-month bills to $180, though this adjustments incessantly as Spotify, Rogers, and Freedom Cell might improve costs.
I can’t complain with Freedom; they’ve charged me solely $21 for years, and I get 11GB of information month-to-month.
The largest offender is usually Rogers; yearly, we may even see Spotify improve by $1.
Family Payments and Bills February 2024 Funds
Under is an evidence of the funds classes from February 2024 that have been over funds or want clarification.
Grocery Funds February 2024 Funds
Our month-to-month grocery funds is $900 plus a $25 stockpile funds.
We spent $842.00, or $58, beneath funds for our February groceries.
That doesn’t occur usually, however when it does, it’s a cheerful time on the CBB residence.
Groceries are our most formidable competitor, because it’s a combat between funds, mouth, and abdomen.
Pet Bills
In February, our pet bills of $350.00-$301.75 = $48.25 got here beneath funds for our two cats… a miracle!!
There was one other med cost for Huge Ginger, as his nostril will not be enhancing.
It will get crusty, which we thought was meals, typically, however once we wipe it with a heat wipe, there’s blood.
We purchased him particular meals for $69 this month from Chewy, a singular new Canadian pet meals firm from which we order.
Nevertheless, we don’t assume he’s allergic to his meals. The opposite possibility is to get blood exams executed to see what comes up.
New Moist Cat Meals Alert!
We might have found out a model of meals Mr. Black Snack Cat likes referred to as Dashi Delights.
It prices round $24 for a 12-pack, so it’s not low cost, however a minimum of he eats all of it.
Typically, I discover that they need contemporary meals and received’t eat leftovers as they get crunchy. (I don’t blame them.)
Huge Ginger loves his meals however not a lot the snacks, and he prefers Fancy Feast creamy varieties similar to Florentine.
The fee is inexpensive than the Dashi Delights, however each cats will eat it.
If we might return and do it over again, we’d probably keep on with dry cat meals, though the vet stated that moist cat meals can be acceptable.
Steadiness is crucial, even with pets, and that’s a battle now that we now have them in our routine.
In addition they every have a bowl of dry cat meals that they eat between meals or once we aren’t residence and they’re hungry.
Generally Huge Ginger has moist meals with a aspect of dry, haha!
Our cats are whole opposites.
For those who personal a cat or cats, how do you entertain them each day? Our cats whine once we are residence to play all day till they sleep.
Hit reply or remark beneath and suggestions you may give us.
Don’t get upset if we tousled cat parenting guidelines. We all know.
Well being And Magnificence
Budgeted $270- $474.70 precise well being and sweetness bills means we have been over funds by $204.70 in February.
The overage primarily comes from shopping for in bulk merchandise, similar to iron tablets from Amazon that have been out of inventory for months.
Sadly, Mrs. CBB wants a selected model of iron tablets as she is borderline anemic proper now.
Additionally, she bought whey protein powder to extend her each day protein numbers.
Sadly, the whey will not be working for her because it provides her abdomen issues, similar to an excessive amount of gasoline.
She discovered a brand new firm that makes a vegan plant protein powder and has fallen in love with it.
Not solely does she haven’t any gasoline, however she additionally has no chalky style, and he or she says the flavours are so good.
To get free transport, she needed to spend x quantity of {dollars}, plus that they had a sale on gingerbread protein powder, so she stocked up.
I’ll have extra data on the corporate and product as quickly as I can get you all a reduction code to save lots of you some cash.
A pitstop at Costco meant we stocked up on paper towels, face wipes *for our son), bathroom paper, and different family requirements.
Lastly, she bought a SkinCeuticals product for round $132 for her effective strains and blemishes.
Since she has a limonene allergy, she is proscribed within the varieties of well being and sweetness merchandise she will be able to purchase.
FlashFood App
Each one that indicators up will get a $3 credit score, a freebie provided by Flashfood for brand new app clients.
Use my referral code, MOCD28ZN4, to get the $3 credit score, and your first buy should be over $15.
For the report, FlashFood retains altering the referral earnings from $3 to $5 for brand new members who join free.
So chances are you’ll get kind of cash primarily based on how they really feel for the month. It’s free cash, so no complaints right here.
We spent $54.94 on groceries utilizing Flashfood, though I don’t know the financial savings. I’ll work on monitoring that for March.
PC Optimum Rewards Factors 2024
We began 2024 with beneath 7 million PC Optimum Factors, or $6830, and now at $6390, or 6,937,857 factors.
I do know lots of you would possibly assume this can be a huge variety of factors, and we agree.
The method of saving them began after our son was born in 2014.
Between diapers and system, we amassed factors quicker than we might spend them.
Sure, we now have redeemed many instances, however solely throughout their Mega Bonus Occasion at Christmas.
Redeem 250,000 factors for $500; I imagine it was $600 at one level.
TD Visa Money Again Quantity
Our TD Visa has a money again stability of February 29, 2024, which is $413.25.
Canadian Tire Triangle Rewards February 2024
Sometimes, my bills are placed on my Canadian Tire MasterCard other than Costco CIBC MasterCard for gasoline and groceries and PC World Elite MasterCard for groceries.
We additionally solely store on 20x or 30x the Triangle Rewards days!
Dream Air Miles
I’m including Air Miles as a result of they emailed Mrs. CBB, and we realized we hadn’t invested a lot curiosity in this system.
Most factors are from our home and automotive insurance coverage, which provide 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 hope to discover this program in 2024 and would love suggestions from all of you who make investments the time into constructing miles.
Hit reply and inform me about your Air Miles experiences.
February 2024 CBB Web Value Replace
After tallying three rewards playing cards, we discovered $8222.33 in money/rewards to redeem.
This quantity will not be factored into our internet price, though $1292.33 of Canadian Tire rewards and TD Rewards are money.
The funding portfolios elevated by $45,541.68 or 4.49% in February.
In February, I invested in my RRSP by about $10,500, which was the accessible room.
We elevated our internet price by 2.15% or $34,005.76 in February.
You probably have any particular questions on how we make investments our cash, please remark beneath, and I’d be comfortable to reply them.
Till Subsequent Time!
That’s all for our February 2024 Month-to-month Funds.
I will likely be again in April to overview our March 2024 month-to-month funds.
If there’s one thing you’d prefer to see in our month-to-month replace, hit reply to this e-mail.
Thanks for stopping by, and please subscribe in case you are new to CBB to get my weekly weblog submit and month-to-month publication.
Learn our funds updates from 2012-current.
Mr. CBB
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