Spending Report<\/h2>\n

Here are the larger one-off expenses we encountered this quarter:<\/p>\n

\n
• We fixed the weatherstripping along our front door<\/li>\n
• We installed a new battery in our car<\/li>\n
• We ordered new kitchen island stools<\/li>\n
• We filed our US and Canadian taxes<\/li>\n
• We ordered a new Mac laptop<\/li>\n
• We swapped out our tires which came with an extra expense as one of the bolts was stripped<\/li>\n
• We had an electrician come out to fix the outlet for the hot tub which suddenly stopped working<\/li>\n
• We had a mechanic come fix some heating issues we had in our basement<\/li>\n
• We signed Finn up for summer swimming lessons<\/li>\n
• We purchased supplies to refinish our deck (again!)<\/li>\n
• Alllllll of the above happened in April – ouch! Thankfully May and June didn’t have as many larger one-offs:<\/li>\n
• We bought a new railing for our front steps to install<\/li>\n
• We bought tickets to a Calgary Philharmonic Orchestra kids program for the winter<\/li>\n
• We donated to a loved ones Go Fund Me page who just lost her husband in a car accident (noted above)<\/li>\n
• Our annual car insurance was up for renewal<\/li>\n
• Our annual property tax bill comes out in June<\/li>\n<\/ul>\n

  Overall Spending<\/h2>\n

  Since June 2021 was when I first started parental leave we decided that July 1st \u2013 June 30th will be how we tally up our spending in our post-FIRE world. So let\u2019s see how our \u201cQ4\u201d spending report has shaped up and what our overall spend for the year looks like.<\/p>\n

  After adding everything up, we spent $14,375 this quarter. \u00a0As Finn would say… “Yikeys”! Granted, ~1\/3 of our spend for this quarter came from two unavoidable annual costs (car insurance and property taxes). \u00a0If we strip those out, we spent an average of $3,361\/month which is around $461\/mo higher than our average. So still a high spend quarter no matter what way we look at it.<\/p>\n

  This puts us at a total spend of $45,145 during our first year of early retirement. \u00a0Ta-da!<\/p>\n

  We will do a whole post with a bit more of a breakdown into our annual expenses now that we have our first year of expenses wrapped up. \u00a0Back in Q2 2022 our liquid portfolio was sitting at $1,146,309 which would lead to a $45,825 using the 4% rule so we were actually right on track.<\/p>\n

  But… how much did we actually withdraw from our portfolio for the year? \u00a0That’s another question and again a whole separate post. \u00a0I\u2019m purposefully not including our income for the year in these quarterly updates. \u00a0Now that we have our overall spend for the year tallied, stay tuned for a future post digging into our annual expenses, the income side of things, and our “true” withdrawal rate.<\/p>\n

  That does it for today! Any questions for us?<\/p>\n

  Support This Blog<\/h2>\n

  If you liked this article and want more content like this, please support this blog by sharing it.\u00a0 Not only does it help spread the FIRE, but it lets me know what content you find beneficial.\u00a0 Writing is NOT my strong suit and it honestly takes me hours to write each post so the more encouragement the better!\u00a0 Engaging in the comments below keeps me motivated.\u00a0 You can also support this blog by subscribing to receive emails anytime a new post is published.\u00a0 Thank you FImily!<\/p>\n

  We believe in stacking up life hacks to keep your enjoyment levels to the max without depleting your bank account.\u00a0 Here are some ways to further educate yourself and save thousands of dollars over your lifetime by making some simple adjustments:<\/p>\n

  \n
  • Investing Newbies: Check out our\u00a0free Investing 101 Series.<\/a><\/li>\n
  • How much are you paying for your phone plan?\u00a0 Canadians,\u00a0learn more about Public Mobile, and see how we are paying $3\/mo for our cell phone plan<\/a>.<\/li>\n
  • How much are you paying for internet?\u00a0 Canadians,\u00a0learn more about the various Independent Service Providers out there to see who services your area so you can lower your monthly bills<\/a>.<\/li>\n
  • How much are you paying for home insurance?\u00a0 We were able to reduce our rates by 25% by switching over to Square One Insurance.\u00a0 If you live in BC, AB, SK, MB, and ON,\u00a0check out Square One for your home insurance, landlord insurance, and\/or tenant insurance<\/a>.\u00a0 Use this link to receive an extra $15 off your quote.\u00a0 (Note that you must use this link to start the process to get the $15 off even if you prefer to pay over the phone.)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Hey everyone! We\u2019re back with another quarterly update. We\u2019ll focus today\u2019s post on a life & spending update this week and then a net worth …<\/p>\n

    Quarterly Life & Spending Update: Q2 2023<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[16],"tags":[],"yoast_head":"\n