Here’s my first official monthly statement! August was a good month, despite a dropping stock market and a few costly expenses. Somehow I managed to save just under 40% of my income. The next couple months are going to be harder, since I hope to buy a house before the end of the year. Hopefully things don’t get too out of hand.


Income

Net Salary: $2905.84
Interest Income: $0.14
Dividends: $6.42

Total Income: $2912.40


Expenses

Rent: n/a†
Food: $520.97
Cellphone: $87.90
Bus Pass: $92.00
Car Related: $307.58*
Gas: $141.84
Entertainment: $57.51
Health Related: $65.28
Website: $188.30
Other: $301.12**

Total Expenses: -$1762.50

† I recently moved from a two year stint in Calgary back to Québec because of a family related situation. My parent’s have graciously allowed me to live with them until I find a place of my own.

* $278 was for my car registration.

** I had a few relatively major expenses (a new iPod Shuffle for swimming, a mini computer projector)


Investments (Gains / Losses)

Value at the beginning of month: $6007.00
Value at the end of the month: $5764.75

Gain/Loss: $242.25 (-%4.03)


Analysis

Total Money Saved: $1149.90
Percentage of my income saved: 39.48%
Percentage of income earned from passive sources*: 0.23%
Percentage of expenses covered by passive sources*: 0.37%

*Does not take into account unrealized gains/losses.


Conclusion

This is my first real monthly statement, and despite a few relatively costly expenses/purchases, I still managed to save just under %40 of my monthly income! Not having any rent to pay obviously helps a lot, but it still means that I’m off to a respectable start. That being said, there’s a lot of room for improvement. One expense I will be looking to reduce in the near future is my monthly food bill. $500 is a lot of money to be spending on food.

My portfolio took a bit of a hit towards the end of the month due to some volatility across the market. Fears of an economic slowdown in China, decrease in oil prices and renewed fears in Europe/Greece sent stocks crashing in the last week of the month — although they recovered a bit towards the very end. I’m not terribly worried about this given that I’m in it for the long haul.