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TVsVeryOwn
Jan 9, 2011





Hi there, you may know me from my embarrassing introduction in the Newbie Person Finance thread. To summarize: I'm 24, enrolled in high school level studies at the local college, on permanent disability in British Columbia and live with my mother. In the past I've lacked the fortitude to even think about my money, spending when I had some and still spending when I didn't. I'm making this thread to act as a commitment device so I can get out of debt this quarter and start saving and spending with intention.

Income: The Government of BC pays me $1,133 on the last Wednesday of every month. I also receive $109.19 quarterly on the fifth of January, April, July and October as part of the federal government's GST program. Edit: I almost forgot, I got a contract with the college to be a peer support for grade 11 math. It's not going to be consistent, but I have a contract for 25 hours over the course of the semester at $10.85.

Expenses: $610 goes to my mom for rent, utilities and groceries. My only other Immediate Obligations are a $56 phone bill and a $2.50 service fee from my bank. My transportation is covered by the government, they deduct $52 per month for a bus pass.
A little bit of arithmetic yields: $1,133 - $668.5 = $464.50 in discretionary spending.

Liabilities: I currently have about a $900 balance on a $1000 limit with 20% APR (those of you from the megathread may remember the balance being higher, I got over $100 in charges refunded and my $100 cashback is still pending). It's a CUETS Choice Rewards MasterCard. My TransUnion score is 743.

I have no financial assets.

I started using YNAB last week after seeing it mentioned in passing in zaurg's thread and it seems like it might really help.
I managed to spend most of January's cheque around Christmas, so I'm starting my budget next month and just tracking spending this month.

Here's my YNAB spending report from 2018/01/03- this morning(2018/01/11):

As you can see, I'm currently using school supplies as a way to get some retail therapy, which needs to quit.

From the megathread, my budget for February:
code:
Income: $1,133
Debt: $900
Fixed expenses: $668.50
Debt repayment: $250
Magic: $8
Food: $95
Sweet Leaf: $20
Other Discretionary Spending: $90
PM me if you want all my YNAB CSV's.

My goal this year is to only spend money from a given month's cheque that month.

I'm considering starting an ABA in September and it looks like I'll qualify for a free ride through a Canada Study Grant. Longer term I'd like to travel to a Magic GP in calendar 2019 and either get a laptop for school or a new gaming rig. Even longer term I want to be in a position to start and finish my undergrad with no debts.

TVsVeryOwn fucked around with this message at Jan 12, 2018 around 02:04

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TVsVeryOwn
Jan 9, 2011





I went to my first Toastmasters tonight. I might have to be a recurring guest for a while before I can put dues in, but I think it will be fun and good.

Does anyone have anything bad to say about Toastmasters?

TVsVeryOwn
Jan 9, 2011





I relapsed. I bought more school poo poo I didn't need on my credit card and then I was going to be late for Magic, so I payed for a cab on it too.

TVsVeryOwn
Jan 9, 2011





My credit card is due on the 15th every month and I already made a (tiny) payment on it. Working balance is back to about $900. My phone is due on the 26th and I get paid on the 24th this month. Right now I have $5.55 in chequing, $1.50 in savings and $3 in cash.

I put off my budget because I started the year with no money and forgot I was getting GST. I realized I had my GST while I was shopping for a day planner, so I got a really nice one ($60) instead of stopping to think about what I wanted to spend it on. OTOH it was the only one in the store that had the features I wanted (letter size, zipper enclosed). Besides that I bought a mess of erasable pens, a lock, some exercise books and binder organization stuff. When I relapsed I bought a multipen+pencil for when I shouldn't use erasable pen and a reusable notebook from Amazon.

When I write it down, realizing that I spend over 40% of my money on poo poo I do not need makes me feel like a candles tweet. I think I'm like most people in that I spend very emotionally and socially. I've found it hard to beg off going out with people since I haven't had many social outlets besides Magic which also costs money. Hopefully I make school friends who will be broke like me.

My weed situation isn't directly comparable to the past since both the demand and supply side have shifted. I can get hash for free from my mom for the next little while and I'm not at home as much to smoke. That $36 was a one time experiment with edibles, I know now that they're too weak for me. Ideally I roll February's $20 into March and then I can get some concentrate for my vape.

TVsVeryOwn
Jan 9, 2011





I leave myself memos of what I bought (e.g. 2 slices pizza, 500 ml soda: $10), but you're saying I should record that as 2 slices: $7, 500 ml soda: $2, tip: $1? I guess that makes sense.

TVsVeryOwn
Jan 9, 2011





My mom decided that she wanted to pay for some school supplies so that $70 late night Amazon shopping trip is paid for.

TVsVeryOwn
Jan 9, 2011





You're right, I can't trust myself. I impulse bought a coffee on Tuesday.

My Magic store doesn't want money so they don't offer food and beverage service, so I'm safe there.

Right now my biggest problem is I can't stop thinking about what I could spend money on if I wasn't on this drat budget. I really want a chore coat so I can stop wearing ill-fitting button downs just because they have a chest pocket for my pens. So I spent an inordinate amount of time yesterday trying to pick out the perfect one for when I do have the money. I put on my calendar to revisit it in two weeks and hopefully I can take it off my mind until then. I still won't be able to buy it then, but I can look forward to doing more research.

I will do the things you say. Not because they are easy, but because they are hard.


Edit: Going to a student union pub trivia tonight. Card is in the freezer. The prize is bar credit, so I'm not drinking anything unless we win. Even then, not a super huge alcohol fan. I much prefer the dope.

TVsVeryOwn fucked around with this message at Jan 19, 2018 around 02:17

TVsVeryOwn
Jan 9, 2011





Pro-tip: if you're freezing your credit card in a pasta sauce jar, don't fill it all the way.
It exploded a little and now there's bits of glass frozen to the inside of the freezer.

My phone crapped out yesterday. I tried my best to get them to give me a new phone without raising my bill, but I'm on a super old loyalty plan. New plan has Canada-wide long distance, but only 500 MB data from a gig.

One time charge for new phone: $112
New monthly bill (after taxes): $72.80
Edit: Total cost: $419.20 = $112 + $307.20 over 24 months

February Budget Revised posted:

Income: $1,133
Debt: $900
Fixed expenses: $685.30
Debt repayment: $350
Magic: $8
Food: $65
Sweet Leaf: $0
Other Discretionary Spending: $13

Edited: Added the tax on the phone and calculated a rough total cost. This assumes no overages, which should be feasible. I only ever get close to my cap if I'm downloading or streaming audio, which I can just as easily not do.

TVsVeryOwn fucked around with this message at Jan 21, 2018 around 02:09

TVsVeryOwn
Jan 9, 2011





Small town means there's not a consistent secondary market for Android phones. I might be able to find an iPhone if I wanted an iPhone, people try to get rid of those all the time. The MVNO's don't operate much outside the major cities. There's Koodo, but they're just a flanker brand of Telus, who are awful. The only time I've considered switching from Bell was to improve my negotiating position.
I could have taken a free phone from my provider, but my bill still would have had to go up. I also didn't want to take a big downgrade because I hate admitting I'm poor. The phone that poo poo the bed was a Nexus 6 and I'm replacing it with a Pixel XL.

Thank you for making me more closely evaluate this decision, even if it is ex post facto. I found a competitive offer from another provider. Rogers is offering the same phone with no money down and a $60 ($67.20) a month bill. I will talk to Bell about returning the phone and cancelling my contract and hopefully that will scare them into giving me something even better.

TVsVeryOwn
Jan 9, 2011





Eric the Mauve posted:

Bell is going to laugh at you because you're going to discover you're locked into your contract for probably 2 years. (But hopefully maybe just 1 year?)

They were very understanding. But they made no further attempts to retain my custom, so gently caress them. All I have to do is refuse delivery and, once it's back in their possession, they'll refund me the $112 for the phone and let me cancel the contract.
New phone is ordered with Rogers. I just have to make it through a week of school with no phone. It'll be easy...

TVsVeryOwn
Jan 9, 2011





January Final Income v Expense Statement:



Notes:
I ate a $35 over limit fee because I bought a stupid case for my stupid phone. In a more meta sense it was because a credit card transaction didn't import into YNAB, so I have turned off imports for my credit card. I already manual import my chequing.
The cheque for the phone I bought and returned less my January bill ($56) is in the mail.
Not sure how that grant money is going to affect my disability cheque, but I kind of already spent half of it.
I got my first tutoring client, but I'm not sure when I'll have enough hours to submit my first time sheet.
I'm going to need to put some of my budget to going to coffee places to work early in the morning because I can't focus at home and the school is locked that early. I don't even really like coffee.

TVsVeryOwn
Jan 9, 2011





I started the month out breaking my budget to pick up some productivity apps of dubious usefulness (not still using them). I then did a worse thing and hoped this thread would go quietly into the good night. No such luck.
I spent about $175 on a year of Photoshop CS.
After that I felt real bad about myself and stopped tracking and made some dumb small purchases. I reconciled today.


Chequing: $231.34
Credit card: -$584.17
I just made a credit card payment of my net for February ($318.18)

I have gotten basically nowhere with reducing my debt. I froze the card, but I make a lot of impulse purchases online and I can't make myself forget my card info.
I might owe Bell $1000, which no one mentioned in the multiple conversations we had about cancelling the contract. I am and idiot.

In good news: I got accepted to the university transfer program. Not enough of the business courses were going to transfer over to be worth my time, so I switched where I was applying. I start a condensed English 100 in May.

TVsVeryOwn
Jan 9, 2011





I'm off the hook for the $1000! I was really nervous about that and didn't want to do it because I thought I understood what had happened, but I was wrong.
It was just that I ported my number before they got the phone back and then they didn't know where to point the credit for the returned phone to. It should be worked out by the end of the week.

TVsVeryOwn
Jan 9, 2011





Surprise, I continue to make poor financial decisions! Getting ahead of the bad news this time.

I bought a sport coat kind of on impulse because I was feeling bad that day. Unfortunately I have to wait for the sleeves to get altered, so I get all the guilt now and the gratification later. $159.61
This alone didn't blow the biggest hole in my April budget. There's a quarterly GST payment and it's gone up to $135 (I know chickens before they're hatched, but if I can't count on the welfare state who can count on?).

The real dumb poo poo would come a couple days later when I spent ~$130 ($100 USD, it hasn't posted to my CC yet, so I don't know the exact exchange rate) on loving Chaturbate tokens.

There was also a dentist appointment that I forgot to budget for ($68.21) and they said I'm looking at a crown eventually. Starting to save $25 bucks a month for that now, that my mom says she'll match, on top of I guess like $12/month for my biannual cleanings. Man, this adult thing sucks.

TVsVeryOwn
Jan 9, 2011





DJCobol posted:

What the hell are Chaturbate tokens?

Camwhores.

Edit: I should have done a zaugr and bought some useless tokens, I'm sorry to disappoint.

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TVsVeryOwn
Jan 9, 2011





I wanted to come bearing good news, I failed. I've been feeling pretty down since I failed to complete grade 12 English because of some sadbrain stuff. So I'm not taking English 110, or any university credits this semester and I don't think I'm cut out for much academically, at least until I change something. I'm looking at more vocational career paths, like coding or graphic design.


On to the reconciliation.
Top failures:
1) Spent $137 to start a legal name change process that will likely cost much more and the continued failure to ask for a refund. It's not that I don't want to change, but if I think about it I shouldn't be spending that money yet.
2) Spent $100 on concentrates, $30 on paraphernalia. My mom was getting sick of subsidizing my habit completely and my dog ate my vape charger so I had to replace that since I hate hitting the banger. I probably should quit, but I want to get a bit more of a support network around me before I do.
3) Didn't stop dining out to pay for 2)
4) Didn't start saving for oral health.

March:


Not pictured: Net: -$339.34

April:



Overall snapshot 2018-05-08:

I don't really have a plan for this month. Phone bill is already paid. The plan should probably be to pay $250 against my debt, go to Magic this Friday and then leave my debit card at home for the rest of the month.

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