My Money Plan for 2024 💸✨ #shorts

It’s a new year, and a new year means that it’s time for a new financial plan!

As Dennis and I are self-employed, we raised our own monthly salary to $4,459.91/month. Of that, I’ll be investing $2,000/month and spending from the other $2,459.91.

My investment strategy is actually changing this year for the first time since 2021 - I’d been using a robo-advisor, Wealthsimple Invest, to do my investing for me. I’m now switching to a DIY approach, using Wealthsimple Trade, instead. I’ll be investing in an ETF on a monthly basis.

On the spending side of things, I’ve adjusted my budget categories - here’s the overview:
➡️ Rent - $950.00
➡️ Internet - $31.07
➡️ Utilities - $30.00
➡️ Groceries - $300.00
➡️ Restaurants - $150.00
➡️ Coffee Shops - $50.00
➡️ Public Transportation - $50.00
➡️ Massage Therapist - $146.50
➡️ Personal Care - $100.00
➡️ Subscriptions - $12.42
➡️ Other - $339.92

My biggest budget goal is to bring down my ‘eating out’ amount substantially…

What’s your money plan for 2024? Let us know! 👀

#shorts

[ashleynorthover]

will there be a YouTube video on this?

[ashishsinha]

It will be great and helpful if you can share how much do you earn from various social media platforms??

[Flour]

Can you tell us a little bit about the non registered account with wealthsimple. Would really appreciate it if you make a video about it❤

[elgooges]

When you say self employed are you referring to YouTube videos or do you do something else?

[Bdpulse]

Hi there just a question. Are you allocating money to your rrsp? Or just TFSA? If not, are you able to share why?

[Kittenmom]

Besides financial do you have any other goals? I’m on the same boat as you so I’m looking at other goals

[greg-gpqh]

Fhsa and rrsp for investing for income tax FHSA should be top priority

[molebogengm]

Love it for you Steph! I'm working on fully funding my emergency fund so I can get to a point where all I can do is invest. I am investing right now though. Just out of curiosity, do you save for sinking funds?

[shaolongchen]

Hi what product do you use to make your teeth so white ?

[Corythehausbaus]

Steph awesome plan. Btw tfsa is technically also emergency I’m assuming ? For example if something major occurs and you exhausted the emergency funding, the last resort would be going into tfsa

[livelife]

Why don’t you all share what invest company you use ? Is that bad to share I don’t know?

[rcstar]

love your goals. $2000 per month on investing is a lot but even at $3k per month you were putting $1000 per month so you'll be fine.

[taylordnd]

Is the $150/month restaurant goal ambitious because you plan to eat at lots of restaurants?