How Much Money We Spent This Year - Annual Budget Wrap Up

Do you know how much money you spent this year? Well, we do - we tracked allllll of our expenses (literally every transaction), all year long, and categorized them according to our budgets. In this video, we'll go through everything we spent, and for fun we're going to see who spent more in each category.

We're covering our fixed expenses, like rent, internet, and hydro, along with groceries, restaurants, personal care, and every other category we have in our budgets.

Leave your predictions for who you think spent more in the comments below, and let us know what your spending looked like in 2023! 👀

0:00 How we track our spending
1:59 Fixed Expenses
3:44 Variable Expenses
15:59 How our expenses compare

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[stephandden]

What was your biggest expenses category this year? Let us know! 👀

[sherai]

My husband and I together were $6, 256 on groceries ($260 per month per person) and $2, 134 on eating out ($88 per month per person). This is in Calgary Alberta. We also have a large garden that brings down our food bill significantly.

Also I’d say own your spending! Seems like you two are doing really great, no need for guilt for spending on the things you love if you can afford it and are saving/investing so much.

[LenzGoDeep]

Y'all Looking Fresh! That minimal hoody look just works so well. Great shades as well, You Both do an Incredible Job! Myself & my neighbors love your Sunday videos!! Keep it up!!!

[dominiquetheeasyminimalist]

Sadly, personal care will always be more expensive for women so you deserve a break on this one 😁. A haircut at the barber shop is at least 4x less than a salon for a woman, not even considering hygiene products… You guys are the best and you are doing so well, keep it up! 👏👍🏻

[Stephanie-kioz]

Steph! I also get monthly ( or so ) massages. A little hack ive learned is buying gift cards for them at Costco or on Black Friday. I bought 1000$ worth of massage gift cards to a local spa, for 700$!

[sayemkhan]

I really enjoy your videos!! Being a Torontonian myself I feel like I can relate more to your content vs US/European Content there are so many implied or situational expenses that may not really be seen/applicable to them like the increased Uber Eats costs, Please keep up your videos I wish you a very successful 2024!

[ChrisAlvarezmrtranscendent]

Kudos to you two for being so transparent, its really hard to manage self transparency, as a couple it takes a lot of courage.. ITs absolutely a super power.

[simonmai]

Not easy to put yourselves out and share those private information, bravo on that! Super helpful reference to gauge myself, thank you !!

[suddenlythree]

Year to date we spent $4110.28 on eating out and $7604.48 on groceries. We are consciously spending less per year all around, I hope next year will be a cheaper year again. The total spent this year for everything (minus mortgage) is $38, 326.68. Last year $44, 000 and the year before that $74, 000 - we were building at the time.

[TheDiaryofKeishaMarie]

I really look forward to these videos! Great job :)

[ginac]

Fantastic break down of your annual spending guys! My lowest spending category is transport, as I bike or use my e-scooter to commute to work. Cafes and eating out is low as I make my own coffee at home with an expresso machine and I go out to cheaper restaurants with friends in Wellington, New Zealand. My biggest spend is related to female grooming and clothing (hair, clothing etc) and my hiking gear and hiking trips that I do here in Aotearoa New Zealand. I also love the hoody look on you guys!

[michaelssali]

Don't feel bad Steph; I've spent thousands on food this year as well. Sometimes I'm hungry when I'm not home so I end up having to buy something to eat; my philosophy is that the money in my possession is only valuable if it feeds me adequately: I don't starve just to save. 😂😂

Thank you for this video. I enjoyed it very much. It was the two of you being yourselves as opposed to sounding like you're reading from a textbook. Keep this style of video.

[MFTW]

Great video as always!! So close to 100k!

[evanchisamorejohnston]

Curious to see a breakdown of dating expenses I would love to know the spread between a couple that goes on dates and gives gifts compared to a single guy

[pzbzszb]

I feel like Personal care category will always be higher for women in general. We spend more on our personal care with hygiene products, beauty services- eyebrows, waxing, makeup, skin care.

[artofnia]

Great video showcasing the comparison between what you both spend. I enjoyed watching 😊

[NarissaC]

scared to tally this for myself but loved hearing from you guys!

[katherineprince]

My husband and I also track every dollar we spend. Somehow managed to keep our combined eating out budget at only $3203 including all of our eating out on vacations.

[MoneyOpulence]

Thanks for sharing these tips. Keep it up!

[peachieangie]

I'm 26F living in the GTA as well. My biggest spending category this year (excluding rent) were my education fees: CPA dues, classes, and exam fees were $4, 265, and $4, 585 for students loans (paid off the entire Ontario portion of my loans this year, thank god). I already knew I spent a lot but I didn't know it'd be this high lol... My biggest expense this year was a $5k gift to my parents so they can visit family back home. Bracing for January 2024 since my annual student dues are coming up and I'm booked for a $2, 000 dental implant surgery (dipping into my emergency fund for some of this)

I genuinely love this channel and you two both! Keep it up :) Steph, I'm wondering if you're going to talk about Mint since I saw you mentioned you use them? Any thoughts on Mint shutting down since I also used Mint and I'm trying to find good alternatives that isn't YNAB. Thanks!