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

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  • Опубліковано 21 січ 2025

КОМЕНТАРІ • 134

  • @stephandden
    @stephandden  Рік тому +6

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

    • @LenzGoDeep
      @LenzGoDeep Рік тому

      Outside housing, fuel. Watches, but I get to trade them so it make it cost less & it is so much fun!

    • @BrigitteCheong
      @BrigitteCheong Рік тому

      Between housing, gas, groceries, car insurance, and pets, I would say traveling I spent a lot of money.

  • @sherai55
    @sherai55 Рік тому +17

    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.

    • @stephandden
      @stephandden  Рік тому +2

      Thanks so much for sharing + your comment! 😊

    • @derrek1788
      @derrek1788 Рік тому

      How did you do 260 a month per person in groceries? No meat or fish?

    • @sherai55
      @sherai55 Рік тому +2

      @@derrek1788
      We shop at Costco always on sale, and bake all our own bread products. But like I said, this biggest difference is our garden. I grow about 100 lbs of tomatoes that I can into sauces, plus many pounds of squash, beets, potatoes, and a lot more. We utilize our freezer a lot for garden produce as well. This means we pretty much only buy pantry staples (flour, fry beans, rice), on sale meat, we eat little dairy, and then a bit of on sale fresh produce to hold us up during the winter. We rarely buy anything that isn’t a whole food.

  • @dominiquetheeasyminimalist
    @dominiquetheeasyminimalist Рік тому +30

    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! 👏👍🏻

    • @stephandden
      @stephandden  Рік тому +3

      Very true! Thanks so much, we appreciate it 😊✨

    • @autobotdiva9268
      @autobotdiva9268 Рік тому +2

      pink tax is REAL!!

    • @rahhjur
      @rahhjur Рік тому

      Sure, but she didn't include haircut in the personal care category.

  • @LenzGoDeep
    @LenzGoDeep Рік тому +16

    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!!!

    • @stephandden
      @stephandden  Рік тому +2

      🙏🏿🙌🏻 thank you so much! We love to hear that!

  • @Stephanie-ki5oz
    @Stephanie-ki5oz Рік тому +10

    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$!

    • @stephandden
      @stephandden  Рік тому +3

      That’s a great tip! Thanks for sharing 😊

  • @simonmai
    @simonmai Рік тому +2

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

    • @stephandden
      @stephandden  Рік тому

      Thank you so much, we appreciate that! 😊

  • @KingB_ALord
    @KingB_ALord Рік тому +4

    Yall really a power couple love it

  • @sayemkhan4506
    @sayemkhan4506 Рік тому +1

    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
    @ChrisAlvarezmrtranscendent Рік тому

    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.

    • @stephandden
      @stephandden  Рік тому

      Thank you 😊 we appreciate that!

  • @TheDiaryofKeishaMarie
    @TheDiaryofKeishaMarie Рік тому +1

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

  • @MFTW
    @MFTW Рік тому +2

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

    • @stephandden
      @stephandden  Рік тому +1

      Thank you so much! Almost there 🙌🏿🙏🏻

  • @michaelssali
    @michaelssali Рік тому +3

    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.

    • @stephandden
      @stephandden  Рік тому +2

      Ha, I love ‘I don’t starve just to save’ 👏🏻 good point!
      Thanks so much 😊 we’re glad you liked it!

  • @ginac4153
    @ginac4153 Рік тому +1

    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!

    • @stephandden
      @stephandden  Рік тому +1

      Thank you! + thanks so much for sharing 😊

  • @suddenlythree
    @suddenlythree Рік тому +6

    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.

    • @stephandden
      @stephandden  Рік тому +3

      Love that you’re consciously spending less per year - that’s great! Thanks for sharing 🙌🏿👏🏻

  • @artofnia
    @artofnia Рік тому

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

  • @user-pz9bz6sz6b
    @user-pz9bz6sz6b Рік тому +1

    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.

  • @evanchisamorejohnston5819
    @evanchisamorejohnston5819 Рік тому +1

    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

  • @KingB_ALord
    @KingB_ALord Рік тому +2

    Love how open u guys r ❤

  • @MoneyOpulence
    @MoneyOpulence Рік тому

    Thanks for sharing these tips. Keep it up!

  • @NarissaC16
    @NarissaC16 Рік тому

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

    • @stephandden
      @stephandden  Рік тому

      It’s scary but can only help you for next year! Thanks for watching 🙌🏿🙏🏻

  • @katherineprince1676
    @katherineprince1676 Рік тому

    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.

    • @stephandden
      @stephandden  Рік тому

      That’s great! Love that you track your spending, too 👏🏿👏🏻

  • @jeffkaczmarek
    @jeffkaczmarek Рік тому

    Great stuff! Just found you two recently and have learned so much so thank you! If you don't already - do you have a couple Spotify account? Somewhere else to have some savings. 2 separate accounts on a reduced bill!

  • @oluchinwagboso7996
    @oluchinwagboso7996 Рік тому

    I think im going to track my spending next year cause this was really cool ❤

    • @stephandden
      @stephandden  Рік тому

      We love to hear that! 👏🏿👏🏻

  • @peachieangie
    @peachieangie Рік тому

    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!

    • @stephandden
      @stephandden  Рік тому

      Hey! Thank you so much, and a big congrats for paying off the Ontario portions of your loan this year! 🎉 and thank you for sharing your highest expenses! We hope your surgery goes well (and we're happy to hear that you had an emergency fund that you could use!)
      Good question re: Mint! We've been using our budget template, instead over the past few months - I used to love using Mint, and found that this works similarly other than you fill in the expenses yourself manually (but I found that it helped me be more aware of my spending, anyways)
      Here's the link if you're interested! stephandden.com/budget-template 😊

  • @belloves2laugh
    @belloves2laugh Рік тому

    Loved this video!
    Where is your video regarding your scoliosis? I had a brace for 3 years and ended up needing a spinal fusion in middle school so I’d love to learn about your experience! I just started going to massage therapy this year.
    I spent around $40k this year and saved about 30% of my take home pay.
    My largest expense not including living expenses was travel/experiences at a bit over $4k but that’s where I prioritize my spending.

    • @stephandden
      @stephandden  Рік тому +1

      Thanks so much!
      Thanks for sharing that, I love hearing other people's scoliosis experiences, too! I had a brace for about 5 years (age 9-14), and didn't end up having to have surgery as a child, but I'll likely need it in the future - we'll see! I ended up with a 58 degree upper curve, so I definitely feel it on a daily basis. I made this short form video - ua-cam.com/users/shortsRnhra-Xqmuc but I'll definitely have to do a full length one sometime soon 😊

    • @belloves2laugh
      @belloves2laugh Рік тому

      @@stephanddenoh wow! That’s almost exactly what my curve was when I had the fusion. I now work in xray since I was so interested in it growing up. I see a ton of kids with scoli/post-op and work closely with surgeons. If you have any surgery-related questions feel free to reach out!:)

  • @jayeshiyer2347
    @jayeshiyer2347 Рік тому +1

    I'd love to see a breakdown video of a general grocery bill or tricks to get all essentials - $250 each is amazing especially in Toronto 😅

    • @oluchinwagboso7996
      @oluchinwagboso7996 Рік тому

      They did say it would be like 300 by the end of the year, is that more common for your area?

    • @stephandden
      @stephandden  Рік тому +1

      $250/month is the goal, but we ended up spending a bit more than that!
      But we have brought our grocery bill down from last year - we starting buying meat from Costco whenever we can (it's definitely cheaper buying in bulk there), and we try to only buy what we'll eat (ie. as little waste as possible). 😊

    • @jayeshiyer2347
      @jayeshiyer2347 Рік тому

      @@oluchinwagboso7996 So for me and wife, it's more like 750 a month total and I have a spreadsheet monitoring prices of essentials across different stores in Toronto (yes I am that nerdy 😄) but I don't see it reducing below that so wanted to learn what is getting covered in "groceries" for others

    • @jayeshiyer2347
      @jayeshiyer2347 Рік тому

      @@stephandden Yeah we usually get it from Walmart as it is closer for me and buying in bulk currently isn't an option due to limited storage in my condo, but I'd definitely take a look at Costco in the future. But if you guys can, it'd be great to see a Steph and Den go grocery shopping in Toronto video 😄

  • @juniormosomi
    @juniormosomi Рік тому

    Love this 🙌🏾

  • @05Kate_Daniels
    @05Kate_Daniels Рік тому

    Not sure if you are incorporated for your business but if you are, you can set up a health spending account to cover your health appointments. It will be tax deductible to your corp and tax free to you.

    • @stephandden
      @stephandden  Рік тому +1

      We are! This is definitely something we’ll look into in the new year - thank you! 😊

  • @allisonelang
    @allisonelang Рік тому

    Question from someone else that is self-employed 🙋‍♀do you pay your taxes quarterly or all at once? Trying to learn from other self-employed Canadians how they manage savings and their business taxes 😄

    • @stephandden
      @stephandden  Рік тому

      Hi! Good question - up until now we've paid them all at once, at the end of the fiscal year, but we're switching to quarterly from now on (it's required once you've hit a certain revenue threshold). 😊

  • @bhoomivaghela6927
    @bhoomivaghela6927 Рік тому

    Hey @stephandden, do you use any apps to track expenses?

    • @stephandden
      @stephandden  Рік тому

      We use our budget template! stephandden.com/budget-template 😊

  • @mik8561
    @mik8561 Рік тому +2

    Love this. Can you do this video monthly?

    • @stephandden
      @stephandden  Рік тому +6

      Thank you! So glad you liked it 🙌🏿👏🏻
      We’ll definitely do more videos like this next year! We were thinking maybe quarterly 🤔

    • @oluchinwagboso7996
      @oluchinwagboso7996 Рік тому

      ​@stephandden yeah quarterly gives a chance to see a pattern 🤔

  • @lifeof.chrystina
    @lifeof.chrystina Рік тому

    The dental office that opened up downstairs in my building had a promo for a free cleaning and for some reason you guys came up in my mind because I feel like it would be something you would mention on a tiktok to save costs for a self employed person or someone without benefits.
    Also, why not have a spotify duo account? It's cheaper than paying separate accounts

    • @stephandden
      @stephandden  Рік тому

      We saw that there's a new Toronto dentist office doing free cleanings! We unfortunately had just went the month before, but if it's still around in a few months we'll look into it 😊

  • @KingB_ALord
    @KingB_ALord Рік тому

    Love u guys channel so much

  • @KingB_ALord
    @KingB_ALord Рік тому

    Love that u guys r also from Toronto so am I u guys should get electric scooters it will save transit & taxi money in the non winter weathers

  • @fasteddy3336
    @fasteddy3336 Рік тому +30

    Are you wearing the hoodies because you are trying to keep your utility bill down? Or you both just look fabulous in your matching hoodies? 🤣🤣 great videos, and great content. Happy holidays.

    • @stephandden
      @stephandden  Рік тому +7

      Ha! Let's go with both 😂 and thank you so much! 🙏🏿🙌🏻

  • @carmenghiran3459
    @carmenghiran3459 Рік тому

    My employer pays $20,000+USD for health insurance alone without us even using it. I also contribute a few thousands each year again simply for contribution. 😩 Auto and homeowners insurance can be high!

  • @jorgeandrade7872
    @jorgeandrade7872 Рік тому

    I pay around $350 every time my family and I go to grocery store, we go every week 😢, we are 4 in the family I can not imagine how much is yearly

    • @stephandden
      @stephandden  Рік тому +1

      It's definitely harder for a larger family! We found buying meat in bulk at Costco helps a lot 😊

  • @RandomHumanoide
    @RandomHumanoide Рік тому

    Great video guys! Can you do an update on the wealthsimple investing performance? Do you think you'll be switching over to picking individual stocks/ETFs? I'm currently on the fence of committing to either or because I am still a novice with investing but I want to catch up in my contributions.

    • @stephandden
      @stephandden  Рік тому +1

      For sure! We’ll have a video dedicated to this topic coming soon 😊

  • @tn98544
    @tn98544 Рік тому +1

    Their low cost on public transport and ubers rly justifies not having a car. Insurance alone can run you 2-3k a yr. I worked at the insurance companies but decided I like the freedom and savings for not having a car as one of my fixed expenses

    • @stephandden
      @stephandden  Рік тому +1

      Great point - the monthly costs associated with having a car can really add up! Parking when you’re in a bigger city is important to factor in too.

  • @Mr24DJLakers
    @Mr24DJLakers Рік тому

    Great video!! Where are the hoodies from?

    • @stephandden
      @stephandden  Рік тому +1

      Thank you! Dennis’ is from Old Navy, mine’s from Aritzia 😊

  • @lockhart1895
    @lockhart1895 Рік тому

    Where can I buy those hoodies

    • @stephandden
      @stephandden  Рік тому

      Ha! Dennis’ is from Old Navy and mine’s from Aritzia 😊

    • @lockhart1895
      @lockhart1895 Рік тому

      @@stephandden thanks !! they look so similar though they were the same brand, which one is more comfortable tho ? haha

  • @Marites.medina
    @Marites.medina Рік тому

    Would you both consider splitting a Spotify family plan to bring down the cost a bit?

    • @stephandden
      @stephandden  Рік тому

      Right now it would cost more for both of us to split a plan since Dennis’ cost is so low! I’m sure one day we’ll do that though 😊

  • @swaggyg6017
    @swaggyg6017 10 місяців тому

    Saving 1,200+ per month in Rent is insane living in DT Toronto haha

  • @autobotdiva9268
    @autobotdiva9268 Рік тому

    changed my pay myself first starting 1/1/24 already with automatic payments. gonna be rough with all this inflation but oh well. overtime is offered and will be worked. ill be dog tired

    • @stephandden
      @stephandden  Рік тому

      Amazing! You've got this - 2024 will be a great year. 🙏🏿🙏🏻

  • @Porcelynnn
    @Porcelynnn Рік тому

    I don’t know which category I spent most on but the card I used the most was my Chase card!!

    • @stephandden
      @stephandden  Рік тому

      Thanks for sharing! What types of purchases do you use that card for? 😊

  • @munchkinshah
    @munchkinshah Рік тому

    How do you have a $42/annual phone bill?! Or even $406. What carriers and plans…

    • @stephandden
      @stephandden  Рік тому +1

      We cancelled our phone bills in April!
      But Dennis had a good plan with Public Mobile - $42 every three months 😊

  • @ckrystal141
    @ckrystal141 Рік тому +1

    Would y’all ever dabble in vlogging your days every once in a while so we can get to know y’all more but also see how you stick to your budget in your everyday life. What does your lifestyle look like with budgeting so well

    • @stephandden
      @stephandden  Рік тому +1

      We try and share more behind the scenes / our day-to-day on our Instagram page! 😊

  • @thelmagwanzura283
    @thelmagwanzura283 Рік тому +1

    Thanks for great content. I only spent less than $500 on takeout/restaurants the whole year. My weakness is clothes lol I’m yet to add it up.

    • @stephandden
      @stephandden  Рік тому

      That's great! Ha, everyone has a 'weakness' in their budget somewhere 😅

  • @thelmagwanzura283
    @thelmagwanzura283 Рік тому +4

    Congrats Steph for winning lol

  • @jaskarankaur6334
    @jaskarankaur6334 9 місяців тому

    42$ a year phone bill?

  • @ImaniLove94
    @ImaniLove94 Рік тому

    I spent $3313.21 on dining out this year!

    • @stephandden
      @stephandden  Рік тому

      Thanks for sharing! 😊 + love that you have an exact number 👏🏿👏🏻

  • @Flour483
    @Flour483 Рік тому +2

    great video but why don't you share spotify together? there is no need to spend money on the same platform right?

    • @stephandden
      @stephandden  Рік тому +5

      Dennis has been on a plan with his friend for like 10 years (it's the friend, his family, and Dennis on it), so it's really cheap! 😊
      Then I just got Spotify last year because I wanted my own Spotify wrapped, ha! 😂

  • @tyng-shyanhuang9460
    @tyng-shyanhuang9460 8 місяців тому

    $1430 in 2023 for my husband and I in downtown Calgary, Alberta.

    • @stephandden
      @stephandden  8 місяців тому

      Thank you for sharing! 😊

  • @kimwieczorek1879
    @kimwieczorek1879 Рік тому

    250.00 mo. on groceries is great!!! Us tôo🎉❤

  • @daviedukes1226
    @daviedukes1226 Рік тому

    are they from degrassi?

    • @stephandden
      @stephandden  Рік тому +1

      Us? No, ha - I loved watching Degrassi though!

  • @meekiss
    @meekiss Рік тому

    Woah how are you paying 600 / month in utilities and live in a condo? I pay 50 max

    • @stephandden
      @stephandden  Рік тому

      We’re not - these are annual totals! 😊

  • @Paws_RC
    @Paws_RC 10 місяців тому

    $2316.33 for a couple over last year

  • @hatemalmuteiri4356
    @hatemalmuteiri4356 Рік тому

    Great video. I enjoyed it

  • @michael_chartrand
    @michael_chartrand Рік тому

    2700 just in ubereats 🙃

    • @stephandden
      @stephandden  Рік тому

      UberEats is a blessing and a curse 😅 ha!

  • @Porcelynnn
    @Porcelynnn Рік тому

    I’ve spent like $31,000 this year… UHHHHH😅😅😅

    • @stephandden
      @stephandden  Рік тому

      Love that you know the number! 👏🏿👏🏻

  • @alexboyd1501
    @alexboyd1501 Рік тому

    I'm sorry but how is $282 a month per person on groceries possible?!?! do you not eat food? lol our budget for food is wild in comparison

    • @stephandden
      @stephandden  Рік тому

      Ha! We definitely used to spend more than that, but we cut it down last year! The biggest changes we made were buying meat in bulk at Costco, and eliminating as much food waste as possible by planning our meals / grocery list 😊

    • @alexboyd1501
      @alexboyd1501 Рік тому

      @@stephandden Good for you guys! I still don't see how it is possible for my husband and me haha We do the same in regards to eliminating food waste and are great with meal prep and planning but would love to see a vid (maybe you already have one I'll look) on how you grocery shop and make meals!

  • @imWillJ
    @imWillJ Рік тому +1

    rent raises should be illegal, but if i was a landlord i probably would think otherwise 🤪, but other than that great content, the quality of those sweaters look great.

    • @stephandden
      @stephandden  Рік тому

      Hahah, so true! Thanks so much 😊

    • @michaelssali
      @michaelssali Рік тому

      How do you expect the landlords pay for their expenses when inflation happens? I think their rent increasing by $50 is not bad. Here in Memphis, Tennessee, 20 years ago the average rent price was $550 for a one bedroom apartment; now it's $800. The price of all good and natural resources affect the cost of housing. Steph and Den could make a video about this.

  • @therichbuddha3277
    @therichbuddha3277 Рік тому

    Steph, I bet I could out spend you. We did in a think big abundance exercise in a coaching program where you start with $1,000 and it dbls everyday as long as you've spent all of it. It doubles until it hits $1,024,000 Caveat, you had to spend only on yourself up to $64,000 then you could gift, invest. I had absolutely no problem getting to zero. LOL

    • @stephandden
      @stephandden  Рік тому +2

      Wow, that's an interesting exercise! Definitely an abundance mindset, ha! 😂

    • @michaelssali
      @michaelssali Рік тому +1

      Finally someone who speaks my language; I love ❤️ having an abundance mindset.

  • @Jibril_Abdulkadir
    @Jibril_Abdulkadir Рік тому

    Another great vid from you guys 🤍