So much for having my income tax done on time. I was very pleased with myself when I walked into the tax preparers office having all my annual numbers ready for them. Then they dropped it on me.
Due to last year's implementation of HST, I need to separate all the expenses into two: before HST and after HST. Then I have to calculate what all the expenses were, broken down into categories by month, not including any tax. Ugh. That means I'll be spending another full day with a calculator, some pencils, and trying to not pull all my hair out.
I did some shopping at Food Basics yesterday to stockpile a couple of things that were on sale that we use regularly, coffee being the main one. If hubby continues his new habit of taking home brewed coffee to work with him every morning, I'd like to make sure that we have some available for him. I purchased enough to last us for at least 2 months. I also took advantage of a sale on cereal.
I'm thinking that I should go back to the envelope/jar system now that we have a handle on all the big expenses again. With my little dibs and drabs of payments coming in here and there (that aren't part of the business income), I can budget for expenses and stick to them when the money runs out, thus leaving more in our various savings pots. We have so much to still save for. I am going to try my darnedest to reach all of our financial goals by year end. That will mean some sacrificing and changing the way we do things. I know I'm up for the challenge.
One other thing I realized over the past couple of days, is that I suffer from 'poverty mentality'. I'm not sure why, but I seem to think that we make less money than we actually do. I have this idea in my head that everyone makes more money than me. Perhaps it's because that's the way it's always been, growing up in poverty in my childhood and teen years. I'll have to think some more about that, see if I can get to the bottom of it.
Well, I'm off to get DD2 to school and take Cub to the care giver's place so I can redo my business expenses. Yay!