2021 Financial Report

Once again, this financial report comes from our Vancouver home, as we’re still not back to taking epic vacations over the Christmas holidays. 2021 was a great year financially – we finished the year with a net worth of $671,316, which is an increase of $121,196 from last year. Our savings rate held steady from last year at 69%.

Overall Spending

Our total spending for the year was $24,190, compared to $24,429 in 2021. It continues to be much less than our normal spending due to not doing overseas travel, though we have been able to do some short trips around our home province.


Our housing costs were $10,350 for the year, or $862/month. This is rent and insurance on a small studio apartment in Vancouver, and has been consistent for many years – we don’t anticipate any changes here for the near future.


We continued pretty bad shopping habits for a good chunk of the year for pandemic reasons, though in the fall we started smartening up again and doing things properly. We also went out of our way to support some local restaurants we like so they hopefully don’t shut down. Our food spending for the year was $5,616, or $468/month, compared to $4805 in 2020. The breakdown was 83% groceries, 9% restaurants, and 8% snack foods.


Our third-largest category was health again, and like 2020 it was skewed towards some dental work. We’re in pretty good shape now teeth-wise, though of course we have no idea what 2022 will bring. For this category we spent $2,417, or $201/month, compared to $2517 in 2020.


Our entertainment spending was back down to our normal amount this year, coming in at $774 or $64/month, compared to $1,861 in 2020. This was heavily impacted by Covid shutdowns of a lot of the stuff we would normally do. This category split roughly evenly into books, video games, and movies.


Our travel spending continued to be very low due to overseas travel restrictions, and what minimal travel we did was strictly within Canada. This category came in at $1,172, or $97/month, compared to $1,356 in 2020. We continue to hope for overseas travel again, but the odds are not looking so good for the foreseeable future.


Our regular monthly bill, meaning internet and two cell phone plans, came to $943, or $78/month, compared to $1,013 in 2020. These have been pretty consistent for a long time, and we don’t anticipate any big changes.

Everything Else

The remainder of our spending for the year was $2,918, or $243/month, compared to $2,580 in 2020. This was heavily skewed to cat expenses and a few large purchases – specifically, a desk and office chair so I could work more comfortably from home, and a dehumidifier to survive the summer heat waves. This also includes personal care, transportation, and random smaller expenses.

Closing Comments

Despite everything happening throughout the year, we were happy to have another great fiscal year, hitting a few more milestones and bringing us ever-closer to financial independence. We look forward to hopefully another good year in 2022, and one day being able to do big trips again.


  1. Congrats to this great year! Did you differentiate how much increase was made because of income or by profit growth / interest during the years?
    And thanks a lot for all your tips! They are really motivating!

  2. I live outside of Chicago. Always worked for myself, but just scraped by, creating beauty and glad to do it. After 70 years of almost no medical expenses, I needed medical care. I was lucky that after almost 40 years of cohabitation, I married my partner, whose work record qualified me for Medicare. Just something to think about.
    You folks are welcome to couch surf at my place any time. (I don’t actually have a couch, but you’ll be warm and dry.) Did my best- no regrets.

  3. This is incredibly valuable I suggest you take a serious look at it. you guys could retire right now. Just sell Puts on SPY with margin 8% out of the money with less than 14 DTE. You’ll consistently make $15,000 per year per $100,000 of capital. You can start by purchasing VGRO in a TFSA with questrade. Then open a margin account with QT and activate TFSA margin power. while your TFSA is invested in VGRO you can use this as collateral and make 15k on a $100,000 TFSA. Try this out then when you see what Im telling you is true, set up an interactive brokers account for the non registered account to sell puts there (fees are lower here, but can’t use TFSA margin power with IB). Boom you’re retired and can live on the gulf islands today. Just another early retiree helping others out.

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