Personal Finance

Your Monthly Spending (Coronavirus Edition)

  • Last Updated:
  • Apr 23rd, 2020 10:57 am
Deal Fanatic
Jul 30, 2015
5098 posts
4402 upvotes
Toronto, ON
apnayloags wrote: Who cares about the economy. Let people save so govt doesn’t have to give cerb etc which is bigger than anything
The focus needs to shift from consumer based economy to something better. Treat gadgets and stuff like luxury. Priority to be food and shelter and healthcare before anything else.
The western worlds consumption economy has halted, down to human basics now
People need to smarten up and not be credit/interest slaves. Get rid of personal debts first, build saving and only then, splurge on luxury stuff
You have a job because of the economy. Most people don't like a 15% unemployment rate.
Deal Guru
May 29, 2006
10930 posts
3663 upvotes
we are saving 1100 on childcare and both still working from home so we are quite fortunate. I haven't put gas in my car in almost 4 weeks, and still have half of a tank left, im using to driving 70km a day for work.

i also eat takeout a lot at work, and coffee a lot, i have been eating all meals and coffee at home (we had a few resteraunt meals brought home but not much)

eating more groceries for sure, but eating a lot better, and not wasting food.

we both work in legal and so far its fairly stable.
Deal Fanatic
User avatar
Dec 16, 2015
5405 posts
5751 upvotes
Distance: 50 Metres
Porn subscriptions: +1000%
To the moon
Deal Fanatic
Jan 21, 2014
8511 posts
6255 upvotes
Income: no change (working from home)
Investment: down a bit (around -10% from ATH)
Spending less: gas, non-essential shopping, haven't been to Costco for more than a month
Spending more: utility bills, groceries because we can't pick and choose the stores with sale items anymore. i.e. yesterday we just paid $7 for a dozen eggs because they ran out of regular ones
Member
Feb 13, 2017
369 posts
350 upvotes
toronto, ontario
User455957 wrote: Where can you even spend $ right now?
Good point. Has anyone made a big ticket purchase recently?
Deal Addict
Jan 13, 2004
1629 posts
536 upvotes
Mississauga
Very fortunate for my wife and I to still be working, Spending much less and saving more.
"With today's sheep mentality sometimes I feel like going to a wall and just bang my head"
Deal Expert
Aug 22, 2011
41788 posts
30051 upvotes
Center of Universe
PhotoSmurf wrote: Good point. Has anyone made a big ticket purchase recently?
Yes, ~$5K to furnish a 2nd office for the wife, in which she'll be able to expense some of it.
Deal Guru
May 29, 2006
10930 posts
3663 upvotes
PhotoSmurf wrote: Good point. Has anyone made a big ticket purchase recently?
we are about to drop 7-8k on decking materials/gazebo, we were going to do hot tub also, but instead we will site prep for a hot tub and get the tub later, mostly because we didn't realize the cost of a hot tub, I thought 4-5k, but it seems like I need to double that. we are considering adding Air Conditioning as well.
Deal Addict
User avatar
Jun 23, 2017
1510 posts
1076 upvotes
Toronto, ON
Household Income...
- employment = -27%
- investments (mostly dividends) = N/A

Houesehold Expenses...
- housing costs (condo fees, property taxes, maintenance) = no change
- food (groceries and take-out) = +50%
- food (dining out) = -100%
- car expenses = -33%
- car insurance = +20%
- on-line shopping = +10%
- social expenses (friends and family) = -100%
- travel expenses = -100%
- retirement savings = no change
- charitable donations = +50%
Deal Addict
User avatar
Jun 23, 2017
1510 posts
1076 upvotes
Toronto, ON
PhotoSmurf wrote: Good point. Has anyone made a big ticket purchase recently?
i'm looking to purchase a vehicle. lots of dealers offering 'virtual video' showings of vehicles.
Deal Fanatic
Oct 1, 2004
6651 posts
995 upvotes
GTA
Just received our credit card bill, 4 grocery pickups, tank of gas, and cellphone/internet bill for the whole month. Crazy how much we have saved by staying in, no dining transactions or kids activities which cost at least $100 each time. Not to mention $65/day daycare we are also saving.
Deal Addict
User avatar
Jun 23, 2017
1510 posts
1076 upvotes
Toronto, ON
my wife's cc bill dropped from it's normal $4,000 down to just over $1,000 ....
i'm not complaining. Smiling Face With Open Mouth

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