Budget Breakdown: Financial Planning for a Full-Time Content Creator Making $200,000+

Today I’m doing a budget breakdown for a full time content creator who’s projected to make over $200,000 this year. She has no debt, lives with her fiance in Vancouver and has a four month emergency fund. Her financial goals are to build up her emergency fund to six months, max out registered accounts and continue to save for a 2025 wedding. So this budget breakdown is actually going to be for myself and I’m going to share with you guys my entire budget that I’m allocating for the month of September. I figured that this would be super insightful, especially for people who are curious about how I do it with such a variable income. So let’s get into it. So of course, I budget my net income, which is after the savings that I set aside for my taxes. And this varies between 6,000 to 18,000 dollars per month so far this year. I like to budget on the conservative side of things. This helps to ensure that I don’t fall into the trap of lifestyle inflation. It also prioritizes my savings and investment goals and it gives me a ton of flexibility if I make less money. So this is why I set my monthly income at $8,000 per month. So first, let’s go over my fixed expenses. This totals to $3,619. I have a rent highlighted there in orange because I currently pay for all of Rent A. It’s equitable in terms of like my income Versus Andrews and it also helps to lower my taxable income because I can claim a portion of rent as a business expense. And then for anything highlighted in pink for the rest of the budget, that is just to share that that is my portion. So Andrew pays for the other half. So now let’s chat about the needs. Variable expenses. So I budget in 400 bucks for groceries. This is pretty average straight across the board each month. And then for fuel, I’m budgeting in a hundred dollars and then a hundred bucks for household expenses. And then I’m also going to be budgeting in an extra hundred dollar for additional transportation costs. I will get into this at a later time because there is something happening in September that I’m super excited about. And then for the wants portion, this is definitely going to hurt. I’m budgeting $2,950. This is because I am potentially going to be buying a wedding dress. I am going dress shopping in a couple of weeks. So I am going to put that budget in. It hurts to see that amount in there, but you know, stay tuned to see if I actually end up buying something. And then for the savings portion, unfortunately, because I am budgeting in so much for once, I only have a little bit left over to budget in for savings. And this is going into all these different savings and investments buckets listed in here. So Having a look at the actual budget overview, just over 50% of my income is going towards like my actual necessities, 37% is going towards a want, which is obviously extremely high, but again, a wedding dress. And then 8% is allocated currently for savings. So if I do end up making more money, for example, then I’m gonna be allocating that entire amount into additional savings. And if I don’t buy a wedding dress, then that will also continue to go to savings.