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Ermigod. I seriously. Need. To. Stop spending. Things will get back to normal after I come back from my Asia trip. It has gotten to the point that I started writing down what I spend on a daily basis in my calendar again. This awareness of where I am spending has been helpful… I realize that it isn't the small daily things like the latte factor that add up for me, it is more like big ticket items, like gifts, plane tickets (+$2000 worth of plane tickets), oh.. and shoes. I bought THREE pair of shoes in the past month. One for work, one to wear as a bridesmaid, and another one for work and regular dressy/casual outings. They were all $50 each though and on sale. I was tempted to buy another pair (this is why going to the mall is dangerous, I have no will power), nude Cole Haan patent leather peek-a-boo toe pumps but stopped myself because the shoes were too small. Haha. And they were not $50, they were $120. Phew!
There are two weddings (+1 more that I am attending for boyfriend's friend) this year.
I also actually went to test drive some cars. I realize that even though my car is 14 years old, there isn't any concrete reason for me to buy a new car except that you get the newer car feeling. I was quite impressed with the Honda FIT and the Honda CRV (not the new one of course because that looks like the back of an alien's head) but the 2010 CRV. I'm still debating on this one. Not really interested in dropping $20,000 when I don't have any particular need for a new car I guess.
Okay, so here’s the breakdown for February 2014:
CASH: $56330 (-1.7%)
- There is no reason for this drop except for frivolous spending..(!)
- I added up my chequing and savings accounts (High Interest Savings Account). I automatically deduct money from my chequing account and have it siphoned to the HISA account (paying yourself first)
- I have $4800 saved up for my big trip that I hope to do this year.
Non-Registered: $97020 (-5.2%)
- I moved $5500 from my nonregistered cash to the TFSA
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.
RRSP: $42,400 (+1.9%)
- This includes the pre-authorized monthly contribution into my TD E-Series account, a GIC in my ING Direct Account and a Questrade RRSP account.
I am seriously thinking about maxing out my TFSA instead, if I am not able to max out on both (read my TFSA vs RRSP great debate over here) from now on, as I will expect to have defined benefit pension when I retire.
- I'm not including my defined benefit pension which is >$32,000
- I paid back the Home Buyers Plan for my down payment in 2013.
TFSA: $43,760 (+14%)
- My TFSA is maxed out for 2014 now- I haven't decided what to buy yet with the money, need to do some research
- I bought 50 more shares of FTS.TO for a total of 150 shares
- Check out my dividend income spreadsheet!
- One of my to do tasks is to track my dividend payments in an excel spreadsheet
- Watch out for TFSA over contributions, guys, the CRA will get you for every last penny.
- I signed up for a Tax Free Trading Account with Questrade in 2009 and haven't looked back!
- My plan is to live in this for 1-2 years and then rent it out once I find my prince charming (haha…right?)
- I am not counting this in my net worth, because it’s 14 years old.
- I have started a separate ING bank account for a future car
Credit Cards: $2660
- The problem with not having Mint.com is that I can't see my credit card spending as easily so I ended up resorting back to the Mint.com account but I only added my credit card (this is helping a bunch so that I can keep track of my spending)
- I've redeemed $250 already this year with my MBNA World Points World mastercard.
- I've used my new Amex Aeroplan card twice so far.
- I pay off my full amount every month (and folks, it’s VERY important you do so otherwise you’re losing out on a 19% return!) but include it in my net worth update so I have an accurate picture of my actual net worth. I sort of think “If I were to sell everything right now, what would my net worth be?” I guess I shouldn’t put it in the liabilities column since i pay it off regularly, BUT in mint.com it’s under the liability column so I’ll do the same.
Mortgage: $185,390 (-0.3%)
- My intent is to rent it out in a little while (see above). In order to offset future rental income, I chose to acquire a mortgage instead of paying for the majority of the condo.
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