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Since last month, investments that I have purchased have been doing pretty good already (everything in the green, woot!). CPD which was not doing very well also picked up and I am in the green again.
I am already in vacation withdrawal and it seems so far away. I had all these plans of cooking and recreating the foods I made while in Thailand and so far I have made none of them. Guess that's always the case, eh?
Recently read an article in the Province (which has spawned a heated reddit thread) about a couple in Vancouver who live “young and cheaply in Vancouver” and spend under $250 on groceries per month and they don't eat out (apparently they are vegan), who earn $54000 annually in after tax dollars combined, and they travel internationally twice a year at $7500 per person AND are set to retire in their mid-30's! Passive income all the way, eh? I wonder how large their investment portfolio is 🙂 Talk about putting your money where your values are 🙂
My friends and I were talking about how much we spend eating out, and $200 seems like quite a large amount to be eating out… but I just found out my number is even higher.
I am pretty proud that this month my spending hasn't been too ridiculous. I spent just under $200 in March for groceries, but I did eat out a few times. The amount didn't seem very much but I just added it up and it was $325! Jeebus that is quite excessive! I did take my parents and sisters out for dinner though and treated my boyfriend a few times (we alternate).I think I live a pretty balanced lifestyle, I don't restrict myself eating out but I don't get at $50 per person places regularly.What's your going out for meals number?
Okay, so here’s the breakdown for April 2014 ($332, 100):
CASH: $57110 (+2.7%)
- 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: $98790 (+0.6%)
- 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: $44, 220 (0%)
- 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: $44 900 (+0.5%)
- 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: $720
- I applied for the CIBC Infinite Visa Aeroplan card and in the goal of travel hacking my way to trips and have been using it for a few months.
- 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: $184180 (-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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