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Accountability

Goals, shmoals. Didn’t set any this year because life was just chaos. I moved three times this year! I sold my house! I didn’t write about it because it felt so surreal for a while. It was about 6 weeks to close the deal, I moved. Yadda yadda, I’m alive, hey! Lets start with income;

My main job’s contract was renewed until December 2017, there will not be a pay increase which kinda sucks but I expect my net income to reliable be $24,352.44 for the year, which breaks down to $2,029.37/month (26 pays divided by 12).

Life has become a lot easier now that I am renting a one-bedroom apartment and no longer have to worry about paying the mortgage, electric expenses, renovation expenses and all the other “hassle” that comes with owning a house are all over with for now. No snowremoval to worry about… I just pay rent and that’s it! My rent includes internet and heat/electric so it’s just one nice round-ish number. It’s a nice change after 8 years of going at it alone trying to fix up an old house. I would NOT buy a house again by myself so for now I’m just saving for the future. 🙂 *o*

I’m setting goals right now for 2017. I started with doing a new monthly budget, things always vary but it helps to plan ahead and I’ll set up my monthly savings contributions accordingly.

My monthly anticipated expenses:

Rent: 450.00
Groceries: $175.00
Life insurance: $11.61
Clothing/misc: $40.00
gifts: $20.00
Blow money: $100.00
Health/Medical: $40.00
Car ins: $37.84
Copper (food/toys): $50.00

Total: $924.45 pre-savings (under 1,000, ha!)
Most of my other car expenses are deductible so I don’t count them in my personal budget. I have NO extra health insurance besides the basic provincial healthcare. I have NO disability insurance etc.

Left for savings transfers $1,104.92 = 54% of my net income! 🙂
I have completely ignored any travel expenses as all my travel is financed by a cottage cleaning job I have been taking on every summer for the past few years. It pays for every penny I spend on travel and that’s essentially why I do it! Out of my normal pay I’ll be budgeting my goals. I do have another third stream of income through renting out tourism properties for owners, which earns me another couple of thousand per year. I usually allocate this money to wherever it’s needed. This year I’ll plan to throw it completely at my vehicle savings, though I won’t count it here.

Total amount of regular income to be distributed: $13,259.04

RSP/TFSA: $448.14/month. $5,377.68 for the year.

House: $156.78/month
I set the goal for the year at $1881.28. I have some savings set aside for a future house and would like to round off the number by the end of the year!

Vehicle: $500/month will set me at $7,209.16 at December 2017 excluding any interest bits. This is only 60% of the $12,000 minimum I want/need to purchase a new vehicle. Assuming I’ll earn $2,000 with my seasonal job I’ll be at $9,209. I hope to make up the shortfall here by finding part-time employment, $2,800 in extra work shouldn’t be that hard to find… right? Categories where I may be able to scrimp are groceries, blow money and clothing. This will vary month to month.

As you can see, continuing to save for a future home and replacing my vehicle is still quite difficult on my income. I’m not really sure how I should handle this. Ideally I’ll be able to find supplemental income, which, since I won’t need it to live off, can be used entirely to siphon into my RSP’s/investments.

I set up the new goals in the widget bar on the side, let’s see how it goes!

Well, hey!

It’s been a while.

I want to go over the goals I set for 2015:

1. Stop using overdraft, live on last periods pay. Reach by end of February. Success!
2. Save and splurge on a nice new purse in the spring.  Cancelled this goal
3. Sell my house. Fail.
4. Max emergency fund to $10,000. Fail. .
5. Retirement TFSA/RSP combined* goal +$1,266.38; $4,500. Success!
6. Vehicle fund goal 2015 $208. Cancelled this goal
7. Future House 2015 $500. Cancelled this goal
8. Travel expense 2015 $1,500 jan – oct, after that is work depending. Success! (on target)
9. Last but not least a networth of $72,000. Cancelled this goal
10. Visit Cape Breton  Cancelled this goal, for this year
12. Go to East to West music festival in Moncton, NB Festival got cancelled! 🙁
13. Go camping in the Magdalen Island for a week Cancelled in lieu of other travel plans!
14. Get up at 08:00/08:30 five days per week. Success!
15. Lose 30 for 30. Success!
16. Track food and  journal exercise daily. Success!
17. Go swimming once a week (incl. in gym membership) Fail.
18. Complete c25k a second time by April 30, 2015 Success!
19. Start weighing in weekly by June 30, 2015. Success!
20. Average steps per day 8,500 Success!
21. Read more: read 30 books this year. Fail
22. Wear out shoes, don’t buy more, reduce total amount of shoes owed. Success!
23. Complete the #100happydays challenge. Success!
24. Finish two bible studies. Success!
25. Keep track of these goals weekly here. Fail.

About half are green, that’s great! As the year went on I changed priorities and some goals got cancelled to focus on other better things. There were four goals I didn’t make that I had wanted to but in the end that’s okay. I made progress in 2015. Nothing huge but… well some huge! I finally tackled the big $21,000 line of credit I had (house debt) and paid off every single cent over the year.

It’s June now and I’ve almost already forgotten until yesterday I sat down and looked at statements. I paid off $21,000 in a year. That’s pretty awesome!

The most notable improvements last year was in my health and routine. I feel like I keep writing about this since 2014 but there truly is still month-month improvement, every so small. Every time I think I can’t possibly go further, there is an even better day.  I wake up at a normal time, work at a normal time, and am asleep around midnight. I no longer struggle with not getting enough daylight! It has now been  been 3 years since I stopped night and overnight work (which I did for a few years) and this took the longest time to adjust. It is the combination of many factors, I bought a wake up light, forced myself into better sleeping habits, stopped taking the allergy medication that contributed to my night terrors, (mostly kicked depressions arse) lost weight, picked up my love for biking once more and ended the year at 148 pounds and with a healthy bmi, much fitter and stronger and mentally healthier than thew past few years!

2016-06-02 17.39.36

Riding the trails by myself.

According to my vivofit 2015 was my most active year to date, averaging 10,300 steps per day. Yeah!

I also ended up getting glasses for astigmatism in November and have been reading so much more since then. I have always been somebody who loves to read, throughout elementary and highschool books were my friends. Gradually the past five years orso the amount of reading I did decreased more and more. I also stopped blogging and stopped reading many blogs. I am convinced that my needing glasses was a contributing factor to all of this. I went for an eye test, havign not gone for at least five years and the doctor gave me some glasses to try, she said, you may benefit from them but it’s up to you. I wasn’t fully convinced, I saw a small difference but decided to give it a shot anyway and spent $50 ordering two pairs of glasses from Zenni.

I wear them every waking moment now. Life is blurry and less pleasant without my glasses!

Here’s a picture of that haha;

IMG_20160430_204427

 

So, that was my 2015. 2016 has been not so exciting until now and the only financial decision I did make was to start prepaying the rest of my mortgage to become 100% debt-free. (for as long as  I still have this house I am still stuck with this mortgage) I need to set some goals and workout some plans that I had been working on, business and personal.

What’s new in your world?

My bank accounts aren’t looking so good. But that’s no reason not to check in, in fact, checking in will help me face reality. I’m not upset about this month. There were some very emotional highs and lows and January is gone. I can only move forward from here. Now, let’s see how 2014 is going… versus the plans I made for it. 

Health

source below

source below

1. Continue to track my sleeping patterns. Success. I’m sleeping more hours per night, about an average of 8. My actual sleeping schedule is still wacky and I still wake up a lot. I tracked every day (with my fitbit)

2. Increase my step average to average out to 9,000 steps per day over the course of the year. Fail. Yikes. 6,362 was my average. :/ 11 months to go to get that up to 9k

3. Lose 5 lbs and keep them off by December 13th. No yoyo-ing. Fail. Haven’t stepped on the scale. My shorts don’t barely fit. I should face reality here… I don’t want to.

 

Project Move 

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1. Save a $10k emergency fund. Fail. This one requires a bit of a longer explanation: I siphoned a further $3k-ish into my company for taxbills. My emergency fund isn’t looking very ready for any emergencies.  This will be the last time I do that as we’ve decided that we will not repeat what happened just over a year ago, where we lost a load of money. We’re working on paying the resulting taxbill, once that’s paid we will only maintain the current contracts as long as it makes sense to do so timewise and financially and to keep jobs for people we care about. Some businesses work through losses… and sometimes that makes sense. We’ve done it before.

In our case, I am ready for a new chapter in my life and right now the only reason I am keeping the company running is to pay off that taxbill with current receivables and to keep jobs for people I care about. I have some great staff so as long as the current contracts run well, I want them to keep their jobs. If things go south, we will put the kebosh on things within a month or two and move on. In addition, I am looking for other employment already as I need a new challenge, I’ve graduated, time for new things!. 🙂 Once I find other employment/income streams my sister will take over and do as I’ve done for the past five years; run the company and work her way through school that way. (providing the kebosh thing isn’t needed, of course) I do also still want to carry out Project Move, as this section of my goals is aptly titled, and work/live in another country for 3-4 months in the future. (If I do find a job I suppose that means I’d have to take a sabbatical/hiatus of some sort as I’m not currently intending to move anywhere outside of Canada permanently) In the meantime… let’s keep on trucking.

2. Finish and sell my house by the end of the year. In progressI have a place to live once I sell, my mother who is a realtor with ReMax will be listing my house in the spring. I decided over Christmas that I was really ready to sell and while I struggled with the ‘oh no… I do kind of like my little house’… I’ve come to terms with it. Time for the next chapter!

3. Finish digitizing all my files that are able to be digitized. In progress. From 2008-2011 most of my business time was spent actually running a business, not so much sorting files and sitting behind a desk. While my files weren’t a huge mess or anything, I’ve been scanning in any non-taxrelated stuff so I still have a digital copy of it but less paperclutter lying around, the same goes for my personal stuff. Everything possible digital, accessible from anywhere… uncluding sitting in bed. Plus the minimalism thing, I’m trying to pare down gradually and live more clutter-free.

Other financial goals

Oh beach, how I long for you

Oh beach, how I long for you

1. RSP balance of $3,000. In progess. Right on track at $2,400 I think a little ahead even by 5 bucks, every nickel counts 😉

2. Cuba/hot vacation/spring vacation, $1,200. Done! While it may be argued that this wasn’t the smartest move financially. I’m not taking any time off until then, while I no longer work a ridiculous amount of hours I do have responsibilities that generally run 7 days a week. I’m really looking forward to this! I got together with one of my gf’s about two weeks ago and booked it. We’re heading to Cayo Coco at the end of March. Booyah! The price per person was $1075.00, a $50 rebate knocked it down to $1,050 pp, I used $43.50 in points and I have a $162.00 rebate coming through Great Canadian Rebates. Out of pocket $844.50 for 7 nights, 6 days from the airport that’s 10 minutes from my house, straight to Cuba. I’m very much looking forward to this! I am still counting on $1,200 as I need to bring some spending cash and $350 should be just about enough.

3. Short camping trip funded out of pocket in July. Longer world-trip in August/September. In progress. Plotting and planning.

4. A networth of $70,000. In progress. My networth dropped for the 5th consecutive month since September. Then I spent money on not one, but TWO trips. Mmm not so good. I’ve sharpened up my budget, am sticking to a strict grocery shopping budget and no-shoes/clothing/underwear budget which has been going well.  I’ve decided to cancel my healthinsurance. (price keeps going up, im young, healthy, I have provincial healthcare and I intend to switch out Blue Cross for  critical illness type insurance, which is mucho cheaper…) I have a lot of change ahead and hopefully the sale of my house soon.

It’s all a work in progress, I’m winging it and eventually I’ll get where I’m headed. All in all I listed 3 out of ten goals as fails, that’s not so bad!  🙂