Category: Networth (page 1 of 9)

Achievement unlocked – $100k networth!1!!

This has been a long time coming, 100k! It’s kind of a big thing when you’re a youtuber and hit 100k subscribers, you get a plaque and everything. Do they do anything like that for Instagram? That should be a thing.  This is a different 100k though, I was off on a tangent already… I hit a networth of $100,000 last week after I deposited my paycheque from my term job!

My networth is the sum of everything I own and owe, I don’t literally have $100,000 sitting in a bank account somewhere, although that would be nice and that is a goal. Spread over all my accounts however $100k is what I’m worth today.

I’m still using YNAB to track my networth, expenses and budget and I’m still using an older discontinued version; YNAB 4, because I very much dislike subscription software. I guess NetworthIQ will never be brought back to life? Remember that site? I remember painstakingly updating that little chart every time I was able to go up a few dollars, back in 2006. I had a negative networth and  I had my computer sitting on one of those big plastic tubs and would sit on the carpeted floor in the second bedroom of my condo out in Edmonton. That feels like  a lifetime ago.

This little milestone though, 100k$! I would tell you that achieving this from being to my eyeballs in debt back in 2009  feels really amazing and blahblahblah but that would be a lie… it felt like.. mostly nothing, it felt like… I’m on auto-pilot.  It feels nothing like the elation I felt when I paid off my student loan. I thought it should feel like this amazing thing that was happening but really it felt like a slight bump in my journey to financial independence, a slight upward tick, and on we chug.  It’s been a goal for a long time! It feels like I need a big NEXT! a big THING! What IS next?! I’m excited to find out.

I have finally achieved some sort of equilibrium, I’ve achieved some balance between saving and some spending, living a satisfied life without excess.

I am incredibly blessed to be here right now.

(The 1 in the title isn’t a typo, I miss you Chris!)

25 Goals for 2015 – February Summary.

Financial

I hit every financial goal this month. I didn’t screw up anything and I’m actually a little bit ahead in some accounts. I can easily fall behind again in March so this doesn’t change anything. I’m just going to keep trucking and make this an awesome year. My house still hasn’t sold… and I won’t drop the price to below what the market should pay just to get rid of it, so I’ll just sit and wait. Let’s recap:

1. Stop using overdraft, live on last periods pay. Reach by end of February. Done. Anytime I have money in my chequeing I feel the urge to either spend, invest or save it. It was strange getting used to having a balance in my account instead of letting the overdraft take care of things. It feels better now though, I have all my bills on schedule including my savings contributions, and cash in my wallet and a balance in my chequing. Haven’t been here in a while!
2. Save and splurge on a nice new purse in the spring, Michael Kors Dillon? Haven’t done anything with this yet.
3. Sell my house. Take the money and run. In progress
4. Max emergency fund to $10,000. Save $571.59/month. Done. I actually put in more this month because I had a little bit of extra income from a cottage rental. 🙂
5. Retirement TFSA/RSP  $105.53/month. Done.
6. Vehicle fund $17.33/month. Done.
7. Future House  $41.66/month. Done.
8. Travel expense 2015 $1,500 jan – oct, after that is work depending. Haven’t done anything with this yet.
9. Last but not least a networth of $72,000. In progress

My emergency fund and networth progress are looking like I’ll have a great year, providing I bank the extra money I earn with my summer job and don’t spend it all on who knows what. I haven’t always been good at that. I anticipate to earn more from my summerjob(s) this year than in previous years, perhaps $2,800 – $3,000. If I keep up my savings and don’t touch a penny of my other earnings, by the start of September I should hit that $10k. In February I saved 54.5% of my income, that’s not really a sustainable rate but I am aiming for saving 38-40% of my income going forward from now until… eternity.

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Travel

I didn’t go anywhere yet this year, sadness. I wasn’t planning to but hay, you never know! I am trying to convince the boyfriend to come to Cuba with me on a last minute deal, but he’s resisting, I just keep dreaming, I’m sure I’ll end up going to places I’ve never been this year. 🙂

10. Visit Cape Breton. Haven’t done anything with this yet.
12. Go to East to West music festival in Moncton, NB  Festival was cancelled 🙁
13. Go camping in the Magdalen Island for a week. Haven’t done anything with this yet.

I do have an airbnb credit and a best western free night to use up, and a bit of points on my AMEX. I’m hoping to apply for a new creditcard this year to get a few points to put towards another big trip in the fall.

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Lifestyle

Well, I was sick for more than half the month, I didnt get to the gym once, or the pool… I didn’t put full effort in at being active when I could be, February was just a writeoff in that regard. My routine is going well but overall this category ended up kinda meh.

14. Get up at 08:00/08:30 five days per week. Done.
15. Lose 30 for 30. Fail.
16. Track food and  journal exercise daily. Done.
17. Go swimming once a week (incl. in gym membership). Fail.
18. Complete c25k a second time by April 30, 2015. Haven’t done anything with this yet.
19. Start weighing in weekly by June 30, 2015. Haven’t done anything with this yet.
20. Average steps per day 8,500. Fail. I think I’m hovering around 7,500. The fitbit website keeps failing me the last few days. I was sick the first two solid weeks of February, I petered on about another week and this past week has really been the best week yet. I still have a rumbly cough. I ended up on antibiotics. Whatever I had was not fun!
21. Read more: read 30 books this year. In progress. 
22. Wear out shoes, don’t buy more, reduce total amount of shoes owed. In progress. Can I go the summer without buying any new footstuff?
23. Complete the #100happydays challenge. In progress.
24. Finish two bible studies. In progress.
25. Keep track of these goals weekly here. Done.

For March I would really like to decrease my restaurant and grocery budget even more. I spent $66 in restaurants, 4 x breakfast at Tim’s, one dinner with a friend and one lunch at work when I got stormstayed. It should be fairly easy to cut this down even more. My grocery budget also peaked at $312 and besides increasing grocery prices I really can’t think of what the heck I spent so much on! 

And, whambamthankyoumam, that was it for February. I better get on with my taxes.

25 Goals for 2015 – January summary (Week 4.)

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Week 4. January 25 – 31, 2015. One month down… 11 to go. 

My parents finally came home this week. I’ve been taking care of my 14year old sister and four year old niece – Basically mom-dutying for 12 days. Getting them fed, dressed and driving them to school, picking them up (no school bus), feeding them again…. You get the point, while attempting to keep up working almost-full-time. It was hard! I know that when you have kids you gradually grow with them, having a teenager and a toddler dumped in your lap suddenly is quite the lifestyle change!

2015-01-14 15.13.28

Unfortunately my parents got stuck in NYC on the way back due to the big winterstorm that came down the east coast so 12 days turned into 16. I managed to get away for three nights while my other sis watched them through the 16 days to preserve my sanity. It was fun, and hard. My parents finally made it back on the 29th and SURE ENOUGH on the 30th I got sick and I’ve been sick for a full week since.

Having the kiddos here really helped me get into a routine sleeping-wise, which is AWESOME. However, I didn’t have time to go to the gym and it exposed me to whatever they brought home from school and I ended up with a very sore throat/fever that seemed like strep, and now a week later it seems I have bronchitis. Fun stuff, great for the finances though because I haven’t spent very much, not eating out much is great on the wallet! Now for the details:

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Goal recap.

1. Stop using overdraft, live on last periods pay. Reach by end of February. Done.
2. Save and splurge on a nice new purse in the spring, Michael Kors Dillon? Haven’t done anything with this yet.
3. Sell my house. Take the money and run. In progress.
4. Max emergency fund to $10,000. Save $571.59/month. (or: future house) Done.
5. Retirement TFSA/RSP  $105.53/month. Done.
6. Vehicle fund $17.33/month. Done.
7. Future House  $41.66/month. Done.
8. Travel expense $1,500 jan – oct, after that is work depending. On target
9. Last but not least a networth of $72,000. An increase of the amount I plan to save and any small gains in interest/value. :) On target.
10. Visit Cape Breton. Haven’t done anything with this yet.
12. Go to East to West music festival in Moncton, NB. This got cancelled so I can’t go 🙁
13. Go camping in the Magdalen Island for a week. Haven’t done anything with this yet.

I hit all my financial targets this month, all my savings targets are spot on. It went well! I haven’t made any concrete travel plans and my house still hasn’t sold though. 🙁

2015-02-07 10.33.47
14. Get up at 08:00/08:30 five days per week. Done.
15. Lose 30 for 30. In progress.
16. Track food and  journal exercise daily. Done.
17. Go swimming once a week (incl. in gym membership) Fail.
18. Complete c25k a second time by April 30, 2015. In progress.
19. Start weighing in weekly by June 30, 2015. On target.
20. Average steps per day 8,500. Done, average was 8,834 for January.
21. Read more: read 30 books this year. In progress. Read two in January so a bit behind.
22. Wear out shoes, don’t buy more, reduce total amount of shoes owed. In progress.
23. Complete the #100happydays challenge. In progress.
24. Finish two bible studies. In progress.
25. Keep track of these goals weekly here. Done!

Healthwise things went well, I’m keeping up with being active more in general (which needs to be a permanent lifestyle so I’m taking it slow)  my workouts are still lacking. I slimmed down a bit this month, I’m not sure how much in centimeters or actual kilos and it’s not actually that important for the time being, my pants fit better and I feel and look better. I am still tracking everything I eat and my sleeping and activity patterns daily.

The benefit of eating at home more and spending less at Tim Horton’s (I’m not a huge burger and fries eater but I do love breakfast sandwiches) is that I’ve been doing some experimenting in the kitchen. This morning I made chocolate banana baked oatmeal (pic above) and I tried making chia pudding. Any time in the past few years I end up eating out a lot more I tend to forget how much I enjoy cooking and baking.

And that’s a wrap! Happy February!

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