Give Me Back My Five Bucks

There have been two Moneyville articles that really caught my eye recently. There was one called How $100 a month can make you a millionaire by Madhavi Acharya-Tom Yew, as well as Can anyone really save $1 million?, by Allison Grifiths. In Madhavi’s article, she begins by telling readers that we can all become millionaires in 40 years just by starting off with saving $100 a month. As you get older, you increase the amount you contribute. Going from $100, $250, $500, $750 and finally with $1,000/month. The numbers are based on a 6.8% average return over the life of the … Continue reading →

Last Thursday night I geeked out by doing a practice run of my taxes. I don’t have all of my forms yet, but I knew enough to plug in most of the numbers. Turns out, I should be getting back approximately $2,500! Which is a shock to me, because I assumed with all of my freelance work, I would end up having to pay taxes. But, my RRSP contributions and my business expenses helped me out a lot. Because I consistently contribute to my RRSPs, I’m considering filling out the T1213 form which lets you request permission from the government to have … Continue reading →

This month will be the first month this year that I don’t have any traveling planned. That being said, it’s going to be a month of change, so I hope I will be able to stick to my budget. For those that don’t know, BF has spent the last 12 months in school and now, he is a fully certified paramedic! :) We aren’t sure exactly what is going to happen now, where he is going to end up working, or what that means to my money and our budget. But he will be looking to work up north for … Continue reading →

February has come and gone. Overall, it’s been a decent month. I’m a little upset that I had to spend money on a few things that I completely forgot to budget for. Still, I managed to squeak under budget for the month. But just barely. I’m looking forward to next month, where I won’t be traveling, and I can concentrate on saving more money. OVER BUDGET: Medical & Health Care – I had to pay for a 3-month prescription. Internet/Cable – We rented 2 movies on Shaw-on-Demand. Car & Transportation – I had to drive all over for work and … Continue reading →