Give Me Back My Five Bucks

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Pay day & benefits breakdown

Today is pay day (and Friday – woo hoo!). My net pay is only $60 less than my previous job and I’m getting more vacation days and full 100% coverage health benefits for the both of us. PLUS, previous to this job, BF and I were paying $114/month combined for MSP (since we didn’t have a health plan), and that is now covered. So really, I’m making more than what I was at my old job, even though salary-wise I’m making a tiny bit less ($1k difference annually).

After my car payment and setting some aside for regular living expenses, here is what I was able to save today:

  • $300 Retirement Portfolio ($250 RRSPs, $50 TFSA)
  • $50 Emergency Fund
  • $100 Savings Fund
  • $75 Property Fund (BF also contributed $75)
  • $50 Travel Fund
  • $25 Car Fund

That’s $600 I was able to save, for a total of 43.5% of my net income.

I’ve had some people curious about my health & benefits package. I’ve already started coverage – there is no waiting period. There is also a $1 million lifetime maximum under the plan – so in other words I can’t exceed $1 million worth of benefits. It’s a 100% full coverage package, which includes extended medical, dental, short/long term disability, and life (2x annual salary). The cost of this package for BF and I (which also includes our MSP payments of $57/month each  = $114/month) is $23.54 bi-weekly. This means all of our prescription drugs are 100% covered, doctor & dentist visits, emergency medical, as well as specialist visits (up to $500 annually for each) like chiropractor, massage therapy, acupuncture, etc. We also have a Health Spending Account (HSA) of $250 annually that we can use if we go over the $500 annually for specialist visits, or if we go over for custom orthotics or vision (which neither of us need). This is one of the best health & benefits package I have ever seen.

Anyway, I’m closing in on my 4th week on the job. I can’t believe how fast time is flying by! My old job still hasn’t found a replacement for me (they probably never will with the ridiculously strange qualifications they’re after), and it really feels like just a few days ago I was still unemployed and depressed. It’s good. I’m excited for what’s to come.

Pay Day Friday

I am so glad the weekend is here!  I’d really like to do some maintenance on this blog, workout a few times, and perhaps see a couple of friends. Although nothing has been planned yet. I’d also like to get down to Washington to try on a few other pairs of VFFs. Not too long ago I mentioned that I’d be interested in running a marathon – well if I did run one, it would be wearing VFFs. Interesting, eh? As if running a marathon isn’t challenging enough – now I’m going to have to learn and adapt to running “barefoot.”

Since it was also pay day, this is what I was able to save:

  • $300 Retirement Portfolio ($250 RRSPs, $50 TFSA)
  • $50 Emergency Fund
  • $100 Savings Fund
  • $150 Property Fund

That is 43% of my net income, which is right about average. I would have been able to save a little bit more, but BF and I bought a stove off Craigslist today. :) It’s a good, reliable brand and only 6 months old. Asking price was $575. I told BF to negotiate down to at least $500, but we’ll see how he does. He hates haggling, but I love it! At any rate, even if he ends up offering $575, we’ll be paying less than $290 each for it. It’s about time we got a stove! But we still need to get everything rewired and vented before we can use it. But, it’s a start.

Philosophy Hope in a Jar

My face cream is dwindling down. I think I have 4, maybe 5 days left at the most. And as I was perusing Sephora online, I was comparing the prices between US and Canada. $38 US for a jar of Philosophy cream I was thinking about trying, vs. $50 CAD for the same one. I wonder if the prices in the stores are the same. I will make a trip to the mall today to check it out (I’m going to get my hair cut – haven’t gone over 3 months – my hair is looking a little sad).

But since I was contemplating a trip to Washington to check out Express jeans, it’s just another incentive to take a trip down if I can save quite a bit of money on my face creams. Depending on the prices in the mall store, that is. It might add up to be a good chunk of savings. Even with the exchange rate. And I’m all about saving money.

Just for reference, these are the items I was thinking of getting:

Total potential cost: $148 US

I anticipated paying around $150 to replace my entire face care regime, so this is right on track. Maybe a tad more. It is very rare that I have to buy everything all at once, but like I said before, I’ve only been using my day cream for the past 7 weeks, since I ran out of eye cream and night cream in December. Plus these jars are bigger by 0.5 oz than what I usually buy, for the same cost. Which is a bonus.

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A beginner's guide for Canadians looking to get their financial life in order. Get great info on budgeting and saving, RRSP's and pensions, investing types, insurance, and where to go for additional resources.

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