Give Me Back My Five Bucks

March Goals: My Review

I got paid today, so I updated the sidebar! $1,000 towards my student loan, $25 to my condo down payment fund (almost not even worth contributing, but at least it’s something), and $50 into my RRSP. The Emergency Fund won’t get much love for a while, but I’m not that concerned. I don’t foresee any major emergency that could cost me over $500 anyway. Plus, it’ll only be for a month or so until I’m completely out of debt. I also paid $150 rent, and $35 for a new field hockey skirt that my team ordered.

My boyfriend and I live in a basement suite that my parents rent out. I lived here rent-free while going to college though. Our total rent is $500 (all utilities included), and since my parents own it, I pay significantly less than market value for rent. So does the BF, but I still pay way less than him. Suites in a college town like this usually go for at least $800-$1,000/mo. It’s a pretty sweet deal. 1100 sq/ft, with in-suite laundry, and 2 bedrooms (one is converted into our gym). The only deal is I’ve gotta be out when I turn 25. My birthday is in October, but my contract runs out at this job in November. So my parents decided I can stay until I’ve found another job. Since I am looking to move to Edmonton after this job is over, it would be very hard to find a place that would let me move in on a month-to-month basis.

Anyway, it’s the end of the month, so it’s time to take a look at the monthly goals I set for myself!

March Goals (end of month review):

  • Talk to potential client for my graphic design business, and get a contract signed. She definitely wants to go with me as her web designer, but she is still getting herself (and her budget) finalized. She wants to make sure she has the money to pay me before I start doing any work. It’s taking forever to get this finalized, so it’s a good thing this is my side job, and I’m not counting on the income. It’s just a pain because I’ve turned down a few potential contracts b/c I thought I’d be working for this woman by now.
  • Take on a 3rd job that will yield 10-15 hrs/month or less. I’m honestly not sure if I want to take on the 3rd job. It doesn’t pay well, so is it really worth my time? I’m already busy practically every night of the week. I don’t think I’ll pursue this goal any further unless I start to have some free time. Because really, I already work up to 50 hrs/week, not including my design business.
  • $2,000 towards my line of credit. I put $900 towards it, which is still pretty good. But since I’ve revised my goals a bit in order to pay off my student loans faster, this debt will have to sit as is.
  • $1,000 towards my student loans. $2,000 towards it! Only $1700 remaining!
  • $150 towards RRSP. Done!
  • $75 towards Condo Down Payment fund. I’m happy to report I’ve contributed $200!
  • $300 into my Emergency Fund. I was only able to contribute $200.

All in all, I’d say it was a pretty successful month. I spent more than I wanted to, what with my dental surgery costing me $200, 2 birthday presents, and my accountant’s fee of $95 for doing my taxes.

One final push to the end!

That little bit of student loan debt has been driving me INSANE. So to stop me from going crazy, here’s what I propose to do over the next 2 weeks:

I currently owe approximately $2,700.

  • This Friday is pay day, so I’ll pay $1,000.
  • I’ll throw in my entire tax refund of $1,300.
  • April 13th pay day, I’ll pay the balance off of around $400!!!

So that means it will have taken me one year to get rid of that dumb student loan debt. One year on the dot, as a matter of fact. The seemingly unbelievable goal will be obtained! I can’t believe it! WAHOO!!!

I will now be completely debt-free by the end of May! :)

Blew the boyfriend’s birthday budget (say that three times fast!)

Well, I went and blew my $50 budget on the BF’s birthday present. There was this book he really wanted, but after shipping, it was a little over $100. Why was it so expensive? Because it was independently published and not many copies were printed, so the costs are higher. But he really wanted it … and he had only mentioned it a million times to me last week. Plus, it’s apparently a really informative book on the career that he wants to get into, and since it’s such a huge change in careers (from a computer programmer to a helicopter pilot), I want him to be as prepared as he can get. At least my sister will be contributing $25 to the present, so it’ll really only cost me $75. And that’s only $25 over my budget.

My sister and I also split a present for my boss at the arena. My boss always buys us chocolates and little presents for the holidays, and since her birthday is coming up, we bought her some gormet tea from Murchie’s, and a box of chocolates. My share of the present came to $10, so that’s not bad.

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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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