Give Me Back My Five Bucks

I loathe waiting on transactions to post

I got paid today (hoorah!), so I updated my totals on the sidebar. You might notice that my line of credit is still sitting at 0% paid off. I put my new computer purchase of $3,152 onto my Visa card last week, with the intention of paying it all off with my line of credit. However, the transaction has yet to post to my Visa, so it leaves me in financial limbo at the moment. As soon as it posts, I’ll transfer the entire balance over. But since it hasn’t for this pay cheque, I’m not going to make a huge payment to my LOC, which currently has a zero balance. So instead, I put $1,000 towards my student loan debt, and now it’s over 80% paid off! w00t! In 2 weeks when I get paid again, I’ll make up for it by putting $1,000 towards the line of credit debt.

My direct transfer contributions to my RRSP and my Condo Down Payment fund will happen tonight, so I”ll post the updated numbers tomorrow. Hopefully the TSX isn’t such a bitch today.

Medical coverage and my looming surgery

I’m on my boyfriend’s health care plan from his work. So the plan costs approximately $100 per month to be on for the both of us (which is still cheap as hell), but he only has to pay the taxes on the cost of the plan. So taxed at a rate of 22% (it gets taxed as income on his paycheque), it only costs us $22/month for full health care for the both of us, including dental, and a $35 deductible on prescriptions. The prescriptions alone are worth it.

Anyway, the reason why I bring it up is because next Wednesday I have to go in for my wisdom teeth surgery. I know, I should have gotten it done a billion years ago … but I moved for University before I could even really think about it way back when I was 17. The surgery without health care would cost over $2,000, but it is fully covered under my medical plan … all except the general anesthetic, which I’ll have to pay $200 for, because apparently it’s not considered “essential” to the surgery. It’s a far cry from having to pay $2,000, but considering it a non-essential is pretty bold. I mean, would anyone in their right mind have their wisdom teeth taken out without being put under? Honestly, it seems so ridiculous.

There goes another $200, plus any lost wages from days I miss off work … damnit!

I wish I could rewind time

I wish I knew 5 years ago that I’d want a condo eventually. I really wish I had thought things through. Planned ahead. I wish I had saved up a ridiculous amount of money, so that when I did get to the stage where I could actually afford mortgage payments, I’d be okay with the 25% down payment to avoid that nasty default insurance.

But, I didn’t.

So here I sit, 24 years old, twiddling my thumbs and frantically trying to save up money as fast as I can. I wish I were like my sister. For some reason she has the “spend less, save more” gene I apparently don’t have. I wonder what made her the way she is, and made me the complete opposite. While I try to play catch-up with my finances, by the time she’s my age, I betcha she’ll be all set to go, without a financial care in the world.

The thing is, with our combined income, I know my boyfriend and I could easily buy a brand new condo right now in the downtown area, and be living quite comfortably – even in the hot real estate market we live in (the average house here costs over $500,000!) … but it’s tricky. Buying property with someone is a huge investment not only financially, but also in the relationship. I always thought that I’d buy my first condo by myself, and then buy my first house when I got married. Now that I’m in a relationship, and we’re looking down that long-term road, I don’t know if I like what I see.

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