Want a Good Job? Try these things.

job-application

I lectured in a university accounting seminar a few months ago for a cohort of graduate students from all academic fields. Some were PhD candidates, others pursuing MFAs, MAs, MScs – the gamut.

Afterwards, I was approached by several of the students in the course asking for my card. Their intentions were clear: they wanted to network and I was happy to oblige. After all, today’s job market seems to be all about who you know, and I exhausted other prospective employers with my desire to network when I was younger. So I had to pay it forward, of course!

Continue reading “Want a Good Job? Try these things.”

Advertisements

The Appalling Cost of a Suit.

And why it was worth it.

36087842_10102518199680677_4838871551954649088_o-e1530836901238.jpg
This suit is the third most expensive thing I’ve ever bought. Also: I was playing croquet at a wedding.

I walked out of a store on Friday after having just spent $750 on a suit. Your reaction will either be: a) That’s peanuts, we know that a really great suit should cost you about $2000, or b) Holy hell, that’s a lot.

If you’re in category B, this article is for you because it’s certainly how I felt. If you’re in category A, your values are clearly different than mine.

Continue reading “The Appalling Cost of a Suit.”

June 2018 Financial Update

A good month of spending…

May 2018

June is when spending can get dicey – the weather turns favourably warm, patio season is in full swing, and I probably crave ice cream or beer (two terrible things for me) almost daily.

Fortunately, I had my best month of the year so far in terms of spending, dishing out $2,167.28 this month, courtesy of two nice highlights.

Firstly, I switched cell phone providers and now have a $0.00 phone bill until December thanks to over $380 in credits. I also spent ZERO dollars on transit this month due to the BikeShare system, which I wrote about here. If it weren’t for attending a friend’s wedding and my apartment requiring tenant insurance all of a sudden, I would’ve been sub-$2000 easily.

Either way, my savings rate for the month was 63% and even better: my net worth jumped over $5000!

Continue reading “June 2018 Financial Update”

Renting in the City: What a $1860/month “deal” gets you in Toronto

toronto-1694601_960_720
Toronto City Hall… a space ship looking building.

Toronto is a notoriously expensive city. Rents are highest in the country, just after Vancouver. It’s getting so bad, even New Yorkers who move North for a better life are complaining.

Rent payments are almost an afterthought – every month, money gets deducted from my bank account and I’m forced to accept it. Still, when I read in that article that average rents for a one-bedroom condo had soared to over $2200, I gasped at the misfortune of my fellow Torontonians.

Now, recall that $2200 is on average. That means some people are paying more. Some people are paying less. I fall in the category of paying less than that – substantially less on a “great deal” of a place.

So let’s talk about that: what does living in Toronto on a “deal” actually get you. I have a strange feeling some readers will still be appalled based on how much our apartment costs even though my neighbours might consider it a steal. (Note: we moved in fall 2016)

Continue reading “Renting in the City: What a $1860/month “deal” gets you in Toronto”

The Bicycle Rookie

A first-time cyclist in the big city.

2000px-USDOT_highway_sign_bicycle_symbol_-_black.svg

Biking. That thing that some people take up naturally, zipping through city streets with confidence and efficiency. It’s one of those things a lot of frugal folk can’t help but extoll the virtues of, Mr. Money Moustache included with his post of “What Do You Mean ‘You Don’t Have a Bike’“.

Continue reading “The Bicycle Rookie”

Blogging: One Year Later

I made it!

blue-calendar-vector-clipart

It’s officially been one year since I started blogging here on Stretching My Money. Did I think I’d make it this far? Definitely not. But here I am, one year later!

In that time, I’ve written about many things, ranging from net worth updates, travel, favourite board games, and even our mortality. Who says personal finance blogs can venture into new territory?

In that time, I have personal favourite posts that resonated with many of you, and others that didn’t. But heck – this is my anniversary so I’m going to list my favourite posts from the past year, regardless of the number of views:

Continue reading “Blogging: One Year Later”

May 2018 Financial Update

A good month of spending…

Net worth

Remember how last month I bought a $722 suit? Well, this month I bought a pair of $300 Allen Edmonds shoes and then some. More on why later in this post. The girlfriend and I also splurged on several dates and a camping trip with friends.

The spending this month was $2634.12 for a savings rate of 55.31%. The biggest observation I’ve made since I started my higher paying job has been an increase in spending. As much as I mentally committed to keeping expenses the same, frankly my actions have proven otherwise. Still, on an overall basis for the year my savings rate sits at 59.52% and should only increase with reduced paycheck deductions (Canadian Pension Plan & Employment Insurance deductions stop after the first $55,900) and a 3 paycheck month coming in August.

My net worth also jumped almost $4000! The power of saving is awesome.

Continue reading “May 2018 Financial Update”