I have lived most of my life on financial edge. First it was school, then it was contract jobs. There was never a moment of financial stability until about 2 years ago when I transitioned into full-time employment.
In that time between steady job and what felt like drifting, I was a hoarder. I’d save as much as my pay check as I could and stick it in a savings account, watching it grow a measly 0.5% at the time (this is pre-discovery of Tangerine and EQ Bank). My savings allocations were basically 100% emergency fund, 0% investments.
Things are so darn easy these days – in fact, now more than ever can we humans be ultra productive with our time. Take this bread maker for instance, which my girlfriend and I bought for her mother for Christmas.
Your first reaction might be: “Holy f***! A $400 bread maker?!” Rest assured, there was aggressive couponing involved and a strong sentiment behind the gift. My girlfriend’s mother is now alone since the passing of her husband, loves to make bread, and can now make 10 loaves in the time it would have taken her to make 2 loaves. She gets to pursue her passion with the top of the line device while my girlfriend and I get more bread. Win-win, right?
October is one of my favourite months because of something magical called fall and all the lovely Thanksgiving Day food that comes with it (leftovers, anyone?).
Excluding my one week trip to Rhode Island / Cape Cod / Boston (more on that in a future travel post, but a preview here), my expenses totalled $2179.20, giving me a savings rate of 57.4%. This is a drop from last October’s 60% savings rate.