November 2017 Financial Update

instant pot

November. The worst month of the year. Dreary. Long. And full of consumerist temptation in the form of Black Friday and Christmas shopping.

Spending went up, thanks to some of that shopping but all in all I had an amazing month. I got a job offer for a new gig with a 24% increase in salary which I start in December, scored a semi-kind of bonus at work, and got offered a side hustle speaking gig for 2018. All in all, that gave me a savings rate of 69.22% despite spending $2554.23.

So dreary? Yes. But life goals are chugging along just fine.

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October 2017 Financial Update

A simple spending month in the beauty of fall.

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The great thing about friends? They take you places, like free NBA games.

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.

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I need to grow up, get married, and buy a house.

According to my dad. I wholeheartedly disagreed.

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Someone get me a bucket to throw up in.

Like all children of parents, arguments happen. It probably happened as a kid when you were denied that thing you wanted – and for good reason. You probably didn’t need that thing. Your parents were smart, you were just a kid. But as you get older, the arguments start to get a personal – like marriage, homeownership, and children.

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September 2017: Financial Update

Another wedding, rent increase, and a dividend income record.

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Giving blood was a great date idea!

September is historically a busy month and this year was no different: summer mode ends, work gets busier, and you try and cram as many outdoor activities as possible before the weather gets cold. Rent also went up 1.5% annually, as it does after 12 months of living in the same spot. That resulted in expenses totalling $2275.69, inclusive of a wedding for some close friends where I gave $200.

My savings rate this month dropped to 55.4%, even with reduced CPP and EI deductions from my paycheck – but at that savings rate, I’m not going to complain too much.

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A Guide to Dollar-cost Averaging

Why I invest my money, two weeks at a time.

investing

I’m a risk averse person. I don’t bike in the city, I don’t enjoy jumping into water, and I don’t even dare go ten above the speed limit (put me in the slow lane, thanks very much). When it comes to my investments, it’s very much the same thing.

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When Index Investing, I Skip the TSX

Canada is great. Its major stock market index is not.

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A diverse nation with an undiversified index.

Passive investing is in, active investing is out. The literature is all there, frequently citing how a passive fund tracking the major international indices will frequently outperform actively managed mutual funds. Those passive index funds also have lower management fees, to boot.

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August 2017: Financial Update

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The site at Evergreen Brick Works

The last month of summer came and went, and with it went $2046.37 in expenses, inclusive of higher entertainment, dating, and food costs. With fall approaching, sometimes you just have to cram in missed opportunities, right?

My savings rate of my take home pay for this particular month was 56.9%. Not quite as good as August last year, but a number I’m still quite happy with.

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