February 2018 – Financial Update

I’m a bit late getting this out… But I’m away for work right now, so it’s a little harder to get all my numbers sorted out… And I’m missing some because I have them saved on my home computer… Which is obviously at home…

Anyway…

We are already over a month in to 2018, so it is time to do a quick check-in on the finances to see if I’m on track to meet my financial goals for 2018. Continue reading

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Financial Goals for 2018

To quote one of my all time favourite books, Anne of Green Gables, “isn’t it nice to think that tomorrow is a new day with no mistakes in it yet?”  And so, with the beginning of a whole new year of tomorrows with no mistakes in them yet, it’s fun to give ourselves a reset, a fresh start, to work towards new goals.

Last week I reviewed our financial goals from 2017, and so I wanted to move from that to discussing our financial goals for 2018.  It is difficult to think too far in advance for this year because so much is up in the air once March hits and baby is scheduled to arrive.  We haven’t made any final decisions with respect to maternity or paternity leave yet, so that also makes it hard to plan too far in advance…  But, even if everything changes and I have to re-evaluate my goals in 3 months, I’d rather have something to work toward than not… So, here goes with my financial goals for 2018: Continue reading

2017 in Review: Financial Goals

Happy New Year!

As is the trend in the blogging world, the start of a new year is when we review the year before and make new plans or goals for the new year.  I am no different.  I reviewed my personal/miscellaneous goals already, but it is now time to review my financial goals for 2017.  I’ve been reviewing these every month all year long, so none of these results should come as a complete shock, but it is always good to review and reflect. Continue reading

December 2017 – Financial Update

I’m feeling a little like I’ll never catch up on my to-do list items, and so the blog seems to always be the things to get left behind… But it’s time for another financial update and review of our financial goals for 2017, so I have pulled together enough for at least this post… So here’ goes…

#1 – Emergency Fund

Another month of successfully avoiding pulling anything from the human emergency fund.  It is still sitting at the happy $10,000 mark.

November was another month of just regular pet expenses, so we were able to add a little to the pet emergency fund.  I’m not sure we will get to the $5000 before the end of the year, but it is still moving in the right direction, so I’ll count that as a positive.

Human Emergency Fund = $10,000

Pet Emergency Fund = $3720 (+$225) 

Continue reading

Maternity / Parental Leave Planning

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After my announcement that we are expecting a baby in March, I don’t want this blog to turn in to a mommy-blog (it may be a slight inevitability that things will move that direction, but I will resist as long as possible), but there are some financial things that should be worked out before the baby comes, and that is definitely something that I think fits in with this blog, so I will write about that…

In the ideal world, I would love to take a year (or more) off from my traditional job and take on the full time role of mum, but that’s probably not the best option for us.  (And please don’t take that the wrong way, I don’t think that being a stay-at-home mum is an easy job, it sounds quite tough, but from what I’ve heard it can be one of the most rewarding “jobs” there is.)

My income accounts for about 75-80% of our household income right now.  This hasn’t always been the case, but because my husband is currently doing some training to get the necessary certificates for the next step in his dream career, his income has definitely taken a hit lately.  I foresee his income eventually being equal to mine, or at least very close, but until then, we have to plan as if we are in the current income scenario.  I think that’s called worst case planning or something… Continue reading

1-Year Mortgage Anniversary

It has been 1 year since we re-financed our mortgage.  At the time, I posted two posts about it; the first was going over my to-do list for the renewal, and the second was all the details of our new mortgage.

While I am still waiting for the renovations to be actually completed, I am happy with our decision to use money out of the equity in our home for that purpose, even if it goes against a lot of traditional personal finance advice.  And, I am still happy with our decision to not make paying off the mortgage a priority at this point, since we have a nice low fixed rate of 2.34% for four more years.  Since rates have already started to increase, we will have to revisit that decision when we go to renew in four years, but until then we will probably just let it go on auto-pilot.  That being said, I wouldn’t be a personal finance geek if I didn’t play with numbers in a spreadsheet… And so, of course, I have done that with our mortgage…  Continue reading

November 2017 – Financial Update

This post was supposed to go up yesterday… But, well, I wasn’t that organized… Oh well.

Time is just flying by… Can you believe that there are only 2 months left of 2017?!?

With the ever-present chaos in our house, I’m still struggling to get all the data required for these updates, but let’s just see what we can do with what we have and take a quick look at how we are doing on my financial goals for 2017. Continue reading