Sites I support

Kiva Logo

Know your Coffee - Caffeine Content

Myth: Tim Hortons coffee is stronger (ie has more caffeine) or is the same as Starbucks. Answer: False. Starbucks coffee contains more than twice the caffeine of a comparable size at Tim Hortons.

March 2012 Net Worth Update +5.8%

This month I received a matching RRSP contribution from my employer and also finally purchased some TD e-series funds after delaying it for a year.

Feb 2012 Net Worth Update +1.07%

January was a busy month for me and yet my numbers barely reflect it. I moved in to a new apartment this month and incurred the costs usually associated with moving.

Jan 2012 Net Worth Update +11.4% Happy New Year!

Happy New Year everyone. Hopefully 2012 is treating you well. I'm starting this year off strong with an enormous gain of 11.4% over last month.

Dec 2011 Net Worth Update +3.25%

This last month has sped by and surprisingly I've posted another decent gain. I managed to save $500 this month, with the rest of the increase due to my stocks recovering from yearly lows. Next month I expect to pass the $25,000 Net Worth milestone if everything goes to plan. The three paycheques I will be receiving in December should assure me of it.

Greatest apartment hunting tool

As I'm currently in the process of looking for an apartment, I'd like to suggest to anyone else in the same situation to definitely take a look at Padmapper.

Goals and Happiness

I have thought a lot about what my goals should be for this site. I see other people have set theirs as paying off credit cards, student loans, or mortgages.

My Expenses - First checkup

It's time to take a look at my expenses. This is from RBC's very useful myFinanceTracker. I can't recommend it enough to people. Your bank probably has something similar.

Saturday, 29 October 2011

The Reality of Blogging and Google AdSense Earnings

This right here is the true reality of blogging. The hours you spent writing and tweaking your site returned to you just 4 cents in a month. It must rank alongside the worst paid professions in the world. (To be paid out with Google AdSense you need to have accumulated $100 in earnings. At this rate it would take me 208.3 yrs to receive my first cheque.) For this obvious reason there are very few who are able to blog full time. Do not be deceived into thinking that it is easy to create a popular blog or that the money will come in passively. The vast majority of blogs fizzle out over time. Look at any of the online blog archives to see how many blogs have been without posts for years or abandoned completely. People want to be rewarded for the time they've put into something and blogging for the majority does not return anything significant.

Get into blogging because you want to write. Get into blogging because you want to document a stage of your life. Get into blogging to be able to comment on things in the public sphere. But don't get into it for the money. Throwing some Google Adsense ads on your site is fine, but if you think you'll receive more than pennies a month you're setting yourself up for failure.

I started this blog because I became deeply interested in personal finance and figured this was a way to track my financial growth and development. It will also give my future self a snapshot into my mind at this very moment. It remains to be seen how long I'll last.

Wednesday, 26 October 2011

Take your loose change to BMO

Take your loose change to BMO
This advice will apply to anyone that has a jar full of loose change sitting around their house. The Bank of Montreal (BMO) has equipped a number of their branches with fast coin counting machines. The thing that makes them different from the ones you see in grocery stores is that these BMO machines are free to use. You just dump your loose change in and it automatically sorts everything and prints out a receipt which can be redeemed at one of the tellers. You don’t have to be a BMO customer either which is nice and will bring in new people to their branches. I'm one of them as I bank with RBC primarily. According to BMO’s site the machine also takes US coins at par and can be dumped in along with your Canadian coins.

The one problem is that they seem to be located in only a few branches at the moment.
You can look up the exact locations and your own area here.
https://locator.bmo.com/Default.aspx?t=bb&lang=en

I’ve looked up quickly how many of these machines exist in some of the major cities.

Greater Vancouver = 3
Toronto = 5
Montreal = 2
Quebec City = 1

It's great to see a company put out a product that actually helps people for little or no cost. Another example is RBC's myFinanceTracker which I wrote about in my post My Expenses - First Checkup.

Monday, 17 October 2011

Procrastination infects my entire life

Procrastination infects my entire life. There is nothing that is excluded from its grasp. Finances, relationships, hygiene, laundry, exercise, car maintenance, absolutely everything is included.

I read a great book on Procrastination a couple of years ago. Everyone knows the joke about giving a procrastinator a book on Procrastination and them never getting around to reading it. This would have been me if the book had not been most likely the last book that my Uncle ever read. My Uncle died suddenly of a burst blood vessel in his brain. At his apartment we found a book he was reading on Procrastination. He had highlighted sections of it and it hit me hard, that my Uncle was trying to overcome some of the very issues that I faced then. He was in his late fifties and for him it turned out to be too late. Instead of taking his last book from his now widow, I purchased a copy for myself and read it through in a day. My personality was on display with basic explanations for the behaviour. It was captivating to read of the reasons behind my procrastination which I only thought might be the underlying causes. The part that stuck with me was that I wanted to be a perfectionist in everything that I did. However, what that meant was that I would have to put in the required time for the specific task. You can see where this is going. If I didn't feel I had enough time to do something through to the end and properly, I would choose to put it off and end up not doing it at all.

In the last years of University I realized this completely. I would put off completing a research paper for so long because I wouldn't be able to give it enough time in my opinion, that I waited until the very last few hours to complete it. By pushing myself to the brink of destruction I was able to justify my crappy paper by saying that something was better than nothing. So I was able to overcome my procrastination only when it became serious. I used to brag, as stupid young people do, that I started a 15 page research paper at 10:30pm when it was due in class at 9am the next morning. Now I feel humiliation when I tell someone this story and don't experience the ego boost that used to accompany it. The only person I hurt was myself and its a story of failure, not of success. You can see some of my thoughts about my university years in the post Real advice for University/College kids

So here comes the point where I tell you that ever since I read that book after my Uncle passed away that I turned my life around. Well guess what, I've procrastinated my way through the last few years right up until this point where it's hit me again. Isn't it amazing that a death of a family member and a real eye-opening experience were not enough to change a destructive habit. I am not exaggerating when I say that procrastination infects my entire life. To give an example, I visited Seattle sometime in September with my family, and at the hotel I went for a morning swim one day. The swimtrunks I wore that morning sat in a wet and soaking bag in my bedroom for an entire month. Why didn't I just wash it right away when I got home? It seems completely logical right? I even put it on my to-do lists, which procrastinators use extensively to try to actually accomplish something. I put it on my list time and time again and I couldn't get around to doing it. Finally one day I was willing to put the time into cleaning everything and washed them. It was so anti-climactic. I waited a month to do something I could have done in five minutes. So for every day that month it lingered in my mind that I should wash them. Instead of actually doing something, I thought about doing it for a month until the guilt built up so much that it overwhelmed the procrastination. Ridiculous.

Guilt and shame play an integral role in procrastinating.

Now I'm going to tell you that today is different. I've come to the conclusion again that I must put in the time required for things. I appreciate the saying "a jack of all trades is a master of none". When I try a little bit at everything and not focus on anything, I don't master anything. I then spiral further downwards as I don't see any results to my liking.

So how am I going to change? Accepting that things take time. If you want to do something well then you have to be willing to give it the time needed. I wrote a note to myself many years ago now which I still keep around.

Scared of the future.
Unhappy with the past.
Frozen in the present.

Today I am going to change. I am not just going to change my habits or my routines. I am going to change my entire life because procrastination infects everything that I do. I will complete things and be happy with the results. I will focus on specific goals and not vague future plans.

Let's see how it goes.

Tuesday, 11 October 2011

Goals and Happiness


I have thought a lot about what my goals should be for this site. I see other people have set theirs as paying off credit cards, student loans, or mortgages. I am fortunate enough to have no debt to speak of, but then on the other hand I am also very far off from having a mortgage. When I created this site a month ago my original goal was simple, Happiness. Since then I've changed it numerous times and have now settled upon "I'm just trying to improve my situation". You might say that I've downgraded my expectations, but that's not the case.

Saturday, 8 October 2011

Why it's important to check your credit card statements often

Here's a basic piece of advice that I'm sure you've heard many times.
Check your credit card statements often. 
If you're not convinced then take my experience just this week.

After months of putting it off I finally got around to booking a BCAA vehicle inspection for my aging car. I felt that I might as well have an idea of everything that was wrong with it. The inspection went smoothly and I had no complaints (I will write about my positive experience with them in greater detail elsewhere). It was only later during the week after checking my credit card online that I noticed the charge on my card was higher than what I had been quoted. After phoning in to inquire about the charge we discovered that I had been charged the non-member rate by mistake for the inspection. As an owner of a 15 year old car that has died on me before, I obviously had a BCAA membership.

The inspection was completed on Monday and after discovering the mistake on Wednesday and phoning in on Thursday, I had already received my refund by Friday.

In this case it was a small sum but nonetheless it would have been money lost into the abyss. I am certain if I had checked this even a month later I would not have remembered what I had been quoted and not noticed the difference. It is very unlikely that they would have noticed their mistake either as their receipt number matched what I was quoted originally and not what I was charged.

Not only did this habit end up saving me money, but it also saved me time and effort by discovering the problem right away and making it an easy fix. I can only imagine the difficulty I'd face trying to receive a refund on a transaction that occurred months before.

*If you're still not convinced, then consider that it can also help alert you to any unauthorized purchases on your card. If you discover these charges early you can notify your card issuer and they will begin the process of getting a new card out to you as soon as possible so you can resume your spending ways.

Tuesday, 4 October 2011

Greatest apartment hunting tool - Padmapper

As I'm currently in the process of looking for an apartment, I'd like to suggest to anyone else in the same situation to definitely take a look at Padmapper. Rather than sorting through craigslist by text, Padmapper allows you to see individual rentals on a map of the area you are looking for.
Example below.
So instead of sorting through hundreds of craigslist posts that you wouldn't be interested in anyways because of the location, you can now easily focus on a specific area. Not only can you see all the rentals, but you can also filter the results down to your desired requirements.

Min/ Max Rent
# of Bedrooms
Min # Bathrooms
Max Price Per Bedroom
Max Age of Listings
Pets Allowed


It's got other neat features like Walk Scores for the apartment's surrounding area and a Commute Time Overlay. It also does pull information from more sites than just craigslist. I've seen a couple other renting sites have their posts displayed as well so it's not purely a craigslist tool.

One thing I'd like to point out is that people often do not put exact addresses when they create a listing and instead put approximate locations or just the two closest intersections. This isn't Padmapper's fault as it can only use the information it is given. So as long as you know that the locations aren't always precise down to the street address you should be fine.

If you'd like to read more about the site then check out their blog, PadBlog.

I really can't recommend Padmapper enough.

Saturday, 1 October 2011

First monthly Net Worth Update +11.31%

Finally! After four months of only minor gains thanks to large purchases, I was able to dramatically improve my numbers this month.

Oct 1, 2011 +11.31%

TFSA - $15,202.41 (+0.12%)

ISA - $4,521.97 (+95.05%)

Stocks - $3,288.82 (+0.70%)

Cash* - $281.82 (+76.26%)

Total: $23,295.02
Gain: 11.31% or $2,367.18



Unfortunately my saving habits played only a minor role in the net gain. The real factor was receiving a small inheritance that I subsequently poured into my ISA for lack of a better idea. Also, because I have little invested in the stock market I didn't take the hit that everyone else seems to have taken this month. The stocks I do hold however have dropped almost 17% in value since May of this year.

 
*My Cash total may look awfully low each month but it doesn't reflect the actual amount of cash on hand. I subtract my current credit card balances from my chequing account balance to come to the total. As I only pay off my credit cards once a month, I do have cash on hand during the month for a small emergency. Reading other personal finance blogs has made me wonder if I shouldn't start a dedicated emergency fund for unforeseen expenses.

Twitter Delicious Facebook Digg Stumbleupon Favorites More