This month’s Net Worth Update is a combination of my progress (scroll to the bottom) and thoughts on the major drawbacks of tracking net worth. I’ve always liked reading other blogger’s net worth updates. For one thing, it helps me establish credibility. If I don’t see strong progress month to month or a high savings...
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Saving vs Earning, the Forgotten Consideration
This topic is a fundamental decision for all students of personal finance. Despite the amount of coverage and attention it’s gotten in the PF community, I think that it’s been approached entirely from the wrong angle altogether. Here’s my take. THERE IS NO DEFINITIVE ANSWER It seems as though the PF community is split between...
The Cost of Frugality – When Savings Attempts Cost You Money
For most of my life I’ve been a disciplined saver. I rarely buy the latest and greatest of any eletronics because they depreciate in value so rapidly. Until this year I used an old fashioned flip phone while my peers were on their fourth generation of smart phones. I had pre-colour display Ipod until recently,...
Credit Card Arbitrage 2.0 – Low Interest Rate Environment Alternative
A few years ago, credit card arbitrage was all the rage on personal finance blogs. Of course, I was too young to really take advantage of the opportunities available. For those of you unfamiliar with the concept, the basic premise involves taking advantage of an introductory 0% APR credit card offers. One then transfers the...
Net Worth Update #2 (September 2011)
WHAT DO I HAVE? (September 1, 2011 – Age 22) Assets: Cash: 8,293 Broker 1: 1,959 Broker 2: 7,944 TFSA: 10,104 Employer Stock: 600 Liabilities: Credit Card: 736 Current Net Worth: 28,164 Previous Month Net Worth: 25,440 Change in Net Worth: 2,724 (+10.71% month over month) Due to Additional Savings: 3,577 Due to...
$30/month Phone + Internet Bill and Switching to Wind Mobile
Some of you may have noticed that I’ve been MIA since the beginning of the month. My apologies if you’ve visited expecting a new article. I finished moving into a new apartment in Toronto. Since then, my room-mate and I have been abit slow to settle in. One thing topic of debate was internet service....
Inaugural Net Worth Update
As promised, this week will mark my inaugural monthly net worth update. More than anything, this is meant to keep me accountable. Starting next month, I will also post breakdowns of my income and expenses. Assets Cash: 5,662.61 Broker 1: 7,967.8 Broker 2: 2,335.45 TFSA: 10,556.52 Liabilities Credit Card: 1,082 Net worth: 25,440.38 +/- (from...
Carnival Links
This week my posts have been featured in 3 carnivals. Why Do We Spend? – My Take on Retail Psychology has been featured in Carnival of Personal Finance #319 @ Dealerity Evolving Past Paying Yourself First and Taking Ownership of Your Life featured in: Totally Money Carnival @ Family Money Values and Carnival of Wealth #48
Why Do We Spend? – My Take on Retail Psychology
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