debt Archives - Page 5 of 5 - The Outlier Model

My $1000 back to school budget

back to school budget, budget for college, budgeting

CF / May 18th, 2011 / 2 Comments

So I’ve been a little busy the last few weeks and neglecting the blog! One excuse – I’m back at the university full time to finish up the last year of my 2nd degree program. Going back to school without going back into debt meant massive savings and massive budgeting. Currently, I have enough saved to pay for tuition plus the next two months of living expenses. I have enough guaranteed...

Posted in: Money Tagged with: $1000, budget, debt, money, school, university

Meet my financial mistakes

financial mistakes, money mistakes, debt, credit card

CF / May 9th, 2011 / 4 Comments

I’ve made a lot of financial mistakes in not a lot of time. In some ways, it was for the best, because I learned a lot of life lessons and it gave me a lot of motivation for getting my financial house in order. In other ways, it’s really kept me from pursuing opportunities that I’ve been interested in. Photo credit: Original photo by Images of Money via http://www.flickr.com/photos/59937401@N07/5929554283/in/photostream Taking...

Posted in: Credit and Debt, Money Tagged with: credit, debt, money mistakes, student loans, university

Net worth update 2010

income tax refund, tax refund, extra money, Net worth update , net worth, financial success, financial health

Brian / February 8th, 2011 / 2 Comments

In terms of overall financial health, your net worth is a great indicator of overall success. To calculate your net worth, add up all of your assets (things that are worth money) and subtract your debts (loans, etc). 2010 was the first complete year that both CF and I kept track of our net worth on a monthly basis. At first, adding up all of my assets and debts seemed like a big task. Now, I enjoy...

Posted in: Money Tagged with: assets, debt, loans, Mortgage, net worth, paying off debt, RRSP, TFSA

The Outlier Model

CF / January 10th, 2011 / No Comments

In Wikipedia1, an outlier is described as: “An outlying observation, or outlier, is one that appears to deviate markedly from other members of the sample in which it occurs.” What does that mean for personal finance? For living simply? For life? For me, it describes much of what I hope to accomplish. It means that by doing things differently than the “average” North American consumer,...

Posted in: Philosophy Tagged with: assets, debt, income, outlier model