November 2011 - The Outlier Model

Drip drip drip…

Vancouver rainy season, rain drop, rainy season, rain

CF / November 16th, 2011 / No Comments

It’s the sound of the Vancouver rainy season in full swing but also the sound of my first dividend purchase now being able to take care of itself. Brian posted a while back about our current investments and mentioned that I bought some SunLife stock. The stock is currently tanking (like everything else in this economy) so I took the opportunity to pick up some more shares and send in my dividend...

Posted in: Money Tagged with: Dividend Reinvestment, dividends, DRIP, RRSP, Sun Life, TFSA

Update: November 6 – 12

Brian / November 13th, 2011 / No Comments

Signed up for Car2Go this week! Yes, I’m already a member of the Modo Coop, however I like to have options. The small differences in how car booking and billing works with both organizations makes some trips more economical with either organization, depending on what you need the car for. The gadgets are pretty cool with Car2Go as well – looking forward to checking it out. Photo credit:...

Posted in: General Tagged with: Candian Dream, Car2Go, landlord rescue, landlord tips, renovating, Rental income

Mortgage transfer to TD Bank

Mortgage transfer, mortgage, real estate, property

Brian / November 10th, 2011 / 1 Comment

Over the last month, we’ve been going through the process of transferring our mortgage from Vancity to TD Bank. Our five year term with Vancity is not due until 2015, and we pay three months interest in penalty to Vancity for breaking the terms of our mortgage. Why are we doing it? TD was able to offer us a rate that was 0.85% lower than Vancity. When you’re talking about a mortgage worth...

Posted in: Money, Real Estate Tagged with: Lower rate mortgage, paying off your mortgage, saving money, switching mortgage, TD mortgage, Vancity Credit Union

5 Money Tips for College Students

Tips for College Students, money tips for college students, being thrifty in college, saving in college

CF / November 7th, 2011 / 1 Comment

Start an emergency fund Having an emergency fund is a must for anyone, but starting while you’re still in college gives you a good start. By keeping a bit of money in a savings account, you won’t have to go into debt for small, unexpected bills and you will have a nice starting point to build on for after you graduate. Photo Credit: Lawrence OP via Flickr Startingan emergency fund in college...

Posted in: Food and Grocery, Life Hacks, Minimalism and Frugality Tagged with: find stuff on craigslist, keeping food costs low, money tips for college students, starting an emergency fund