Money Archives - Page 49 of 55 - The Outlier Model

Avoid lifestyle inflation

line of credit increase, credit limit, interest rate, credit card,lifestyle inflation, avoiding expenses, free credit report, check your credit score

CF / May 3rd, 2012 / 5 Comments

When you’re used to following a certain budget, getting extra money can seem like an easy bonus – it doesn’t form part of your budget so it’s okay to spend it away. After all, if you’ve taken care of you bills and your savings, everything else is gravy right? But that’s where it is easy to fall into the trap of lifestyle inflation. Suddenly that extra bit...

Posted in: Money Tagged with: avoid lifestyle inflation, Emergency fund, irregular expenses, new job, save money, spontaneity fund

Revisiting the 2012 financial goals

2012 financial goals, financial goals, financial expectations

CF / April 5th, 2012 / 1 Comment

Earlier this year, Brian discussed our 2012 financial goals. We try to set our financial goals each year. It gives us something concrete to work towards and when you complete a goal, it feels great. At the time, I wasn’t sure where I would be employed or even IF I would be employed. Kind of hard to set goals when there is a lot of uncertainty! We did our best and I felt like I set some...

Posted in: Money Tagged with: Emergency fund, financial goals, net worth, pension, retirement, RRSP

End of season joy

new pair of boots, black boots, boots, boots shopping

CF / April 3rd, 2012 / No Comments

Back in the fall of 2011, I was looking for a new pair of boots. I’m more of a boot person than a shoe person. I had several pairs at home in various states of decay. One was a cheaper “pleather” pair in which the plastic part of the pleather was now peeling up. It was not repairable any more since the fabric itself was ripped. I had another 4 year-old pair of heeled boots...

Posted in: Money Tagged with: boots, budget, clothes, clothing fund, end of season sales, frugal, shopping

Student loans paid off!

Student loans, student loan paid off, debt free, financial freedom

Brian / March 8th, 2012 / 3 Comments

Last month I reached a major milestone towards financial independence – I paid off my Student Loan! I graduated in April of 2008, so all in all, I took 3 years and 10 months to pay back $13,000 to the government. Had my friends at the National Student Loan Service Centre had their way, it would have been over 8 years before I had repaid my loan in full and I would have paid much more in interest...

Posted in: Credit and Debt, Money Tagged with: debt repayment vs. investing, debt snowball, debt vs. investing, student loans