Money Archives - Page 50 of 55 - The Outlier Model

Financial Goals: 2012

Financial Fears, dreams, reality, Financial Goals

Brian / February 9th, 2012 / 2 Comments

Keeping track of your goals gives you a concrete marker to aim for each year. It’s important to do this for yourself, but publishing them here keeps us honest! CF’s goals may change dramatically depending on her employment situation at the end of her degree in April. CF’s Goals Emergency Fund: $2000 Net Worth: $0 Add $1000 to TFSA. Increase RRSP contribution to at least $100...

Posted in: Money Tagged with: Emergency fund, financial goals, goal setting, personal savings rate, RRSP, TFSA

Net worth update – 2011

money management skills, finances, handling money, Net worth update, net worth

Brian / January 31st, 2012 / 1 Comment

A year and a half ago, I started keeping track of my net worth. Since then, every month I visit all of my online banking and investment sites, collate the data and calculate my net worth using my home made excel spreadsheet. Keeping track of my net worth is extremely valuable and provides a quantifiable way to track my financial progress. As much as you can rationalise frugality, your net worth can...

Posted in: Money Tagged with: calculating net worth, financial goals, net worth

How to make a budget that works

Estimating income, expenses, emergency expenses, bills, budgeting, budgeting income, make a budget that works, budgeting 101, Family and finances, dealing with the family, Making money, extra income, quick cash, side job

CF / January 10th, 2012 / 9 Comments

A lot of people I know have been starting first jobs lately. And first jobs means… more beer first budget! Well, maybe it doesn’t mean that to most people and certainly not to me way back when – but getting started on a good solid budget right from the beginning will set you up for future financial success. Photo Credit: http://www.flickr.com/photos/twon/ When I had my first...

Posted in: Money Tagged with: budget, first job, job, making a budget, money

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