Money Archives - Page 54 of 55 - The Outlier Model

Free and fun entertainment

Brian / March 11th, 2011 / No Comments

I used to think that to go out and socialize, I needed to spend money. I often found myself spending money in excess of what I had budgeted just because my friends were doing so. I didn’t want to seem like I was putting a damper on the evening. Recently, I read an article from Krystal at Moneyville that I really connected with. Krystal identifies this ‘peer pressure spending’...

Posted in: Minimalism and Frugality, Money Tagged with: cheap date ideas, free activities, free comedy shows, Fresh Air Cinema, Jazz Festival, peer pressure, Vancouver Art Gallery

Ode to a chef’s knife

chef's knife, kitchen knife, kitchen investment, kitchen equipment

CF / February 23rd, 2011 / No Comments

My six year old chef’s knife broke yesterday during the making of shepherd’s pie. It was a good knife while it lasted – $11 from London Drugs, but had superb balance and strength, was easy to sharpen, and had no issues with rusting or staining. *Tear* I’d like to blame the bf and his questionable culinary skills, but after a thorough post-mortem (it had a half CENTIMETER tang, if that!)...

Posted in: Home, Money Tagged with: chef knife, money

Indulge yourself to stay on track

Indulge yourself, coffee, latte, splurge

CF / February 13th, 2011 / No Comments

Budgets are tough. It’s easy to want things and so much harder to say no. Saying no to yourself does get easier over time, but it helps if you leave enough room in your budget for the occasional indulgence. It’s like a diet. Everyone knows that eating lots of fruits, vegetables and fiber will keep you healthy, but the occasional chocolate bar does no harm and may offer some benefit as...

Posted in: Entertainment and Leisure, Money Tagged with: avoid lifestyle inflation, budget, indulgence, staying on budget

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