It was a great year in terms of saving and investing, while also taking care or myself and house, except that the investments lost value due to the situation with the markets. That is okay. I learnt that I have no control over markets and investments.
But others, I have some sort of control.
First, my expense categories (rounded):
Grocery, personal care, cleaning and other items: $6,700
Eating out(!): $50
Medication and healthcare related expenses: $1,000
Cash donations: $1,300
House and yard maintenance/repairs: $1,700
Expenses voluntarily made to support Mona, my foster cat: $1,000
Other miscellaneous expenses: $1,100
Bills for services and power and so on: extra
TFSA and RSSP: $14,000
Third, overall wealth (house, investments and so on):
Change from 2021: +$30,000
I am grateful for my job and benefits that allow me to invest for my future and take good care of myself.
I am grateful for Mona, my foster cat, and my ability to support her (and her rescue organization) by providing food, medication, and litter to some extent.
I am grateful for taking my team members out for a lunch or two during summer in open air so that we all could get bonded.
I am grateful for my RRSP and TFSA investments – even though they have not done well this year, I am lucky that I have these accounts. Every bit helps.
I am very grateful that I paid my mortgage off, by using a part of my TFSA account, this year. It is a huge milestone…
I am also so-so grateful for the flexibility to work from home, which certainly decreased transportation expenses (while also increased others, like power)
I will continue to plan, but I think a number of things really work out well: thrift store purchases; taking the bus; investing in good quality shoes/boots that are in good condition for many years; automatic payments for investments; not wasting food – as much as possible; and stocking up durable items while they are on sale.
Also, keeping a record of finances and seeing the progress over time 🙂
All of these have helped me save and maximize the value of my money.
I thank those bloggers here who have informed me about the thrift stores, food preservation, and financial literacy – you all are awesome!
I never thought that I would find myself as a home owner 10 years ago. It was such a hard time at the beginning – the pre-mortgage payment, mortgage and insurance payments, repairs and so on….. I had to cut out taking the cab (which saved me around 500 bucks a month), and then adapt a frugal life style (for example, shopping from thrift stores, baking my own bread).
It was fun once I got into it.
Wish you folks all a similar experience.