Update: Day 10

The good news is I managed not to spend any of my emergency fund, and even add $300 to it when I got paid on Friday. But the bad news is I completely decimated my sinking funds. Like hundreds of dollars of it. My "No-Spend" week turned into a "Spend it all weekend," which is particularly…

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Drowning in Stuff

I've been stuck at home for the last few days, as part of my no-spend week, and I'm starting to feel a little overwhelmed and claustrophobic from all the clutter in my house. I guess an overabundance of "stuff" is a natural by-product of being a spender, but it's stressing me out now. When I…

Update: Day 1

Like pretty much all of my adult life, up until now, I've been all talk. But in all fairness, it's pretty hard to start saving money when you have none. Luckily, today is my husband's payday and I'm ready to move from talk to action. Actually, I guess it's sort of a lack of action…

A Birthday Surprise

Just when I was starting to think I had a simple savings plan, my soon-to-be three year old receives a birthday card with $40 in it. For some reason, I thought I'd be able to get myself in order before I had to start thinking about properly saving for my kids. My children get a cheque…

Please Don’t Eat Me Alive

I have to admit, it feels a little weird putting all my personal financial information on the Internet for literally anyone to access, but I think it's an important thing to do. Finances have always been a "taboo" subject to talk about, and I think because people don't talk about how much they make or how…

Savings Trickery

I am a big financial-advice junkie. I love reading books by all the experts; Dave Ramsey, Suze Orman, David Chilton, and especially, Gail Vaz-Oxlade. Maybe it's because Gail is so direct, or maybe it's because she's one of the few offering Canadian-specific advice, but there's something about her that really resonates with me. I can't…

What are Sinking Funds?

Sinking funds are your short-term savings for the larger expenses you know are going to pop up in the near future. This includes saving for holidays, birthdays, yearly vacations, car registration, home maintenance, car replacement, kid's classes, school fees, etc. The idea is to figure out all the expected expenses and approximately how much they'll cost,…