2021 Financial Resolutions...........

[HermanH]

debt wise , it is going down... not as fast as i want . but hey , it is what it is... i am looking at various ways at getting it lower faster, but there are no quick and easy fixes.......... it is what it is... ya eat a elephant a bit at a time.

The mere fact that you recognize it, acknowledge it, and are actively engaged with it places you far ahead of those who do not.

[lilo0003]

@gisel dta down is still the right direction.
yesterday DH and I had a very open and honest conversation with the older son, our kids only see what we have achieved now. They don’t see how hard it was to get there. He was lamenting that he will never own a house and was pretty surprised to hear our story. Especially the $50000.00 in credit card debt that we racked up when I was on mat leave and DH lost his job. We rolled it into our mortgage simply because we wanted another child and I would not consider it with such a debt. He really appreciated the honesty. But he is my frugal son and will do fine. His brother on the other hand thinks money grows on trees.

[HermanH]

He was lamenting that he will never own a house and was pretty surprised to hear our story. Especially the $50000.00 in credit card debt that we racked up when I was on mat leave and DH lost his job. We rolled it into our mortgage simply because we wanted another child and I would not consider it with such a debt. He really appreciated the honesty. But he is my frugal son and will do fine.

He might be right, if he wants a house in downtown Vancouver, Toronto, or Montreal. However, does he really believe that he will never be a homeowner anywhere in the country?

[Giseledta]

thank you

[lilo0003]

He might be right, if he wants a house in downtown Vancouver, Toronto, or Montreal. However, does he really believe that he will never be a homeowner anywhere in the country?

We live in Oakville which is currently the second most expensive city in Canada for real estate. Everything sells over asking and sells fast. So it’s discouraging but he went to school in Hamilton and he liked it so he will head that way. We won’t stay here once we sell either so in the next 10 years we will return to SW Ontario.

[Frugalbigmama]

Budget clean up before the weekend.
All credit cards paid in full and all have credit.

No spending this weekend other then some fresh stuff but I may wait until Monday or Tuesday and just make do with what we have for the weekend to use stuff up.
Plan is to start posting stuff for sale so I can arrange porch pick up next week while WFH. Fill up our "Summer Fun Jar"

[cath007]

I have just one for now spend my money with planification no more impulsive buy!!! Do a budget with father and respect it at the line...I need to know what we have in money and what we are spending.

[cath007]

Cancelled super ecran(23$ per month) as we dont watching enough and my i pod music program(11$ per month) because I dont use it... so every little bit saving money help!

[johnb56789]

Well... It is finally going to happen this year...

I am currently on one last round of repayment assistance for my OSAP loans, and once that is over (August), I will be paying the balance of the loans off completely. The remainder after this round of repayment assistance will be $27,790.22, so that will all be paid in August, and of course, I have to find a way to "coupon" paying that much off... So with the help of my father, the ENTIRE amount will be put on his Triangle Mastercard to get 1% back on the entire amount, netting us $277.90 in Canadian Tire money we can use for auto work later on. Might have to do it in two batches, since his limit isn't that high, and we have Equal Payment Plans on the card that would get screwed up if we simply overpay the card.

[HermanH]

So with the help of my father, the ENTIRE amount will be put on his Triangle Mastercard to get 1% back on the entire amount, netting us $277.90 in Canadian Tire money we can use for auto work later on.

I don't know how one can get a credit card to pay rewards on debt. More power to you if you found a way. You might be able to get more Rewards with other cards.

CIBC is offering: https://www.cibc.com/en/personal-ban...nite-card.html

"Get a first-year annual fee rebate and 10% cash back for the first 4 statements on total purchases of up to $2,000."

if you get a Visa Infinite Rewards card. For such a massive amount, it might just be worth your while.

It costs you nothing to check out other cards. You might be able to spread the debt over the cards of several people.

[cath007]

I am so glad after saying to myself many times lol I kicked my butt and did the entire cleaning of my purse and wallet....changed the wallet to a more conveniant one (bigger) so now I have all my money and change in there...so no more mess.So now I know exactly how cash money I have where are my cards and my debit card so that is easy...found tons of change a lot of 2$ and 1$ so a will count that and I call that a bonus lol!!!! It pay off to be organizated I observated the difference very quickly!

[Frugalbigmama]

I am so glad after saying to myself many times lol I kicked my butt and did the entire cleaning of my purse and wallet....changed the wallet to a more conveniant one (bigger) so now I have all my money and change in there...so no more mess.So now I know exactly how cash money I have where are my cards and my debit card so that is easy...found tons of change a lot of 2$ and 1$ so a will count that and I call that a bonus lol!!!! It pay off to be organizated I observated the difference very quickly!

Good job! I always think it is wise to have a clean wallet and purse. Mine stays clean these days since the only shopping I do is groceries and I just use my credit coat and have been carry it in my coat this winter. The cash in my wallet just sits there waiting for a good time lol

[cath007]

I kicked my butt and started my bedroom major cleaning and I found some change and a little bit of money I did not remember I had!!! So that was a nice surprise !!!!! I will use it wisely!!!

[GoodBoy]

Just received our 2021 Financial Plan from our planner. Even with the mess on the markets last year we are in better shape than we were last year! That assumes < 4% return too!

We no longer have to sell the house at all and that assumes we live to 90! LOL

Maybe we should sell it earlier and have one heck of a blow out vacation! LOL

[Frugalbigmama]

Budget clean up before the weekend.

Paid credit card off. Have $180 credit on it. ($120 for plate sticker renewal and Internet Bill- Both will be paid for next week)

Transferred money to Visa that I am building credit on for Niagara Falls getaway at the end of the summer hopefully.

Will get groceries on Sunday/Monday and pay credit card and update the budget on Monday/Tuesday. Other then that no mindless shopping.

PC PTS #1 card is at $355.00
#2 card $6

I have PC Offer on card #2 for 2000 in PC pts for $20 in gas so will do that this week for sure.