Sunday, 30 April 2017

More money?

Dear Visitor,
Thanks for dropping by.
You can see that my posts are not many in April. I feel it too. Sometimes, it is due to lack of subjects.Other times, it is lack of time. 

My reason now is lack of time: I got a side hustle once a week for 2 hours. Then I got  my dental assisting jobs. Yes, jobs, with different employers. so, whenever, they need extra help, I am the one got asked to help them. Good for my personal finance. More money to invest, right?

Recently, one of my co worker got a new job with better pay and benefits. So, while the employer is on the search for a new assistant, I am asked to help. Remember, my motto is to "work when work is available". So, I was working last week. Of course, that will bring some money. But it is all the time less than $20 for an hour. I can write more blog posts and be happy. But, there will not be any money to be seen. So, comparing the options, I can work for some one, and get paid few bucks, and give few bucks to the government too. 

So, by working everyday, I am helping my employer to deliver treatments and to make money. I am also contributing more to the Canadian society by paying more tax. 

Working more also means that I have to plan ahead to avoid un necessary spending. We have to have food in the fridge so that we don't depend on take outs. The lunches and snacks should be packed so that there will be no temptations to buy from outside. The house must be reasonably clean so that it will let us rest and be happy for the next day. 

What do you think of working more hours than usual? Will you do it? Will you refuse to do that? 
Incase you have more paid work, what will you do to avoid extra spending?

Thursday, 20 April 2017

Ideas to pay off the mortgage faster

Dear Visitor, 
thanks for dropping by.
My mortgage is less than $100,000 from last year onwards. I was thinking of ways to pay it off faster. 
Turns out, there are few methods to think about.

First of all I asked my lender to make it bi-weekly. That was done couple of years before. Now, this month I asked them to increase my bi-weekly payments by 10%. (I believe you can make it up to 15% . Just ask your lender.)
I have an option to pay a lump sum of up to 15%  of the original mortgage amount. This payment will go directly towards the principal. The minimum amount of this annual lump sum is $100.

The next one is the option to double up your regular payment of principal and interest once a year. 

I used the lump sum payment  option  in 2015. Since 2016 was hard on us, we didn't do that.  This year I am going to do at least $100 towards the principal. 

Do you have any other ideas to pay off mortgage faster? Please share your mortgage stories with me.




Thursday, 13 April 2017

Upcycling An Old Sweatpant

Dear Visitor,
Thanks for dropping by.

The winter is finally over. Time to put away some winter clothes, right? 
the 100% polyester sweatpants was in my daughters pile to discard. I was thinking of using it for something. Finally, got an idea.
Actually there are two sudden ideas.


The pants was about to be thrown out. But, I was going to clean the flours first. There is my swiffer sweeper, with disposable dry wipes. I read it before about using fleece instead of the disposable dry wipes. 
I cut the end of the pants to make like a sock for the Swiffer sweeper. Not really working. 
So I opened it up to a rectangle. Now see the new re-usable swiffer wipe
There is this leg cuff part, I cut from the pants.
Lovely, right? I was thinking of making a cuff of sorts. Then cut the edge out. It was a doubled piece!!!
Opened it up to see how long it is. 
Suddenly, I got the idea to make a cozy for my oil bottle in the kitchen. The round glass bottle is always having oil on the outside. 
Now there is something to cover it. I want to see how long it will stay. The bottom is just tucked under the bottle. I didn't bother to sew. But, it is not wobbling the bottle.
Rest of the pants are going get cut into rectangles to be used as flour mops on Swiffer sweeper. I tried it already. It collects all the dust and hair. 
Want to make wet mops? don't worry, spray some soap water on the cloth, and it is good to go.

Have you ever up-cycled clothes? Recycled sweatpants especially? 

Friday, 7 April 2017

A DIY pedicure

Dear Visitor,
Thanks for dropping by.
Toronto seems to be under never ending winter.
What to do to tame the winter inertia? I thought a pedicure to myself will be great.

I didn't want to ruin my unexpected off day by going out to the saloon and spending money. After all, it is still cold and windy.
With a little thinking, and searching, I found the necessary things at home for pedicure.

A plastic basin, some sea salt, and a scrubber for foot: all I had at home.
Pour some hot water to the basin. Added a handful of sea salt. I put a bit of my shampoo also. 
Then soak the feet for about 30 minutes and was watching TV. Used the scrubber to scrub the feet to remove the hardened skin. Then used a towel to wipe off. Applied some lotion to the feet. I cut the nails, filed them. Then put some nail polish.
This will do for the cold weather. For today I have my happy feet and no extra spending.
Have you tried DIY pedicure? Do you have any other tips to share with me?


Thursday, 6 April 2017

Minimalism for Financial Independence

Dear Visitor,
Thanks for dropping by.
I mentioned that I like the idea of minimalism.
Some people can stick to the minimalistic way of life. Minimalism is living with what you really need and not having more stuff. In that way I like it.

But, think of the stuff we accumulate: like yoghurt containers, empty jam and mayonnaise bottles... sure, they make clutter. But, I have to have a few. Collected so many similar bottles over the years to arrange my pantry. I have 2-3 empty yoghurt containers to keep food in the freezer or fridge. I don't accumulate more than that now a days. Same goes with the empty bottles. There will be few of them, as they are useful to keep bulk non perishable food items such as rice, lentils and flours.

How you reach financial independence with minimalism is your question, right?

I don't buy stuff when I see them in the store now. For example, a nice handbag on sale was big temptation before. Now, I think, do I really need it? What am I going to do with the bags I love and already at home after buying a new one? Now, see, the impulse starting to fade. Money stays in my purse.

I used to accumulate magazines. I put the old magazines in the recycle bin and don't buy new ones. Library has a lot of magazines, and they are available online too. No need to waste the valuable real estate at home to store them. I had many boxes to keep the old magazines. Now most of them are gone. The boxes are free to keep the winter gears. Some of the boxes are going to be donated too.

I still have to go through my processions. I am pretty sure, there are many items to be repurposed and donated. 

When you reduce buying more stuff, of course, you will be spending less money. That is the money you can save for  creating an emergency fund. 

When there is more free space, it is easy to clean. One may not need a bigger house if there is less stuff to keep. That means less use of electricity and less property tax. That is the money you  can save and invest. 

Do you think of filling up the space in your home or you want to have empty space? What you think of having less stuff at home?






Sunday, 2 April 2017

March 2017 passive income

Dear visitor,
Thanks for dropping by. 
Welcome to April and better weather, Time to check on March passive income too.
Checked family RRSPs and TFSAs. It has passed the limit of $100.  The goal is to have $200. Now, we made almost there. $199.36 total. 
That is looking good. Because, March 2016 was only $18. It is a great achievement on my part. Don't you agree?  
That kind of achievement makes me to save more and to reduce spending on unnecessary things. The life is more happy. Less things around the house makes me feel more relaxed. 
I hope, one day, my passive income will be enough to make me have a happy life.
So, tell me how buying whatever you really needs make you feel? Happy or deprived?