Networth January 2014

My bank accounts aren’t looking so good. But that’s no reason not to check in, in fact, checking in will help me face reality. I’m not upset about this month. There were some very emotional highs and lows and January is gone. I can only move forward from here. Now, let’s see how 2014 is going… versus the plans I made for it. 


source below
source below

1. Continue to track my sleeping patterns. Success. I’m sleeping more hours per night, about an average of 8. My actual sleeping schedule is still wacky and I still wake up a lot. I tracked every day (with my fitbit)

2. Increase my step average to average out to 9,000 steps per day over the course of the year. Fail. Yikes. 6,362 was my average. :/ 11 months to go to get that up to 9k

3. Lose 5 lbs and keep them off by December 13th. No yoyo-ing. Fail. Haven’t stepped on the scale. My shorts don’t barely fit. I should face reality here… I don’t want to.


Project Move 


1. Save a $10k emergency fund. Fail. This one requires a bit of a longer explanation: I siphoned a further $3k-ish into my company for taxbills. My emergency fund isn’t looking very ready for any emergencies.  This will be the last time I do that as we’ve decided that we will not repeat what happened just over a year ago, where we lost a load of money. We’re working on paying the resulting taxbill, once that’s paid we will only maintain the current contracts as long as it makes sense to do so timewise and financially and to keep jobs for people we care about. Some businesses work through losses… and sometimes that makes sense. We’ve done it before.

In our case, I am ready for a new chapter in my life and right now the only reason I am keeping the company running is to pay off that taxbill with current receivables and to keep jobs for people I care about. I have some great staff so as long as the current contracts run well, I want them to keep their jobs. If things go south, we will put the kebosh on things within a month or two and move on. In addition, I am looking for other employment already as I need a new challenge, I’ve graduated, time for new things!. 🙂 Once I find other employment/income streams my sister will take over and do as I’ve done for the past five years; run the company and work her way through school that way. (providing the kebosh thing isn’t needed, of course) I do also still want to carry out Project Move, as this section of my goals is aptly titled, and work/live in another country for 3-4 months in the future. (If I do find a job I suppose that means I’d have to take a sabbatical/hiatus of some sort as I’m not currently intending to move anywhere outside of Canada permanently) In the meantime… let’s keep on trucking.

2. Finish and sell my house by the end of the year. In progressI have a place to live once I sell, my mother who is a realtor with ReMax will be listing my house in the spring. I decided over Christmas that I was really ready to sell and while I struggled with the ‘oh no… I do kind of like my little house’… I’ve come to terms with it. Time for the next chapter!

3. Finish digitizing all my files that are able to be digitized. In progress. From 2008-2011 most of my business time was spent actually running a business, not so much sorting files and sitting behind a desk. While my files weren’t a huge mess or anything, I’ve been scanning in any non-taxrelated stuff so I still have a digital copy of it but less paperclutter lying around, the same goes for my personal stuff. Everything possible digital, accessible from anywhere… uncluding sitting in bed. Plus the minimalism thing, I’m trying to pare down gradually and live more clutter-free.

Other financial goals

Oh beach, how I long for you
Oh beach, how I long for you

1. RSP balance of $3,000. In progess. Right on track at $2,400 I think a little ahead even by 5 bucks, every nickel counts 😉

2. Cuba/hot vacation/spring vacation, $1,200. Done! While it may be argued that this wasn’t the smartest move financially. I’m not taking any time off until then, while I no longer work a ridiculous amount of hours I do have responsibilities that generally run 7 days a week. I’m really looking forward to this! I got together with one of my gf’s about two weeks ago and booked it. We’re heading to Cayo Coco at the end of March. Booyah! The price per person was $1075.00, a $50 rebate knocked it down to $1,050 pp, I used $43.50 in points and I have a $162.00 rebate coming through Great Canadian Rebates. Out of pocket $844.50 for 7 nights, 6 days from the airport that’s 10 minutes from my house, straight to Cuba. I’m very much looking forward to this! I am still counting on $1,200 as I need to bring some spending cash and $350 should be just about enough.

3. Short camping trip funded out of pocket in July. Longer world-trip in August/September. In progress. Plotting and planning.

4. A networth of $70,000. In progress. My networth dropped for the 5th consecutive month since September. Then I spent money on not one, but TWO trips. Mmm not so good. I’ve sharpened up my budget, am sticking to a strict grocery shopping budget and no-shoes/clothing/underwear budget which has been going well.  I’ve decided to cancel my healthinsurance. (price keeps going up, im young, healthy, I have provincial healthcare and I intend to switch out Blue Cross for  critical illness type insurance, which is mucho cheaper…) I have a lot of change ahead and hopefully the sale of my house soon.

It’s all a work in progress, I’m winging it and eventually I’ll get where I’m headed. All in all I listed 3 out of ten goals as fails, that’s not so bad!  🙂 

Published by Renée

I write about my life, travel and my financial up and downs on my blog, Nickel By Nickel, while contradicting myself daily. ;)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create your website at
Get started
%d bloggers like this: