Wednesday, May 16, 2012
I'm copying Michelle from Making Sense of Cents with this list but I thought it was really cool so heres mine:
Finance a dream vacation…in cash. CHECK. Well I haven't gone yet, but my trip to Portugal in July will be paid for in cash,I've already paid the flight and the rest is just spending money which I have saved.
Pay off your student loans. CHECK I paid them off almost 4 years ago! :)
Automate paying your credit card bill in full. I sometimes pay in full, sometimes not.
Get rid of all bad debt. Right now I just have my car which is about $6600 so it won't be much longer.
Build an adequate emergency fund. CHECK
Make your first, and last, investment mistake. um, my investments are pretty much all RRSPs right now so I don't think any of that has been a mistake. lol. Not really sure what else to write on this one.
Develop a statement of cash flows. Is it sad that I'm not sure what the term means? If it means to know how much money I have in all my accounts, I pretty much know that at all times in my head.
Max out a Roth & Contribute to your 401(k). We don't have that in Canada. But I contribute what I can to RRSP's, but no I don't contribute the maximum.
Get a degree or certification that increases your earning power. I am currently working on this and will be done by spring 2013.
Take a career risk. I haven't done that yet, I'm on my 2nd pharmacy job and this one I could see myself there for a long time.
Negotiate something. CHECK (when I bought my car)
Earn your first side grand. CHECK. Accomplished that within a few months of starting my second job (its the main reason why I am gong to portugal)
Start a sub-savings account for an upcoming financial goal. CHECK I have already done this numerous times, for portugal, for exams, for emergency fund, etc etc
Set a target retirement date. Haven't done that yet.
Monitor your credit. .....sadly I have never checked my credit. I KNOW its bad. I'll do it. I promise.
Say no to a financial salesman. CHECK. All the time.
Give just enough to make it hurt. Haven't ever really donated a lot of money
Invest $1 for every $1 you spend. No I definitely don't invest that much.
Start a 529 College Savings Plan. Is that for your kids?? I don't have any.
Buy a house. hopefully before I'm 30!