I almost began this post by saying how turbulent 2010 was for me, but considering that 2009 was even more so, I guess it’s actually a somewhat normal year by comparison. Here is a brief summary of what happened in my life.

In January 2010 I was renting a room in a house in Leslieville from a crazy neurotic landlady.  She told me when I moved in that we would split the cleaning of the house…what I didn’t realize is that her definition of cleaning the house was a weekly 3-hour scrubbing from top to bottom.  I was desperate to leave and find my own place with no crazy roommates, and I found my current abode, a 275sqft basement bachelor apartment off of the Danforth in the city’s East end.  I liked that it came with a garden, and a parking spot for the car I knew I would eventually buy.

It was also in January that I received an offer of employment for my current position.  I had actually worked for this company part time for three months, but then in October received a full time job offer, which I couldn’t turn down (I was working two jobs at the time).  They came back in January, and I was very excited to return, especially because it was in my chosen field.  So I gave my two weeks notice, and came back, this time in a higher level capacity.

For the next few months, I studied like crazy to become qualified to reach the next level.  I ploughed through the heavy course material all while working full time.  The spring and summer were lovely – I gardened all spring and played beach volleyball all summer.  It was pretty low-key, with the exception of the fact that I was working like crazy to complete my courses.

Yogic Gardening - that's me!!!

In July 2010, I finally bought my first car.  It’s a 2006 Mazda 3, and the total with taxes+an additional 3 year warranty was $14,998.  I have it financed at a 7.09% interest rate (definitely not the best…if I had to do it all again, I would take my time, not rush it, and see if I could secure a lender with a better rate).

In August 2010 I completed my courses and was officially registered.  I learned the real price of owning a car in the city.  My insurance rate is through the roof … I’m under 25 and have never been on an insurance policy.  The cheapest I could find was $237 a month, and that’s only because I bundled it with tenant’s insurance for an additional $30 a month.  It was going to be $257 anyways, so I figured, why not insure my apartment as well?

I also cropped off my long blonde hair in favour of a more professional chin-length ‘do.  I wanted to show the world that I was ready for this next step…fortunately, it complements my bone structure, or lack thereof, quite nicely. Read the rest of this entry »

FacebookGoogle ReaderEmailShare

I’m going to digress a little from Personal Finance here and share with you my favourite songs for running/cycling/working out/weight-lifting.  I love to constantly update my playlist, but I do find it difficult to find good suggestions for good workout music from the internet, so I figured I’d provide my own, especially since so many of us are preparing to set our fitness goals for 2011 :)

Please enjoy, and leave a comment with any further suggestions!

Favourite 2011 Workout Playlist (best for faster pace workouts)

Make Me Wanna Die – The Pretty Reckless

3/ Toxic / Gimme More / Circus / Womanizer – Britney Spears

Right Here, Right Now – Fat Boy Slim

Closer – Ne-Yo Read the rest of this entry »

FacebookGoogle ReaderEmailShare

Last night I wrote a guest post for the Miami-based blog “Grad Meets World.”  It’s called “Taking the Red Pill:  5 Steps for Taking Control of your Finances.”  I rarely write how-to’s (no particular reason, other than I tend to wing it a little), but these are steps I have taken myself and can definitely attest to.

New posts to follow shortly!!!  Sorry I’ve been so lazy lately, I’m definitely going to get back at it in the New Year :)

FacebookGoogle ReaderEmailShare

This week was delightfully light in terms of spending.  I spent six days at home, so I have been neglecting my blog, but I’m back now and ready to get back into the groove of things.

So here it is:

Monday December 20

$37.25 – Cash deposit into my TFSA, to go towards my Kilimanjaro fund

Tuesday December 21

Winter Solstice!!!

$1.46 – Burger at McDonald’s, pre-dinner snack

$8 – Dinner out with friends after the Solstice party

$6 – TTC fare

$5 – Bought CD from the musicians we saw playing live

Wednesday December 22

$4.28 – McDouble burger and large Earl Grey tea for the trip home.

Thursday December 23

$55.03 – Groceries that I bought for my parents as part of my “Make it or Bake it” challenge

Friday December 24

No Spend Day!

Saturday December 25

No Spend Day!

Sunday December 26

No Spend Day!

Total Spent$42.52 (net) I’m really pleased about this.  This week will probably be quite a bit higher, since I’ll have rent, an additional car payment, and my insurance, and the typical end of month bills.


FacebookGoogle ReaderEmailShare

I know many of you may be scratching your head at why I chose Money Rabbit for the title of my blog.  And by “many” I mean maybe my Mom, who knows she has to read my blog because it’s her maternal duty to support my crazy schemes (look Ma, I’m on the internet!)  So I figured I’d take a brief moment and explain why I chose the title.

It started when I turned 19, and my brother (16 at the time) and I received a sum of approximately $9,330 each from our grandparents, who had been nursing it for us since we were little.  Now that we were older, it was our turn to take care of it.  I was thrilled.  I was going to put some of it away into my RRSP (which is now my $2500 Global Mutual Fund GIC), and I wanted to invest some of it in the stock market (I have invested about $7000 in stocks, which has grown closer to $8000).

Brother dearest, on the other hand, had visions of cars dancing in his head.  Suddenly there was new-found vehicular freedom.  He immediately starting brainstorming ways to blow the entirety of the cash.

Horrified, over dinner I tried to explain to him that the best way to grow his money was through safe investments and prudent saving.  He looked at me blankly.  So I used a bunny rabbit metaphor. Read the rest of this entry »

FacebookGoogle ReaderEmailShare

(Warning – this post is very lingo-laden, sorry!)

Oh, dear.  I have a new temptation.

Recently I invested in a beautiful Kurzweil SP3X keyboard (a whopping $1650 for the keyboard, a stand, and a bench.  But I got the keyboard on sale!).  I have been playing piano ever since I can remember, and I have been longing for a keyboard of my own to not only work on some new pieces, but also to write my own music.  I thought that plus the right software would mean I could plug in and go.

Nope.  Turns out that the sounds coming out of my keyboard are a little too complex for the little bitty sound card that came with my computer.  I wrestled with Cubase for THREE HOURS before deciding, hmmm, maybe I’m missing something here.

Read the rest of this entry »

FacebookGoogle ReaderEmailShare

This week was a lot better for me in terms of spending.  I did have a couple of fairly large expenses (my car payment, and I had some work done on my car as well) but I only ate out once and it was a special occasion, and my daily spending was definitely reeled in.

Monday December 13th

$6.77 - Sandwich, Summerhill Market, lunch with coworker

$144.18 – My internet and cellphone bill

Tuesday December 14th

This was the day that my friends and I went out for dinner and drinks before seeing Ross Petty’s Beauty and the Beast for free (I got five free tickets through work).  So almost all of the spending detailed here is based on that.

$3.10 - Pre-dinner Starbucks

$13.03 – Dinner at the Pickle Barrel.  Honestly, this should have been a lot more expensive, but my steak was nearly well done when I asked for medium rare, so I ate it anyways since we were in a rush so they comped it for me.  Not really a money-saving tool on my end, but this price includes a bellini and a steak dinner.  The Pickle Barrel definitely gets a thumbs up, although I honestly wouldn’t have minded paying for it.

$6.51 (Originally $29.95+tax, I used a $25 gift certificate) – Gift bought at Indigo for someone at work.  I totally used a gift certificate to buy this, but I never buy new books, I always just use the library.

Wednesday December 15

$4 – Parking.  Except funny story – I parked, bought my ticket, then noticed a large white van parked next to my car with a scary-looking driver inside just … sitting.  I got in my car, put the ticket in the dash, and got the hell out of there and ended up finding street parking for free.

Thursday December 16

$50 – My RRSP mutual fund, I transfer $50 into it biweekly (so I’m counting it as green)

$45 - Gas

Friday December 17

$245.23 - New battery, wiper blades, and a 15 point inspection on my 2006 Mazda 3

$137.36 – Car loan payment

Saturday December 18

No Spend Day!

Sunday December 19

No Spend Day!

Total Spending$605.18. I know this seems like a lot, but considering that the majority of this sum went to my vehicle and to necessary evils like my internet and cellphone, I’m not too upset.  If you’re experiencing the kind of weather that I’m experiencing here in Toronto, you DEFINITELY want to feel safe knowing that your vehicle is going to start in the mornings.

FacebookGoogle ReaderEmailShare

This is the first book I picked up from the library with the specific intention of writing a review on it, and boy oh boy, do I wish that I had chosen a different read.  I’m not one of those people who thinks that reviewing is synonymous with panning, but honestly, this book sucked. 

The book started out really great for me – let me read you an excerpt:

“Perfect people can be so annoying.  Like that zero-per-body-fat girl who always beats you to yoga on Sunday mornings, wearing her perfect little Lululemon outfit.  Once you exit Starbucks carrying her usual $4 soy latte in one hand, a green leather Prada wallet in the other.  You nearly cried (and by you, I mean me.)

“Perfect also works two cubicles away from you at the sausage mill, er work.  He’s the boyishly handsome recent hire who drives a new Audi and, rumor has it, plays golf with the boss.  Lunch is usually fresh sushi.  And his first-generation iPhone scores him “babes”

“Who are these alien people, I ask, people whose lives seem so together that it physically pains us to acknowledge them?”

(Page 1, You’re So Money, Farnoosh Torabi.)

I found myself identifying with this introduction; I work in Central Toronto, and I see these people on a daily basis.  The ones going to Starbucks and shopping at Holt Renfrew.  People my age.  I have always longed for that financial freedom to drop $6 on a custom Starbucks drink and then go pick up some Narciso Rodriguez perfume at Holt.

Intrigued, I read on.  Can Farnoosh Torabi teach me how to better allocate my finances to make this lifestyle affordable?

Simple Answer:  no, no she can’t.

Read the rest of this entry »

FacebookGoogle ReaderEmailShare

So I was definitely planning on being a lot more active this week in terms of getting more posts done, but since some stuff has been going on lately in my personal life my blog has gotten side tracked.  However, I do have some ideas for some new posts that I’m really excited to share with you :)

In the meanwhile, today I took my car into the Mazda dealership near where I live, since I have been experiencing some problems with the power steering.  When I turned the wheel, my lights would dim, and the wheel didn’t feel as easy to steer.  It turns out that it was my battery – it needed to be replaced.

My little car – this is from our first date in the dealership parking lot.

When I bought my car, I also bought the nicest warranty I could, adding nearly $2000 onto the purchase price, and covering me for an additional 3 years.  I figured that if the engine or the transmission or ANYTHING crapped out on me, at least I’d be covered under the warranty.  HOWEVER, I didn’t realize that this warranty didn’t cover things like “normal wear and tear,” and a battery is considered one of those things.

So my 15 point inspection, examination of my power steering, new windshield wipers, and new battery ended setting me back about $245.  All in all, not bad, considering that my windshield wipes would have cost closer to $40 at Canadian Tire and these ones only cost me $20.  However, it’s a real pain that this wasn’t something I specifically budgeted for, and it turned out to be so expensive.  To be fair, this is my first car and there’s no way for me to “know” that this is something to be accounted for.

A car has been a really great asset in my life.  It’s allowed me the freedom to travel home to my farm (about 2.5 hours away), it helps me with groceries, donation items, and it was such a treat to pick up my cousins last night and be able to drive somewhere together.  However, cars are seriously expensive, and it is honestly the largest liability I’ve ever had.  My insurance rates are through the roof because I live in the GTA (where everything is doubled), and since I’m under 25 and this is the first car I’ve owned the insurance companies have a great racket going on.  I pay approximately $237 a month for my car insurance, and that’s only because I also bought tenant’s insurance for an additional $30 a month (considering that my car insurance would have been $260 without the tenant’s coverage, I didn’t see the harm).

I love my car, and now that I’ve owned one I can’t imagine NOT owning one.  But the pain in the butt of doling out money for insurance, repairs, gas, etc. makes me feel like a cash dispenser.  It’s a necessary evil, since I need it for work, but boyyyy … the $$$ can really add up!

FacebookGoogle ReaderEmailShare

This post has nothing whatsoever to do with personal finance.  But my friend shared this video on Youtube tonight and it completely cracked me up, so I figured I had to share it with whatever readers are out there.  These boys rock this routine!!!  I wish I were just half as flexible.  Keep up the good work, Mockettes!

Related Posts Plugin for WordPress, Blogger...
FacebookGoogle ReaderEmailShare

Analytics Plugin created by Web Hosting