generation y

Saturday’s Saying

Happy Saturday, everyone!

Photo Credit: memecenter.com

How did the work week treat you all? Does anybody have any awesome plans for their weekend? If so, tell me all about them in the comment section below – I love to read your thoughts! As for me, the work week was busy but productive, and I’m looking forward to getting a few more things knocked off of my to-do list before today ends. I’m looking forward to a nice weekend with my fiancé and my dog, and I’m pretty excited to turn my alarm clock off before I go to sleep tonight!

Photo Credit: bajiroo.com

However, I digress. For today’s saying, I’ve chosen to continue with the lecture theme – today, I’ve chosen what is possibly my favourite speech of all time; that is, an excerpt from Randy Pausch’s Last Lecture. Pausch was a professor of computer science, human-computer interaction, and design at Carnegie Mellon University whose resume includes working with EA Games, Walt Disney, and numerous others. In 2006, Pausch was diagnosed with late-stage pancreatic cancer, and was given three to six months left to live. In that time, he delivered The Last Lecture at Carnegie Mellon University, and co-authored a novel by the same name. Pausch died from pancreatic cancer at his family’s home in Chesapeake, Virginia on July 25, 2008, at the age of 47. 

I have included both the video and the abridged text below – and I very highly recommend reading the book. Without further ado:

Click here to read the lecture transcript

“Anything is possible, and that’s something we should not lose sight of. The inspiration and the permission to dream is huge.” – Randy Pausch

What would your last lecture be about? Tell me all about it in the comments section below!

With that, my friends, it is time to get some data entry done on this end. Have a fantastic Saturday!

-Mel

Saturday’s Saying

Happy Saturday, everyone!

Photo Credit: David Trood for Getty Images / pinterest.com

I hope you all had a great week! Is anybody doing anything fun the weekend? If so, I’d love to hear all about it in the comments section below. My week was super productive, I got a bunch of things knocked off of the ol’ to-do list, and I’m looking forward to a lazy weekend in the beautiful BC sunshine. Spring is definitely here and I couldn’t be happier about it – there’s something magical about this island when this time of year rolls around.

The cherry blossoms are definitely magical this time of year! Photo Credit: victoriabccounsellor.com

For today’s edition of Saturday’s Saying, I’m going to continue with last week’s theme and allow another great mind to expound on life. I’ve chosen Steve Jobs’ 2005 Standford Commencement Address, which has made an indelible impact on me with its honest, humble, and powerful message. I’ve posted the entirety of the text below, as well as the video for your enjoyment.

“I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I’ve ever gotten to a college graduation. Today I want to tell you three stories from my life. That’s it. No big deal. Just three stories.

The first story is about connecting the dots.

I dropped out of Reed College after the first 6 months, but then stayed around as a drop-in for another 18 months or so before I really quit. So why did I drop out?

It started before I was born. My biological mother was a young, unwed college graduate student, and she decided to put me up for adoption. She felt very strongly that I should be adopted by college graduates, so everything was all set for me to be adopted at birth by a lawyer and his wife. Except that when I popped out they decided at the last minute that they really wanted a girl. So my parents, who were on a waiting list, got a call in the middle of the night asking: “We have an unexpected baby boy; do you want him?” They said: “Of course.” My biological mother later found out that my mother had never graduated from college and that my father had never graduated from high school. She refused to sign the final adoption papers. She only relented a few months later when my parents promised that I would someday go to college.

And 17 years later I did go to college. But I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents’ savings were being spent on my college tuition. After six months, I couldn’t see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn’t interest me, and begin dropping in on the ones that looked interesting.

It wasn’t all romantic. I didn’t have a dorm room, so I slept on the floor in friends’ rooms, I returned coke bottles for the 5¢ deposits to buy food with, and I would walk the 7 miles across town every Sunday night to get one good meal a week at the Hare Krishna temple. I loved it. And much of what I stumbled into by following my curiosity and intuition turned out to be priceless later on. Let me give you one example:

Reed College at that time offered perhaps the best calligraphy instruction in the country. Throughout the campus every poster, every label on every drawer, was beautifully hand calligraphed. Because I had dropped out and didn’t have to take the normal classes, I decided to take a calligraphy class to learn how to do this. I learned about serif and san serif typefaces, about varying the amount of space between different letter combinations, about what makes great typography great. It was beautiful, historical, artistically subtle in a way that science can’t capture, and I found it fascinating.

None of this had even a hope of any practical application in my life. But ten years later, when we were designing the first Macintosh computer, it all came back to me. And we designed it all into the Mac. It was the first computer with beautiful typography. If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts. And since Windows just copied the Mac, it’s likely that no personal computer would have them. If I had never dropped out, I would have never dropped in on this calligraphy class, and personal computers might not have the wonderful typography that they do. Of course it was impossible to connect the dots looking forward when I was in college. But it was very, very clear looking backwards ten years later.

Again, you can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something – your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.
My second story is about love and loss.

I was lucky – I found what I loved to do early in life. Woz and I started Apple in my parents garage when I was 20. We worked hard, and in 10 years Apple had grown from just the two of us in a garage into a $2 billion company with over 4000 employees. We had just released our finest creation – the Macintosh – a year earlier, and I had just turned 30. And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our Board of Directors sided with him. So at 30 I was out. And very publicly out. What had been the focus of my entire adult life was gone, and it was devastating.

I really didn’t know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down – that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure, and I even thought about running away from the valley. But something slowly began to dawn on me – I still loved what I did. The turn of events at Apple had not changed that one bit. I had been rejected, but I was still in love. And so I decided to start over.

I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.

During the next five years, I started a company named NeXT, another company named Pixar, and fell in love with an amazing woman who would become my wife. Pixar went on to create the worlds first computer animated feature film, Toy Story, and is now the most successful animation studio in the world. In a remarkable turn of events, Apple bought NeXT, I returned to Apple, and the technology we developed at NeXT is at the heart of Apple’s current renaissance. And Laurene and I have a wonderful family together.

I’m pretty sure none of this would have happened if I hadn’t been fired from Apple. It was awful tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don’t lose faith. I’m convinced that the only thing that kept me going was that I loved what I did. You’ve got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don’t settle.

My third story is about death.

When I was 17, I read a quote that went something like: “If you live each day as if it was your last, someday you’ll most certainly be right.” It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: “If today were the last day of my life, would I want to do what I am about to do today?” And whenever the answer has been “No” for too many days in a row, I know I need to change something.

Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything – all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.
About a year ago I was diagnosed with cancer. I had a scan at 7:30 in the morning, and it clearly showed a tumor on my pancreas. I didn’t even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable, and that I should expect to live no longer than three to six months. My doctor advised me to go home and get my affairs in order, which is doctor’s code for prepare to die. It means to try to tell your kids everything you thought you’d have the next 10 years to tell them in just a few months. It means to make sure everything is buttoned up so that it will be as easy as possible for your family. It means to say your goodbyes.

I lived with that diagnosis all day. Later that evening I had a biopsy, where they stuck an endoscope down my throat, through my stomach and into my intestines, put a needle into my pancreas and got a few cells from the tumor. I was sedated, but my wife, who was there, told me that when they viewed the cells under a microscope the doctors started crying because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and I’m fine now.

This was the closest I’ve been to facing death, and I hope it’s the closest I get for a few more decades. Having lived through it, I can now say this to you with a bit more certainty than when death was a useful but purely intellectual concept:

No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.

Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.

When I was young, there was an amazing publication called The Whole Earth Catalog, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late 1960’s, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and polaroid cameras. It was sort of like Google in paperback form, 35 years before Google came along: it was idealistic, and overflowing with neat tools and great notions.

Stewart and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: “Stay Hungry. Stay Foolish.” It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.

Stay Hungry. Stay Foolish.

Thank you all very much.”

Photo Credit: saysomethingposters.com

With that, I am off to go and conquer some data entry.

Have a fantastic weekend, everyone!

-Mel

 

 
 

 

Saturday’s Saying

Happy Saturday, everyone!

I hope you’re all having spectacular weekends so far! I am a busy, busy bee – loads of new and exciting projects have made their way to my desk, which means that I haven’t had (and likely won’t have for at least a few weeks) the time to write here at Slegg Press as much as I usually do…but, don’t despair! We have some new ideas that we’re going to be implementing here lickety split, so there will still be plenty for you to read, ponder, and discuss with me and the rest of our team. 🙂

Photo Credit: sourceoffreedom.blogspot.com

This afternoon, I’m going to leave the dissection of today’s saying for the comment section – I always enjoy reading your thoughts! Today’s quip comes to us from Mary Schmich (although, it is commonly wrongly attributed to Kurt Vonnegut), and it is one of my all time favourites. “The Sunscreen Manifesto,” written in the late 1990s, is read to us here by Baz Luhrmann:

Photo Credit: scrapbooksbykristi.com

With that, I wish you all spectacular weekends! It is time for me to tie up my loose ends and begin mine 🙂

-Mel

Mel’s Musings #13: The End Is Nigh!

Happy Thursday, everyone!

Photo Credit: imgflip.com

How have your weeks been? Does anybody have exciting plans for the upcoming weekend? If so, tell me all about them in the comment section below – I love to read your thoughts! As for myself, I’ll be taking it nice and easy this weekend. My fiance and I had a wonderful time in Vancouver last weekend (more on that in a minute), so we’ll be going a lot lighter on both our schedules and our wallets for the next few weeks. I’m looking forward to a productive end to my work week punctuated by an awesome workout and some quality time on the couch with our dog. It’s all about the little things!

Photo Credit: celovetalk.wordpress.com

So, I realize that the title of this post is rather ambiguous; however, let’s take a moment to celebrate two pretty awesome (though unrelated) facts:
1. Tomorrow is Friday; therefore, the end of this week is nigh
2. As of today, I am 2/3 through paying off the remainder of my debt; therefore, the end of my arrears are nigh

I am so excited, you guys.

I thought I’d take a few minutes today to break down what I’ve got left to pay, my re-payment plan, and some awesome new positive things that are starting to happen in my life as my debt continues to shrink. Sound good?

Photo Credit: mobile-cuisine.com

Alright, so the remainder of my debt is actually pretty minimal if you compare it to where I started from. At this point, I am only paying back one “creditor” (my fiancé, who isn’t really a creditor in the traditional sense; however, I did borrow money from him to take care of some business and it was under the pretence of repayment), which is a nice change of pace from a few years ago when I owed money to Bell, and to Shaw, and to Visa, and to the CRA, and… It hasn’t been an easy few months for me, financially. I can’t even try to lie and say that there is anything easy or pleasant about working hard for a paycheque that you know you will be lucky to spend a third of on things that you want rather than on debts that must be repaid. Regardless, that’s what I’ve been doing since January, and I can finally see the finish line.

As far as budgeting goes, I’ve recent received an email query from a reader asking which apps I use to keep track of my money. First of all, thank you for taking the time to email me! To answer your question, I actually don’t use any budgeting apps, as my bank has a wonderful mobile app that allows me to keep track of my available cash from anywhere at anytime (and with the added bonus of monthly Mint-like expense reports, upon request) – for me, that’s plenty in conjunction with my good ol’ agenda. Yep – I do the majority of my debt tracking/budgeting/personal expenses the old school way in the back of my agenda. Why my agenda? Because I take it with me everywhere. Because it’s easy. Because…well, because. There are plenty of personal finance bloggers that would argue against the efficiency of my system; however, my $0.02 on the matter is that as long as you have a system that works for you and not against you, and you are dedicated to using that system consistently, then you’re on the right track.

Photo Credit: moneyfile.net

But, I digress. The remainder of my debt looks like the following ( I use a running tab format – again, this is what works for me):

$400.00 (tax accountant)
$400.00 (conference admission)
$800.00 OWING
$200.00 (payment 02/14/14)
$600.00 OWING
$100.00 (payment 02/28/14)
$500.00 OWING

$100.00 (payment 03/14/14)
$400.00 OWING
$350.00 (shipping cost of getting my stuff from AB to BC – this might actually be less; however, I always budget higher)
$750.00 OWING
$150.00 (not quite a payment, money I spent on cabs/ferry in Vancouver that my fiancé insisted I apply to my debt repayment)
$600.00 OWING

I’ve only typed out the last 6-ish weeks of this running log, but when I started it, the total owing was well in excess of $1500.00. I have effectively paid off 2/3 of my debt! In fact, if I wanted to, I could repay my fiancé in full right now; however, he’s pretty awesome and patient, so instead, I am opting for $200.00 payments biweekly for the next 6 weeks – effectively knocking off $100.00 of debt per week. The end of these outstanding dollars is three paycheques away, and I really can’t even begin to tell you how good that feels.

Photo Credit: worldofphilljenkins.wordpress.com

But why not just repay that entire $600.00 and get it over with, you ask? Well, there are a few reasons for that, the first being that my fiancé wouldn’t accept it. I’m not even trying to kid you here, I’ve discussed it with him and he would prefer that I have some expendable income for things that I want/need. The kindness of this gesture is certainly not lost on me – and though I know this is going to make him blush, this is a very public and very large thank you to my handsome man for his vast assistance and patience in helping me claw my way out of debt.

Secondly, these debt repayments that I make bi-weekly aren’t the entirety of my expenses. My bi-weekly budget looks something like this:

$850.00 (paycheque, averaged)
$300.00 (credit card payment note: this is somewhat variable, but I pay off the entire balance in full every 2 weeks)
$200.00 (debt repayment)
$43.50 (bus pass, $87/month)
$10.00 (contact lenses, $20/month)
$50.00 (personal care – includes toiletries, clothes, hair cuts, et cetera)
$50.00 (food and cabs)
$196.50 remainder

On the whole, I’m really not doing too badly. When I do eventually have my debt paid off in full, I’m hoping to shift that $200.00 into my savings account so that I can start hitting the targets I’ve got laid out for myself. They should all be completely attainable within the timelines I’ve set for myself, and that is a wonderful feeling.

I cannot even begin to tell you all how true this statement is.                        Photo credit: quotes.lifehack.org

Last week, I also received my income tax refund for the past 4 years – almost a month earlier than expected; however, the timing couldn’t have been any better – as it was in my account by the time my fiancé and I left for Vancouver last weekend, I got to spoil us both a little bit more than I had initially anticipated. We went to the aquarium, had some absolutely awesome meals, and didn’t have to worry about whether or not we could afford it. It was a small but remarkable luxury after this many years of thinking something like that was completely out of my reach!

I’m planning to use another $400.00 of my tax refund on getting the next chunk of my tattoo sleeve finished (May 11th can’t come soon enough!), and the remaining $400.00 or so will live happily in my savings account, which has been pitifully empty since 2010. Again, I could have elected to pay off the remainder of my debt with the refund; however, that wasn’t money that I had budgeted into my expenses, and I do feel that I deserve to enjoy my windfall by doing things that I’ve been putting off in the name of making headway in repaying my debts. Those things include small getaways with my fiancé and funding artwork on my skin. Being able to do both of those things and still be able to put away 1/3 of that windfall into my savings? Priceless. And let’s not forget that I will also be receiving back-owed GST credits from the CRA for the next few months, too – all of which will also find a nice home both in my savings and on my feet (it’s time for a new pair of Toms – pricey off the bat, but excellent cost-per-wear breakdown).

It’s been an additional and unforeseen bonus to have a surplus in my account at the end of the last few pay cycles as well. What do I mean by that, you ask? Simply put, recently, I have gone from maxing out my accounts (having nothing left) every pay cycle (in my case, bi-monthly – we get paid twice a month on a set cycle) to having a remainder (which started small, like $10.00 and is now creeping closer and closer to the $100.00+ mark) left to my name (note: this does not include any available credit, I am only referring to liquid cash). I am slowly but surely reaching my ultimate financial goal; that is, security. I am seeing that none of the things my fiancé and I have planned for the future (buying a house, leasing a car, taking more vacations, getting more tattoos, et cetera) are at all out of my grasp.

The mental health benefits of taking care of your financial health are horribly understated. Let me make this very clear:

It is beyond worthwhile to make some short term sacrifices in order to ensure your long term financial health. 

I have not felt this good in ages.

Photo Credit: veryverygoodtimesahead.blogspot.com

So, that’s where I’m at financially. How about you, readers?

What are your financial goals, and how are you attaining them? 

I look forward to reading your replies! As always, feel free to leave me a comment below, or email me with your repiles if you don’t feel comfortable posting them publicly.

I’m off to finish up my Thursday afternoon, so for now, have a fantastic day, everyone!

-Mel

 

 

 

 

Mel’s Musings #12: My $0.02 On Joint Banking

Happy Wednesday, everyone!

Photo Credit: troll.me

How is the week treating you so far? Mine has been busy, but productive – and I must admit to being a little more than kind of excited about the weekend coming up, as my fiancé and I head to Vancouver on Saturday morning for a small “staycation” for his [age-redacted] birthday. Don’t you worry, though – through the wonder that is technology (#GenXY represent!), there are new posts all queued up for you to read while I’m gone. However, I digress. Today, I want to take some time to discuss money and relationships – namely, the mistakes I’ve made, and what’s working for my fiancé and I now.

Photo Credit: finerminds.com

The first time I ever had to consider joint finances was about five years ago, when I first moved in with two girlfriends of mine (I’d lived alone before; however, having room mates was completely foreign to me). It was a messy situation to begin with – we all needed to relocate within a really short time frame (less than three weeks), we had a limited budget, and only I had a full time job (the other two were in school, which was wholly financed by their parents. I was about 6 months out of school, working a full-time day job and a part-time evening/weekend gig as a bartender, and didn’t have parental financial support rolling in). I should have seen the red flags blazing then and there, but naivete and the desire to “be a good friend” were two driving forces that ultimately led to one of the biggest financial mistakes of my life.

When we did find a place that suited our needs and our budget ($1200/month, with utilities included), I footed the bill for the damage deposit and the first month of rent (by wiping out my savings account) under the pretence that I’d be reimbursed within the month. That never happened. Three months later, I’d made all the rent payments, bought the house groceries, and paid for our cable…with no reimbursement. When I finally manned up and confronted them about it, I was called a plethora of colourful names before losing two of my best friends…and I was still stuck with the bill.

Lesson #1: when it comes to friendships and money, if you must cross the two, put things in writing. There is no reason to lose friends over cash, regardless of the situation or the amount. True friends will respect you enough to be frank, fair, and honest about shared expenses or small loans – and before you move in with anyone, make sure to hash out the household finances. Who’s going to buy food? How are you divvying up rent? What is your contingency plan should one of you fall short? Considering these potential pitfalls prior to their occurrence will prevent a potential fallout in the future.

Photo Credit: business.time.com

So, following the fallout of the worst room mate situation I’ve ever dealt with, I went ahead and made the second of three major joint finance mistakes of my life. My ex-boyfriend and I decided that it would be a great idea to move in together (under the pretence of saving me some financial stress). Following a very stressful eight-week stay in his parents’ basement, we found a small apartment that suited us to a T, and for a few weeks, life was awesome. At that point in time, I was working for the government at an out-of-school childcare program and he was employed as a line cook at a local steakhouse. He bought groceries and paid for cable/heat/internet, and I paid rent/condo fees/gas money. Things were fair…

..until he lost his job (and didn’t even try to find another one), and creditors came knocking down the door (they wanted his truck or a sizeable payment), and I decided to “save the day” by taking a $1200.00 cash advance off my credit card (at 21.9% interest…ouch) that was to be repaid within the month, so I wouldn’t accrue any fees. Well, I didn’t really consider the implications of loaning my then-boyfriend that much cash when he was unemployed (ah, how love can blind us!) – and needless to say, three years later, no repayment has been made. Add to that the fact that I was now carrying all of the household expenses – rent, food, utilities, transportation, and our dog’s food and vet bills – and within a few months, I was literally tearing my hair out of my head. I worked 80+ hours per week and made a decent salary, but at the end of the day, I was lucky to have $17.00 left in my chequing account for any frivolous wants or unforeseen necessities.

Four months after I loaned my ex that cash, I ended up leaving him and moving back to my home town..broke, broken, and mortified at my error.

Lesson #2: No matter how in love you are, make a point of treating your finances in a business manner. Good intentions don’t pay the bills, and allowing financial stress to come between you and a loved one is guaranteed not to end well.

Photo Credit: erinweed.com

Back in my home town, I promised myself that no matter what, I’d not make the same mistakes again. After all, I’d been fooled twice financially, I must have learned my lesson by then, right? Well..not exactly. I moved back in with my parents for a week, had enough, and took a friend from high school up on his offer to move in temporarily with him, his mom, and his stepdad. Life happened, and I ended up in a relationship with him (let’s call him ex #2), and mistakes were made.

When I first moved in with ex #2, he had a good job making great money sub-contracting as an insulator. I had my financial stress lifted for a few weeks, then promptly found a job at a fish and chips restaurant as a waitress making minimum wage and tips. That ended abruptly when the restaurant closed, and I went through a few other temporary positions before landing my dream job as the office manager at a used car dealership – a cushy desk job with a great salary, I was finally on the cusp of financial liberation…

…until ex #2 crashed his truck and lost his job. Sub-contracting means getting to job sites with your tools and equipment, which necessitates a vehicle. I helped him to find a car, and for over half a year made the payments on both his vehicle and his insurance (neither were cheap – all in, I was spending about $1000/month). Add to that the fact that he remained unemployed for close to a year (leaving me to buy us food, gas for his car, and pay the rent), and once again, at the end of the day, I was worth maybe $20 after bills were paid.

I really wish that were the crux of my faults here, but I’d be lying to you if I said that it was. The key to my money mistakes with ex #2 was depositing my pay cheques into his bank account. His bank allowed for immediate release of funds when depositing a cheque, and mine required a three-day hold. With bi-monthly car payments and other monthly expenses, we needed that cash to be available as soon as pay day came around, so I never actually had any money to my name, let alone in my bank account. When he would get upset with me for any reason, it would become a fight to get even five of my own dollars to go and buy a coffee with. This mistake will forever haunt me – in handing him financial control, I lost my freedom, sense of self-worth, and a lot of my own money to someone who didn’t have any respect for me – financially or otherwise. And the worst part of it all? I did it to myself by allowing my cheque to be deposited in his bank account. I wholeheartedly consider this to be one of the biggest mistakes of my life.

Lesson #3: You work hard for your money, and you should be benefiting from your efforts! Never, ever, EVER give your financial control over to someone else “just because you’re together.” If someone is irresponsible with their own finances, they will not be responsible with yours. Period.

Photo Credit: chrisjaryconsultancy.co.uk

Nowadays, my view on personal and joint finances is vastly different than it once was. As of this very moment, my fiancé and I have completely separate accounts – we don’t even use the same bank. When we need to transfer money to each other, we either withdraw the cash and give it to each other directly, or send an Interac e-Transfer. We don’t operate on a perfect 50/50 split (yet); however, my fiancé has been just wonderful about giving me not only some time to figure out my lingering financial messiness, but flipping my paradigm on its head and helping me by footing the bill for a few things (including back filing the past 4 years worth of taxes), for which I pay him back bi-monthly (on each pay cheque).

We have a very businesslike arrangement surrounding our finances, and we both believe that it is the only way to make money work in a relationship with no hurt feelings at the end of the day. We’ve agreed that for the time being, we don’t want to open a joint bank account. We both have some loose ends to tie up in regard to our individual bank accounts, and when we do eventually do the joint account thing, we both want to see it as a fresh start – we’re working hard to build a stable foundation for our future together, and that begins with being fiscally responsible. A few months ago, that seemed particularly daunting and impossible from my end; however, now that I have my taxes figured out, my credit rolling again, and I’m getting closer to having my debts repaid, I can see the light growing close at the end of the tunnel.

How do we divvy up the finances for the time being, you ask? It’s pretty simple. We try our best to be fair, within our means…which means that it isn’t really a 50/50 split (in fact, it’s pretty far from that) at the moment. We make an effort to share expenses – and as I get closer and closer to being free and clear, I am capable of contributing more and more. We have an individual chequing and savings account at our bank of choice (he’s a TD kind of guy, I’m an RBC girl), plus a credit card each. In addition, we have a jar (literally a peanut butter jar that’s been emptied and cleaned) that we throw cash into when we can. We call it our “tattoo fund,” although in reality, it serves as emergency cash for when we need to grab a taxi somewhere or whatever else we might need $20.00 on the fly for. And we make a point to spoil each other when we can – it’s nice to be able to surprise each other with things from time to time, we both work hard, and we both deserve to celebrate that!

I think it’s feasible that within a year, we’ll be heavily considering opening a joint bank account for shared household expenses – (think groceries, rent, and dog-related overhead) however, we both feel it crucial to maintain our financial independence with individual bank accounts and lines of credit. This is something I would recommend to any and every single person in a relationship who may be considering merging their money with a partner. By all means, a joint account has undeniable benefits (including lowered banking fees, greater control over budgeting, and transparency between partners); however, maintaining a personal bank account does, too. We want the best of both worlds – and we’re finding ways to make that work for both of us.

Lesson #4: joint banking doesn’t have to be a negative experience! Transparency, honesty, flexibility, and understanding between partners is crucial; however, if those criteria can be met, financial freedom and empowerment for both parties is an attainable goal. That said, it’s important to cover yourself financially, independent of your shared  accounts. Consider keeping a personal banking account in conjunction with a joint account!

Photo Credit: gilmoreandgilmore.com

Do you have any joint or shared bank accounts? If so, how do you make them work with you instead of against you? Tell me all about it in the comment section below!

For now folks, I’m off to tie up some loose ends on my desk here.

Have a lovely Wednesday!

-Mel

Saturday’s Saying

Happy Saturday, everybody!

Photo Credit: weheartit.com

How did this week treat you? Does anybody have any exciting plans for this weekend? If so, tell me all about them in the comment section below – I love to read your thoughts! As for me? The week was super productive – I’ve knocked more off of my to-do list in the past 6 days than I thought was possible! I’m really looking forward to the weekend – I’ll be hitting the gym as per usual with my fiancé after today’s shift, revelling in some much needed downtime on the couch, catching up on sleep, and running some errands. Low key, just the way I like it!

But, I digress. It’s Saturday, and that means it’s time for another round of Saturday’s Saying. This week’s quote comes to us from Arnold H. Glasow, a oft-quoted American humorist who had a prolific career publishing jokes and comics, which spanned over sixty years until his death in 1998. It’s been one of my favourites for years, so without further ado:

Photo Credit: quoteswave.com

I chose this quote for today because it is truly the most accurate representation of how I feel about my recent successes, and it is the modus operandi by which I motivate myself on those days when everything seems impossible and I get in my own way. You see, we’re all raised to be terrified of failing (especially us Gen Y kids – it’s a really interesting topic of study, and I highly recommend giving this article a read!), and I think that it is a disservice to ourselves. Motivators for major positive change in our lives are often deeply rooted in the fear or disdain of the things which we consider unacceptable, unfair, or otherwise unsavoury; therefore, being paralysed by these fears, these “fires,” is counter-productive and leads to selling ourselves short. If I’ve learned anything in the last few year of my life, it is that sometimes, it’s better to let the fire burn instead of extinguishing it right away. To that effect, let’s explore a few of these instances from my personal anthology of previous experience, shall we?

Photo Credit: bestsoylatte.blogspot.com

When I was 19 and vapid impetuous, I made the rash decision to loan my ex-boyfriend $1200, which (at the time) was a huge amount of money (let’s just say that I was a university student with 3 jobs – every penny was accounted for before I’d even have my paycheques in hand). To add to this silly course of action, I pulled the funds off of my credit card (under the pretense that I would be repaid within a few weeks) and for a few days, felt awesome about helping him avoid a terrible scenario – creditors were after him and just about to repossess his vehicle, and it was a relief to know that in a rather sizeable way, I had done some good for him. Well, long story cut short, we’ve been separated for well over three years now, I’ve yet to see a penny of that money repaid, and I likely never will. I’ve since made peace with that; however, life went on (as it does), and that mistake became compounded with another four years of ignoring my financial well-being. Without even knowing it, that succession of oversight (and circumstance) on my part led to kindling a slow burning fire deep in my soul.

Photo Credit: cherispeak.wordpress.com

When I started working here at Slegg in January, I was quickly forced to face my long-hidden financial scarlet letter. Hyperbolic? perhaps from the outside looking in; however, I’d be a liar if I didn’t admit to the sleepless nights, the sick feeling in the pit of my stomach every time I used my debit card (even if I knew the funds were in my account, the few seconds between keying in my PIN code and seeing “accepted” on the screen nearly gave me a heart attack for the longest time), the unnecessary stress, the unshakable feeling that I was a complete moron. Every single one of those negative, brutal feelings were traceable back to the fact that I had messed up my credit as a teenager, had 4 years of taxes owing, and felt too incapacitated to do anything about it.

Photo Credit: Wikimedia.org

And this is where I have to thank Dan for providing me with the spark of hope I needed in order to turn that negativity into a blazing fire. When I was filling out my new-hire paperwork, I realized that a) I had to provide my tax information from 2012 (which I didn’t have, as I hadn’t filed since 2008. Don’t be like me – it is expensive to pay a tax accountant to do 4 years of back filing for you!), and b) I had to run my own credit bureau in order to be cleared by Equifax to do the same for our mortgage applicants (which made me want to cry, because I knew it wasn’t going to be pretty). At first, I wanted to walk out the door. I honestly considered thanking them for the opportunity and calling it quits right then and there…but then, I found a little bit of courage, and I sat in Dan’s office to own up to my situation. At first, I was mortified..and then, we started figuring out exactly what my situation was – it’s pretty hard to solve a problem when you aren’t sure what the scope of things are. So, we started with my Equifax report, and you know what? it wasn’t anywhere near as bad as I thought it was going to be. After that was determined, we discussed my options for re-establishing my credit – and within a week, I’d been approved for an unsecured Mastercard through Capital One. As far as my taxes are concerned, yes – it was expensive to get them filed, and yes, I felt like an idiot for having let them lapse as much as I did; however, as of yesterday, I have completely cleared myself with the CRA and can expect a few rather large returns in the mail in the next few weeks. 

Photo Credit: brotips.com

I let that kindling burn into something hot, something powerful, and I have come to a major success – for the first time in my adult life, I am taking responsibility for (and giving importance to!) my financial health. No spontaneous combustion (in this case, allowing the situation to continue to simmer until the CRA decided to audit me, or I couldn’t qualify for a mortgage, or any other of the thousands of ways my imminent financial self-destruction) would have led me to success; rather, I had to use the fear as fire, and it did indeed lead to a MASSIVE personal victory. Next to no true triumph just happens – success is an action, not an outcome.

Photo Credit: dailyquotes.co

When I really think about it, every single good thing that’s come to pass in my life has been the direct result of “setting myself on fire,” stepping outside of my comfort zone and making things happen instead of waiting for the universe to align and do all the work for me. The linchpin of it all for me has been learning to accept and embrace these “fires” instead of falling victim to my knee-jerk reaction; that is, to fear the fire and retreat into uncertainty, doubt, and inactivity. Since facing my financial fears head-on earlier this year, I’ve made a conscious effort to apply that same strategy to the entirety of the rest of my life, and I have never been happier, healthier, or more productive; financially, professionally, and personally. 

Lyrics from Radiohead’s “Fitter Happier” (OK Computer, 1997); Photo Credit: konton-kyoudai.deviantart.com

Moving forward in my life, I have made a pact with myself to put the proverbial fire extinguisher away and continue to become more comfortable with my recent paradigm shift; that is, allowing the blaze to illuminate my path instead of terrify me into inactivity. Naturally, I can’t turn my emotions off (ah, the perils of being human); however, I’ve already seen the positive effects of facing my finances head on spilling over into other facets of my life. Take my health, for example. I’ve had my fair share of failed/unsustainable attempts at reaching peak fitness – and finally, I’ve found that I do, in fact, have the discipline, strength, and desire in me to be that person that actually goes to the gym three times a week, lifts her body weight for twelve reps (aside: there is no feeling in the world like breaking your own personal deadlift record!), eats a healthy amount of high quality food, and sees measurable results. The secret is allowing that fire to consume you – regardless of the goal, you have to be willing to be devoured by it, to dedicate yourself to it, and to shun your fear by replacing it with passion. Allow your inhibition to empower you, and amaze yourself – every single person I know (including my heroes and mentors) has areas of their lives which need improvement; things that they fear and don’t bother to face out of embarrassment or trepidation – and therein lies my challenge to you, readers. I dare you to face your fears! Start NOW and don’t look back. I promise you, it will be the best thing you’ve ever done for yourself.

Photo Credit: writedownyourdream.wordpress.com

In closing, I’d like to refer to The Litany of Fear from Frank Herbert’s Dune. In the novel, The Litany Against Fear was an incantation spoken by many highly educated people who faced danger or fear during their everyday lives; helping them to focus their minds in times of peril. I believe in the power of a personal mantra in times of personal difficulty, and I hope that for those of you who are brave enough to take my dare and face their fears, this will bring you as much comfort as it has brought (and continues to bring) me when faced with uncertainty. It goes:

Photo Credit: members.vistelar.com

I asked you last week what you were going to do today that your future self would be grateful for; today, I’d like to take that question one step further and ask you this:

What is your greatest fear, and how are you setting fire to it in order to better yourself?

I look forward to reading your replies!

For now, readers, it is time for me to wrap this up –  I’ve a couple more things on my plate before the weekend begins.

Have a fantastic Saturday, everyone!

-Mel

Mel’s Musings #11: Thinking Ahead

Happy Thursday, everyone!

Photo Credit: cheezburger.com

How have your weeks been? I apologize for being a little lackadaisical with the blog as of late – it has been busy here at the office, which is a fantastic thing! I finished a big project this morning and figured that there was no better way to celebrate than to spend some time on a much overdue Mel’s Musings segment. Before we get to that; however, I’d love to know if any of you have any awesome plans for the weekend – if so, tell me all about them in the comment section below! I’m looking forward to Saturday (my Friday) at 4:00, when my fiancé and I will hit the gym before heading home to capitalize on our downtime. It’s been a busy two weeks, and to be perfectly honest, the most exciting thing I want to achieve this weekend is finding a new show to binge-watch on Netflix (we’ve finished “House of Cards,” and “Orange is the New Black” Season 2 isn’t out until June) – any suggestions, readers?

Photo Credit: the-crumpet.com

I digress. Today I want to discuss something which a friend of mine had asked me a few days ago; that is,
“Mel, how does one go about planning their financial future? I feel so daunted by the task of trying to create a plan for the bigger financial goals I have. How do you look at your long-term financial goals?”
Well, since the best case study I can possibly give you is my own, we’ll work with my (and my fiancé’s) long-term goals. Notice how I didn’t say long term financial goals – there’s a good reason for that. The more I grow up, the more I realize that the vast majority of my goals aren’t  rooted in acquiring lots of money; however, the vast majority of those goals still do require capital that isn’t tied up in debt or bills. So, without further ado…

Photo Credit: izquotes.com

First and foremost, I want to completely clear myself of my debts and arrears. I’ve chronicled my journey with debt from how I got into it, to what I’ve done about it, and how I am actively making strides in fixing my bruised credit rating – but the proverbial buck doesn’t quite stop there.

The difference between my financial situation now versus my financial situation back in January is vast. First and foremost is the fact that I took Dan’s advice and got myself back into the credit game with a low-rate, low-limit Capital One Mastercard. I’ve gotten over my fear of using the thing, which is in and of itself a rather large leap forwards for me. I’ve also made a habit of paying the balance off in full each and every pay day; and it is a habit which I intend to maintain, as it will keep me out of hot water with credit card debt – even as my credit limit rises, I will have built a foundation of good borrowing habits.

As far as completely clearing my debts, I am so close that it is almost painful…however, I still have a fair way to go, realistically. I don’t have my hard numbers in front of me, but to give you an idea, I currently owe (roughly):
$175.00 to the CRA for 2012 tax arrears [note: this will be paid off tomorrow, pay day]
$350.00 to my fiancé for covering my tax accountant’s fee [note: another reminder to not be like me! I’ve already paid half of this bill off…it is expensive to hire a tax accountant for 4 years of back filing!]
$400.00 to my fiancé for a couple of other things I had to fund quickly that wouldn’t fit within my credit limit
$ 260.00 balance on my credit card [note: this will be paid off in full tomorrow, pay day]
The whopping total of my debt: $1185.00

When you compare this to the much, much greater debt I was in about 5 years ago (we’re talking 5 figures, folks), I’d consider this a really manageable lump sum to deal with – especially since it is the tail end of the arrears that have been weighing heavy on my mind for the past few years. Realistically, I can have all of my debt paid off by the end of May (and that is giving myself plenty of padding in terms of time and payment amounts). I am mere weeks away from being able to close that chapter of my life and kiss my “bad debt” (and more stress than I even recognized I was carrying with me) goodbye – for good.

Photo Credit: fearlesshomebuyer.com

Secondly, my fiancé and I would like to start laying down some roots and building a solid financial foundation together that will support our dreams and goals as we move forward in life. One of the things we both feel rather strongly about achieving in the next five or so years is home-ownership.

Right now, we live in my in-laws basement suite. It allows us a plethora of perks; however, the biggest one for us both right now is the fact that we are saving a ton on rent (and with the added bonus that we get to take our time finding the right place for us and our dog to call home), which has really allowed us both to focus on getting our individual finances up to par. When we do eventually go to take out our first mortgage, we want to be ideal borrowers – remember, the better your finances look, the more apt a lender will be to agree that you deserve not only the requested principal amount of the loan, but the best possible interest rate, too. 

As far as what we’d like to find with a first home, we’re both more concerned with the investment than the home itself. Granted, we’d like to at very least find a place that we feel comfortable in; however, we also don’t want perfection. We want to find a place with the potential to add equity – perhaps with an unfinished basement that we can turn into a rental suite (or, a place that has a pre-existing legal suite that we could rent out…although we have our reservations about being landlords), or a place which needs some energy efficiency measures put in place. We are young, and we have no dependants or children, so we aren’t put off by the prospect of putting in some hard work  in order to gain equity. That way, when the time comes for us to refinance that first home, we will have the option to sell it at a higher price than what we purchased it for; or, stay in that home knowing that we have added value to it.

While it isn’t our goal to become real-estate magnates, it is certainly a feasible and achievable goal to make real estate a source of capital in the next decade of our lives – if we are patient, smart, and willing to put in the time and effort necessary to attain a fair return on investment.

Photo Credit: sellinglaquinta.com

Finally, we want to be able to enjoy our lives without having to worry about whether or not we can afford to. We’re simple people – we really just want to achieve financial stability together so that we have the freedom to travel, eat well, and be comfortable without the stress of worrying about whether a vacation or an event or unexpected expense is going to put us into unnecessary debt.

Now, we’re already getting there – and I’m not being hyperbolic in the least. Right now, where the two of us are in life, is truly just a starting point. My fiancé and I are both in our twenties, and we’re both learning what it means to be truly responsible with our finances still. And you know what? That’s totally okay, and in fact, I’d even argue that it’s a good thing. It’s a good thing because we aren’t learning these lessons 10 years from now, when we’d likely have a house to lose, rather than just the little bit of sleep we sometimes lose when we’re stressing over our (rather minimal) debts right now. The lesson is worth the price – even if that price kind of sucks in the interim. 

Photo Credit: elephantjournal.com

…and this is where I start to fail you, my loyal readers, as a financial blogger.

The fact of the matter is that it is nigh impossible for me to make fiscal predictions for the future when I can’t foretell what the dollar amounts will even approximately look like. As I am still newly employed here at Slegg and my fiancé is in a period of professional transition; it is neither fair nor feasible to estimate what our joint income will look like a year from now, let alone ten. We don’t own a house yet, so I can’t make an assessment on what our mortgage payment would look like a decade from today. As far as assets go, we barely have any real ones yet; and the same goes for our liabilities, so I can’t even try to put together a hypothetical mortgage scenario to run by you all.

That said, the fact of it is that getting caught up in the questions I can’t answer is counter-productive; however, putting some broad, long-term goals together to keep myself in check is a powerful tool. So, to wrap this all up, here are my big monetary goals for the next 10 years:

Photo Credit: inexfinance.com

  1. Credit
    -Attain another credit card through my bank at a lower interest rate and higher credit limit (this is potentially feasible within the next 8 months)
    -Boost my credit rating to 700+
    -Keep my balance below 70% of maximum at all times (not the case right now; however, will be within the next 3 months!)
    -Be a responsible enough borrower in the next 5 years that when I apply for a mortgage/car loan/line of credit/et cetera in the future, I will not be a liability to my lenders and will not require a cosigner/guarantor

    Photo Credit: bankforeclosuressale.com

  2. Assets & Savings
    -By December 2016, $10,000.00 in my personal savings account
    -By December 2015, have my RRSP topped up to maximum contribution amount
    -By December 2014, have $2000.00 in emergency fund, $2000.00 in personal savings account, $500.00 in travel fund and $500.00 in my chequing account at all times
    -By 2019, be a joint homeowner with my fiancé
    -By this time next year, be looking into financing a vehicle for my fiancé and I to use (note: I suppose I should add to this point a caveat; that is, I need to also budget my time and money towards attaining my driver’s license..)
    -By this time next year, look into some form of joint banking for my fiancé and I (as it stands, we do split bills; however, we do not have any joint accounts) to use for household expenses

    Photo Credit: allwomenstalk.com

  3. Events, Travel, and Things I’d Like To Do For Myself
    -By this time next year, have enough money saved to take my fiancé on a (real) trip somewhere for his [age redacted] birthday
    -There is a wedding sometime in our future, and I’d like to be financially comfortable enough in a year and a half to actually begin thinking about planning it!
    -By 2017, be financially capable of visiting my family in Brasil with my fiancé (the airfare and travel visas are the real expenses here)
    -By 2016, be financially ready to go back to school (whether it is for my mortgage brokers license, marketing degree, or otherwise)
    -By the end of this year, have the rest of my tattoo sleeve finished (I have $500-ish worth of work done on it already; I require at least another $1000-1500 done)
    -By July 2015 (my 25th birthday), register for the Disney Princess Half Marathon (this is listed in my financial goals, because it requires a hefty registration fee in tandem with a trip to Disneyworld!)
    -By 2024, be able to take my parents in-law back to Europe (they took us on a beautiful vacation this past fall and we made some fantastic memories) to say thank you for all that they have done and continue to do for us
    -By the time my fiancé and I are ready to retire, be financially stable enough to travel the world without any worries. There are so many places we would love to visit, and the whole point of working as hard as we can now is to allow ourselves that freedom in the future (sound familiar?)

    Photo Credit: breesays.buzznet.com

So, that’s where I stand in regard to the question that spawned this post. It is daunting to try to look too far ahead (particularly so when finances are the subject of discussion, and even MORE so if your current finances are in a state of disrepair); however, it’s important to step back sometimes and look at things objectively. For me, that started back in January, when I first got my taxes and credit situations figured out. From there, I took stock of my goals, hopes, and dreams, and created a “road map” for my financial future. It isn’t written in stone, but it is enough to keep me motivated and chugging along on the right track.

Photo Credit: meghantelpner.com

What about you, readers? What are your financial goals, and how are you making them a reality?
If you haven’t taken the time to answer those questions for yourself, perhaps it is an opportune time to step back and do so!

That’s all I’ve time for today. Have a fantastic Thursday evening, everyone!

-Mel

Monday’s Top 5: Grilling Gadgets

Happy Monday, everyone!

Photo Credit: weknowmemes.com

How were your weekends, readers? Did anybody get up to anything interesting? If so, I’d love to read all about it in the comments section below! My weekend was short but sweet; however, spring has sprung (did you remember to roll your clocks ahead by an hour this weekend?), and the beautiful weather is putting a smile on my face. In celebration of the warmer weather, I think it’s only fair to make Tuesday’s Monday’s Top 5 about the coolest grilling gadgets to put on your wishlist for this barbecue season. Without further ado, and in no particular order, let’s get started!

1. Lynx Gas Grills 42 Inch Built In Propane Gas Grill With 1 ProSear Burner And Rotisserie

Photo Credit: blog.bostonappliance.net

It seemed only logical to start this list with the biggest, baddest grill I could find. The Lynx 42″ Propane Gas Grill is everything a BBQ aficionado could ever dream of, plus a little bit more. Its sleek and streamlined look isn’t all just for aesthetics; rather, the smooth, seamless welding eliminates places for moisture to collect, and assists with natural air flow through the grill. The hood opens with a spring-assist and fluid rotating handle, making it that much easier to check on whatever you’ve got cooking; plus, blue LED accent lights and a bright internal halogen light make cooking at night a breeze.

Taking a little closer of a look, we find that the burners in this grill are made of cast brass instead of the standard cast stainless steel that is usually found in grills of this price point. The advantages of choosing brass over steel are vast – it is less prone to corrosion, as well as holding and radiating heat more effectively and efficiently than cast steel does. Additionally, the grill comes with an integrated smoker box, rotisserie, and boasts an impressive 1200 square inches of overall cooking space – more than enough for all the steak you can eat.

The 42″ Lynx Gas Grill retails around $6,000.00, and you can order it here.

2. iGrill Smart Thermometer

Photo Credit: blogs.shawconnect.ca

Coming in next on the list is the iGrill Smart Thermometer – which is precisely what it advertises itself to be. Using bluetooth technology and dual thermometer probes, the iGrill allows the user to multi-task between their grill and their guests seamlessly through a sleek app (available on iOS and Android operating systems) which allows them the peace of mind that their food is perfectly cooked and at a safe temperature for consumption.

As evidenced by its touch interface with no buttons or seams to collect dirt, grime, and bacteria; the iGrill was designed with cleanliness in mind. Additionally, the integrated probes cut down on kitchen storage clutter, and standing/laying/hanging options make the iGrill a great solution for whatever your barbecue set-up may be. The dual probe system allows users to monitor two different pieces of meat simultaneously, and the 200 foot wireless bluetooth range allows the chef to mingle with their guests without fear of burning their steaks to a crisp. It is capable of tracking temperatures up to 400 degrees Fahrenheit (however, does offer unit conversion to Celcius, if that’s what you are more comfortable with), and for those without a smartphone, don’t despair – the built in alarm allows the iGrill to function as a standalone timer, too.

Get yours here, starting at $79.99.

3. The Smoking Gun by Polyscience

Photo Credit: coolmaterial.com

Polyscience brings us this nifty handheld food smoker, and claims it to be capable of  smoking ingredients that seem impossible to smoke (such as butter, oysters, cocktails, salads, chocolate, meringue, etc.) at a low cost per serving and in a much quicker manner than traditional smoking methods allow.

The Smoking Gun works off of 4 AA batteries, and utilizes measured amounts of natural, cool smoke to impart a multitude of flavours in varying intensity to food. The choice of combustible used for flavouring is up to you – Polyscience has their signature wood chips available in both Hickory & Mesquite and Apple & Cherry; however, alternative suggestions include teas, spices and dried flowers. It seems pretty simple to use, too – fill the combustible chamber with your element of choice, turn it on, light with a match/lighter, and apply the smoke where you want it.

Get your own Smoking Gun here, starting at $99.95.

4. Cast Iron Garlic Roaster by Charcoal Companion

Photo Credit: coolmaterial.com

As far as I’m concerned, garlic is its own food group. Roasted garlic? Divine. I usually make mine in the oven; however, this nifty little cast iron garlic roaster would allow me to streamline my summer menus by allowing me to make my favourite accoutrement on the grill alongside the steaks and chicken wings at the same time – and with the added bonus of saving some money on my electrical bill, as I’d save the hassle and the expense of heating up my oven for close to an hour just to roast some tasty, tasty garlic.

The concept here is simple – slice the end off of the bulb of garlic so that the tops of the cloves peek through, season to your taste (I like olive oil, salt and pepper), then cover and allow to roast for 45 minutes to an hour. When the garlic is done to your liking, place the bulb in the nifty included silicone garlic squeezer, and squish from the bottom to free the peeled cloves. I have to say, the silicone squeezer is a brilliant idea and addition to this otherwise simple piece of cast iron.

Get yours here for $19.99.

5. Cool Jams iPod Ready Portable Party Cooler

Photo Credit: homewetbar.com

Summer get-togethers with good friends, good food, cold beer, and fun music are pretty much my favourite way to connect with the people I care about and relax when the weather is nice. That said, finding a solution to the age-old  rather recent problem of how best to get our iPods to bump in the outdoors is slightly harrowing. The integrated speakers aren’t loud enough, and for the most part, if you’re going to a cook-out on the beach or to sit around a campfire, you don’t want to haul a pricey laptop or stereo system around with you.

Well, the lovely folks down at Cool Jams solved not only the iPod issue, but the age-old (this one is actually age-old) problem of how best to keep 72 cans of beer (or soda, whatever floats your boat) cool without a refrigerator on a hot summer’s day. Say hello to the iPod Ready Portable Party Cooler – it can hold six dozen cans (plus plenty of room for ice!), features a large, leak-proof insulated cooler with an easy access top flap panel and a large drain plug on the bottom for easy voiding at the end of the night. Finally, the two amplified, built in speakers plug in directly to your iPod/MP3 player of choice via the headphone jack, and promises high quality audio up to a 20-foot radius – making it perfect for backyard gatherings!

Get yours here, starting at $69.95.

Which of these grilling goodies catches your eye? Do you have a favourite grilling gadget that didn’t make my list? Tell me all about it in the comment section below – I love to read your thoughts!

For now, I’m off to wind down my Monday with some data entry. Get out there and enjoy the sunshine, folks!

-Mel

Saturday’s Saying

Happy Saturday, everyone!

Jay-Z is on to something there – make a point to capitalize on your downtime this weekend! (Photo Credit: tickld.com)

I hope you all had productive and fulfilling work weeks – I’m wrapping mine up with this blog post, some number crunching, and some data entry before I hit the gym with my fiancé for back and shoulder day! I had a super busy week here at the office; however, I feel pretty darn good about how much work I got done! What are your plans for the weekend? Is anyone doing anything exciting on this rainy island afternoon? Tell me all about it in the comment section below – I love to read your thoughts.

However, I digress. It’s Saturday again, which makes it the perfect time for another round of Saturday’s Saying! Today’s quote comes from an unknown source:

Photo Credit: earlymorningoats.wordpress.com

What I love the most about this quote is that it is pertinent to all areas of our lives – today, I’d like to discuss a couple of my personal favourite applications of this wise little saying in my day to day life.

1. Debt

Photo Credit: huffingtonpost.ca

I’ve written pretty extensively about my own financial failures, as well as the steps I’ve been taking to correct them and the progress I’ve made since making a plan and sticking to it. Well, it’s been almost a month since I wrote about getting back in the credit game, and while it feels pretty awesome to be working on rebuilding my credit, I still have a few (rather large) bills hanging over my head to deal with before I can consider myself truly “free” financially. Those bills include paying my fiancé back for having footed the bill for my taxes (another kind reminder to not be like me, kids. It’s awfully pricey to have 4 years of back taxes filed by a tax accountant), plus I owe the CRA a small amount for the 2012 tax year that I need to pay back before they will release my refund cheques, and finally, I am anticipating another rather large bill when the remainder of my stuff from Alberta gets shipped to me in the next couple of weeks. Long story short, for the next month or two, every dollar I make has pretty much been pre-accounted for.

This is both a great relief and a great stressor – anyone who has ever gone through the process of clawing their way out of debt knows what I mean.

On the downside, I have a few more weeks left of feeling strapped. It’s not an easy thing to contend with, getting paid and seeing all (okay, that’s hyperbolic, but most is fair) of your paycheque go towards bills/debts. Trust me, I’d much rather go and buy shoes than pay the CRA back for an error an old employer made in regards to my T4; however, that wouldn’t really do me any good in the long run.

On the upside, the light at the end of the proverbial tunnel (that is, debt) grows brighter and nearer with each passing pay period that I stick to my stringent budget. In the next 2 weeks, I will have taken yet another large bite out of the debt I have owed to my fiancé, as well as having the CRA paid off in full. I’ll also be able to pay my credit card bill in full, and have a few dollars left over for my fiancé’s birthday. In another 2 weeks, I’ll have paid my fiancé back exactly half of the sum total which I owe him. By the end of April, I should have all of my debts paid off. In full. I can’t even begin to tell you all how incredible that feels. 

So, my present self is working really, really hard. My present self is making sacrifices and making progress. And my future self? Soon to be very, very grateful that I took the initiative to fix the problem when I did.

2. Savings

Photo Credit: fresnocfcu.org

Savings are something I believe in – very, very strongly. Now, I’ve not been a shining example of this as of late; however, I do have a humble little savings account that I try my best to contribute to (even if it’s $10) every single payday. When I get my tax returns and when my debts are all paid, I’d like to shift a large portion of the money I had been using to repay my arrears with directly into a high interest TFSA (tax free savings account) – that is a small thing I can do now that I will undoubtedly thank myself for in the future.

There are all kinds of excellent options when it comes to ways to invest your savings in order to get the best possible return on investment (ROI in finance speak). My first suggestion (especially for those who are new to the world of investments) is to find a financial advisor and arrange a sit down with them to discuss your situation. There are also plenty of awesome resources online – I recommend giving this a read if you are considering investing your hard earned cash! I am a fan of GICs and government bonds; however, I’d like to explore the world of mutual funds and stocks when I have a little more capital invested in my nest egg fund. I also aim to have at least 3 months worth of salary saved up in an “emergency fund.” Should anything ever happen to me and I require time off of work (or alternately, my fiancé), at least there is peace of mind in knowing that we will not have to go without the basics. Granted, that isn’t the case for my savings account as of this very moment; however, it is a goal that I am aiming to fulfil by the time 2015 rolls around. Today I go without a few things I want but don’t need, so that in the future, I will be able to afford myself financial security regardless of the invariable wrenches that sometimes find their way into even the best conceived of plans.

3. Spoil Yourself (Within Your Means)

Photo Credit: luna—belle.tumblr.com

Alright, so with all the re-paying and the saving and the day-to-day bills, it’s easy to get stressed out pretty quickly. That said, I firmly believe that amidst all the hard work (and inevitable anxiety) that goes into fixing financial messiness, it is important to find ways to spoil oneself in the interim. For me, this usually breaks down as such:

First and foremost is keeping my body as healthy as I can. Eating right and exercising are the keystones of keeping myself in a positive and productive mental state. As far as eating right on a budget goes, I have a secret to tell you: it’s so much easier than you think it is. The keys are to a) buy non perishables in bulk, b) prepare your own food (we like to make a week’s worth of breakfast and lunch to take with us to work in our household), and c) buy what is in season – prices on all sorts of food can fluctuate like crazy depending where you live (for example, tomatoes in Calgary during the dead of the winter can be as much as $1.50 per tomato; whereas frozen vegetable blends usually go on sale during that time of the year). Shop smart and reap the benefits!
With regard to preparing a week’s worth of food, it seems daunting at first; however, once you get used to it, it is hard to turn back. I usually take Mondays (my Sunday) to do my food preparation. My standby meals? Baked oatmeal or a large frittata for breakfast (both can be made in a batch large enough to serve 2 hungry adults for a work week for under $5), tuna salad, rice and beans, or hardboiled eggs and roasted vegetables for lunch. If anyone is interested in those recipes, I’d be more than happy to share (just ask me below in the comments section). There is also an unreal wealth of resources online – I recommend starting with this, and this, and this – but a quick Google search will help you find literally thousands of other ideas.

Equally important is exercise – not just for the obvious physical benefit, but for the stress relief that comes along with the endorphin rush you get after a good old sweat-fest. If you’re looking for a gym, try to find one that will suit your needs without breaking the bank. My fiancé and I have been lucky enough to find an awesome gym right across the street from the office that costs us a mere $20/month each. If there aren’t any gyms that suit your budget, I’d recommend first taking a look at municipal recreation centres and checking their prices out – their monthly passes are usually rather affordable, and the vast majority of them offer pricing flexibility for low income families/individuals/students. If all of these options are still out of your price range, go and dust off your sneakers, hit the pavement, and go for a run (if the idea of running terrifies you, check out the Couch to 5K program – I started with that a few years back, and before I knew it, ran my first 5k, then 10k, then half marathon, then full… Added bonus: there is a fantastic (free) app that you can download and take along with you to give you the run/walk cues as you go!), or take the dog for a walk, or go for a stroll with someone you love. Take your health as seriously as you take your finances!

Photo Credit: boxgrl81.wordpress.com

Secondly, take the initiative to put some money aside for a small “luxury” for you to truly enjoy – something that you want that isn’t a debt, bill or stressor! For example, I will be taking my fiancé to Vancouver in 2 weeks to celebrate his birthday. One of our favourite bands will be playing a show the weekend following his birthday, and I really wanted to make a point to go and celebrate all of the strides we have both made recently in our personal and professional lives.
So, I took a step back and I found a way to make it work. First off, I had to figure out whether or not I could afford to make it happen – and it turns out that with some creativity, I’ve actually paid it off in full already. I booked our hotel off of Hotwire.com and got a killer deal, bought our concert tickets early (and thus paid the early bird price), and since I pay my credit card bill in full every paycheque and I made these reservations close to a month ago, we can go away for the weekend knowing that our only expenses will be food and any sightseeing we choose to do – pretty awesome, you guys. Affordable, fun, and something special to commemorate another year of my love’s life!
Now, this isn’t something  I can afford to do every paycheque; however, I can do things like treat myself to a new book, or a date night out with my man, or even something as simple as a good latte once (or even a couple of times, budget depending) every two weeks.

Photo Credit: karen-gallagher.com

Finally (and most importantly, in my opinion) is to keep the end goal in sight. Sure, I messed up pretty big a few years back. Naïveté and circumstance certainly don’t excuse my mistakes; however, they do explain them. If I could go back in time and keep my teenage self from putting a serious dent in my credit, I would; however, time machines do not exist – and hindsight is 20/20. So, moving forwards, all I can really do is just that – I’ve learned how important it is to create and maintain momentum in life, and I’m only really doing the wrong thing if I make the same mistakes over and over again.
My end goal is to be financially comfortable to the point where I don’t have to stress over how much is in my bank account; to have the freedom to travel and do the things I want to do without a second thought; to build a stable and secure future with the love of my life; and to be able to pay forward some of the (financial) kindness I was shown by friends and family in my times of need.
I am working my tail off to achieve the end goal – and trust me, there are more days than I’d like to admit that are spent ruing my past mistakes, feeling sorry for myself and wondering why the heck I’m doing what I’m doing. It’s hard enough admitting to your past mistakes – fixing them isn’t easy; however, it is the sole means by which you can rid yourself of that weight permanently.
The short term sacrifices are worth it in the long run – but you have to be willing to stick it out in order to reach that finish line.

Photo Credit: pinterest.com

So, to cap this all off – as far removed as your fiscal matters may seem from the rest of your life in regard to your health and happiness, the truth is that money can either be a source of great comfort or vast tension. With that in mind, the power is in your hands – what are you going to do today that you will thank yourself for tomorrow?

Photo Credit: blog.excellentpresence.com

If you need guidance with regard to consolidating your debts, please do contact us here at the Slegg Mortgage Team – it would be our honour to help you navigate your finances and achieve your goals.

Have a fabulous weekend, everyone!

-Mel