Automation and Money

I have a confession. I have been neglecting my snowflaking account. I know I know... you all though I was going to say I racked up debt!! Trust, I'd very upset if that was the case. I just thought I would shame myself to get back on track. Because I know I have let the money slip off my accounting system.

 Another thing was unknowingly happening over the summer and I just didn't realize it. My base income went up over the summer and it went down and it went up and then it went down... yup you heard that right, 5 different base pay amounts.  All though my take home pay never went down enough for me to realize it. Which basically means that a couple hundred dollars was spend and not completely accounted for. I say that because I can account for it in my budget when I go back and see but I wish I had been more on top of it. For example I got a raise at work for getting my license I thought that I wouldn't get it on my pay until all of them had come in so not for another month. Turns out they added it in August. basically it works out to be about 50 dollars extra on my pay. Now because my base pay has gone up so has amount I get taken off to buy company stock. I want to make sure that the automatic savings got a boost too but since I don't know how everything will be effected I didn't boost it up to much. ING use to take out 50$ each pay, 25$ for retirement and 25$ for my emergency fund. Starting next pay they will be taking $60 off. $30 for my retirement fund and $30 for my emergency fund. Which works out to be an extra $20 off each month. I think with this and my stock increase I won't even notice that I am not 'spending' the pay increase. 

I think that's the best way to make savings painless. If you get a yearly raise, raise your automatic deductions. 

Weekly Spending Re-Cap July 25-31

July 25 (Monday)

no Spend day

July 26 (Tuesday)

No Spend day

July 27 (Wednesday)

No Spend day

July 28 (Thursday)

$192.87  Wal-mart Second set of new tires for car 

July 29 (Friday)

$151.36 Mike Pazak for safety inspection and e-test for car

July 30 (Saturday)

$86.35 for plate sticker for car

$11.05 Canadian Tire  glass cleaner to clean windows in car

$51.04 to fill up gas tank

$ 18.06 Cosco 2 boxes of cat litter

$11.95 monthly Bank Service fees

July 31 (Sunday)
$2.25 sponges
$17.61 Gas top-up 

Well I was at first kinda back on track with my spending. But man did I fall of  the band wagon so to speak.  But the good news is I got all my weekly goals done. My car is now legal for the road, my BF has got some stuff moved in and we have one coat painted in his room. I am going to do the second one today. I finally met up with my prof and got my Duke of Ed book signed by him and his letter came in the mail.

 My car fund is no longer at the $1,000 mark and after first and last month's insurance bill it will drop again. But I am ok with that, as long as I still have a few hundred in the account left to start building it back up I'll be happy. Despite how much I have paid out for the car I still got a decent car for under $4800 and its mine 100%. No car payments just gas and insurance, things that I can tweak as I learn more about the cost of a car.

I need a little bit of advice. I made a large payment to my LoC on July 28 but TD has not got it. SO when I called them up to get my updated figures this month they do not include my last payment of the month. Should I update my LoC with out the July 28th payment  and include it on August or should I weight for a couple of days until the payment shows on their system which will be after this long weekend and then include it in my LoC update. In the past that's what I have always done because in my  mind it's part of  say July's budget not August's budget. But what you think???

Snowflaked $10 left over from paying cell phone bill into retirement fund. Jar at 424.69 + 10 = $434.69
Retirement fund owing 363.58-10= 353.58

The night before pay day

To day is the night before pay day and I had $13.37 left in my chequing account. So I have snow flaked that into my retirement fund to try and reduce what I owe the fund.

Owing $376.95-13.37=363.58 still owing

snowflake jar 411.32 +13.37= 424.69 new balance.

Bi-Weekly Finances and Funds

	Monthly Pay	1st Pay	2nd Pay	ActualBill
		1,027	1,084
Catigories	MFA	Amount	Amount
TD Line of Credit	907.55	407.55	500	113
OSAP	117.45	117.45	0	117.45
Visa Card	0	0	25
Retirment Fund	50	25	25	50
Emergancy Fund	50	25	25	50
Christmas Fund	80	40	40	80
Storage Unit	0	0	0	0
Cat Fund	100	0	100	100
Cat Food Fund	40	20	20	40
Condo Fund	0	0	0	0
Vacation Fund	0	0	0	0
What if... Fund	134.45	134.45	45*	134.45
Cell phone	100	50	50	79.38
Car Fund	100	120.28	179.44	299.72
Comp Stock	164.32	82.16	90.38	172.54
Transit
Spending Money	150	75	75	150

* Means that I put the money into my Xmas fund to help replenish it but was not originally mend for fund


I decided to write my post on blogspot but it didn’t save it… how upsetting is that! So I am going to try and recreate was I had written, I promise you my last post was whyter than this one...lol


You will notice that there is a discrepancy within my budgets. This is because my Company stock is taken off my pay before I get it, so even thought I budget for it and include it in my total cost my take home pay is the amount after the stock contribution has been added. I hope that makes sense.


The other thing you will notice is that with pay #2 my take home pay went up this is because of the 10% extra for taking the flex shift. However what they did was treat it as thought I got a 10% raise which resulted in an increase in my CPP, IE and Company stock contribution. This makes my actual difference in pay work out to be like $60.


You will also notice that I only put $500 in to my LoC and 25$ in to my visa. This is for the first installment to pay for my referring course that I put on my visa. The course cost $96.05. Thus $96.05-25= $71.05 is out standing on my visa. As well, I put $59.00 on my visa for the tank of gas. I have paid some of this off already 59.00-2.57-20.62= $35.81. Thus in total my current outstanding visa bill balance is 71.05+35.81= $106.86. I will reduce this amount by snowflaking and regular payments before the end of the month.
This month is a 3 pay month for me which is wonderful! I also plan to make up the difference of the $25 to my LoC next pay. I had hoped use the ‘extra’ month’s pay to put a large chunk on my LoC but that will likely not happen. My BP’s parents and I spit the cost of personalized license plates for him and that cost will come out of June’s 3^rd pay. I also need to top-up my car fund and put money aside for the car I will likely have to rent next month to get up to the camping trip.


I mentioned before that I need specific work items, mostly shoes but I need a black pencil skirt as well. I have a whole bunch of neat knee high stockings that I want to be able to wear but don’t have the right skirt for. I was waiting for the bus and I saw a girl wearing the perfect skirt. So I asked her were she got it. I don’t like mall shopping I am a purpose shopper; pick up what I need and leave. It was funny because the next Q that never left my lips was ‘how much?’ I looked it up on line and the skirt is under $25 which is perfect because the idea of spending more makes me ill. So I think I am going to pick up the skirt sometime this week, paid for out of my spending money form this pay.


Bills paid for the month:
Visa~ $48.19
Cell phone~ $79.38
OSAP~ $117.45
LoC~$1007.55

No to shabby considering that we are under a postal strike, though the only thing I haven’t got as of yet is my visa bill. And I talk to TD regularly so no biggy.
I have updated all the funds and side bars except for my Christmas fund. It will stay stagnant until the amount owing is back to zero.


I don’t know how to say this because “I noticed or I just realized” doesn’t sound quite right. But I still owe money to my retirement fund. I would hate to have the amount still outstanding being carried over into the New Year (2012), so I am going to slowly work on snowflaking that down to Zero, once I am done with my Xmas fund.


I think about explains everything. If you have any Q’s just drop me a line.

Pay Day

By now I am sure that most people are aware that I like love books. I have often thought about going through my old LoC and visa statements and tallying how much I have spend on books in the past. One of my goals this year was to read 50 books I already owned. Partly to help achieve on of my life goals (to have read 97% of books I own). But also because I am sure that I currently own more books that I have NOT read than read. Second I put myself on book buying ban in February and never really stopped. I am proud to say that I have not bough a single book this year. This is might not seam like a big deal but for those who are shopaholics, or love buying shoes this is like you giving up shoe or clothing shopping for 5 months. To help keep me away from the temptation I have avoided going into book stores. 


Work always seams to have a ‘market place’ set up every pay week in the lobby of our office building. Most of the time the stuff sold is bags, clothes, jewellery and trinkets, so I don’t have any issues with resisting spending money. However this past pay week we had a full on book sale! It’s like my Company wants me to spend my pay before it’s even in my account. I decided that I do have $75 that I can spend so I decided to look around. There was only one book that was interesting partly because it was so heavily discounted for what it was. The book was Peterson’s field Guide to Eastern Trees, normally $20-30, only $7.99. So it was a great deal. However I didn’t buy it because I am sure we have a copy at the cottage and because I currently have no use for the book. Also the sale down stairs was set up by the company that run’s Blowout Books which is basically heavily discounted books that are the end of a print or books that didn’t sell well in normal book stores like Chapters. The end result was I walked back to my desk empty handed. 


Any ways with out ado, the budget:


                              Pay (OT included): $1,152.68
                                   Easter over time: $125.54
TD LoC: $525
OSAP: $0
Visa: $0
Retirement: $25
Emerg fund: $25
Xmas fund: $40
Vet bills: $50
Cat food: $20
What if fund: $84
cell phone: $50
Car fund: $142.14
Company Stock: $82.16
Over Time money ($125.54) put into LoC


Included in the Car fund amount is $9.00 left over form last pay that was snowflaked into car fund.


Bills Paid to date:
Cell bill: $75.39 ($24.61 snowflaked into LoC)
OSAP:  $117.45


Total snowflakes: 9 + 24.61= $33.61 

Today was Pay Day!

With everything going on I hadn't had much chance to think about it. As it turns out I didn't get any stat pay I was due on this pay cheque. So I have to talk to my manager about it, however I haven't seen him at all this week. He's been MIA at work the days that I have been at work.

                                                            Pay: $1,027.08

TD LoC: $407.55
OSAP: $117.45*
Visa card: $0
Retirement fund: $25
Emergency fund: $25
Xmas fund: $40
Storage unit: $0
Cat food: $20
Vet bills: $50
Vacation fund: $0
What if... fund: $84
Company Stock: $82.16
Car fund: $128.75
Cell phone: $50*
Spending money: $73
Left in account: $2

*= money put in holding account until bill is due

Oh To Be Debt Free

Today I paid my cell phone bill at $95.03, I budgeted $100 so the $4.97 was snowflaked into my line of credit. I have also snowflaked $25 which was originally allotted for my visa card.

 I think I made a mistake today. I told my mom I was no longer in consumer debt aka I had paid of my visa, she was surprised but she wasn't happy for me. No if you can believe it, she was resentful!! And I know that in one of our many arguments she will toss it at me. I made sure that when I told her a friend was around so that she couldn't make snide comments, though it didn't really stop her form one or two. I don't know what divorce does to woman (yes generalized I know) but she feels my sister and I are balls rapped around her neck holding her back. Last night she told Em (my sister) and I that she was kicking us out. I already know she resents the fact I went to university, I have already had that tossed at me. One of the reason's I am working so  hard to get out of debt is so that I can move out. I no longer want to be her excuse for why she hasn't got her life in order.

Any ways on to happier news, yesterday was pay day. The following is how I broke it up.

LoC~ $525
OSAP~$ 0
Visa~ $0
Retirement fund~ $25
Emergency fund~ $25
Christmas fund~ $40
Storage until~ $85*
Vet bills fund~ $50
Cat food~ $20
Condo fund~ $5
Cell phone~ $50
Company Stock~ $82.16
Car fund~ $117.73

* = currently sitting in holding account until I pay the bill

I have decided after the cats have gone to the vet's and I know how much it cost and what's left in my vet bills account I am going to play with the numbers again. I want to start putting $50 a month into my condo fund. I know its not a lot but anything is better than nothing.

Tax Return and Visa Card Update

I have noticed that I don't have very exciting titles for my posts.  But to be honest I really can't come up with anything exciting. I will endeavour to change this. Any ways I deposited my Tax return today and walked the $850.20 over to TD to pay off my visa card. Or I thought I was paying it off in full. Turns out I was $14.95 short. So when I got home today I made a bill payment from Scotia to TD visa for $14.95. As such I can't say I am consumer debt free yet... sigh how depressing. In the mean time I am actually going to go through my old visa bills to find out when the last time my bill would have come in with a Zero balance. I don't think I have ever had one; it would be interesting to see.

I moved $450 into my car fund which brings it up to $3,361.80. I also moved $50.00 into my retirement fund, I have no idea what it's at. Last I moved $98.73 into my What if... fund, which brings it up to $108.73. I may have to dip into it to get my friend a bday gift and card. I'm not so happy about this but I can't not show up to her place empty handed. And this is what the fund is for in the end. Example: What if... [INSERT FRIENDS NAME] birth day comes up and I have no spare cash.

After I finish this post and updating my side bars, I have to sit down and start writing cheques out to my account and to the charity I sponsor a child from.

I have been mulling over stuff with my line of credit and I think it is going to be really tight this month. I really want to get it under $30,000.00 but I don't know if I can do it or not. Cross fingers!!! It will depend on what's left in my bills account after I pay all my bills this month. Last month I had it all predicted so when I was updating my net worth before the bill came in there was no surprises. This month is going to be different.  

Tax Return, GST and Banking Woes

I have become a bad case of what not have happen when dealing with Banks, Gail would be so disappointed in me. Today after work I went to the ATM to see if my $50 deposit had gone through OK, only to find my account was in the negatives again. If screaming in a work environment was considered OK, trust me my friends in Australia would have heard me!! Any ways I walked in to the bank branch before it closed to talk to a teller about this. I explained that I had already talked to ING about over drafting my account but that I had deposited $50 into the account to being it back up to a balance of $2. She told me that for every overdraft transaction the bank charged me $5 because my account was 'mistakenly' not treated as a staff account. I don't know why this is the case... I haven't been fired... and trust me when I leave the Company Bank this account with be Closed, CLOSED. The Teller told me she should reverse the charges tomorrow, since it was the end of the day. Now I will have to go down tomorrow at lunch to make sure the charges have been reversed, so that I don't have further issues with over draft charges. Honestly this is becoming one bad nightmare!!!

My GST cheque came in the mail last week ($62.50) it will go to my Line of Credit, when I get to the bank hopefully tomorrow.

My tax return finally came in on Monday. The total came to $2,178.23.

This is how I have decided to brake the money down.

$852.20 to wipe out my Consumer debt (Visa card debt)
$490 for Child Sponsorship renewal
$237.30 to my accountant for doing my taxes
$450.00 towards my Car Fund
$50.00 towards Retirement Fund
$98.73 towards What if ...Fund which will go towards my Anime North 2011 weekend

So tell me what do you think?? Any suggestions?? I am not going to get to the bank until after work tomorrow so any feedback is welcome!

bi-weekly finances, funds and relationship issues

As promised I am going to post my bi-weekly funds allocation. And just as I was about to write the first word I realized there was still a lot of money sitting in my checking account because I haven't actually moved any money around since I got home. The last few hours I have been going through a roller coaster of emotions and now I am just emotional zapped and don't even feel like talking about it or blogging, let alone doing any banking. However I have responsibilities so I just did the transfers. When I got home I was so ready to just rant about everything that had happened but my sister was home so she became my sound board. Now I am just drained and mellow.  Also for some reason when I last called in to ING to switch around the date my automatic withdrawals were to come out of my account they skipped the automatic withdrawal for this pay. So as a result I just cleared my Company Account and didn't even realize until I finished trans the money around and still have $119.00 left in my account instead of the $75 I was expecting.  A quick call to ING to find out what was going on and after trans of amounts to my back up Fund accounts and the issue has been sorted out. Only somehow I short changed my Retirement Fund by $6.00. And I have no idea how I did it!! So I have reduced my spending money by $5 to help make up the short fall, I will put the other $1 back at the end of the pay cycle.

                                                                 Pay: $1,098.89
TD line of credit~ $382.55
OSAP~ $117.45*
Visa~ $25*
Retirement fund~ $24
Emergency Fund~ $25
Christmas fund~ $40
Storage unit~$85*
Cat fund~ $50
Cat food fund~$20
Condo fund~ $5
Cell phone~ $50*
Company stock~$82.16
Spending money~ $70

* = money siting in bill account until the time comes to pay the bill.

On a side note my GST cheque came in for $62.50, so when I am next at the bank I will deposit it into my line of credit.

UPDATE: I didn't feel like finishing the post last night so I went to bed. Sorry for the tartyness.

Bi-weekly Pay, Fund Allotment and Playing with Money

It was payday this last Thursday. I didn’t however move money around until yesterday.  As it turns out I was in over draft again by $0.11 and because I always have my Work Bank Account at zero they dipped into over draft again. What this all means is next month I will be paying over draft on overdraft… ARGGGG!!! I fell like such a (fill in blank). It bothers me because I have never had nor neared overdraft. In my mind when the bank balance says zero then that’s it. Money doesn’t grow on trees. Also in those rare occasions where I want on the read with Scotia I never got charged over draft interest. So I now have had to leave $2 in the account so as to stop these charges once and for all.

I made sure that I walked into the bank and withdraw the money that was left in my account AFTER ING had taken the money out. I use to do email money transfers as we are allowed 2 free, on one month billing cycle. I thought I had been ok that I hadn’t gone over the 2 transfers. However it has been indicated to me that I did which is how my account ended up in the negative.  Another reason I was given because I called in twice to find out how the charge happened; was that the ING stuff comes out of my account at 12am the day I picked and my pay comes in at 4ish in the morning. So hopefully by resetting my ING money to come out the day after I get paid this will stop the over draft interest as well.  Than on Fridays I will be whipping my account out at a branch and walking it over to Scotia. The hope is that all this will brake the gross cycle of over draft interest I have been paying. After all I worked hard for those 11 cents!!

My last month’s bill for Rogers was way over budget due to the stuff with Cuba, coming in at $155.83, thus $55.83 over. So I have had to play around with the numbers again. I had $28.00 left over from last pay. This was snowflaked into my bills account to help cover this cost. I had $25 (in cash) left over from the cost of my licence renewal that I was going to put into my car fund. This will go into my visa account and my allotted $25 from this pay for my visa will be rolled into my Rogers bill to cover the excess cost of the cell phone bill. This means that I will have $54.00 extra for this bill.

My Company Stock contribution was dropped .I would like in the future to make the full 10% which is $136.93. However I really can’t at this point, so I have dropped it down to 6% which is $82.16 a pay. My Bank only matches up to 50% of your contribution up to 6% which means that they will match 3% of my 6% contribution. You are allowed to put up to 10% but the Bank only matches up to 6%.

I have also added my Emergency fund to my direct withdrawals with ING. Starting this last pay ING will now take of $50 bi-weekly off my pay, $25 for my retirement fund and $25 for my emergency fund.

Last but not least, I have $7.28 that I am carrying around with me until I can get to a TD bank. This money will be snowflaked into my Line of credit.

Bi-weekly pay and fund allotment:

               Amount (after stock contribution): $1, 011.73

TD Line of Credit: $400

OSAP:  $0

Visa: $25

Retirement fund: $25

Emergency fund: $25

Christmas fund: $40

Storage Unit: $85

Vet bills Fund: $100 (50 for last pay and 50 from this pay)

Cell phone: $100 (50 for last pay and 50 from this pay)

Car Fund: $100.00

Spending money: $75

Bills paid to date for this month:

TD Line of credit: $700

OSAP: $300

Visa Card: $25.00

Cell phone: $155.83

bi-Weekly Finances/Funds and New Developments at Work

As I write this post I am watching the very first episodes of Till Deb Do Us Part. It my guilty pleasure and its now free on www.slice.ca :D

I have mentioned that my March budget had hit several different bumps and we are only about 1/3 through the month. The first one was the reality check of my income which is $1,027.08 not what I thought/budgeted. The second reality check came when I finally got my enrolment into my company stock started. The first thing was I didn't know the amount came off the gross income and not the net. This reduced by take home pay and also affected my budget. The other thing is that I didn't have a place in my budget for this added category -I can hear Gail saying 'HELLO'- and she would be right. So the next question is what category do I 'steal' from to cover this unbudgeted expense. I have decided to take it out of my car fund. However I will be adjusting my stock contribution from 10% to 6% as I still get the most out of the fund with my company's contribution but will not completely affect my budget. In an attempt to try and reduce the damage on my car fund goals last night I decided to snowflake the $18.37 left over into my car fund. This brings my fund to $2631.77.

As for work, my DPTM is going through restricting. What this means is that I will be refocusing my skill sets and required to get my insurance licence before June 6th other wise "we will be reevaluating your continued employment in your current role" or so the letter says.  So that means its back to bank school to get my licence. I will explain the rest in more detail in a later post.  Without any further delay here is my budget:
    
                                                                         Amount: $1,052.79
                                                      After stock taken off: $956.96

Line of credit: $300
OSAP: $200
Visa: $25
Retirement Fund: $25
Emergency Fund: $25
Christmas Fund: $40
Storage unit: $85
Vet bills fund: $50
Cat Food Fund: $20
Cell phone: $50
Car Fund: $61.96
Spending money: $75

Back to Reality

Yesterday I got back from Cuba. I had a lovely time and I came back with money in my pocket, which makes me very HAPPY!! After getting off the plane I got back to reality. I went to the bank traded money around, paid bills and picked up my BF at the airport who spend the past 10 days in Newfoundland.  I also have just set up my 'The What if...Fund'. This fund is basically designed to be an in between fund for things that come up that are just A) oops forgot to put money aside for this or B) money has not been budgeted for this but I want it/need it or C) something needs to get fixed. Option C is currently in effect as my sewing machine is in repair.

Bi-Weekly Budget

                                               Amount: $1,093.89

                                               Amount after ING: $1,043.82 ($-25)

Retirement fund: $50.00

Storage unit $75.00

TD Line of credit: $300.00

Xmas Fund: $80.00

Cat fund: $100.00

Cell phone: $94.86

Car Fund: $50.00

Visa: $50.00

Cat food fund: $10.00

Emergency Fund: $25.00

The What If… fund: $10.00

Licensing fee: $50.00

OSAP: $82.55

Spending money: $67.00

Two Week Spending Recap Feb 14-27, 2011

February 14 (Monday)

$-17.91 Cineplex

February 15 (Tuesday)

$-24.00 for Transit Tickets

February 16 (Wednesday)

No Spend Day

February 17 (Thursday)

No Spend Day

February 18 (Friday)

No Spend Day

February 19 (Saturday)

$-168.37 self store fee for march

February 20 (Sunday)

 $23 budgeted, $13 spent

February 21 (Monday)

$70 budgeted, $30 spent

February 22 (Tuesday)

$60 budgeted, $29 spent

February 23 (Wednesday)

 $60 budgeted, $23 spent 

February 24 (Thursday)

$80 budgeted, $69 spent

$25.00 to retirement fund

February 25 (Friday)

$80 budgeted, no idea who much was left over/ spent

$-2.00 for a tea at the airport

February 26 (Saturday)

$-94.64 Roger’s bill

$-50.00 for visa bill

February 27 (Sunday)

$-7.55 Go train ticket from Whitby to Toronto 

I took $500 cash as my spending money for Cuba. After converting it I got $457.35 CUC back. Through out the week I budgeted $23, $60, $70 and $80 depending on the day. I never once spent the full amount on any given day. As such after paying my exit tax ($25.00) and converting my money back from CUC to Canadian dollars I had left Cuba with $205.00 in my pocket. I debated what to do with it. In the end I have decided to use it to pay for the repairs on my sewing machine and for my Anime North ticket. This way I can 1) finish my Halloween costume for reuse at Anime North and 2) pay for my ticket with out affecting my March budget. 

Good Bye Vacation Fund and Line of Credit Update

If you look to your right you will notice that I no longer have a vacation fund bar graph. I used up all the money in the account and shamefully dipped into my retirement fund account to cover the rest of the trip cost. This is  one of the reasons I decided to change the name of my general savings account to retirement fund so that it would no longer be used for 'general use.' Any ways since I have for the most part paid and this is the last major trip I will being taking in a while I have decided to get ride of the fund for now. 

I am  a little behind on my updates, I am sorry about that. I have great news I had planed to have my line of credit down to $-32,000.00. I have accomplished this, my line of credit is currently standing at $-31,965.95 which is LOWER than 32,000.00. How wonderful is this!!!

Recap of amounts put in:
Dec.31  LoC balance: -32,915.15
Jan 4 deposit: +30.00 (Dec. 2011, snowflake)
Jan 4 deposit: +200.00 (Dec. 31 pay day deposit)
Jan 10 deposit: +35.00 (Xmas money)
Jan 14 deposit:+28.64 (snowflake)
Jan 14 deposit: +300.00 (Jan pay day deposit)
Jan17 deposit: + 62.50 (GST cheque)
Jan 28 deposit: + 17.07 (Snowflake)
Jan 31 deposit: +400.00 (Jan pay day deposit)
Jan 31 interest: -124.01

END BALANCE: $ -31,965.95

The exciting thing is that I paid $2.11 less in interest as December's interest was $126.12 every cent counts! To the best of my knowledge the interest rate between the two months stayed the same. But until the paper work comes in from the bank I won't know for sure. The bank isn't able to tell me this stuff over the phone... sigh.

Oh and incase you'd like to know last month I put in $719.90 beyond my min. line of credit payment.

ING and Fund Name Change

I sent up an ING account yesterday. One of the options they had was for them to do direct deposits from your 'normal' account to there's every week, bi-weekly or monthly. I decided to set up bi-weekly starting March 10th for $25.00. This isn't a lot of money I thought since I have never ever had a direct deposit system a mall number was the way to go. Also it means that I can budget the transfers being done for me since it should come out every pay day.

 You will notice on the right hand side I have changed my general savings funds (10% fund) name to Retirement fund. This is because this is what it should be. From now on it will be known as the Retirement Fund.

The ING fund is going to be the final home of my Retirement Fund. This however has left me with a bit of a problem. You see currently my Retirement Fund money is in my Scotia account and my new direct deposit will be coming from my paycheque account which is with a different bank. This means that I now have to transfer money form one bank account to another bank account. Then I have to write ING a cheque for it all from my paycheque account.

I hope to have all this done by the end of the week so I no longer have to look at my savings account in my regular banking. Thus allowing it to slowly grow with any interference on my part.