Not falling trap to lifestyle inflation

I’ve been in Calgary for a little over 6 months at this point and it feels both faster and slower than I expected. Part of me feels like I never left but the other part of me misses home and misses not seeing my family every week for Sunday dinner. The added 5 months of long distance hasn’t made this any easier but it’s something we are dealing with. The last time I lived in Calgary I found myself starting to see a bit of lifestyle inflation and I can honestly say I attribute most of this to the city of Calgary.

There is a lot of money in Calgary [Read more…]

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Financially we aren’t ready to have kids

I think when you get engaged it becomes almost expected that people will ask you when you are going to start having children, which frankly is none of anyones business. However, when I’m speaking with family and friends there it’s unlikely that those are the words that are going to come out my mouth regardless of how much I would actually like them to be said.

It’s hard to convince people that we are not in fact ready financially for kids and that is probably the only reason we would be putting it off at this point. Maybe the other factor would be that we would both like to get get ahead in our careers a little bit more before we decide to have children. Specifically myself, if I decide to take time off with the babies I would like to at a minimum have my designation.

Financially kids are a huge responsibility. There are many studies out there stating that children will set you back at least $250,000 per child. If we want two kids that’s half a million dollars. That’s a lot of money!

With having just moved to a new city, myself having just graduated, the wedding coming up sooner than I expected and the fact that I’m in the middle of a designation program I’m feeling like we are barely scraping by financially. We make sure we are throwing money at our savings accounts each month and then closing our eyes until the next payday. I can’t wait till our annual raises in August that will likely make living in this city a little more comfortable. [Read more…]

Putting your best foot forward – 2015 goals

Happy 2015 friends! With the New Year upon us, it’s always a time to reflect on our lives and try some new things. Not going to lie, I’ve always been one to take on that way of thinking. I like to take a step back and make sure I’m on the right path, while challenging myself to be better. The goals for 2015 are a mix of financial and lifestyle. Fingers crossed I can stay on track and keep them up.

1)   Bump my emergency fund up to $10,000 – I’ve always been one to try and make sure I have money to fall back on. I’ve had so many unexpected car breakdowns, last minute bill payments and different things popping up that it’s always nice to have that to fall back on. [Read more…]

My 2015 goals and aspirations

WIth 2015 seemingly speeding along already I feel like I need to sit down and take a moment to figure out what I want to acheive this year. I cannot believe how quickly this year is moving already, just yesterday felt like New Year's Day. I guess that's what happens when you are travelling and working a lot… time just gets eaten up. The road ahead doesn't look much brighter either, long weeks at work coupled with a few trips back to Edmonton, Vegas and hopefully Ariozona along with starting the second module of my designation means I will literally not have a moment to breathe until probably April… if I go radio silent, you'll know why.

2014 was a great year, althuogh not the best financially I had the time of my life in Europe, did a bit of soul searching, started my full-time job in a new city and got engaged! How exciting! While 2014 was amazing for so many reasons I think 2015 has the potential to be even better; we're tying the knot this year, doing a ton of travel and I'll hopefully finish another 3 modules of my designation! It's going to be a journey and I know there will be lots of up and downs but I'm willing to work hard to get there. [Read more…]

We’re not ready to buy a house but that doesn’t mean we aren’t saving for one

2015 is the year that the fiancé and I are tying the knot. We’ve lived together since September of 2012, in two Alberta cities. We moved to Calgary in September of 2014 (even though he has been working in Arizona for most of the time I’ve spent in Calgary). The traditional thing to do after getting married would be to buy a home. I can’t count how many people I know that have bought homes after or right before they got married. It is apparently the thing to do. You all know that I’ve been “hating” on the buying a house as a young 20-something for a couple years now and I definitely still live by those words that I wrote. Yes, my rent is expensive but I guarantee the people who own the homes are paying more in interest, property taxes, utilities, and repairs/maintenance on their home. I’m lucky that I don’t have to deal with that. Unsurprisingly, we aren’t buying a home before or after we get married, at least not for a while. We will continue to rent a home in Calgary until I write my designation exam, which if all goes well will be in September of 2016. After this we plan on doing an international stint which would require us to fly across the pond and rent a place to live somewhere wonderful. Once we return to Canada (probably 1-2 years) we would likely look at buying a property.

If you think I’m a little nuts for putting it off for 3-4 years after we get married I don’t blame you. A lot of people think that owning a home is the bees knees, but the truth is it’s extremely expensive and right now it’s not something we are looking at. [Read more…]