swamped with work this week...which is always a good thing.
definitely looking forward to the weekend so some rest can be had!
haven't spent a penny all week (6 or 7 days and counting) and i've received a nice little bonus in the mail today...the ontario energy and property tax credit for $83.75
can you guess where it's going?
that's right, straight onto my highest interest debt owing!
chipping away at things and feeling good about it.
anyways, that's all for now.
onto a fantastic 12-hour+ day!
the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts has concluded. we'll report on the winner once it has been announced. check out their blog for some great tips to help you on the road to financial freedom!
Thursday 15 December 2011
Tuesday 13 December 2011
day 594 report
business has been booming this month and there's no sign of things letting up. if things continue on this path, i'll definitely be able to make a few extra payments towards my debts early in the new year. and perhaps even earlier if i stay on track with invoicing on time.
today i was thinking a lot about cashflow and how not staying on top of paperwork really held me back from tackling this mountain of debt ($44k and falling!). i would sometimes delay invoicing clients which is a HUGE no-no when you're self-employed. most times i didn't really want to be dealing with any more paper work after a long hard day (usually 10-12 hours in front of a screen) so i'd just let invoicing wait till tomorrow. always tomorrow...until nearly a month passed by. twice now in 2011...and to the point where clients were emailing me asking if i'd like to be paid! (sigh) it has been an incredibly busy year mind you so i'm not going to beat myself up over it.
anyway, i've always managed to get by comfortably, but as part of this plan i've put a stop to this. i now invoice on a weekly basis, batch processing this paperwork and quickbooks entries for greater efficiency. feels a lot better to be on top of things and waaaaaay easier to invoice when things are still fresh in your head. another obvious benefit to all of this is having a clearer picture of where you stand at all times. so now i have a better idea of what i'm making and spending on a weekly basis.
anyway, time for some rest. it's been a long day.
if you haven't checked it out yet, there's just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips to help you on the road to financial freedom!
night ★☾
today i was thinking a lot about cashflow and how not staying on top of paperwork really held me back from tackling this mountain of debt ($44k and falling!). i would sometimes delay invoicing clients which is a HUGE no-no when you're self-employed. most times i didn't really want to be dealing with any more paper work after a long hard day (usually 10-12 hours in front of a screen) so i'd just let invoicing wait till tomorrow. always tomorrow...until nearly a month passed by. twice now in 2011...and to the point where clients were emailing me asking if i'd like to be paid! (sigh) it has been an incredibly busy year mind you so i'm not going to beat myself up over it.
anyway, i've always managed to get by comfortably, but as part of this plan i've put a stop to this. i now invoice on a weekly basis, batch processing this paperwork and quickbooks entries for greater efficiency. feels a lot better to be on top of things and waaaaaay easier to invoice when things are still fresh in your head. another obvious benefit to all of this is having a clearer picture of where you stand at all times. so now i have a better idea of what i'm making and spending on a weekly basis.
anyway, time for some rest. it's been a long day.
if you haven't checked it out yet, there's just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips to help you on the road to financial freedom!
night ★☾
23 powerful tips to eliminate debt
Here are some more great tips on how to eliminate your debt quickly!
just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips on savings + attaining financial freedom!
just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips on savings + attaining financial freedom!
debt repayment resources
good morning,
not even a week into my 600 day plan and i feel like some great progress has been made.
still feeling very motivated and confident about my plan for financial freedom and i thought i'd review + share a few articles on the basics that i read when formulating my 600 day plan.
Check them out here:
7 rules of debt repayment
stop the bleeding
create a strategy
just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips on savings!
not even a week into my 600 day plan and i feel like some great progress has been made.
still feeling very motivated and confident about my plan for financial freedom and i thought i'd review + share a few articles on the basics that i read when formulating my 600 day plan.
Check them out here:
7 rules of debt repayment
stop the bleeding
create a strategy
just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips on savings!
Monday 12 December 2011
15 questions to ask yourself if you're in debt
check out this great article by gail vaz-oxlade that outlines some great questions to consider when facing your debts:
why are you in debt | part 1
why are you in debt | part 2
why are you in debt | part 3
why are you in debt | part 4
just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips on savings + attaining financial freedom!
why are you in debt | part 1
why are you in debt | part 2
why are you in debt | part 3
why are you in debt | part 4
just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips on savings + attaining financial freedom!
day 595 update
hope everyone had a good weekend.
well i must say, only 5 days into this 600 day plan and my journey to financial freedom is well underway.
as i mentioned in an earlier post, part of my plan to pay off my debts as quickly as possible was to contact friends and family that i've loaned money to in the past. well today my good friend came through on part of what is owed (we agreed to a payment plan) and i've just deposited $1270.00 into my account. so once it clears, guess where it's going? you got it, straight onto my highest interest debt owing.
never thought i'd be so excited about paying the piper but you know, the quicker this is over with, the sooner i can get on with working towards the future (perhaps even retirement).
so, now i pull out my trusty debt snowball calculator spreadsheet and punch in this extra payment that i didn't account for in my original plan - because let's be honest, why count your chickens before they've hatched? so thanks to this little surprise, a full 30 days has been taken off this journey, give or take. so i could very well be in the clear by june 2013!
might be adjusting the plan later this week when another friend plans on returning $400.00 i loaned them. and if that comes in before the end of this month, we could very well be looking at a debt free day sometime in may 2013.
feeling empowered.
thanks for checking in.
just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips on savings!
well i must say, only 5 days into this 600 day plan and my journey to financial freedom is well underway.
as i mentioned in an earlier post, part of my plan to pay off my debts as quickly as possible was to contact friends and family that i've loaned money to in the past. well today my good friend came through on part of what is owed (we agreed to a payment plan) and i've just deposited $1270.00 into my account. so once it clears, guess where it's going? you got it, straight onto my highest interest debt owing.
never thought i'd be so excited about paying the piper but you know, the quicker this is over with, the sooner i can get on with working towards the future (perhaps even retirement).
so, now i pull out my trusty debt snowball calculator spreadsheet and punch in this extra payment that i didn't account for in my original plan - because let's be honest, why count your chickens before they've hatched? so thanks to this little surprise, a full 30 days has been taken off this journey, give or take. so i could very well be in the clear by june 2013!
might be adjusting the plan later this week when another friend plans on returning $400.00 i loaned them. and if that comes in before the end of this month, we could very well be looking at a debt free day sometime in may 2013.
feeling empowered.
thanks for checking in.
just one more day until the conclusion of the $500 financial bucket list contest being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts. check out their blog for some great tips on savings!
Saturday 10 December 2011
some inspiration...life without money?
over the years i've thought a lot about bartering and at times have even participated in this form of trade. but what if we were to do this on a larger scale and make it a regular part of our lives?
this afternoon a friend pointed me in the direction of someone who has taken bartering to a whole other level. check out this article about a 69-year old woman that hasn't used money for the last 15 years...with all her needs met and then some. and she's happy.
so although many of us are not yet in a space to take on such an ambitious project, i definitely think there are ways for us to incorporate more bartering into our lives and free up some space in our budget. here are some ideas:
598 more days :)
by the way, still working towards the $500 prize being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts in their financial bucket list contest.
this afternoon a friend pointed me in the direction of someone who has taken bartering to a whole other level. check out this article about a 69-year old woman that hasn't used money for the last 15 years...with all her needs met and then some. and she's happy.
so although many of us are not yet in a space to take on such an ambitious project, i definitely think there are ways for us to incorporate more bartering into our lives and free up some space in our budget. here are some ideas:
- organize a meal exchange with a friend or group of friends, especially if you live alone. prepare several servings of a meal and share with your friend once or twice a week, and then switch. saves time and money to cook in larger batches...and oftentimes food can go to waste if we cook for ourselves.
- organize a clothing swap among friends and family. great way to clear out the closet and spruce up your wardrobe.
- barter your time or skills - know a handyman or a mechanic? barter home cooked meals, bookkeeping or cleaning services for small repairs or your next car tune up.
- other things you can barter with friends, family + your community - books, DVDs, CDs, homegrown fruits and vegetables, childcare, lawn care, snow removal....the sky's the limit.
598 more days :)
by the way, still working towards the $500 prize being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts in their financial bucket list contest.
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