Paying 1 049$ in bills

I have just made several checks to pay my bills. I had made a down payment of 900$ for a credit card. I have been checking my expenses on that credit card and I have so much little expenses, here and there. One little expense + another little expense + another make, at the end, a lot of money.

In past 10 days, for exemple, I spent over 65$ in coffees and eating out and other. I am trying very hard to cut the expenses. It's take a lot of me because I am use to buy 2 coffees per day, or at least one, but mostly 2, one when I get up in the morning and the other one I take is in the end of the afternoon, just before starting my evening job. 1.75$ for the coffee in the morning and 2.50$ for the coffee in the evening. It's make 4.25$ per day, 21.25$ for a week, and add to that a coffee per day on Saturday and Sunday too because I work on those days... For a big total of 26.25$. And I am not talking of the take out food, coffee only. 26.25$ per 52 weeks = 1 365$. It's way too much.

Anyway, this week, I slow down a little, I didn't buy a coffee every morning. My goal set up for next week is a no coffee week. Knowing I cannot work more than I am presently, the only thing I can do for now is cutting my expenses. But it shouldn't be that bad knowing I am all set up for winter clothes, I will have the same as last year, since they are new from last year.

I am a little bit depress because my day shift is very boring. There's not too much going on with that job and I am getting bored. Anyway, the contract is ending at the beginning of December and I can't wait! I know I should be happy, knowing that working at the 2 jobs I have, I made near of 700$ after tax. But I cannot stand being at a work place without being working.

I hate the life I have right now because of that. I just want to work, no matter what is the job, call center or whatever. I just need a day job that pay at least 15$ per hour, that make me work and I will be fine. I want to have 2 jobs, it's keep me going, but I need to do something during those working hours.

I don't know what will happen next and I don't know if I should look for a job right away or wait until December or until November. I am not to good at those things.

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O'Shaughnessy Asset Management

By checking the report of RBC O'Shaughnessy International Equity Fund, I just read that the manager behind the O'Shaughnessy funds, James O'Shaughnessy, will open soon his own firm, call O'Shaughnessy Asset Management.

We will learn more by the end of 2007, according to Morningstar. I can't wait to see if the firm will offer new funds. It will be great if there will be difffent O'Shaughnessy reaching Australia, England, China, etc...

That way, I wouldn't need to put my money anywhere else. Because even if my RBC O'Shaughnessy International Equity Fund didn't do well, I understand it's International Equity and it's seem quite hard to get a good fund in International Equity.

RBC O'Shaughnessy International Equity Fund still in red

I gave a quick look at my fund. All of them are in green (no money loose, only gain), except the RBC O'Shaughnessy International Equity Fund. I begin to really hate that fund. Or not that fund, but the International Equity Fund.

It's been more than 90 days since I buy my parts and I will sell as soon as I will recover from my lost. In date of today, October 5, 2007, my $$$ in the fund is of: 996.61$. I initially invest 1000$ in that fund back in January 9, 2007. In date of day, my lost are of 3.39$. I didn't make any money with the fund and I really don't like it. I will say it in my words: the fund suck.

And since the 1 000$ in that fund wasn't put in RRSP, it is not tax efficient.

I am now more concern about tax when it come to mutual fund.

I take a look at the Morningstar's report of RBC O'Shaughnessy International Equity Fund and they don't seem to like the high fees of the fund. To the high fees, add to that the low result. I am definitely looking to sell this fund.

I am looking for efficient mutual fund. I guess I will follow what say the Morningstar, or at least take a look of what they have to say regarding different funds.

I lost my credit card and metro pass on Tuesday morning

And it was really awful. It was this last Tuesday morning and I had put my credit card and my metro pass in my jeans pockets. I get up early that morning, so I was able to leave home sooner than usual. Maybe that's the things who make me loss my card.

Anyway, once in my way out outside, I check for my card that I have put in my pocket because I wanted to buy an orange juice and a muffin at the McDo that's just at the metro station where I take the metro. But for a reason or another, both cards were no longer in my pocket. I came back to me room and check around, but I couldn't find them. So in a hurry, I took some change to pay the metro and I took a CIBC credit card statement that I had with me.

While waiting for the metro, I did a quick call at CIBC and I told them that I had lost my card. Everything had been done very quick, just in time so I can take the metro. Anyway, I call again CIBC later on in the morning telling them I wanted to make sure with them that the card had been cancel, and it did. So I don't have to worry any longer for that card.

But what cost be was the lost of my metro pass. I had to repay 65$ in order to have a new card. And it make an extra 65$ expense. It came at a very bad time because I spent a little money, I just arrive from the movies. I watch the new Resident Evil and it was quite nice. I am trying so hard to save money and that 65$ lost is a big lost for me. It's like nothing can just be all right for once in my life. I was doing so fine, I did my lunch every single day of the week, and I really try to make things work and I am really trying to save my money.

It's hard to get organized and make things work in other to be abl to save money. I will be working at my part-time job 37 hours this week, so I might recover from the lost. I am working this Monday, an 8 hours shift. Anyway, I learn my lesson. No more card in my jean pocket. Never again.

I didn't find my credit card or my metro pass still. I believe I might really lost them somewhere.

My mutual funds are doing great

If the summer haven't been a good season for the mutul funds, maybe this autumn is going to be super great!

My RBC mutual funds are all in green. Even my RBC O'Shaughnessy International Equity Fund is in green, which is quite something, because I noticed the fund had some problems to catch it up, if I can say. International Equity Fund is my my favorite one. But because it's a O'Shaughnessy fund, I might keep it in my portfolio, just to make sure I have something else than the good Canadian mutual funds.

I won't expose the result for the mutual funds and I didn't calculate them because it take me some times and then, I have to recalculate all of my earnings, for my 50 000$ goal, which is quite something for me and I am not much as an accountant, just a girl trying to reach her first 50 000$.

I am very impress with the result of my portfolio right now. Can the credit crisis might now be behind us? I just cross my fingers. So far, the result are so good that I feel that I have a somewhat of a very rich portfolio, only one that can have the richess among us. But only with my little savings, I have been able to make a lot of money and it's mean a lot for me.

Save save save

I just did my lunch for the week. Time is passing so quickly and there's nothing I can do about it. I am keeping a track of my expenses. I have been burning money away by eating out, and a lot on coffes.

Earlier this morning, I buy myself some tea to avoid the weekly coffee expense. I hope I will be able to avoid the coffee expense. Since I cannot make more money that I am doing now, I cannot work more, I have been trying to cut on where I know that I can cut.

I can certainly cut on McDo and coffees and other fast food. I just have to stick to the plan. But I find it quite difficult to cut off like that on things I am so use. But it will be better for my pockets and for my health. Not that I eat MCDo and fast food everyday, but I am use to buy whatever I want whenever I want. And knowing that I finish my day work contract on December help me to do all the savings that I can do until December and further.

I have been writing down my expenses and for this wekend, I spent about 165$ on food and my metro pass for October. I am keeping a track of the expenses to see where I can cut. It will be quite difficult for me to cut on coffees and food, but I know I can do it. With the money save, I would like to pay myself a gym pass.

I took it off this Friday from my evening work. I want to spend more time for myself and I want to look if I can check for ways to make money via Internet so I can reach my 50 000$ quicker. I will do after my evenings spend at job and this Friday evening. It has been a long time since I didn't do nothing for a evening and I know there's ways I cna make money online, I just have to focus on them. I know a litle about them but I just didn't have the time to invest in it. Maybe 2 evenings off per week will help to get started over the Web.

I just cannot help it, I have to try.

I am not too far from my goal

I am only missing 19 052.67$ to reach my goal, which is too reach my first 50 000$. I hope I will be able to get the 19 052.67$ by the end of the year 2008. That will be really great. But I won’t be too disappointed if I am not able to do so. If not, I might easily be able to make it by 2009, without too much difficulties. I am looking for Internet’s program that could help me reach my goal so it can accelerate the progress.

RRSP Money

Desjardins:
Energy and Base Metals Term Savings (Indexed term savings): 585.02$

National Bank:
CPG: 1 102.90$

TD:
TD CPG : 1 513.97$

Manuvie:
Maritime Life International Equity Fund (Templeton) (closed): 914.94$
Manulife Simplicity Growth Portfolio: 1 012.50$
Maritime Life CI Harbour Seg Fund: 1 100.19$
Maritime Life Fidelity True North Seg Fund: 1 136.68$
Maritime Life Trimark Europlus Seg Fund: 901.21$

Great West:
Various: 1 539.50$

Total of RRSP money: 9 806.91$

Segregated funds of Manuvie

Last year, for my RRSP, I invest in segregated funds. It's seemed to be a good solution at first my RRSP. It's still is, at least for me. I have been reading, previously before about segregated funds, but they don't seem to be that much popular. One of the reasons for this is the high MER fees for the segregated funds. Some can reach 3.75%.

The reason why I invest with them is because I choose, for some funds, the "capitalisateur" option. I know in a year they will give an extra few bucks on the fund in a couple of years and the initial placement is 100% protect. I am a little bit confused about the "capitalisateur" option because I did that placement almost a year ago and I didn't really get through the documentation. Anyway, at the time, what was important for me is that the initial deposit was 100% protect for 2 segregated funds I pick. For the 3 other one, the initial investment is protect at 75%.

I read in Canadian Business that it wasn't a smart thing to invest in segregated funds because of their high fees. I post a new thread in Canadian Business. My posts can be see under "myfirst50000". I had post a thread were I call segregated funds "distinct funds" because in French, segregated funds are call "fonds distincts". It's just hilarious. I am practicing my English online in a very funny way. Or maybe should I write in French, but it will be very less challenging...

The question that still remains for me tonight is: which placement to choose from for my RRSP?

I am asking the question quite early, but I would like to place the money in RRSP at the beginning of January 2007. There's still time, but last year, I was busy like I am right now and I have wait at the last minute to place my money in the RRSP and it was quite frustrating after that to wait for the paper for the tax and everything.