Monday, 19 June 2017

Sunday Fun

Dear Visitor,
Thanks for dropping by.
The weekend was another frugal one. The weather is getting nicer. It is time to go out and be in the sun.
The gardening attempt is going on. So far two eggplants are growing out. The potato i put in the soil for fun is having a lot of leaves. Now I think, the container should have been a bit more big.
Since this is a learning process, i am not going to change the container now.
Watering plants in the balcony has to be done carefully. The water flowing out should be carefully managed. If I am not careful, the people living below will be bothered.

Sunday was father's day. Hubs got a gift. Not a very expensive one, yet it is nice and useful. It is a bag, which he really wanted.

When we are going for day trips, I make sure to carry some water. Then, most of the time, the food will also be prepared from home.

That is going to reduce the extra spending and the calorie intake.
On the investment side, I bought few shares of the CIBC last week. I just want to hold them, because we do a lot of banking with them.

How was your weekend?

Tuesday, 13 June 2017

Is there a Science in getting rich?

Dear reader,
thanks for dropping by.

Recently I saw this book at the library: "The science of Money,How to increase your income and become wealthy" by Brian Tracy. 

This book is very interesting to read. Money started as a convenient tool to get things and services from other people. So, money has a value. 

Mr. Tracy argues that whoever gives more valuable item or service is paid more. 

Some might argue it is not true. Think of the school teachers: you can be the best teacher, or a mediocre one. But, you both will get paid according to the seniority. 

 But, in most of the private sector jobs, the performance is rewarded. I can see it myself. In most of my career, I was not given a performance report. But, still I feel whenever I got an increase in payments, it was based on my hard work. An assistant who can really be one step ahead of the dentist is always appreciated. But, you will see that the receptionists are paid more than the assistants all the time. I cannot find a reason for that yet. May be they know how much money dentists are getting for each treatment. (you know, most dentists complain about the "Healthy smile program" and ODSP patients.)

When I look around, I see people who are rich are making some sort of unethical things. For example, look at Donald Trump: he did the hate speeches. He called other people names. But, he is enjoying the money and power. 

So, do the real acceptable values of honesty and  hard work are making you really rich?

What are your thoughts about accumulating wealth and hard work?


Tuesday, 6 June 2017

May 2017, Passive income

Dear Visitor,
thanks for dropping by.
We are almost finished half of the year. Since Just has started, time is up for me to look on how much dividend is made this month. 
Between me and my spouse, we made an awesome total of $215.57 in May. 
Recently, i bought some shares of TD bank. It is one of the major banks in Canada. I was thinking of buying TD for some time. The money got ready only in May. 
There were some thoughts about buying a bigger home. After many many discussions, we dropped out that idea. Main reason is the higher housing prices. The second reason is the stress of borrowing money. So, the final decision is to pay off the mortgage on the small condo we live in and to save for retirement. 
Will you live in a small place to be financially independent? 



Monday, 5 June 2017

What am I reading

Dear Blogger, 
Thanks for dropping by. 
I haven't been to the blog for some time. I was reading books, and trying my hands on container gardening and of course, working outside the home too.
The recent book I checked out from library is "suddenly Frugal" by Lea Ingram.
Yes, you guessed it, it is about frugal living. Lea became suddenly frugal when life demanded to find ways to save money when there was no chance to make more income.
I am always looking for finding tips to save money. Yes, my family is living frugally for some time. I was thinking, I know almost all things to be frugal. But, this book gives a few more points. 
The author is giving a lot of tips on how to save on everything from cooking to driving. 
For example, we all try to line dry clothes. But, this author says she puts clothes in the dryer for 5 minutes before putting them to line dry. She let the clothes soak in the washer to save on energy and to make clothes clean. 
There are great tips to run the fridge efficiently. There are driving habits you can adopt to save on gas. 
She goes from basement to attic in the home and tells how to live better with using less power and money. 
Interesting thing is the book gives "suddenly frugal seal of approval" on so many things. 
I am pretty sure, you will find the book interesting as well as informative. 
Will you try reading this book? Which  is your favourite frugal book?
PS. You can check out her website: http://www.leahingram.com

Sunday, 21 May 2017

Sunday fun

Dear blogger,
Thanks for dropping by.
It is the Victoria day long weekend in Toronto.
Sunday turned out to be another rain day. So, I just did relaxing with a lot of sleep. 
There was nothing planned for the whole day. 
I have all purpose flour. So, after some search on the internet, settled to make a bread in the bread machine. 
I have some gardening going on. The plants are still inside. I am not trusting the weather yet. 
I have tried growing spring onions . First we bought a bunch from the grocery shop. After cutting the tops, leaving lot of stem with the roots, I placed them in soil. 
So, far I was able to cut the leaves for two times. Watering them regularly and placing in sunny spot is very important for growing them.
The planter is actually a distilled water bottle. I just cut the top off . Since the onion plant love water, I didn't put any holes in the bottom. They are still growing. 
All my dental offices use distilled water for sterilizing. So, they are freely available. I am going to recycle more of them for my gardening projects. 
What you are up to?

Sunday, 14 May 2017

Happy Mother's Day: Frugal way

Dear visitor,
Thanks for dropping by.
I spent some time with hubby: doing grocery shopping, exactly.
we went to the Foody World in Scarborough. He shops there mostly every week and I skip the trip. Saturday, I decided to tag along. It was really fun.

Since we were there early, it was not busy yet. Most workers are Asians. Some  veggies are bit cheaper than Walmart and other shops. Bananas were more expensive than Walmart though.
They have a garden section too. I bought 4 chilly plants and 4 eggplants for $3.40 including tax.

They are still not replanted to the pots. We bought two plastic container from Walmart, especially for those plants. 
The dinner on Saturday was made at home: baked potatoes, cucumber - tomato salad with pickled peppers and olives, and beef burgers (got on sale). There was some Ontario red wine to go with it.  Having home cooked good meal with family: what is more satisfying than that?
So, me the mother is happy with the good food, and plans for container gardening. 
How you celebrate mother's day? The frugal way or the expensive way? Did you bought flowers/spa treatments etc? 
Hope, you will share your stories with me. 
Have fun with your mom or with your kids.



Wednesday, 10 May 2017

Adjusted cost Base :an explanation

Dear visitor, 
Thanks for dropping by.
Last week, I was browsing through the Canadian Mustachians on Facebook and came across the term"Adjusted cost Base".
What the heck is it? I never heard of it before, and since I haven't sold any of the shares I invested, never had to use it too.
Being a DIY investor, you learn all the time. That is a lifestyle thing, I guess. 

So, what is Adjusted Cost Base, or in short ACB?

In short it is the average cost of the shares you earned. 

Ok, I will tell you what I know now.

Think that I bought 10 shares of the Royal bank, with $50 each. Now the total price of the 10 shares is $500. simple math, right?
I gave $7 for the bank to do the trade. So, my total cost of purchase is $507, right? 
So what the actual cost per share? 507/10 =$50.7, so far good, right?
aslo assume that it happened in June 2016.  
Then I decided to buy another 10 shares of Royal bank in July 2016 for the price of $55 a share. Now the total cost for that purchase is $550 plus the trading fee $7 , ie.$557. Now I have 20 shares. So what is the average cost or Adjusted cost of these shares? (Adding $507 and $557 will be $1064 and divide that by 20, (the total number of shares now I have.) It will be $53.20
Now if I am selling 5 shares for the price of $65, so what will be the adjusted cost base of this sale?
(65*5)-7 = $318/5 =$63.60. 
When I am reporting capital gains, I will be using this information.
What was  the cost of purchase of those 5 shares? I will be calculating that using my ACB. 
ie, 5shares time $53.20 =$266
My sales income = 5*$63.60= $318
Capital gain to be reported = $318-$266=$52. 
I will end up in paying capital gain tax on $52. 
Now, I am working on to make a spreadsheet to calculate ACB for all my investments.