Thursday, September 23, 2010
Well, it seems people keep gobbling up McFood and drinking McCoffee even during tough times. I know that I do, although I try to keep it to the occasional visit. I want to fatten my wallet, after all, not my waistline!
I hold shares of MCD in my RRSP account. Based on my cost of purchase, this new dividend brings my yield to a juicy 4.4% (as opposed to a 3.3% yield based on current price).
Tuesday, September 21, 2010
So before winter we will have new windows for the 3 upstair bedrooms. This will be good for 2 reasons. First, as a quality of life issue for Princess, as the old windows were very hard for her to open and close (they were heavy and would often stick). Second, the new windows will be provide much better insulation, so this should save us some money on heating.
Still, this is a fairly big expense at slightly over $3 000, so in order to have the cash available to pay for the windows I will cut back on my monthly DRiP purchases. This means I won't reach my stated goal of dividend income for the year, but I can live with that.
Wednesday, September 1, 2010
Assets ($189 874, up 1.2% from $187 623)
- Bank Accounts $4 509 (up 1% from $4 466)
- Emergency Funds $2 368 (up 4.5% from $2 265)
- RRSP Accounts $56 426 (up 1.9% from $55 371)
- Non-Retirement Investments $27 878 (up 3.8% from $26 865)
- Home $98 430 (stable)
Liabilities ($61 099, down 0.2% from $61 211)
- Credit Cards $3 934 (up 2.9% from $3 822)
- Mortgage $57 097 (down 0.4% from $57 353)
- Line of Credit $0 (stable)
- Debt / assets: 0.321 (down from 0.326)
- House value / total assets: 0.518 (down from 0.525)
Next may see some rise on the credit cards, as well as some additional expenses for the house. We have been late in ordering the second batch of replacement windows, and I need to get to it if we want them to be installed before winter (about $3K). My car is also being repaired right now, because the air conditioner failed and the driver's window electric motor is dying (about $700).
On the other hand, I'll soon be maxed out on the mandatory contributions to the employment insurance and Quebec Pension Plan, so my net pay will increase for the rest of the year.