If you read my June/July update, you saw that my key theme was don't panic! August and September show why that pays off. My index fund investments made steady gains over the 2 months, paying off in my TFSA and my RRSP. My overall assets didn't make a lot of gains between August and September 2017, but as you can see below, that's due to my car value going down (which is a pretty arbitrary number based on the average asking price provided by Canadian Black Book) and me going on vacation and using some of my short-term savings for it. Overall Assets TFSA TD e-Series Index Funds Lot's of …
Managing your personal finances isn’t easy
Let’s Talk About Money is a personal finance blog that uses concrete numbers to talk about making financial decisions, and how to become a ‘Do-it-yourself investor’
Let’s Talk About Money provides a place to talk about how to make smart decisions with your money, and how you can let your wealth grow over time. There are no definitive answers when trying to figure out what to do with your money, but hopefully my example can provide you some insight and direction when you make a decision.
I look at investing using index funds, Tax Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP) and Mutual Funds, and try to provide guidance based on the questions I had as I got started. I also look at tracking your money and making smart day to day decisions that maximize how far your pay cheques go, and how to really make your money work for you.