|Assets||February 1st, 2017||March 1st, 2017||Change|
|CIBC Credit Card||$0.00||$51.95||-$51.95|
Spring weather is in the air… sort of? Maybe? Who knows anymore. This is my progress update for February 2017. This February I was able to pay down $2800.00 on my student loans, which was a big deal for me, as I want to my loan to be completely paid off before I start to save for a rental property. I also managed to invest another $1000.00 into my RRSP. This occurred just two days before the contribution deadline of March 1st, 2017 aka today. I was able to contribute around $7000 to my RRSP for the year of 2016 that should result in a nice tax return that will likely be put into my RRSP again (the way it was designed to work).
In February I was absent from posting that often. I did manage to do a review of Lending Loop, a peer-to-peer lending platform that allows investors to fund Canadian business loans. If you are interested in an alternative investing option check out Lending Loop.
I have also opened a TFSA account with another “robo-advisor”. I choose to open this account with Wealthbar. I have not yet funded my account but I was interested in the financial advising they offer with of the use of their services. Once I fund that account I will promptly write a review in case you are interested in their services.
Well that is enough about the financial part of this monthly update. That is the main purpose of this blog but this is also a blog about life. What is the point of saving up all this money if I can’t enjoy some of it on the way to retirement? This month I have been roughing out a few trips I want to take in 2017.
The first trip is back out west to British Columbia to visit one of my best friends. He will be moving back to his home province and will be driving so I will be tagging along for the ride. I really love BC and any chance I have to go out there, for any reason, is jumped all over. A chance to see the middle provinces of Canada will almost check off most of Canada for myself. Then it will be the territories and more of Quebec than just the bars in Hull.
The second trip is with my girlfriend to Iceland. Iceland has become quite the hotspot recently and I guess we got caught up in the craze as well! Not sure what the dates are for this trip yet but I will make sure to let those interested know as the details sorts themselves out!
Oh also if you are following along with my Monthly Challenges, March will see a lucky few be awarded $50 Tim Hortons cards for their participation! I will be posting March’s challenge by the end of this week.
That is all for February 2017! As always, if you have any products you want to be reviewed or have any questions or suggestions I would be glad to hear about them.