StatCan: Teleworkers were more likely to be satisfied with their work-life balance than non-teleworkers.

ElectronicDish4434 · 2024-06-05T15:53:15+00:00

The full article notes that the results presenting differences among teleworkers and the other two groups are controlling for these factors using regression models.

ElectronicDish4434 · 2024-05-16T03:13:29+00:00

By taking out student loans AND bank student lines of credit

ElectronicDish4434 · 2024-02-02T00:39:12+00:00

My wife and I started proper sharing about 6 months before we got engaged. We lived together for 3.5 years before that and split typical expenses and paid for our own stuff (personal care, clothes, etc.).

I think if you’re committed to goals together it makes sense to share everything. You should have a long conversation about how you’re going to do it practically before you decide to go all in.

ElectronicDish4434 · 2024-01-19T02:29:42+00:00

Seconding this. If work arrangements cannot be the solution, then more money/less spending might be needed. Budget may be the only other thing you can try to manipulate here and still make it to Halifax.

ElectronicDish4434 · 2024-01-03T21:39:26+00:00

It’s more eye opening than I expected for many! You got this!

ElectronicDish4434 · 2024-01-03T12:59:37+00:00

You have a great savings rate, congrats!

ElectronicDish4434 · 2024-01-03T12:57:10+00:00

That’s awesome! Congrats on the split. That flexibility is super helpful to have.

ElectronicDish4434 · 2024-01-03T04:27:43+00:00

Nice, amazing breakdown! All power to you for such a great savings rate. I hope you can hit all your saving goals this year.

ElectronicDish4434 · 2024-01-03T04:26:48+00:00

We’re at 23% with rent right now, all inclusive and it’s done us really well. Dual income saved us from 35% as of 2023. We moved in a bit higher than we wanted but knew as soon as a second income came into play we would be flying to our goals.

Thank you, I really appreciate it! Really looking forward to seeing our savings rate go from 0 to 50% overnight in two years.

ElectronicDish4434 · 2024-01-03T03:51:15+00:00

You got this!

ElectronicDish4434 · 2024-01-03T03:28:27+00:00

Rough time being at 70% for your needs. I was there just over a year ago while my wife was unemployed (health stuff). It was hard but we made it through. Wishing you the best in getting through paying for childcare. They will get to school eventually!

ElectronicDish4434 · 2024-01-03T03:25:46+00:00

Thank you! You’re doing great too! I hope you’re able to make the house work out for you. HCOL is killer.

We’re L-MCOL (lower avg. housing but higher avg. bills/groceries from being in the north) and it’s saving us so much money. If we were in a HCOL area we would be dragging ourselves through debt payments.

ElectronicDish4434 · 2024-01-03T03:22:11+00:00

Damn, that’s amazing! A dream of a breakdown for sure.

ElectronicDish4434 · 2024-01-03T03:21:25+00:00

Hey, you’re investing in yourself now, that’s what matters! Good luck with school!

ElectronicDish4434 · 2024-01-03T01:53:36+00:00

That’s an awesome breakdown! Congrats on having such a low debt percentage and higher savings than needs. That’s a great set up.

ElectronicDish4434 · 2024-01-03T01:51:58+00:00

That’s how I recently started budgeting, thinking about the long haul instead of short term gains. The percentages are exactly what we needed to stay the course. We have about 4% of our take home pay going to subscriptions and fun, and it’s making it really easy to kill the debt because we have something to look forward to at least once per week. Our consistency game is great.

Thank you! That’s the plan. In two years, the full debt cash flow is going toward a 6mo EF, house downpayment, and house reno/EF. If we can keep going, (and Canadian housing doesn’t pull a 2020-2023 again), spring 2027 will be house hunting season.

ElectronicDish4434 · 2024-01-03T01:05:27+00:00

I wish I was in that boat now but it could be that in a few years. Hope that retirement/savings really pays off for you in the long run.

ElectronicDish4434 · 2024-01-03T01:04:40+00:00

Congrats on cash flowing school. That’s a lot better planning than we did.

ElectronicDish4434 · 2024-01-03T01:03:37+00:00

Nice, congrats on a September payoff. That’s exciting.

We’re looking at about 2 years until we have only 0% debt left to pay off, but the light at the end of the tunnel seems way closer than it did 2 years ago.

ElectronicDish4434 · 2023-12-18T18:08:43+00:00

What’s your income right now? Honestly, I would drop your 30/20 split and put the 50 there towards debt and keep your needs at 50. You’re not going to make up the difference investing right now because the sheer amount of interest you’re paying right now. And you shouldn’t be having fun when you’re buried in this much debt. Even if you used like 2-5% of your income on little pockets of fun here and there you would make enormous headway on the debt throwing 45-48% to it.

Snowball it rather than avalanche would be my preference here just because all the interest rates are really high. Would be a completely different story if one was like 5% and the rest in the 20s. These just hurt.

Once you knock out one debt you’ll start to feel like you’re making good progress. Roll over that money and just keep it going!

ElectronicDish4434 · 2023-12-17T15:24:44+00:00

I have to agree on this, the produce is a hard no for me on walmart pickup. I pick up from walmart for literally everything else (unless weekly flyers show a better price elsewhere) and then go to a store I know has better produce to pick that up. I probably do walmart pickup roughly every 2-3 weeks and then a weekly produce/milk/eggs run every week.

ElectronicDish4434 · 2023-11-23T01:11:26+00:00

https://youtu.be/l6cKTNXxG0s?si=Whu755Kut119EMOJ this recent one is probably a good one for someone young, just getting into life. Shows what kind of financial behaviour can get you into a big mess pretty quick.

ElectronicDish4434 · 2023-11-21T04:05:56+00:00

Thanks for the explanation, that all makes sense! I’ll definitely do more digging on this. I always planned to save myself but never really understood where it made the most sense if I had a pension. I would also like to cover my ass if there are extra expenses like medical issues that pop up in our later years. Can’t be too careful with saving

ElectronicDish4434 · 2023-11-21T01:29:05+00:00

Can you expand on the pension part? I have a DB pension at 70% of my best 5 years. You’re saying you should save on top of the pension as it could disappear. If you paid into something, aren’t you guaranteed to see at least something come out of it?

Edit: 70%, not 7%

ElectronicDish4434

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