Adulting Tasks: Saving after the house purchase

After taking out 96% of my money to buy the house, I was left with very little cash flow. I didn’t plan to spend so much money right away but plans changed. I kept getting outbid so I needed to overbid to secure my house. That meant spending the funds I had saved for decorating and renos.

The first few months after buying the house were tight. After semi-strict budgeting for about 4 months, I am finally ready to start saving again. This time around, I know a bit more about finances and plan to save strategically. I am taking Google Finance seriously, making an effort to learn more finance terminology and will actually pay attention to my accounts.

Tonight, I am going to a workshop about personal finances so I hope to learn something new.

When I started saving and investing at 18 years old, I had no clue what I was doing. I understood compound interest but that was it. Somehow though, I still had enough money to buy the house this year. I am pretty sure that’s because the Mutual Funds I chose were low risk.

At 25, post-house purchase I feel like I still know nothing. However, I am finally ready to pay attention and learn. If investing worked for me with zero knowledge, imagine what I could do if I invested time and energy into learning how to properly invest.

More on this to come!

 

portfolio
Tracking a few interesting RBC Mutual Funds-Series D

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s