Monday, December 31, 2012

Year End Current Finances

Happy last day of 2012!  Before the new year begins, I wanted to track where I am financially now so that I may properly measure my progress throughout 2013.  By this time next year, I'm hoping that all my finical goals are met.  

Credit Card

Line of Credit

Savings - House Fund

General Savings


December 31, 2012 - Total Debt:  -$12,354.95
December 31, 2012 Total Savings: $3,250.00
Total Value:  -$9,104.95

Friday, December 28, 2012

I'm going Bananas!

Well balanced and wholesome meals are important in my household.  Most people can agree that they feel better when they eat better.  However, sometimes a bit of effort is needed to make meals complete, or to get just a little more of a particular vitamin or mineral.  I have heard from many people that it is expensive to prepare and eat non-processed high quality meals and I often argue or disagree with that statement. 

Yesterday I picked up a bunch of bananas cheap... really cheap.  They were less then $0.50/lb.  I purchased about 10 large Bananas for under $2.00.  The price is excellent, but how long will that many Bananas last? Probably not much longer than a few days before they become over-ripe.  But there is a way to stretch the life longer and therefore stretch your dollar longer.  The answer is to freeze them! 

  
All I did was throw them outside onto our balcony and let the cold winter climate take care of the rest!  Actually, I'm just kidding!  Though bananas can be frozen whole and in their peels, they often turn brown and look unappealing.  With the help of a blender, and ice cube tray, I managed to preserve this wonderful potassium right treat from nature a little longer.

 Peel and chunk bananas into a blender or container.

 Add a bit a vanilla extract and a tiny bit of water

 Blend Blend Blend.  ( I used my trusty hand blender)


Once the bananas have been puréed poor the mixture into a clean ice cube tray



Cover the tray with tinfoil (helps reduce browning) and freeze.

Once frozen, pop the banana chunks out of the tray and into a freezer bag of easy portion use.


This is the perfect way to save bananas (and money) for a quick healthy smoothie base, banana pancakes, banana bread, other banana baking or just on its own as a fresh frozen treat.

Bon Appetite!

Wednesday, December 26, 2012

Frugal Laundry Detergent

Part of my effort to save money and pay off debt is to become frugal in my lifestyle.  I admit that I sometimes find this to be difficult because I believe that for the most part my finacé and I are already pretty frugal.  To my delight I found a neat idea via pinterest (I'm addicted to pinterest) - Homemade Laundry Detergent!  How cool is that!?  After reviewing many many many recipes I can up with the following combination to try.  Here it is:

Homemade Laundry Detergent

  • 1 box of Washing Soda (Sodium Carbonate)
  • 1 box of Baking Soda (Sodium Bicarbonate)
  • 1 Box of Borax
  • 2 bars of Ivory Soap
  • 1 container of Downy Unstopables  
  • 1 large container with lid for mixing and storage

Instructions


  • Grate ivory soap on the fine part of your grater and add to container
  • Mix full box of Washing Soda, Borax and baking soda into container. 
  • Add in a mix entire container of your favourite scented Downy Unstopables and mix

Each ingredient was easily found at the grocery store and I already had ivory soap at home.  After I had my detergent mixed up, I removed the label from the Down Unstopables container and filled it up with detergent for easy use.  I can just fill up the lid (about 1/4 cup or less per load) and use it for a load of laundry.  I expect that this amount of detergent will last about 1 year.

How much did I pay for this wonderful detergent?  

Approximately:

Washing Soda (Sodium Carbonate)  - $8.00
 Baking Soda (Sodium Bicarbonate) - $5.00
 Borax - $12.50
 Ivory Soap (Already had) - (about $0.50/bar)
 Downy Unstopables - $7.00
Total: $33.50 (1 year for 2 people home)

What we used to buy:

Tide Liquid Laundry Soap (50 oz ) - $12.00
Downy Fabric Softner (77 oz) -$10.00 
Total:  $22.00 (25 loads)

We usually do about 2 and half loads of laundry per week including towels and other linens.

COMPARISON PER LOAD COST:  
(based on 130 loads of laundry per year)
Homemade $0.26
Store Bought: $0.88
SAVINGS = $0.62 cents per laundry load or $80.60 per year

Tuesday, December 25, 2012

New Year Goals - 2012

Merry Christmas to you and your family.  May the holidays bring plenty of joy, love and warmth.

2013 is nearly here! I love the start of a new year.  It is a time of reflection, change and motivation to begin new endeavours.  Looking back in the past year, it is simply amazing how much life has changed in a matter of twelve months.  Now looking forward, it is time to set goals and make a new year's resolutions.

The theme goal that has interested me most in the past year is personal finance.  I admit that I know little nothing about Canadian finances, but I want to learn, and more so than ever, save and make money!

I'm hoping that this blog can be used as a tool to learn and network with others that are learning or want to teach.  Also, it is a great way to document ideas, successes and fails.

Anyways, here are my 2013 Goals:

Financial:

  • Eliminate all credit card debt
  • Open a RRSP 
  • Open a Tax Free Savings Account
  • Save at least $6,000.00 towards a home down payment

Personal Goals:
  • Keep a tidier, better organized home
  • Lose Weight and Get Fit
  • Get Married and honeymoon in Norway

I am really look forward to the new year. Cheers for a another year to get it done right!