Saving for the Future

Today I achieved level “Financial Planning Grown Up“. I had reached this level once before, but with my bankruptcy and some not great life choices, I backslid a bit. Ok, so a lot. But today I put myself on a path to not having to work full-time until the day I die. At least I hope that’s the case.

This morning I met with a Mutual Fund Representative at my bank. We discussed my goals, my current financial situation, and what my best options were. After about an hour of discussion, I walked out of the bank with a Tax-Free Savings Account (TFSA) that will invest into a Canadian Dividend Fund. At the moment, my immediate goal is to save the $500 I need for the initial investment into the fund. So for now, my regular contributions are simply going into my TFSA and when I hit that magic number, I’ll purchase units of my fund. Of course, I’ve spent the evening tweaking my budget to get that $500 sooner rather than later. And if I’m careful, smart, and frugal, I will have it by the end of February. Challenge accepted!

I’m excited. Because I am finally in a place (and situation) where I have the ability to do this. I am so grateful for what my sister and her boyfriend have done for me over the past year. But I’m 40 and I don’t want to live with my sister forever. So it was high time I started working towards getting ahead.

money pink coins pig

Photo by Skitterphoto on

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