Friday, March 4, 2011

February 2011 Monthly Report

Here's how the numbers sit as of February 28, 2011:

TFSA/RESP Acct. $87.96 (up $16.18)
Xmas Fund - $34.70 (down $13.98)
RRSP  Savings Acct. $5.00 ( up $5.00)
EEE Account $55.03 (down $10.34)

RRSP MF Acct. $1,213.85 (up $35.44)
Emergency Fund Acct. $31.09 (up $31.09)
House Fund $25.00 (up $25.00)
Biz Savings/5 Categories $98.98 (up $98.98)
Canada Savings Bonds $595.00 (up $140.00)
B's Savings Acct. $54.16 (up $6.75)

HBC Card (28.8%):  $441.10, down $6.83
Personal Loan: $6605.00, down $22.00
MBNA Card (27.98%): $2,268.64, down $127.34
Capital One Card (19.8%): $4,191.28, up $38.41
Overdraft 1: $500
Auto Loan: $1,394.20, down $193.63
Tax Owing: $4,635.82
Biz HST: unknown, approx. $4,700.00
Dental Bill: $1,301.10
Overdraft 2: $469.04, up $69.04

Total Debt owed on January 1, 2011: $23,861.01

Our current total Debt owing: $21,909.32
Difference since January 1, 2011: $1,951.69

We had a total, utter and complete budgeting fail in February.

I'm not really sure where we went wrong, but I know a lot of it had to do with bank teller doing the opposite of what was requested, resulting in an amount of $75 being taken from my account and deposited into B's account. It set off a string of events that ended up costing me over $80 in fees already in March.

In other news, Capital One has decided to start charging interest on my credit card account again. No letter or anything, just magically it was there. Good thing I saw it on the statement! Now I can plan through it as well.

March is already looking to be a spectacular month, as I have already earned additional income this month, and it's only the 4th! I'm hoping to pick up more work this month, and hopefully be able to really feel like I've finally got the financial ball rolling on our goals. It feels like things have been stagnant (due to the way I get paid for my major contract), and I'd like it to feel like I'm going forward.

Have a great day folks!


  1. Don't beat yourself up over a so-so month of finances. Overall, you've paid down your debt by nearly $2000 in 9 weeks, that's awesome!

    Moving right along, March will be a better month!

  2. Congrats on the extra income by the 4th of the month - that will really help you out this month and make February a distant memory:)