DECEMBER budget with me 💸 moving costs, setting up my new budget & current financial goals 

Yes, personal finance has been a big part of my channel my life for a few years now and I truly enjoy creating this kind of contact because not a lot of people talk about it!

I mean, don't get me wrong there's definitely pros and cons to both here! But last year I got talk still like 40% on the personal side with the business😅 luckily, I switched over to a different systems. I'm only getting taxed at about 9% but I still trying to avoid paying myself if I can because you're literally just double taxing!

This is such a sweet comment, thank you!!!! I love how supported you feel- that's always the goal here!

So helpful thanks! For those sinking fund expenses I have a specific credit card and savings account that are linked that I use so I don't feel the need to track it because I'm paying off my credit card immediately with that linked sinking fund account if that makes sense! So that's why I struggle to decide if I want to track it or not! Since I'm not using my main credit card that he's for every day spending I have like a set credit card for sinking fund purchases!

@@CarterSullivan that makes sense, and is a great idea! Defs nice to keep things seperate. I definitely cluster everything onto the same card and it can get confusing 😅

Interesting because we've definitely had some packages forwarded to us! Maybe it was just a specific post office thing since they knew me well lol! but they said that they would send packages that don't require signature! ☺️ So maybe its post office dependent?

Super interesting that it says it doesn’t forward parcels on Canada Post website! I remember being worried about that when I moved. But I’m so glad you get the packages forwarded!! ☺️

Thank you! No one talks about the second house you buy and how it works so hopefully this provided some insight ☺️

Glad you liked it!!

Yes, I think that's a lot of people do it! But because I have a separate credit card linked to the sinking fund savings account, and I just paid off from that sinking fund every time I use the credit card I'm not too sure if it makes sense for me to track! If you use the same credit card for everything however I do think it makes sense to track because then you're seeing which part of your credit card is coming from sinking funds, etc.

So I thought about it but because I have a designated credit card and attached savings account to use for sinking funds thats not used for anything else it feels like more work for no reason LOL I feel like if you use the same credit card for everything then yes track your sinking funds in income and expenses but because I buy something and immediately pay off with sinking funds and only use the credit card for that it feels kinda silly I've decided!

Yes! So our electricity "off peak" aka cheap times to use are from 7pm-7am, on weekends and holidays! So we never do laundry or anything during the day, always at night or weekends!

​@@CarterSullivan Wow with the 12 hours I can imagine it being worse in the summer when the AC is running. It only being 4 hours here usually I can turn the AC up a few degrees during peak hours and not even notice it. However with 12 hours I would most likely feel the difference.

Yea thats always been my dilemma too! I never know what to do😅

Correct!

We have always opted to pay our property taxes in full and not add it on to our mortgage payment! So we pay our property taxes in I believe it's March and June here in Ontario!

Its a few years old from Aerie but they always sell it! I think it's called the crew sweatshirt or something similar!

Yes that is exactly why we get lawyers in Canada- so that seems to be the comparable in the US (good to know)! I think the 20% had something to do with porting (they knew we'd have the funds from selling our home) and we already had to be re-approved to qualify for the bridge loan so we were told we couldn't put less than 20% down. In Canada if you pay less than 20% you have to pay a mortgage insurance (CMHC) so I think they just auto assumed since we "had" the funds we would put 20% down. Honestly the whole mortgage process the 2nd time was a nightmare and night and day from the first- big lack of communication with the bank on almost everything.

Trial and error. I've been doing this for years now so I'm pretty comfortable and know my spending well enough to estimate numbers for each category!

Our foster dog!

@@CarterSullivan so cute!! How exciting!

I don't sorry- I know she often does sales on her Etsy shop however!

So in Canada, you can port your mortgage! So we bought our first house in 2021 when interest rates were 1.8%. And because we bought roughly around the same price we were just able to port over our mortgage and keep our interest rate! The differences in house cost was about $20,000 which is why you see our new mortgage is an extra $140 a month but it's still calculated at that low interest rate. We never shared exact price of this house for privacy/safety reasons but it was under $500k! We were told on our second home we had no choice but to put 20% down if the funds were available through equity/profits in our home so that's what we did. We had hoped to put 15% down, so we could have some extra money in her pocket for renovations, but we were told no by our mortgage broker! I'm sure there was some like logistics behind it (or not who knows because our mortgage renewal process was not good in terms of communicating with us) so we put 20% down on our second home because we had enough equity in our first house to do so and had no choice as per the bank honestly. Anyways, hope this was helpful! As I mentioned in the video, there are some parts of our home and finances that we choose to keep private because like I said Matt didn't ask to put his finances online and he is of course, 1/2 of the house but I hope this was helpful and answered your question! 🥰❤️

@@CarterSullivan absolutely, thank you!! That is a nice feature “porting” the mortgage! I forgot you mentioned that earlier. Didn’t mean to pry for specifics 😂 thanks for your transparency as always, and I would respect if you didn’t wanna share. Helpful to know how people “make it work” lol it’s rough out here.

⁠​⁠@@kalisue6573omg not prying at all don't even worry, I'd be curious too especially since interest rates are high right now! Truthfully if we hadn't bought back in 2021 and settled for that first home we would probably not be able to afford to buy now because of rates😅

@@CarterSullivan in our area it’s 7.6% right now 🤯 can always renegotiate when they go down but yeah, yikes. We’re a year or so out from pulling the trigger but it’s painful lol

So the 2 previous owners renovated the structural part of the home top to bottom so any asbestos would have been found then when they re-did the insulation. Our home inspection did find a small piece of potential asbestos in the basement which we got removed to be on the safe side. One of the first things we did was an asbestos consult and it was looked at from top to bottom and was all clear besides that one potential spot in the basement. We truly got a best case scenario with this home since the walls have all been re-insulated recently and the one piece flagged is removed! Of course asbestos is fine if left undisturbed but we wanted it gone for peace of mind!

I decided not too! As you can see in the comments- I have a designated credit card for sinking funds which is attached to a sinking finds savings account! Therefore it isn't necessary to track it since its all within one account. If you were someone using 1 credit card for EVERYTHING then yes you need to track which spending you're paying off from said sinking funds but for me with a credit card solely for sinking funds I realized its just unnecessary work!

Weird on my end I hear nothing! It most likely is one of the dogs playing with a bone since they were right beside me!

Our new foster dog!! My videos are a week or so behind from real time but we're introducing her to the vlog next week!! 🥰 She just decided she wanted to make an appearance early LOL