-
Welcome to the forum (and my thread).
The salary in the survey includes bonus. I do think that my salary is a bit low but there are other consideration for me staying (opportunities, experience, etc). At this stage of my career extra 3-5k won't really make a difference (even less so if you subtract taxes). Will probably jump ships after I get the full credentials (unless I get a big raise).
-
So I am back from the Eurocup - what a great experience! Money (although a bit much) very well spent.
Not a whole lot happened in terms of savings... didn't save anything in the past few months mainly due to travelling and the fact that I am getting married in August - almost everything is cash flowed from our 4k/m budget.
Goal is to fill up the TFSA by end of year and put another 3k into Emergency. Might be a bit too optimistic but who knows...
Summary as of July 12, 2012:
RRSP = $10,000 (book value)
TFSA = $10,000 (book value)
Cash = $2000 - Emergency money (TFSA will kick in if necessary).
DB Pension ~ $5,500 as at 12.31.2011
-
Finally I was able to squirrel some more money into my TFSA - $3000 to be precise. I am still on track to fill the TFSA and ($5533 to go). The question is how much will I have in my cash account at Dec31.
I also moved all my emergency money into the TFSA as my wife has enough cash that will serve as emergency money for now.
Summary as of September 15, 2012:
RRSP = $10,000 (book value)
TFSA = $15,000 (book value)
Cash = $300
DB Pension ~ $5,500 as at 12.31.2011
-
Another 2.5k saved 
Nice to see progress when so many things are going on (more on that later).
Will move that money into TFSA a bit later
Summary as of September 15, 2012:
RRSP = $10,000 (book value)
TFSA = $15,000 (book value)
Cash = $2,800
DB Pension ~ $5,500 as at 12.31.2011
-
A lot has happened since September. A position in my company opened in BC and I took it so we are relocating in 2 weeks . What's even better is that it looks like my better half will also have a job waiting for her there. I was offered a relocation package which helped me/us reach the financial goals a bit earlier than expected!
Summary as of November 15, 2012:
RRSP = $10,000 (book value)
TFSA = $20,000 (book value)
Cash = $2,000
DB Pension ~ $5,500 as at 12.31.2011
-
I was able to sock away another 5k into RRSP Hopefully 5k more by Feb 15. Foal by end of year to have 8k cash, 25,500 TFSA and 35,000 in RRSP.
Summary as of January 15, 2013:
RRSP = $15,000 (book value)
TFSA = $20,000 (book value)
Cash = $2,000
DB Pension ~ $5,500 as at 12.31.2011
-
Had a discussion about next year's raise. I asked for 15%, supervisor said they will meet with someone next week to see what the market pays for my slave labor and get back to me. Said that at this point their budget is mostly set and if she gives me more someone else will get less. I replied in a very nice way that this is unfortunate but won't change my request (unless I start sharing someone else's yacht). One possibility she raised is to give the regular raise now and a bit later in the year another bump. Obviously if this is what they offer I will ask for a specific date. Otherwise it will be an interview season for me... And if I get what I want at another firm they will need to beat it by another 5%. I was a bit nervous before but actually enjoyed the discussion!
-
Got the salary increase today... 2% to base salary. Obviously nowhere near the 15% I asked for - apparently my pay is above average in the company. However, I got promoted which means the target bonus increased by 5%. Also I will be getting 4% company stock from now on (that I can sell right away). Total increase in compensation is 11.1% which I can live with, for now. I have to write an exam in 10 weeks so decided to wait with my decision of whether to "test the market" at least until I write it...
On another front, I was able to put away another 3k.
Summary as of February 15, 2013:
RRSP = $20,000 (book value)
TFSA = $20,000 (book value)
Cash = $300
DB Pension ~ $5,500 as at 12.31.2011
-
Saved another 5.5k to TFSA which is now maxed out. I am on target to reach my goals this year (so far).
Summary as of March 27, 2013:
RRSP = $20,000 (book value)
TFSA = $25,500 (book value)
Cash = $90
DB Pension ~ $5,500 as at 12.31.2011
-
Time to concentrate on the RRSP! 3k more today.
Summary as of April 15, 2013:
RRSP = $23,000 (book value)
TFSA = $25,500 (book value)
Cash = $400
DB Pension ~ $5,500 as at 12.31.2011
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
Reply With Quote