Here is a list of random FI/RE things I have done lately that may or may not inspire you to make your own list of accomplishments, or add some things to your FI/RE to dos. Happy Spring!
I opened an RRSP with Questrade, invested in VBAL & VGRO with Vanguard Canada (50/50 split). This gives me a mix of 70% stocks, 30% bonds. I have intended to do this for some time, but now I can actually do it since I’m debt-free. Most of my portfolio is still in mutual funds, however it’s a start in the right direction.
I reduced my car insurance coverage to reflect my old vehicles and the fact that I’m no longer commuting to work (originally, I was laid off due to COVID-19, but I have started back to work full time, from home, this week. HURRAY!)
I bought seeds to start a veggie garden to save on produce during harvest time. Pics to follow!
I sold a bunch of our belongings we no longer need.
I delayed the purchase of several non-essential items due to unemployment, however this has the side-benefit of money staying with me longer to gain interest, AND it allows us to consider if we really need these things in the first place.
Back in May, I rejigged our budget in YNAB move dollars from non-essential or non-urgent categories (ex. Home improvement, Vacations), to only absolutely essential expenses for the next 2 months. This was to ensure we have enough to survive without a big chunk of income through the end of July. I like this idea so much that I am going to leave it as is. Now, all income can be used to fill up the sinking funds again, and eventually fund August’s essential expenses. We’ll always be 2 months ahead of the game to be ready for future uncertainties.
There is much more to come in the next couple of months. I felt the need regardless to recognize what I HAVE done to make myself feel better about the loss of income. My path to FI/RE isn’t fast or focused at the moment, but this is a reminder that I can take steps in the right direction even when life turns completely upside down.
What FI/REy things did you accomplish lately?
Take care of yourselves. June Financial Independence report coming soon!