Paying down my BMO credit line debt

Once you have your idea fix and that you really want to pay your debt life became extremely hard. Very very hard, because the only thing you want have that is to pay your debt as quickly as possible. But paying debt require a lot of money and once you say money you say time, because you have to wait for the next paycheck... or the next dividend payment.

And surprise! I have update my dividend income and so far for January, I am at $745, and that being in my non-registered account only. In total its $1 556 I had transferred over my BMO credit line. I am currently waiting for a $600 check regarding my self-employed work. I think I may be able to pay off my credit line by the end of February, beginning March - maybe.

My BMO credit line is now down to $3 244. My American Express had been paid off. To pay off completely the line, my CIBC Visa and student loan, I need $10 925.54. Quite a lot of money. See this is why paying debt is soo hard because pay check after pay check, you know exactly where your money will go. There is no freedom. This is why paying debt is so hard.

The Dividend Girl is turning into a real debt payer

I came around here yesterday with a tiny little bit of a frustration and I never have any shame on expressing that desperation on my blog. And that is what nourish my bones and Acadian sexy flesh. There will be just no end to it. Nourish my anger, and you'll nourish my soul. And anyway, I am now totally sure that I will be able to easily pay off that $4 800 BMO credit line very very soon. 

I already received the $824 generate by the selling of my KEG.UN shares into my margin account. So I will go tomorrow at the nearest BMO Bank and proceed with the payment. From a $4 800 balance, I will go down to $3 976. $3 976 is still a good amount, it will take me 3 long months before its paid off, April will be the happy month but no worries, it will be done.

After almost a decade pass on investing, why it has become suddenly sooo important to pay out my debt? Check this out:

This is my current budget that cover exclusively my monthly minimum need:

Rent: 615$

Grocery: $200

Internet: $35

Cell: $41

Laundry: $18

Credit card: $50

Credit line: $100

Banking fees: $6

Student loan: $98

Total: $1 163

Look now at what look my minimum budget after all debt is paid off:

Rent: 615$

Grocery: $200

Internet: $35

Cell: $41

Laundry: $18

Credit card: $50

Credit line: $100

Banking fees: $6

Student loan: $98

Total: $909

Between the before and after, its an extra $254 that is save and that can be use for entertainment or any other else...

And its currently very tempting to reach such possible situation. I think I will be good for another full-time employment year, I don't have any feelings that I will be laid off. However, I want to protect myself from a laid off or from any other situation that could happen. It became harder and harder than ever to stay in Quebec and I want to make my move outside the province possible because I won't live in a "country" that doesn't recognize God and doesn't see him as the supreme powerful. In other words, I have enough of those Quebeckers little ass. Also, the fact that I reached the 106k net worth this December 2013 had been a huge push in the butt to pay some debt. 

That is the story behind the Dividend Girl turning so suddenly to a Debt Payer Girl.

My American Express card balance is now 0$

I am quite happy because the year 2014 is starting on a positive note. I have paid off my American Express. The minimum monthly payment had went through just a week ago, so the amount needed to clear it off completely was $2 284.19, and its now paid off! I have an extra income coming from work, so I was able to pay it all in fresh cash, without touching any dividend income.

I have sell my Keg Royalties Income Fund (KEG.UN) investment, which was from my TFSA. I decided to sell because I was getting anxious about it, and I can no longer lose money on the market. I now have an extra $824 to pay off my debt of whatever else. And I am actually now thinking about my BMO credit line.

I had forget to pay the line in December and I get a call from BMO on Friday early morning asking me what happen and why it wasn't paid off.... It was the first time I was skipping a payment and I just forgot about it. The BMO representative was laughing stupidly over the phone. So I taught: to myself: your F Quebec idiot, you'll see what you'll get! I AM GOING TO PAY OFF THAT BMO CREDIT LINE and BMO won't have any of my business anymore. I even received a telemarketing card regarding my BMO MasterCard and guess what: I was asked to confirm the last 4 digits of my credit card over the F PHONE! I am not an idiot. I am not a F Quebecker. I don't like telemarketing calls. BMO always had been crushing and pushing too much sells, here's another example. When they don't try to sell unneeded credit insurance, it's something. BMO is not a serious financial institution. BMO staff are only a bunch of suckers.

I never injected more than the minimum payment on that credit line because the interest rate was so low (less than 5%). And more than that, I withdraw, each month, the amount left available. So in a way, I am not a very good payer. Depending of what my margin look like, I could possibly inject December and January dividend monthly over the credit line. And I could possibly get this credit line paid off very quickly considering that my balance is right now of $4 800 and that I have at my disposal a fresh $824 to inject in it. So go figure. I won't let any Quebeckers have the last word on me. GO TO HELL QUEBECKERS. 

Other than those Quebec idiots, I also have my student loan, but its not in my plan to pay it all quickly, unless my Loto Quebec Celebration ticket make a millionaire out of me tonight! (I am updating a post I began to write this last Friday, but I didn't even check my Celebration ticket.)

Now that my American Express is paid off, I only have left my CIBC card. I have a 0% interest for 6 months - it will expire in May. I plan to put some money on my credit line and once May come, I will pay off my CIBC Visa... 

From now to May, all my money moves are all pretty much set up. For May to December, its more than $11 000 I will have available, so I will have enough money to pay for my student loan. Ans after that, I will leave a 1k on each of my banking account to avoid the fee and following what.... I won't have any credit line, credit cards or student loan to pay, only a good looking stock margin. So I think it can worth the path, even if this mean that I will only have left something like 5k to invest...

Courage, courage. 

Have you ever heard of this one: Horizon North Logistics (HNL)? Well you have now!

I didn't sell my Keg Royalties Income Fund (KEG.UN) yet, but I am about to do so soon. I just cannot hit on the sell button for a reason or another even if my idea is really clear. I shouldn't hold this one so tight to me, especially when Fairfax in the game. I don't understand why gave Faifax some power over the company he owns. It make him a total loser to my eyes even if I shouldn't think so. If I am not mistaking the same company is pretty much involve in BlackBerry!! WTF!! So there's really high risk when it come to Faifax and I don't like that company being around KEG.UN. I will probably sell Keg Royalties Income Fund (KEG.UN) tomorrow. David Aisenstat, the ex sweetheart of Desperate housewife of Vancouver Christina Kiesel seem to be fabulous moron. First, he married a diva, she divorced, get a fortune out of it and now more recently, Mr. David Aisenstat sell half of his business to Faifax clowns I mean COME ON. This had been quite disappointed to me. When you have a successful business, it should be yours for life, you shouldn't get any morons in your inner circle once you have it all. That's what I think.

My non-registered portfolio is at a new high! At now $134 743.83, I am at the highest value ever! My net worth could possibly be of $110k right now. When the TSX is up in the air, everything is easy. I have a margin value left of something close to $6 000 right now, so I am not doing daily transfer from my credit lines to my margin to keep it save because I find even 5k is enough to keep me the head of the water for a margin call - but that being only under good economic circumstances. If the TSX get shake up by the Euro or whatever else shit, well it too bad, gorgeous will have to transfer fund over the margin. Life is like that. Getting artificially rich by money that is not really yours can really be a pain in the ass, but it is sooo easy! And it will be even easier for you than for me because you read this precious blog at the very moment and you get to knows all my tips, best moves and sexiest stocks! And about sexy stock, you are about to learn a new one so keep going, you are almost done reading anyway.

 If you understand French, you might like this La Presse article. Following the sale of my Keg Royalties Income Fund (KEG.UN) investment, I am pretty tempted to invest in this stock that I never knew about: Horizon North Logistics (HNL). In many ways, Horizon North Logistics (HNL) share a lot in common with another fabulous stock that I hold: Black Diamond Group Ltd (BDI), and not to forget WesternOne Inc. (WEQ). Both BDI and WEQ had performed extremely well in my portfolio.

Horizon North Logistics (HNL) pay only a tiny small dividend, but its stock price is cheap and I kind a like the business they are in so why not!

Horizon North Logistics (HNL) is a buy to the Dividend Girl, tiny dividend or not.

Is it a good time to sell Keg Royalties Income Fund (KEG.UN)?

I read the latest review that Susan Brunner wrote about my fabulous Keg Royalties Income Fund (KEG.UN) back in December of last year and it make me think. It actually make my brain working quite a lot. 

So here's why. In 2014, I won't have much monetary room $$$ left to invest in new stocks. So I better get a careful look of what I hold into, don't you think so. And a question remain: is Keg Royalties Income Fund (KEG.UN) a good fit for my portfolio? Susan had wrote a post about KEG.UN before and I knew about it. It wasn't a post in favor of KEG.UN because we learn that the restaurant chain fail at making positive gain, to make earnings. But how can they afford to pay that big dividend yield to their investors? 

No matter what, I decided to stick to Keg Royalties Income Fund (KEG.UN). Why? Because of its very GOOD YIELD. A Dividend Girl is attracted that. But that taste for big yield came with a price and consequences. Getting into the dividend game is a fatal attraction because holding to stock that pay a big yield can be a wrong move. And for that reason, I was quite surprise to hit on the 100k net worth by the end of 2013 last year. It seem like my investment mistakes didn't bother much, but I need to remain in control.

What do you think happen when a big dividend yield payer announced a dividend cut? Most of the time, the price value go down down down and after that, its became extremely difficult for that same stock to gain back to its old value. I currently have that problem with Just Energy (JE). Susan also had concerned when it come to Just Energy. However, its too late for me on that one. Angel baby got burn on one bum, but I will get the other one free of burn. Or I will try, at least!!

Making a living out of dividend distribution is a dream that some had achieved, like my bebelove Derek Foster. But you will sincerely excuse me if I am wrong, but there's not too many young investors out there who can say that they are making a living out of dividend distribution. And you'll excuse me again if I am wrong but even Susan Brunner doesn't make a living exclusively out of dividend distribution. She partly sell a portion of a portfolio - maybe not every year, but that's how she does. So capital gain are also very important, as much important as dividend distribution.

For that specific reason, its way much better to stick to high quality stocks, what investors name blue chips. Personally, I need reliable stocks and I need to be able to sell off those stocks if it happen that I am desperately in need of money. That never happen so far in my live, but it could. Don't ever think no one is free of financial money drama.

So knowing that I already hold a bunch of troublemaker stocks (like Colabor, DGI, for example), I need to be extra careful with my moves. I currently have that ultimate chance to sell my Keg Royalties Income Fund (KEG.UN) units at profit. Following the commission fee, I will be bale to cash in a small - but still a profit - of $64. The sale of this investment will generate less than $900 overall, but its money I will have in my pockets to transfer other non-registered stuff into my TFSA like I was planning to do for the month of February.

Knowing I could make a profit, even tiny, out of KEG.UN and free of tax, now could be a good time to sell my Keg Royalties Income Fund (KEG.UN) investment.

On why 2014 will be the most frugal year of all!

I start 2014 in a good positive way ever: I was offered a 0% interest credit card transfer at CIBC Visa (but a one time 1% fee applied). I took advantage of the offer to pay off my $2 500 MasterCard balance. I overspend during the months of November and December, I also bought my first 32’ TV (yeah!) and a gadget antenna that give me like 5 great channels. And I also spend on several other things. But the spending time is now over because I had come with this great plan for 2014!

The beginning of a New Year is always a fun time to get a look into asset and debt. And this is how I learn that I had a net worth of over 100k, even while holding 77k in debt. That was the WOW factor on how beautifully end the year 2013 lol. It wasn’t expected at all because I found 2013 an exhausted trading year. A lot of international problems came destroying my little quiet and intimate time with the stock market. At a point, it was a big F to the Euro zone. For a retail investor, to deal with all of those things by our own, I mean, it can easily be over distracting. But no matter what, the 100k asset net worth had been exceeded to be a 106k. I was curious to find out how much was going to be my upcoming dividend income for 2014, and the magic number is now $6 851.17$, excluding the dividend coming from my RRSP.

That’s all nice, but now time had come to pay off some debt. And I plan to seriously do so in 2014, for several reasons. One reason being that I hit on the 100k net worth thing that I didn't see coming, and also, I want to decrease the amount of money I need every months to cover my minimum expenses – and that amount include money that goes on to pay down some debt. This plan will only work if I go through a full-time employment year. 

First of all, very good news, I will have enough money by Friday to completely pay off my balance of $2 355.19 at American Express. It will be clear in a couple of days by mixing up dividend income and cold cash coming from the previous pay check and the upcoming one. Just like that. BANG!

American Express debt: to be paid next Friday

The other priority on my list is my now CIBC Visa at $2 539.75 at 0% for 6 months, which will lead me to about May 2014.

If I only paid off debt without investing anything, I won’t last long. Really soon I hope, maybe by the end of February, some of my Shoppers Drug Mart (SC) shares will get sell for $61.54. I plan to invest at least 1k in LAS.A and leave the remaining on the margin account when I finally get my hands on the money.

Beginning February, I will do a contribution in kind for my TFSA. I have a contribution room of more than $20 000 for my TFSA. So this year, even while my main focus remain debt repayment, I will do my best to also invest inside my TFSA or get some existing non-registered stuff transfer over as a contribution in kind. For now, the list of stocks I want to transfer over my TFSA is: FC, RSI, CFX and SJ. Those stocks currently represent a loan value of $922.39. I will have to add that amount over in cash before proceeding with the transfer. One part of my 2 monthly pay check will be enough to proceed. That’s the story for February 2014.

Beginning March, I plan to make the payment of around $1 500 on my CIBC Visa by including the money of my February dividend and pay. This will leave just a bit more than 1k balance left on the card.

For April, I plan to visit my family in New Brunswick for Easter. With the bus ticket, I plan a $350 expense, not a penny more. April is the time of tax declaration. I guess I will have to pay up an extra 1k in taxes. So no investment and no debt payment plan for April.

Beginning May will be my very last payment in on my CIBC Visa debt – which should be around $900.

So you all know already what’s going to happen until May 2014. Not very exciting stuff, but you may still read on my blog because we never know what could happen in term of investment. And if I get a second job, I could have more money to do stuff. Earning an extra $200 per week could make a huge difference in my finance.

Following the month of May, we’ll have 7 months of 2014 left. That period of time represent an extra $10 612 to play with. So here’s the plan for those 7 extra months:

$1 500 will go on my vacation in New Brunswick (for the summer, October and December)

$300 for Christmas gifts

$1 000 will go on one of my banking account to save the monthly fee

Another $1 000 will go on my second bank account to save on the monthly fee

$4 900 will go to pay of my credit line at 4%

And the rest of the money ($1 912) will go on my margin or for a new investment in my TFSA.

Following what, my minimum monthly budget could be as low as $1 100.

As you can see, I haven’t planned much money to be spent on clothes in 2014 because I find that I have pretty much everything I need. I haven’t planned much on entertainment either because writing this blog should be enough of an entertainment. And not to forget that I now have a TV with almost cable, and also Internet. It will be interesting to see how it goes and if I can stick to this plan. I could pay off about $11 706.94 of debt in 2014 – and if not more. Following what, I could have about $64 774.69 left in debt – certainly better than the 77k I am on now. If I am just very lucky, I could finish the year 2014 with a net worth of MAYBE $150 000 but that’s only speculation...

The plan is pretty much all set up, it will be a very FRUGAL and happy year trying to lower my living expenses. Wish me good luck, I will need some!

My investment portfolio on date of January 1, 2014

Non registered Investments:

Stocks and Units investment portfolio $CAN 
Timminco (TIMNF): $0.43

Blue Note Mining (BNT.H): $2

Bank of Nova Scotia (BNS): $ 7307.30
Hanwei Energy Services (HE): $21
Methanex Corporation (MX): $6 451.92
Fortis Inc. (FTS): $3 316.87
Pembina Pipeline Corporation (PPL): $17 278.80
Just Energy Group Inc. (JE): $6 148.40
Pengrowth Energy Corporation (PGF): $1 508.80
Enbridge Income Fund Holdings Inc. (ENF): $7 959.90
Corby Distilleries Limited (CDL.A): $2 331.05
Davis + Henderson Corporation (DH): $6 410.88
Premium Brands Holdings Corporation (PBH): $10 033.95
EnCana Corporation (ECA): $3 983.20
iShares S&P/TSX Capped REIT Index (XRE): $2 362.36

Horizons Gold Yield Fund (HGY): $1 273.05
Canfor Pulp Products Inc. (CFX): $1 107
New Flyer Industries Inc. (NFI): $2 194.40

Exchange Income Corporation (EIF): $7 186.80
Rogers Sugar Inc. (RSI): $509.20
Student Transportation (STB): $658
Colabor Group Inc. (GCL): $478.38

TMX Group Inc. (X): $408
K-Bro Linen Inc. (KBL): $3 950
Westshore Terminals Invest Corp (WTE): $7 058.40
WesternOne Inc. (WEQ): $2 869
First Majestic Silver Corp (FR): $1 042
Kinross Gold Corp (K): $700.64
TransCanada Corp (TRP): $1 212
Canadian National Railway Co (CNR): $5 448.60
Firm Capital Mortgage Investment Corporation (FC): $482
Enbridge Inc. (ENB): $1 298.36
Agrium Inc. (AGU): $2 525.90
Canadian Utilities Limited (CU): $1 496.46
Veresen Inc. (VSN): $939.84
Crescent Point Energy Corp (CPG): $906.84

JFT Strategies Fund (JFS.UN): $2 320
Geovencap Inc. (GOV.H): $0.40

Bombardier Inc. (BBD.B): $599.30

Heroux-Devtek Inc. (HRX): $610.50

Black Diamond Group Ltd (BDI): $750

Emera Inc. (EMA): $762.50

Cineplex Inc. (CGX): $1 101.25  

Barrick Gold Corp (ABX): $748.40

BCE Inc. (BCE): $1 012

Stella Jones Inc. (SJ): $545

Shoppers Drug Mart Corp (SC): $2 907.50

Saputo Inc. (SAP): $967.60

Canada Bread Company Ltd (CBY): $2 397.50

TOTAL: $133 583.68

Stocks and Units investment portfolio $US:
Sprott Physical Silver Trust ET (PSLV): $1 163.37
Cash: $4.12

TOTAL: $1 167.49

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): $29.91
Dumont Nickel Inc. (DNI): $86.25
Sprott Physical Silver Trust UTS (PHS.U): $1 607.63
Sprott Strategic Fixed Income Fund (SFI.UN): $355

Healthlease Properties Real Estate Investment Trust (HLP.UN): $976

Keg Royalties Income Fund (KEG.UN): $815.50

RioCan Real Estate Investment Trust (REI.UN): $865.95

Precious Metals and Mining Trust (MMP.UN): $378

Sprott Inc. (SII): $2 623.82

Chorus Aviation Inc. (CHR.B): $627.12

Data Group Inc. (DGI): $324.57

AltaGas Ltd (ALA): $1 223.10

CT Real Estate Investment Trust (CRT.UN): $1 090

Cash: $5

TOTAL: $11 007.80

RSP investment portfolio:
Sprott Canadian Equity Fund: $2 955.61
iShares Gold Bullion Fund (CGL): $3 606.46
EnCana Corporation (ECA): $2 029.90
Emera Incorporated (EMA): $7 015
Sprott Physical Silver Trust UTS (PHS.U): $535.88

Toronto-Dominion Bank (TD): $1 501.35

Barrick Gold Corp (ABX): $935.50

Stella Jones Inc. (SJ): $2 725

Telus Corp (T): $1 828

Tim Hortons (THI): $619.80
Cash: $157.57

CIBC Dividend Growth Fund: $662.54
CIBC Emerging Markets Index Fund: $315.84
CIBC Monthly Income Fund: $1 182.31

Energy and Base Metals Term Savings (Indexed term savings): $577.30
Natural Resources Term Savings (Indexed term savings): $502.06

GIC National Bank: $1 273.68
GIC Plus TD: $500

Manulife Fidelity NorthStar GIF CAP B: $1 100.26
Manulife Simplicity Growth Portfolio: $1 046.73
Maritime Life CI Harbour Seg Fund: $1 197.03
Maritime Life Fidelity True North Seg Fund: $1 267.28
Manulife GIF MLIA B World Invest: $845.32

Great-West – various: $2 189.08 $
Various other mutual funds: $1 206.17

TOTAL: $37 775.67

Social Capital at Desjardins Membership share: $40 

Savings + Stocks, units, mutual funds + Tax- 
free Savings account + RRSP + Online Income
($51):

$183 534.64

Ok so this is my plan to get the sexy me on my first $150 000 net worth. Daddy, show me the money

I was off yesterday for the New Year so I updated my portfolio value and debt situation. Before that, my latest update was way back in October. I was quite surprise with the data. First of all, my portfolio hit on the $183 000. With a $77 000 in debt, I had closed the year 2013 with a net worth exceeding the $106 000.

SURPRISE! 

It was my secret wish to finish the year with a 100k net worth, but I never taught it would had been possible for 2013. I taught I was going to make it close, but certainly not exceeding it by $6 000. Why? Well, because of the market volatility. too many ups and downs in 2013. It make me wanna throw up just by thinking about it. However, I am now at my second $50 000. No more first, but second ONLY. And on the road for a third.

There's a lot to celebrate! Also in December 2013, we hit on the 700 000 page views on my Dividend Girl Blog. We are actually now exceeding the 710 000 page views. You kind of like it over here, don't you? 

I am currently putting a sell order on my Heroux-Devtek Inc. (HRX) shares. Why? Well I had been holding HRX in my portfolio since the time they had paid that big special dividend. And now that HRX no longer pay dividend, it could be a good time for me to say good-bye to my shares. I am looking forward to sell at $11.41.

I am also looking forward to partly sell my investment in New Flyer Industries Inc. (NFI). I had put an order to sell some NFI shares at $11.75.

Another stock that I begin to have enough in my portfolio is Veresen Inc. (VSN) - I would like to completely sell off my shares, but for that, I will need to be patient.

And I am also very tempt to sell of some of my Exchange Income Fund (EIF) shares.

Those are the changes I am looking forward to make.

A 100k net worth is not that much money but its more I could imagine to have at 33. I had fix a 50k goal, that was pretty much all I wanted, but hey, after a $50 000, why not hitting on the rock to get a $100 000. Why not. Now that the impossible had happen, I am just looking forward to make things for the best.

Next big thing would be for me to pay off some debt and that part is really not easy. Its not easy because I have all of those investment projects. It happen sometime that I run around like a dog running at its tail - no investment idea seem to come, nothing catch my attention. What do catch my attention is special dividend. I am currently stuck with a stock name CBY because its promise to deliver a $8 per dividend to mommy was JUST extraordinary TOO tempting!!!! But now, CBY trade lower than the $77 I pay per share so I am stuck. The same thing happen to me with HRX. I don't mind holding CBY in my portfolio. I think its a blue chips, I didn't know that stock before so yeah, why not?

I am at a point where I have everything I want and ever much more so this is the perfect time to take care of a problem I had been carrying on for a little while; my debt. I hold a $2 355.19 at American Express that 0.99% that is going to expire in a couple months. And just recently, I got enroll in a $2 539.75 at CIBC Visa at 0% for 6 months. Great, but those are promotional offers and sooner or later, they will expire. Knowing myself, I prefer to set up a plan now on how I am going to pay off $4 894.94 by May and April 2014. If I want to clear it off by the end of May, I will need $978.99 per month for the upcoming 5 months. That make quite a bit of money! So I really need to plan what EXACTLY what I am going to do with my money for the next 5 months. 

For the first time in several years, I am going to save some bucks in my banking account! I hold two banking account that cost me $2.95 each month. Why 2? Well, because its the way it is! I am a girl, and I want 2 bank accounts. I have automatic transfer set up in each of the account and I prefer to leave things the way they are. I only need to save $2 000, $1 000 per bank account in other to pay no fee, so at least for next one and half month, the money will stay in my bank account and no more banking fees!

Another things I want to pay off until May is my $4 900 line of credit. By May, I should have a bit of cash floating and I will be able to make some transfers and pay off my 2 credit cards.

Basically, that's the plan. I already have a $511 save that is for now in my bank account and I should get another 1k available by the time of my next paycheck... See, do you understand now why I need to get a second job? 

After getting ahead on my 100k net worth, I would like to pay off some debt so I can minimize my monthly budget to a tiny 1k or even less. If could do so, it wouldn't be that much of a ride to hit on a 12k annual dividend income. See what I am running for?

Tomorrow is Friday and I cannot wait. its terribly cold here in Montreal. I need another bottle of Kim Crawford wine I drink at the New Year Eve.

My debt situation on date of January 1, 2014

$2 355.19 for 6 months at 0.99% (credit card) = $23.32 in interest. Expired: April 2014 

$2 539.75 for 6 months at 0% (credit card) = $0

$67 185.17 at 4.25% (margin money coming from my broker account): = 
$2 855.37 in annual interest

$4 900 at a low interest rate of 4% (credit line rate) = $196 in annual interest

$5 381.54 at low interest rate loan at 5.50% (student loan) = $295.98 in annual interest

TOTAL: $82 361.65

TOTAL in annual interest: $3 370.67

[In date of January 1, 2014]

*For a complete update regarding my debt, click on the label "Debt situation" located at the right column of this blog.

Goodbye 2013, Hello 2014!

Life has its own little ways to tell me over and over again just how amazing I am... lol.... euhhh YEAH! :)

My credit card is ranking over the 2k at this time. I bought a "32 TV, a new lamp because my old one broke, a TV Antenna so I won't bother to get on cable, Christmas gifts, Christmas gifts for me, Montreal-New Brunswick bus tickets, clothes, makeup, winter coat, boots... My boots were taking water and I one day went to work with wet feet, it wasn't funny. But now I have new boots. And I have new clothes. And makeup. And I have a TV now. And I never spent that much of my entire life! 

So yesterday, I was checking on my bills and new ways on how I was going to pay off that $2 500 current balance on my credit card. As I normally do at least one per month, I went in all my credit card accounts to check if everything was ok and than, I saw it: CIBC Visa was offering me a 0% interest rate for 6 months, but a one time fee of 1% applied. I was totally shocked. Just when I was quite shocking on my budget and trying to figure out how to pay this off, in an instant, the problem was resolved. I proceed with a credit card balance transfer over CIBC Visa and my credit card balance problem was resolved. AMAZING!

Be assure that I don't plan to spend much more and my next time in New Brunswick probably going to be only in Easter. So I have plenty of time to catch up on savings and get a second job or something like it.

So currently, my only debts are my margin account ($62 410.89 at 4.25%), my American Express which going to expire in April 2014 ($2 355.10 at 0.99%), my student loan (probably something like $5 500), another credit line at something like 4% (balance of 5k), and my newest $2 539.75 at 0% for 6 months at CIBC Visa. 

Thank you CIBC Visa you had made of the Dividend Girl a very lucky magnetic BITCH.

I have a lot of debt, but its now lower than it used to be and I promise to be a very good girl. My NEW YEAR RESOLUTION is to stop purchasing stock using the benefit of my margin account.

... This is going to be hell HARD.

Also, another New Year Resolution is to pay off my credit card debt. I have great low interest rate for now on my American Express and CIBC Visa, but those won't last forever, we know that. So its a $4 894.85 that I am looking forward to pay off as soon as possible. I have until May-April 2014 to do so, but in the meantime, the money will go as a deposit on my 5k credit line that I hold somewhere. That way, I am sure the money will go the right place. 

Today was the last trading day of 2013 and my non-registered portfolio closed at $133 809.40, +16.10%. Very great results for 2013, I am very please.

For 2014, a few things I want to work on:

-Get a second job.

-Pay off some debt.

-Maximize my TFSA.

-Stop buying stocks using my margin account.

I am currently drinking a very great white wine, its a Kim Crawford Sauvignon Blanc, Marlborough, 2013 and I already drink almost half the bottle. Veryyyy good tasty sexy wine. LOVE it.

Have a good New Year Ever. Since its so cold outside, I am drinking in my bed. Have a nice one.