So now that the wife and I have been married for a little while we have decided it is time to sit down and do some budgeting for our future. It is not the most fun thing to do but it needs to be done i guess. We are finally in the position where the last of our wedding expenses are being paid off. We picked up our wedding album yesterday. It looked good. We got 40 8x10's for us and 18 5x7's for each set of parents. At first they wanted to charge us $350 for an album. We polietly told them no way and so they offered us a display model of the exact same album for $50. We also had to pay them an extra $150 to get cd's containing all of the raw files. I am glad to have this taken care of because i know people who are paying off their wedding years into their marriage.
I already participate in the employee share program at work where the Bank matches half of what i contribute to my RRSP. I also contribute monthly to a RRSP plan at scotia. Overall I put just under 11% of my income into retirement savings. At some point in the future i would like to be able to put in the max value (18%) but for now that is not financially feasible. What we are working on building up now is our emergency fund and our house fund. We have money saved but its not in a liquid state right now. Meaning it would be hard to get at in a moments notice. We going are to be setting up some automatic deposits into some high interest ING accounts for the purposes of building a house fund and an emergency fund. Once we are satisfied with the size of our emergency fund then everything can go into the house fund. We have also examined some of our monthly expenses to see if there is any fat to trim. We are fairly responsible so there was not really anything to remove.
So that's it.
Next week ... Fantasy Sports