Italy Recap & Tax Refund Allocation & What’s Next

Hello everyone,

It’s been a while since I last posted and a lot has been happening in my offline life.

I’ve returned from Italy, started a new job, and found a new apartment (downtown!).  My finances and bedroom are in a bit of disarray right now, and I am in quite a struggle to find a balance in my life.  Even though I thought that staying offline might buy a few precious moments, I also missed blogging a lot.  I still gravitate back to writing to organize my thoughts.

My trip to Italy was a lot of fun and I have some gazillion pictures to sort through (of course!), but I managed to put together my expenses for the trip.  I spent 20 days in Italy and a total of $3,220 for the entire trip.  In addition to the breakdown below, I’ve added $137 for travel related purchases in Canada, such as a new backpack, watch, sport towel, make-up removing towelettes, and ear plugs. 


The chart is a bit funny, I originally broke down the expenses according to the cities, and then rolled them up for this summary, but I still wanted to show the duration of each city.

I put away $250 every month into my “Travel Fund” account with ING, and it wasn’t quite topped up when I left for this trip (oops!).  Right now I have about $2,150 sitting in my account.  However, I wanted to spend a portion of my Tax Refund on this trip, and I came up with this allocation for my tax refund:


So, I am still short $570. 

Did I mention that I also want to book flights to Boston so that I can visit BF while he is working away at his MBA?  Porter and Air Canada are holding some pretty awesome deals right now, and I am suspecting that once September rolls around, there will be more awesome deals again.  I’m pretty sure I can snag a round trip flight from Toronto to Boston for less than $250.

Anyway, I am going to book my flight anyway and write myself an IOU.  My plan is to keep transferring the money from my “Travel Fund” to my Savings/Investment fund until I am completely paid off to myself.

What’s Next:

Amalgamate my RRSPs into one location – at TD Canada Trust.  I know that I’ve cursed TD before, but I their e-series mutual funds are just so hard to beat.  AND I will have well over $50,000 invested, so I will only be charged $10 a trades, as opposed to the $30 I am paying now.  I need to call ING and Manulife and figure out what I need to do to move my money as soon as possible.

After I have everything in one location, I will need to re-balance my portfolio.  This should be fun.

That’s all I have for now!  I hope everyone else’s summer is going well!

PS 1.  Errrm.. I don’t like the WordPress dashboard.  What happened to all my options of making headings and other formatting tools???

PS 2.  Missing Cassie!  Hope you’re having a great time, girl!


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4 responses to “Italy Recap & Tax Refund Allocation & What’s Next

  1. I love TD Canada Trust as well. But I think it’s wise to diversify a bit. In case one bank tanks *knocks on wood* you have the other to keep you a float. That being said, I do keep most of mine with TD but I don’t mind a few floater accounts here and there.

  2. I hear such good things about the TD eseries funds, but all my trading is with Questrade right now… maybe when I have more money 😉

  3. belowhermeans

    Welcome home! And for what it’s worth, I miss Cassie too.

  4. The flight deals are almost unreal ‘eh? Boston is a cool city, hopefully you get a chance to explore when you go down for a visit!

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