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About

Hi, my name is Cait. Welcome to my personal finance blog! What’s a personal finance blog? you might be wondering. Well, let me tell you about mine.

In June of 2011, I was completely maxed out. I had approximately $100 to my name, plus another $100 of wiggle room on my credit card, and it all had to last me six weeks. After years of swiping for anything I dreamed of owning or doing, my bad spending habits had finally caught up with me and I was left with more than $28,000 of debt to pay off. To try and stay accountable throughout my debt repayment journey, I decided to start this blog.

Since then, I have evolved from being a girl who wanted to be smart with her money into a woman who cares passionately about every penny that goes in and out of her hands. I paid off more than $10,000 of debt in 2011, $11,000 of debt in 2012, and I made my final debt repayment on May 21st, 2013 – just shy of two years from when I was maxed out.

In case you’re wondering, there are no quick fixes to get out of debt. Throughout my debt repayment journey, I did things no twenty-something wants to, including: moving back in with my parents for six months and saying “no” to travelling with friends. Some months were easier than others, but I wouldn’t be where I am today if I didn’t track my spending and (at least attempt to) stick to a monthly budget.

I’m sure it doesn’t need to be said, but I am a personal finance blogger not a financial planner. The posts on this blog reflect my personal experiences and should not be taken as advice. With that being said, I hope to inspire girls and women everywhere to take control of their lives and achieve financial independence.

I live in a small city within Greater Vancouver, work full-time as the Managing Editor of RateHub.ca and am a writer on Gail Vaz-Oxlade’s Other Voices blog. I hike often, volunteer when I can and am secretly plotting to get personal finance a bigger spot in B.C.’s Education IRPs.

Want to know more? Keep reading!

26 Comments Post a comment
  1. Congrats on taking the steps in the right direction to working towards being “a balanced and financially sound woman”.

    June 11, 2011
    • LC #

      Thanks, Girl!

      June 13, 2011
  2. Subscribing to follow your journey. This is a fascinating blog. Good luck!

    July 22, 2011
    • LC #

      Thanks, Jeff! Hope I can keep it fascinating for you :)

      July 22, 2011
  3. Oh how I can relate! Glad to have found your blog, I’ll be following along.

    August 20, 2011
    • LC #

      Happy you commented so I could find your blog too :)

      August 21, 2011
  4. Congratulations on figuring this out sooner than later :) Now your’e ahead of the game! Thanx for the RT on the book giveaway! I think Gail’s book would be an excellent investment, even if you don’t win it :)

    Cheers
    The Dividend Ninja

    October 15, 2011
    • LC #

      I’m enjoying her first book so much, I am certain I would love her others too. Thanks for the comment!

      October 16, 2011
  5. CN #

    Curious…just found this blog. When did you start paying off your debt? You’ve done a good chunk which is amazing! Just wondering how long it’s taken you?

    January 24, 2012
    • Hey CN – I started my debt repayment plan on June 10, 2011. So it’s been just over 7 months now. Thanks for your comment!

      January 24, 2012
  6. Hi Cait – I actually read your blog a few years ago when you were anonymous but lost touch. I came across it again a few days ago and so happy I did! Love reading about the “adventures” of other young professional Canadians :)

    I totally agree that if money was no longer “taboo”, we could all be in a better place!

    Congratulations on your debt progress so far. I will be continuing to read.

    Lyndsay

    January 23, 2013
    • Cait #

      Hi Lyndsay – I’m so happy you found my blog again! And that you commented, so I could find yours. Heading over there now. :)

      January 24, 2013
  7. Kara #

    Hi Cait,

    I need you help!! Could you email me and fill you in, please…

    Kind Regards
    Kara

    March 1, 2013
    • Cait #

      Sent!

      March 17, 2013
  8. I love your blog. I’m just getting ready to clean house, financially… and to drop the 50 pounds I’ve gained along with my debt. Seems like I’ve gained a pound with every $300 of debt. Time to get healthy.

    So, planning to lower my debt $500/2-week paycheck and 5 pounds/2 weeks. – $1,000 and 10 lbs a month sounds more than doable.

    Keep me honest!
    Cheers,
    Hannah

    March 14, 2013
    • Cait #

      Hi Hannah,

      That sounds like pretty rapid weight loss. Over the last 12 months, the most weight I have lost is 8 lbs. in one month – and that was my first month of eating right and working out almost every single day. Since then, I’ve only lost between 1-5 lbs./month.

      I would never tell someone what goals to set but I will say that it’s better to stick to realistic goals (say 5 lbs./month) and BEAT those than set really tough goals that may make you feel worse if you don’t meet them.

      Good luck!

      March 17, 2013
  9. Ann #

    Hi Cait, I just want you to know that you are such an inspiration to me. I have just started committing to getting out of debt and there could be no perfect timing to find out about your blog. Thank you so much for inspiring people all over the world. God bless you! :)

    March 16, 2013
    • Cait #

      Thank you for the kind comments, Ann. Happy you found me! Be sure to checkout other blogs listed in my blogroll – most of them are written by people who are also digging their way out of debt. Good luck!

      March 17, 2013
  10. John #

    Have really enjoyed browsing your blog and intend on continuing to follow along.

    I live in Texas, and stumbled upon your blog whilst searching for a great personal financial software. I am putting the pieces of my life back together after near two decades in the military, PTSD, and, unfortunately, incarceration.

    I now lead meditation classes in mindfulness-based stress reduction. I’ve been toying with the idea of starting my own blog and yours has certainly inspired me. I’m not sure if this is the right forum (perhaps e-mail?)…I’m no web-designer/webmaster and time is tight. Any thoughts on how to get up and running (wordpress..etc.)? If you don’t reply, no problem…undoubtedly you are hammered with questions daily.

    Good luck!

    April 27, 2013
  11. ftsioh #

    Great job and congratulations on your achievement!!

    May 29, 2013
  12. Emm #

    Hi Cait! I just stumbled upon your blog – I just started my own and after reading through some of your posts I’m more than inspired to start my own journey so that in two years my About Me page can say I have no debt, too. I look forward to reading through your Archives to help me.

    June 11, 2013
  13. Great blog! Congrats on the debt payoff, very impressive!!

    It’s always nice to find other Canadian PF bloggers, they seem a little rarer than the American ones (especially local ones here in BC)!

    I’m glad I found your blog and look forward to reading some old stuff and following along with the new stuff! :)

    August 7, 2013
  14. Jennifer V. #

    Hey Cait, you have DEFINITELY inspired me. I actually read the article on you in the Metro Newspaper recently and felt compelled to check your blog.

    I am currently in the same situation as you started in 2011 and feel like I will spend my lifetime paying off my $30,000 car and bank loans. I’m almost 30, I live at home and I have a decent job. I just want it to end and I am determined to get my financial situation on track – starting NOW! I just wanted to THANK YOU for starting this blog and sharing your experiences.

    September 3, 2013
  15. HI :) :) I found your blog via a really nice mention on the site A Time for Everything on Facebook. I’m working on being 100% debt free….and right now that’s just my big mountain of student loans… I”m also a blogger…and I had this crazy idea to start blogging about it as a means of keeping myself accountable and maybe to encourage someone else that it is possible…and not only possible but doable :) :) In any case, you were a site that was mentioned….and I”m really glad that I”m not the only one who’s doing this :) Love and hugs from the ocean shores of California, Heather ;)

    October 6, 2013
  16. David #

    Hi Cait – I heard you on CBC radio this morning, which was nice to hear. My son is in the same position as you described, after completing university. I’m trying to help him but I’ve lived in debt for most of my professional life. Its such a mental drain and can trigger other bad habits – not to mention the constant feeling of being financially water-boarded. Still there is always a solution if we apply ourselves and you provide great encouragement that getting out of debt is possible, provided there is a plan and the plan is kept in motion. Thanks for sharing your experience.

    November 1, 2013

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