No, I am not shilling Oprah Winfrey stuff, nor am I espousing you go out and sing songs out of the Sounds of Music (although I would take that one over the Oprah thing), no I am being extra lazy this holiday week and creating my own list of favorite posts that I made in 2010. I can hear you groaning, “How lazy can you get?”, never ask a blogger that question, you would be astounded at the depths we would stoop to not have to work hard to produce a post.
This year, was a year where I learned a lot about many parts of the world of personal finance, some unfortunately through my own blunders, some by others mistakes, and some just by asking some smart folks (you should read my Friday Posts to see the Financial Bloggers that I read, very smart folk they are too).
So without further ado here are my favorite posts of the year (I will attempt not to duplicate on the previous lists I have done this week, but I make no promises). Remember also that on Monday I will have a Special Top Financial Rants for 2010 list from some of my Financial Blogging compatriots (I will attempt to not include myself in there, since most of my posts are Rant-like).
Favorite Posts for the Year 2010
Ask and You Might Receive
That is the sentiment of my post You Need Only Ask, where I simply asked for a discount on my Internet Access with Rogers and they gave me one. It’s much like basketball, you miss every shot that you don’t take, and if you don’t ask for something, how do you know whether you might get it? I repeat this message as well In Banking It is All Negotiable, so keep that in mind as well.
At the Next TFSA Turn Left
Do you have a Financial GPS, outlines my love for my GPS but also a wish that I somehow had a version that had a financial capability. I used my GPS to somehow skirt Boxing Day traffic in Toronto, how I wish I had one that might have reminded me that Premium Canada Savings Bonds can only be redeemed in November (or the month they are purchased).
I Believe this RESP is Corked
With my post The Good Wine: A Personal Finance Parable I outlined that eventually you do have to spend the money you are saving, unless you plan on keeping it only for your next of kin (which I am not). Keeping something until it is past it’s prime is a bad thing, and you would have thought I would have learned my lesson from Nortel, wouldn’t you? Take your profits!
I Saved Money by Spending Money?
That is the concept behind the Semantics of Money, where I ask the question, how am I saving money by spending money? This is the type of stuff retailers try to trick you with as well, you are not saving money by spending money, you are just spending less, although some of the commenters on this post disagreed with me. Please feel free to comment more, I keep comments open on all my posts.
A Fatwa on Mastercard?
No the Imam in Ottawa that I spoke of in the Religious Views on Credit Cards, did not make that declaration, but he did say that Credit Cards are usury which is a sin in Islam, and I tend to agree with him. If you carry a balance on your credit card, this is usury, if you pay it off every month, not so much, but there is always the danger of forgetting to make a payment as well.
Fear and Loathing in HST-Land
Why I Loath the HST you might ask? I went to Montreal during the holidays and gasoline there is cheaper than in Ottawa, for the first time in 10 years (if not longer). The gas companies are blaming the HST, I blame all of them and loath them all for it. Yes this is a ranting post, but I missed it on my list this week, and I do love a good rant. Hunter S. Thompson, we still miss you too!
A Penny Found is a Penny Spent
No that is not the message I put across in the Found Money Trap, where I outline that all found money should be going to debt first and foremost, until you are out of debt. I make a similar point in We Did It! Let’s Splurge, where simply reaching financial goals is not a good reason to get back into debt. Getting out of debt is goal number 1, and all others fall by the wayside.
RDSP is not an RESP
Yesterday I outlined my problems with RESPs, but I did succeed eventually, as I did with a Registered Disability Savings Plan in RDSP: The Completion of Initial Work. It outlines my efforts towards setting up an RDSP for my son with TD Waterhouse. I think this program is a good idea, for those with disabled loved ones, who are young, and who may need financial help in the future. I would strongly suggest to anyone in this situation to read up about this program and get going on it, right away!
My New Year’s Wish to My Readers
That this new year brings you Joy and Happiness, and less stress with your money. Keep reading, and keep commenting and we can all learn about Personal Finance together.
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