Halloween is here, along with all of the money that is now associated with it. Gone are the days where a simple Jack-O-Lantern would suffice, if you don’t have a scene from a Vincent Price movie on your front lawn, you are a failure in the eyes of your neighbours. I will be out trick or treating with L’il C8j, but as usual he won’t be eating any of the candy (he likes a few things, but not a lot), that is left to me and Mrs. C8j to gorge ourselves silly. Just make sure you don’t end up with any Financial Skeletons in Your Closet after setting up your Halloween Horror House.
Word has it that the upcoming Budget may allow income splitting for families with children under the age of 18 (hopefully with a dispensation for those with disabled children, maybe allowing for this ability after the child reaches the age of 18). The splitting will really mean an ability to transfer up to $50K from one spouse to another (maximum benefit of $2000), but still will help single income families (or families where one spouse makes much less than the other). I started a discussion on reddit about this as well, drop by and be heard.
This is all due to the Government “balancing” the budget (note I put that in quotes), what “balanced” means is simply the Government is simply spending all the money that they earn (while paying maintenance on the existing National Debt). I do not suggest this as a good plan for anyone trying to lower their debt level (i.e. cutting your income).
If Halloween is here, that must mean only one thing (aside from my Daughter’s birthday of course) and that is to not forget to put your clocks back this weekend as well. Yes, it is Fall Back time, where we get an extra hour of sleep and those of us who go into work early in the morning will still get no glimpse of sunlight.
My Writings for Week Ending October 31st
The days are getting shorter and of course this weekend, the clocks go back, so we all have an extra hour of sleep, so more time to read my writings, and luckily it was a sparse week for me, with only two new articles written.
- I was very happy to hear from a Twitter follower that TD Waterhouse has updated their RDSP, and I wrote about that with TD Waterhouse RDSP, a step in the right direction.
- You do realize that it is 85 years since the great stock market crash of 1929, don’t you? This begs the important question When is the Next Big Stock Market Crash? The answer might surprise you, but some interesting data about the crash, worth looking at as well.
- Maybe we need to make sure we Define What Debt Free Means ? I think we do, because banks think Debt-Free means you don’t owe on your credit cards.
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