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Winter Doldrums

The Bleak Winter Days

This time of the financial year for me is always dark, not just because days are so short here in Ottawa:

  • My pay is lower due to CPP and EI coming back on line and sucking money out of my pay cheque.
  • Christmas bill hangover (I’ll admit it, I am guilty)
  • Planning for the new year and uncertainty about what goals there should be

This January Funk happens every year in my financial outlook, but I also then have to remember that if I have a good financial plan, I will be on the right track and success becomes simply an issue of implementing the plan.

Markets are Down, Time to Buy?

I have no idea, all I can say is that I see the price of many stocks dropping significantly, and I keep hearing analysts say, “Cash is King” (why can’t cash be the Queen?), but I have no idea whether we have “hit the bottom” yet for any stock. I watch in amazement with my readers and wonder what the right strategy just might be.

When Bloggers Meet

Another fascinating meeting of the N.C.F.B.A. last night with many interesting subjects discussed. Please avail yourself of this group of bloggers and their research, what they know about financial issues, you need to read.

Goal: Not Spending at work (Status)

So far so good, I have spent a total of $6.87 over the past 7 days at work, and that includes going out for lunch on Friday. I still have not purchased a coffee at work either (so you might want to sell your Tim Horton’s shares). I have noted very few extraneous withdrawals from my bank account for “walking around money as well”. My goal is to get through January and then see where I stand.

Feel Free to Comment

  1. You spent less than seven bucks in seven days… INCLUDING lunch on one day? What did you eat for lunch, a couple of grapes? Either dining out in Canada is a very reasonable enterprise which doesn’t lead to too much strain on the wallet, or you have some great restaurant options in your area. Oh, and thanks for the tip on Tim Horton’s impending doom… I fear your absence from the coffee lines gives us some insurance of a dip in TH’s stock prices.

  2. You forgot to mention that the Rideau Canal is in a horrible situation which prevents us all from skating on one of the longest (if not the longest) outdoor skating (rink?) facility in the world while drinking spiked hot chocolate to leave our worries behind.

    I feel for you.

    As for your not spending at work goal, I’m in awe. I can’t pass a day without getting something. Keep it up, I might get inspired.


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