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.
This Week’s Finest
This week we had a uniquely Canadian headline with, “Man caught while trying to escape in a canoe”, we are a unique nation:
- Ever wonder if a heinous murder ever happened in your house? Try out Housecreep.com and check out whether your home was actually the Amityville Horror House (or a meth lab).
- Barry from Money We Have tries to help out the young folk with TFSA Questions From New Grads, good to see they are thinking about this.
- The Canadian Capitalist is still in retirement, but this week I got my new Capital One Costco card, which asks the question what are the Pros and Cons of a Costco Membership?
- Mark from the Blunt Bean Counter attempts to explain Crowdfunding, What is It? What are Its Tax Implications? I am still trying to get some money together for my new cat exercise idea (see photo beside).
- The Wall Street Journal has an odd article on How Technology can Help Work/Life Balance, but surprisingly my idea of losing the technology to get a life is not there?
- Michael James borrows from one of my favorite 80’s song (by Triumph) when he Lays it On the Line and shows His Asset Allocation, but the most important message he sends is that he is always thinking about allocations and refines his plan as time passes.
- Buzzfeed helped me out with 21 Incredibly Important Diagrams to Help You In Your Life, and there are a bunch of them that are very helpful (although the ripeness of an avocado one, is not as important to me).
- Mark at 2nd Career Search is semi-retired (currently) and shares with us How to Fund Your Retirement.
- The Canadian Couch Potato got my attention with a beer reference with Do You Have the Advisor Six Pack? Surprisingly no mention of beer in this article, but some good advice about setting up your portfolio (as usual).
- I must say that I do enjoy the free Zinio available from the Ottawa Public Library, suddenly I am reading magazines again (or at least leafing through them for interesting stories and pictures).
- What are Americans worried about most in terms of crimes? This interesting infographic points to the ominous, Credit Card fraud as the biggest worry.
- Gail Vaz-Oxlade points out that for many folks Debt is a Dirty Little Secret, and for many folks you’d never guess it was a problem, but it is.
- Marie from Boomer and Echo asks DIY Wills – Are they Ever a Good Idea? I think they are certainly better than having no will at all.
- Preet wrote in the Globe and Mail this past week and asked Will the New PRPPs help Canadians Save for Retirement? The answer (of course) is yes and no.
- What are the 10 Biggest White Collar Crimes in History? Read here to find out, and see just how much money got stolen without a gun being drawn. Bet you can guess what #1 is.
- Mark from My Own Advisor continues with his readings and now is giving stuff away as well with The Empowered Investor Book Review and Giveaway
This is some very deep stuff here, but it is very money related too (and Kangaroos can’t jump backwards):
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