How do You do your Taxes?
How do you do your taxes ? Most years are pretty much the same for me, thus I use this post as a template to work from each year.
Bank of Canada
COVID-19 Are we F*cked ?
Are we financially f*cked with the COVID-19 Pandemic ? Right now, yes, but can we and the economy recover from this? That remains to be seen, maybe these are new times.
How to Motivate Savings
Consumers rarely do anything unless they feel they get something out of it. I keep wondering what savings motivating system banks could put in place?
Canadians are notorious for loving rewards systems, where they can accumulate points for later purchases, maybe something like that? A points system that would pay more monthly, the more money you had in your savings account?
I think I am on to something here, if banks paid people these points that they could use to purchase things, that might motivate people to save more money.
A Savings Motivating Refinement
What if this point system allowed you to swap points for money? Better still what if you didn’t accumulate points for having more savings, you accumulated money? Money that would be added to your account balance, and then the next month you might accumulate more money because of this added money?
This is possibly the greatest idea ever to motivate consumers to save money, isn’t it?
Read More »How to Motivate SavingsInflation at 2011 Levels ?
We found out that Inflation is now at 2011 Levels, at 3.0% on a year-over-year basis. So what? Remember the Bank of Canada’s ideal rate is 2.0%, so this will most likely reinforce another Bank… Read More »Inflation at 2011 Levels ?
Inflation Still Under 2 Pct (for now)
The Consumer Price Index for the period ending September 2017 is 1.6% (year over year). The Bank of Canada’s goal is to keep the inflation rate under 2.0%. The Bank’s own measurements have inflation running… Read More »Inflation Still Under 2 Pct (for now)
