Bank Rates Hover in Canada Again
Explore the July 2011 rates from the Bank of Canada as it maintains its overnight rate at 1%. Understand the implications.
Cheque Writing to the Extreme
Really, for 4 Cents? After economic data yesterday, I figured I’d get back to my normal writing about Financial Things that really annoy the living crap out of me, and sure enough today another simple… Read More »Cheque Writing to the Extreme
Alcohol + Money = Nothing Good
Alcohol plus money is never a good pairing in this world. There are not many books written about “Great Financial Decisions made while Drunk”
The Locked In Factor
Feeling locked in isn’t just a tech problem—it happens in finance too. In this post, I reflect on how I ended up financially locked in by sticking with familiar but underperforming investment products like mutual funds in my kids’ RESP. Despite better options like ETFs being available, I stayed put out of habit, convenience, or the illusion of safety.
Inspired by the concept of technological lock-in, I realized this mindset also affects our financial decisions. We often cling to what we know, even when better alternatives exist. The key takeaway? Regularly re-evaluate your financial choices. Just because something worked before doesn’t mean it’s still your best option.
Keywords: locked in, financial decision-making, RESP, mutual funds vs ETFs, investment strategy, financial planning, Canadian finance
Security for Lent
Better Safe than Sorry Another thing you can add for your Lenten Financial Journey, might be to be more secure, especially with your passwords and your PINs. When was the last time you changed the… Read More »Security for Lent
