Opening up, May Day, COVID19 and #MoneyTalk
Great financial updates, talk of May Day, and an update on some Canadian Finance statistics as well. Well worth a weekend read.
Unemployment Spikes, Easter and #MoneyTalk
Unemployment jumps tremendously during the Pandemic and signs are things will not get better. This and lots of other great financial articles.
Financial March Madness, Changing Frugal Lifestyles and #Moneytalk
March Madness is in high gear with the Elite 8 going on this weekend. As usual my bracket cannot win even though I still have 4 possible victors in the final four. My ability to… Read More »Financial March Madness, Changing Frugal Lifestyles and #Moneytalk
Lent Begins and #MoneyTalk
Today is Ash Wednesday and that means in the Christian world that Lent Begins. For many folks this is a time of reflection, and a time of sacrifice. I don’t really buy into that, I view this more as a time of reflection and growth.
This Lent try to add things to your 40 day journey to help you grow as a person. Some great financial ideas might be:
- Read. Read financial books, read philosophical books or just read something. Reading expands your mind.
- De-Clutter: I really like this idea. Many Churches are jumping onto the Marie Kondo de-cluttering bandwagon. Try to get rid of 40 bags of things that you can donate to charity. Don’t use it as an excuse to buy other crap though.
- Get out of Debt. If you want to celebrate at Easter, start getting rid of debt now.
Did you realize that the 40 days of Lent means you can take every Sunday off? Do the arithmetic, from today until Good Friday, that is more than 40 days.
Recent Articles
I haven’t written one of these in a while, so I do have a bit of a backlog on things I have written. Stock Picks for the end of the year, was me simply checking what my picks did over the year. I think it is not too bad, given the whacky year 2018 was.
Tangible Financial New Years Resolutions was pointing out the importance of doing measurable resolutions for the New Year. Yes, it has been a while, since I wrote one of these. CPP and EI for 2019 gives us the rundown on how much we’ll have to pay for CPP and EI this year. Remember to be careful telling folks when you have finished paying CPP.
Are we Exposed on Banks in Canada? Currently most Indexes do seem to include a lot of financial stocks. How important is your Credit Score? More important than your blood pressure levels? No! How about When to Use a Pay Day Loan Service? Never! See a trend?
Pay Taxes or Your RRSP ? Too late to decide now, but still an interesting question. I grow weary from the The Anti-Virus Shell Game, sometimes cheap, most times too damn expensive.
RDSP Statement of Grant Entitlement 2019 is our yearly report on what we can put in my son’s RDSP.
Money Deep Thought
The Daily Stoic an email list I subscribe to had some very good advice about debt.
Be wary of debt. Because it is not simply a financial matter. It can be a spiritual matter as well. For to owe can mean to be owned. It can mean that you’ve given up the little bit of control you have in the world and handed it over to a capricious or an insensitive person—or just somebody who values their money more than they value you.
— The Daily Stoic
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Christmas Treats, RESPs, The Markets and Polkas and #MoneyTalk
With Advent upon us, it is not much time until Christmas will be here (and then gone). Did you realize there is actually a Financial Advent Calendar on this very site? You can consult it here.
With interest rates slowly rising, is it time to rethink short term savings? A good example is your RESPs for your kids. Should you be thinking about using GICs to ensure the money grows slowly but safely? Can you even use GICs in your child’s RESP? All good questions. Now you can get GICs with interest rates above 2%, maybe you should at least be putting your kids’ Grant money and put that in there? Remember it is near year end, if there is room still left you should put a top up to get to your $2500 yearly maximum payment to the RESP.
My view of the Stock Market is it is currently having a shart. If you are unclear on what a shart means, please clock on the link. This shart might become something worse soon, given the trade stupidity going on, but for nice it is a mess caused by someone thinking they were only letting off gas.
Are planning on playing the Christmas Money Polka this season? It’s a simple game where you have bought many things on credit, and when the bill arrives in January, because you didn’t budget well you take the cash you got from family and pay off some of those bills. The money just goes round and round, and at the end of it you feel sick (just like a Polka), and broke.
Did you start your Emergency Fund with the idea that you were going to pay off Christmas with it? That’s not an emergency fund, that is a Christmas Fund. Maybe you should have both? Remember starting to plan for Next Christmas can start before this Christmas. You will have a better Christmas perspective now, than in July next summer.
Recent Articles
I really need to read letters more carefully, as I ended up blundering my way into a very large tax bill because of my inability to read letters well. I outline the predicament of my own creation in CRA and me: Assessment Excitement, the CRA was very helpful is the moral of this story.
Podcast of the Week
Finally you get to see what I actually look like, and you may realize why I have commented that I have a face for Radio. I do like the preview photo makes you wonder what I was thinking.
