TurboTax and a Quick Review
Is turbotax worth the price you pay for it? For now, but one day the government will give us a tool to do it ourselves for free.
RRSPs, Valentines, 50 Shades of Debt and #BestOfThisWeek
RRSP season is still ongoing with 16 days remaining to contribute to an RRSP account. Valentine’s Day weekend is a reminder to love without bankrupting oneself, despite pressure from the diamond industry. In light of the release of 50 Shades of Grey, the writer muses that sex toy sales could experience a significant boost. He commemorates his 2,700th post and shares his writings for the week. These include topics on Canadian part-time jobs, retirement, the concept of money being equivalent to love, and transitioning plans for a business.
Going to the Gym to Work on my Retirement
Big Cajun Man emphasizes the importance of considering one’s health parallel to finances while planning for retirement. Regardless of the ease of pension planning for civil servants, if one is unfit or deceased, all the financial preparation is meaningless. He emphasizes regular exercising, in his case going to the gym, to sustain healthy knees and heart in elder years. He also implicitly discourages smoking by correlating it with his father’s immobilized retirement conditions and urges smokers to redirect their smoking expenses towards retirement and start exercising.
More Part Time Jobs in Canada in January
According to Statistics Canada, the country’s employment saw an increase of 35,000 jobs, predominantly part-time, causing concerns over worker benefits and job security. Over the past 12 months, employment rose by 0.7% with majority of the growth happening in the second half. In January, part-time employment spiked by 47,000 while full-time saw no significant changes. This trend of rising employment, driven mainly by part-time roles, has been prevalent for the last five years. The growth was largely attributed to women aged 55 and over, suggesting older employees are increasingly filling part-time job vacancies.
Superb Decisions, Gas Going Up, Rugby and #BestThisWeek
Being a fervent football enthusiast, the game on Sunday emphasized the criticality of making prompt and confident choices, as anyone who witnessed the match can attest. Despite some justifications, it’s hard to deny that it could be one of the worst play decisions ever made, even surpassing Pickett’s Charge at Gettysburg. However, the game was entertaining, but what gave me immense pleasure is the fact that the Giants remain the only team to have defeated the Brady/Belicheck Patriots in a Super Bowl. Regarding finances, it’s imperative to remember not to count our chickens before they hatch, as one erroneous decision can wipe out all our hard-earned money in no time.
Did you realize that the man who brought us Ketchup Potato Chips died this past week? Did you know he was Canadian? Herman Neff (a German immigrant) is that man, and I for one, thank him for that forbidden snack flavor.
Gas prices in Ottawa have jumped about 15% over the past week, and look like they will not be slowing down any time soon, which will make for very interesting stats on Inflation next month. Even with Oil going up in price, the Canadian Dollar has not started to rebound, which could make for some interesting “re-thinks” on the part of the Government in terms of tax breaks and such.
The RBS 6 Nations Cup starts today, with England playing Wales, and I’ll be watching (somehow). In 1972 the (then) 5 Nations Cup ended up tied each team went 2-2, so they all shared in the championship.
My Writings for Week Ending February 6th
Back to my regular 2 a week schedule, which is interesting because right now I have about 175 unfinished articles sitting in my “drafts” folder, I should have a contest to have a lucky writer finish one of those fine topics :
- I think a financial fit bit might be a cool thing to have, or at least some kind of interface to monitor spending, that maybe shares with your spouse, you spending habits?
- Car Insurance Savings Devices is me being a paranoid consumer, but there is an excellent (and civilized I might add) discussion with “Chris” who works in the industry about how this might all work. Well worth a read.
- One of my favorite old stories is the Financial Shock Collar as a spending control device. My view is that any time I can add Star Trek (the original series) into an idea, it makes it much better.
- CLBs, Weak Loons, Tax Time, Superb Owls and #BestThisWeek
