EQ Bank Savings Plus Account

Covid-19, Stay Home and #MoneyTalk

Haven’t done this for a while, but I do have a little more free time as well. So let’s start with the best joke about this year so far.

I’d like to return this year (2020), I don’t like it and it isn’t doing what I want. It is within 90 days and I expect a full refund, or at least store credit.

The 2020 Dad Joke

How are you all doing? I hope you are doing well, and if you are still working, I say Thank You, for that.

If you are not essential, STAY HOME! This is what you can do for your loved ones and yourself, STAY HOME! I cannot visit my Mother or my Brother because I could kill them, I don’t know if I have been exposed or am a carrier, so I STAY AWAY. I want to go see them, but I know I could kill them, so I stay away.

Toilet Paper?

Stay home and don't hoard toilet paper

So the one thing I will remember about this vividly will be the folks who have hoarded Toilet Paper. I hope that they have to use all that toilet paper in a very short time. Remember COVID-19 attacks your lungs, it is not a stomach flu. On this date (March 27th) I continue to look for another pack of TP, but Costco was out.

Feels like an episode of M*A*S*H when their supply lines got cut. I suppose that makes me Klinger (or Frank Burns). Lighten up folks, let’s let everyone wipe their derrières safely.

I also have heard from every place that ever asked for my email address (it is a HOTMAIL address which I usually ignore). Everyone is telling me how they are trying to help me be safe during these times. Thanks?


Past Writings

So it has been a long while since I have written one of these, so we have a long list to wander through.

  • COVID-19 Are we F*cked ? OK, so the title was a little click-baity but I had to write this down. Sometimes these thoughts need to be put in print to see where we stand. Apologies for the rant and salty tones.
  • RDSP Statement of Grant Entitlement 2020 yes another year has passed and the government has told me how little they will match in terms of my son’s RDSP. It’s free money, but it will increase over time.
  • Reflections on 15 Years means I have actually been doing this for more than 15 years. I am attempting to rewrite, edit and delete many of my older posts.
  • Impact of COVID-19 on Small Business and Self-Employed my daughter is a Chiropractor, and she offered to write a piece on the impact of this thing, on her financial and professional life. I think I may have a few more posts from her in the future.
  • Financial Disaster Plan would have been good to have one of these before all of this, but maybe it is time to write one anyhow?
  • Aging Family Members and How to Deal with their Real Estate was another Guest Post done for me, that I really like. Sean writes about things happening in my life right now.

There are more, but you can go check them out on the site. As you can see my writing rhythm may be returning (for good or bad). Hopefully more from me in the coming weeks.


Become a Tangerine client today

Financial Reads for Troubled Times

I give you an excellent reading list of articles to help you get through these troubled and worrying times.


Tweet of the Week

For those that have not noticed, Squawkfox has not been around much, and that is because she has been battling with Cancer. She is a friend, and I hope you all send her good thoughts and love. She is one of the reasons you should stay home!

Oh, and if you are on Twitter a lot please add The Canadian Cyber Center, they are the Internet Watchdog, so watch them.


Video of the Week

Speaking of our old amigo Preet B. here is a helpful video with resources for you to help you out, during these troubling times.

Thank you Preet B!

2019 Random Thoughts

{ 7 comments }

Reflections on 15 Years

So I started writing this Blog 15 years ago (March 17, 2005). It has been interesting and thanks to it, I have met many wonderful writers and personalities. I have also had many kind comments and queries, and for that, I thank my readers as well. It is an auspicious day to be celebrating given the current Pandemic conditions and it being St. Patty’s day.

I think I have learned a great deal about SEO (mostly what not to do), a fair amount about money and investing (mostly I don’t know what I am doing, and need help) and mostly about life. I have written through:

Reflections 15 years
That’s a lot of writing

It has been an interesting 15 years, and I don’t think I am going anywhere, I will keep writing. I am meaning to write more, but we shall see whether I ever return to writing 5 articles a week.

Thank you all for reading along, and all my best.

{ 0 comments }

Dusty Typewriters and #Moneytalk

It has been a long while since I have written one of these, so I figured I’d dust off the old Olivetti and bash one out. I can already here the, “OK Boomer“, comments being sent. For those unaware Olivetti made portable typewriters. Typewriters were after pen and paper but before the Interweb.

Olivetti Lettera 22, Yes I have used this too!

What have I been up to, that I no longer pump out 5 articles a week? Life, mostly. As a proud member of the Sandwich Generation my life enjoys interesting sidetracks with my Grandkids, Children, and my Mother, all of which are important. I still have a backlog of about 300 articles in various states of publishing, so there is plenty to work on, just need the time.

For those who may look at my archives, I have actually been deleting a lot of older material that was just bad (in my opinion). Some of it really did not stand up over time.

This site is allegedly running on a better and faster platform. That remains to be seen, because it still loads pretty slowly on a PC or Mac. On a phone it seems OK (yes, there is a special smartphone version of this site!).

Election?

I am curious to see how the Minority Liberal Government goes about business. My guess is this will last about 2 years, unless there is a horrific scandal for one of the parties, in which case we might see a rare snap Winter Election! Minority governments do little, which is fine by me.

Recent Articles

Recent is a relative statement since I have written only a handful of articles this year. I’ll give you some of my stuff that I think you should read.

Movember is here, and a few years back I had a nasty episode, that scared me, but unfortunately this year I mark Movember with the passing of a dear friend from prostate cancer. Men need to see doctors, and not just to get blue pills.

The New Ontario Autism Funding system isn’t going to do much for me. I wish it paid for my son’s school, so I could actually think about retiring, but that will never happen.

I was really happy to see that the Marriage Preparation course my youngest daughter took had a section on Finance and Money, but I think it could have gone a bit farther. Money is the one thing that can destroy any relationship, so both parties need to enter the relationship with their financial eyes open.

The luxury that the rich have is that they can make financial mistakes and recover, and with 5 Mistakes Rich Folks Make I was trying to get that point across. If you don’t have a lot of wiggle room, don’t take risks financially.

I do have a technology blog where I write even more rarely so Banking Security delves into that area of technology to do with Financial Technology (I don’t like FinTech it is too kitchy a term these days). The security was OK, but can always be better.

Ellen is Back

Friend of this site Ellen Roseman has returned to blogging, or retired to it? She isn’t really retired, she just seems to have stopped writing for newspapers as a job, but is doing lots of other fun and cool financial stuff. A good tweet from her about Insurance folks.

A good reply by Ellen

EQ Bank Savings Plus Account

Financial Winter is Coming (again)

I have continued to read many different writers, and I try to expand my horizons as well. If you keep reading the same authors, how do you learn about new things?

  • Michael James wrote about Correlation and when he talks about mathematics and large data, you really should listen to him. The clinching statement that should make you read this is, “… It’s impossible to know the correlation of two investments exactly. …”
  • Robb Engen of Boomer & Echo has officially gone off his nut! OK that is click bait but he has quit his “day job” to work full time on the stuff he likes doing. Good for him, maybe I should start doing the jobs everyone is quitting to become bloggers? Oh, I forgot I already am, I am a Civil Servant.
  • John Robertson is Taking Leave for a different reason and that is to take care of a loved one. Looks like he has a plan on how this is going to work, and he knows what he is sacrificing, but I admire him for what he is doing.
  • Christine Benz wrote a piece on Morningstar that made my blood boil, titled Not OK. Evidently a door to door financial advisor had hooked her sister who has an intellectual disability into consulting with her. Read the story it really disturbs me that people try to make money this way.
  • As I get closer to being a Senior Citizen, I keep wondering when the discounts will start, Rob Carrick wrote about The sad reality of seniors discounts. I do get cheaper coffee at McDonalds, though.

Preet brings you (through Tangerine) some help understanding Passive Investing.

Haven’t seen him look that Pensive since his last Scotch Tasting

You sure you recognize Fake news?


The 2019 Random Thoughts

My RSS feed is available.


No-Fee Scotiabank Value Visa

{ 2 comments }

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 prognosticate is pretty bad.

Gas prices are rocketing up in Ottawa, which suggests Inflation (or at least a higher CPI) is coming very soon. With the Carbon Tax there is talk of gas in Ottawa being $1.40 this summer. Maybe it is time to start looking at the Tesla again. We might all need to get a more frugal lifestyle, and soon.

With Brexit causing the UK no end of despair and confusion, this could be a very interesting summer financially. I don’t pretend to understand it all, but it does seem to be a “no win” scenario.

Remember that it is Tax Season, time to get all your documentation and get your return in to the CRA. If you owe money, you don’t have to pay until the deadline and if you are owed money, the sooner you get that money back, the better. Be patient if you call, wait times can be long this time of year.

Recent Articles

I am slowly getting back into the swing of things, but life is still quite interesting for me these days. 3 Ways To Pull Off This Season’s Coolest Financial Trend was really just a bit of click-bait. I really hate to think this is how folks are finding out information, but unfortunately click-bait continues to rule.

RDSP : A Really Long-Term Savings Plan points out with an actual example how big the penalties are for RDSP early withdrawals. I do have a few other examples of how the RDSP system works, so stay tuned.

I’d like to thank the Liberals for this easy tap-in story, RDSP and Budget 2019. They were kind enough to put in a clarification and a change of rules in their latest budget. I still haven’t got a definitive statement that this is now the law of the land, but we shall see.

Troubling and True

Kerry from Squawkfox has a very good point with this answer to a Tweet. Literacy is very important, but sometimes life serves up a big feces sandwich.

EQ Bank Savings Plus Account

Spending Habits

Interesting that two of my favorite reads had articles on spending habits in retirement. It is interesting to see life-time savers and frugal folk suddenly realize they have to change a habit they have had their whole life.B

  • Michael James (who surprisingly is not the most frugal person in his family) brings us Compensating for Your Money Personality. The word cheap could be used to describe someone as frugal as MJ and his wife, but that is not the right word. I think the word I’d use is driven, which explains things much better.
  • 2nd Career Search has returned from a stay in Florida, and he also writes on the same subject. Saver to Spender Transition explains how he and his wife had to learn to “loosen the purse strings”. If you don’t understand this, think of the chronic overspenders you know, and how hard it would be for them to become frugal.
  • Hoyes Michalos has made a documentary about Millennials & Debt – No Room to Maneuver. I am concerned about the life my children will be able to lead, and this does not help me sleep any better.
  • The Blunt Bean Counter gets into the spirit of Tax Season with The Top Tax Tips for Students. If you don’t take tax tips from an accountant, who should you take advice from?
  • Should you invest in pot stocks? How do you invest in the cannabis sector? That is a good question, my guess is I might enjoy some of the fruits of this new magic herb, but I doubt that I might invest in it directly.

The spring is coming, but slowly in Ottawa, but our friends from the UK might not believe it.

Our friends from the UK may not enjoy the Ottawa Spring

A Worrisome Tweet

Bankruptcy is a Growing Business

The 2019 Random Thoughts

My RSS feed is available.


No-Fee Scotiabank Value Visa

{ 0 comments }

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.

Lent
Lent

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
EQ Bank Savings Plus Account

🎱 For more personal finance stories click here 🎱

{ 0 comments }

%d bloggers like this: