Things I Never Cheap Out On (Part 2)

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Last week I talked about something very anti-frugal: the concept of purposely cheaping out on things as opposed to buying high-quality and potentially long-lasting things.

However, there are just some no-go things when it comes to spending money, where I will spend obscenely larger amount to get the highest quality I can. Some of these items are just basic common sense, whereas others you might think are a bit borderline – I’ll let you decide.

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Things I Purposely Cheap Out On (Part 1)

And there is something about drugs in here, I promise.

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Frugal folk are all about quality. That means buying things of excellent quality and workmanship because they know it’ll last longer or taste better than the cheap stuff. It’s simply a matter of ROI – why buy something for $1 that might break any minute when you could spend $10 and keep it for life?

However, we all have our vices when it comes to cheaping out on things. And personally: I cheap out on quite a few…

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The S&P 500 is at all-time highs. Should you sell?

Short answer: No.

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Index investors have much to be pleased with, particularly those who bought American.

The S&P 500 has rocketed to all-time highs in recent weeks with NAFTA negotiations trending positive and solid corporate earnings. At the same time, journalists, investors, and regular people alike are all talking about how the bull market is on its last legs.

“Be careful. You should sell. I don’t think there’s much room left to grow,” said a colleague to me as we chatted personal finance. We were talking pensions casually when the conversation shifted to ETFs and index funds (he is all in on real estate, by the way…).

As he walked away, I smirked, but I had a second guess moment: what if he was right?

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August 2018 Financial Update

My best month yet.

August 2018

The final month of summer came to a close and with it some below average spending amounts coupled with a three paycheck month and a surprise cheque (more on that later…). It’s months like these that make me smile!

Savings came from reduced spending with my girlfriend out of province for the month and reduced entertainment expenses. When the outdoors are so nice, the amount of free activities to partake in is incredible!

Overall, I spent $1,874.58¬†this month for a solid 80.78% savings rate, which is the highest I’ve ever had in a month.

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Buying Lunch is Killing Our Wallets.

How I went from every day food court guru to weekend batch cooker.

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Mm… Food. There’s nothing that makes me happier than eating a delicious meal that makes my taste buds happy, my stomach feel satisfied, and my energy levels feel replenished.

My favourite meal of the day: Lunch. Trust me, I got nothing against breakfast, brunch, dinner, or dessert. It’s just the timing of lunch is so perfect. It’s really the only meal you can look forward to consistently every single day of the week. Breakfast you’re probably super groggy when you make it, dinner you just want to get over with at the end of the long day, and dessert is fun, but just an indulgence.

But lunch. It’s the one that signals: “BREAK!” It’s the perfect excuse to go for a walk, sit in the sunshine, and recharge the brain and body. Plus, it’s also one of the few meals you might be able to cheat in your favourite fast food meal without anyone else really knowing.

Continue reading “Buying Lunch is Killing Our Wallets.”

Financial “Consideracy” Does Not Exist.

And why your friends will appreciate it.

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My girlfriend sent me an email at 4:00AM from Montreal listing what she had spent on the day to celebrate her friend’s bachelorette:

“Hotel + pointless favours = $275
Lunch = $15
Dinner = $60
Club cover = $15
Poutine = $5
Drinks = $5″

And that was day 1. She had resided to spending over $500 for the weekend so she could be a good friend.

Now her friends are nice people. I’ve met them, even went to school and worked closely with one of them, but their desire to give their soon-to-be-married gal pal an experience of a lifetime cost a lot. Maybe not to everyone, but to at least a few people in the group.

So let’s talk about that today with a term I like to call “financial consideracy”, which I define as being considerate to other people’s finances in the spirit of inclusivity (and yes, I know it’s a made up term).

Continue reading “Financial “Consideracy” Does Not Exist.”

My Top 5 Borderline Bizarre Frugal Hacks

I’m borderline bizarre, but who isn’t?

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Canada got rid of the penny, but the penny-pinching philosophy is alive and well with me.

Frugal people everywhere do bizarre things. Some have spreadsheets calculating dollars per calorie others ditch their houses and live in RVs.

The thing is: those things may appear bizarre to us, but it’s not bizarre to them. It’s a conscious choice they’ve made to become their best frugal selves. And for the record: we are all guilty of bizarre habits. Some people are crazy about folding clothing a certain way, or keeping their book collection meticulously alphabetized (in my youth, I also used to organize all my VHS tapes by production company. Suffice to say, no one could ever find anything but me) – and there’s honestly nothing wrong with that.

So really: we’re all a little weird. And that’s okay. I also do weird things, specifically around saving money and I welcome you to judge me because really, our oddities is what makes each of us special.

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