It’s officially been one year since I started blogging here on Stretching My Money. Did I think I’d make it this far? Definitely not. But here I am, one year later!
In that time, I’ve written about many things, ranging from net worth updates, travel, favourite board games, and even our mortality. Who says personal finance blogs can venture into new territory?
In that time, I have personal favourite posts that resonated with many of you, and others that didn’t. But heck – this is my anniversary so I’m going to list my favourite posts from the past year, regardless of the number of views:
Continue reading “Blogging: One Year Later”
Why you shouldn’t fear the deadline.
March 1st. The day every year where Canadians rush to the bank to contribute to their Registered Retirement Savings Plans (RRSPs).
The benefit is real: contributions made before the deadline can be deducted from a Canadian’s taxable income in the 2017 tax year, which either reduces a tax hit or can generate a refund. Meanwhile, RRSP money grows on a “tax-free” basis (more on that later…), with the withdrawals getting tax deferred treatment in retirement at a lower rate (ideally, if you plan it right).
Continue reading “Stressed About RRSP Time? Try this.”
Don’t waste your hard-earned benefits.
Not so long ago, I was living in the proverbial millennial malcontent. Underpaid, underemployed, and feeling defeated. Whatever jobs I secured were usually on a part time or contract basis and missing things like benefits, vacation time, or sick days.
Even though I was young and healthy (I like to imagine I still am J), the reality was that I was always scared. Scared of the flu. Scared of slipping on ice and hurting myself. Scared of needing emergency dental surgery. I was acutely aware that any illness or injury could keep me unemployed and even more cash strapped.
Continue reading “Getting Paid to Monitor Your Health.”
Bad things happen. Best be prepared.
I have lived most of my life on financial edge. First it was school, then it was contract jobs. There was never a moment of financial stability until about 2 years ago when I transitioned into full-time employment.
In that time between steady job and what felt like drifting, I was a hoarder. I’d save as much as my pay check as I could and stick it in a savings account, watching it grow a measly 0.5% at the time (this is pre-discovery of Tangerine and EQ Bank). My savings allocations were basically 100% emergency fund, 0% investments.
Continue reading “Savings accounts & investment accounts – what’s the right balance?”