Thoughtful Personal Finance
Our happiness depends on how we see ourselves relative to others. We look at the houses our friends and neighbours live in, the clothes they wear, the vacations they take, or the cars they drive. Unfortunately, it's becoming easier and easier to compare ourselves to strangers. The problem with these comparisons is that the appearances … Continue reading Don’t Compare Yourself To an Illusion
Living in a paid-off home can be a nice way to keep your expenses low in retirement. All you need to worry about are property taxes, maintenance, utilities and insurance. But what if your home is really valuable? You might own a detached house in an expensive city. Or, you might live in a home … Continue reading Should You Sell Your Home and Rent in Retirement?
The federal government recently projected a $343 billion deficit for the current fiscal year. Predictably, everyone seems to be freaking out. That’s not a surprise. $343 billion is a lot of money, especially if you aren't used to thinking about government finances. Imagine taking out a $343 billion mortgage! This has lead to all sorts … Continue reading Is a $343 Billion Deficit a Big Deal?
Are dividends magic? Some investors seem to think so. I get it, dividends are easy to love. It's nice to think that you could live off dividend payments without ever needing to sell any of your stocks. But should your investment strategy focus on dividends? Dividend investing strategies generally either target companies that have high … Continue reading Is a Dividend Strategy Right for You?
Before I get to saving you money, I just want to note that Frugal Fake Economist has made Feedspot’s Top 50 Canadian Personal Finance Blogs and Websites for Canadians in 2020. Thank you Feedspot! Food is probably one of your biggest expenses. As you can see in Statistic Canada’s graphic below, the average couple spends … Continue reading How to Get Your Food Expenses Under Control