Can your budget handle the 2015 TFSA annual limit change? : The Saturday Weekend Review #118

STASH MORE CASH IN A TFSA   Ottawa has confirmed that we don’t need to wait for the 2015 budget to pass to take advantage of the new TFSA annual limit for 2015.   TFSA Annual Increase   Saving may have gotten easier but you must have the cash if you want to take advantage of this 82% TFSA annual increase. The new TFSA increase means the lifetime contribution room is now $41,000 up from $36,500 and you can pack away up to $10,000 a year up from $5,500. That means if you’ve already made your 2015 lump sum contribution for the year you now have room for an additional $4,500. Not many people have a spare $4,500 or even the max $10k kicking around so don’t get too worried if your budget can’t handle the extra TFSA contribution room. If you have it, you have it, if you don’t you don’t. No sense stressing over what you can’t change. Unless of course you are able to work more hours to earn more or find getting a second job worth it. There were plenty of years I wished I could max out my RRSP and couldn’t because our budget just […]

How getting rid of junk will make you happier and richer : The Saturday Weekend Review #117

YOUR JUNK IS WORTH SOMETHING   It’s true that your junk might just be worth something although that something might not necessarily be for you. You’re not going to become a millionaire by getting rid of your junk unless tucked away you have something rare that you didn’t even know you had. If you are like most of us getting rid of junk especially if you sell it will net you a some form of profit which you can use to pay down debts or bring more junk into your home. The reality is that most people are happier with less stuff. The more stuff we acquire over the years and pack away in our homes tends to cause stress for some people who have an urge to want to keep everything clean but they simply don’t have the time. My wife is like this because she is what one would consider a clean freak. Yes, she loves everything to be clean before we leave the house. That means we make the bed in the morning, vacuum, clean the floors, no dishes in the sink and tidy up. I’m not talking about a deep clean just an organized clean that […]

At what age should your child get their first cell phone? : The Saturday Weekend Review #116

TIMES REALLY HAVE CHANGED   If you asked me today at what age I would give our son his first cell phone I would tell you it’s never going to happen. At least not from our budget. It’s hard to say no when your child is crying, begging and screaming for their first cell phone and lists all the reasons WHY they should get one, but do they really need it? Cell phone companies are getting rich from these types of kids and the parents who give in. A bit of background about my cell phone… I don’t own one and don’t plan to if I don’t have to. My first cell phone was one of the old cell phones from Samsung which was a flip phone with a camera and a few other bits and bobs. I was almost 30 years old. Back in the day it was a popular phone but as the years progressed it became something that you could smash and replace without remorse. People still use old cell phones but not as much as they rave about the smartphone especially when a new model comes on the market. It seems like just because something new […]

How we created Easter Weekend Fun For Mere Dollars : The Saturday Weekend Review #115

CREATIVITY GOES A LONG WAY   It was nice to have at least one day off this holiday Easter Weekend with my family. As Facebook is flooded with beautiful Easter photos it’s time for us to reflect on life whether it be for religious reasons of for your own reasons. My wife said to me her favourite holidays during the year are the days when everything is closed in Canada. She said she feels some sort of peace with the day as there is little to no stresses of daily living. It just seems to vacate for the day. I know not every business or operation is closed as we still need to run hospitals, fire, police, ambulance and so on but the majority of stores were closed Good Friday 2015. Although, if you are a fan of Tim Horton’s rest assured they were open yesterday and the long line-ups proved just how much money they are making when all the other coffee shops are closed. Many restaurants are open for the Easter Weekend along with some Shoppers Drug Mart stores. I guess it really depends on where you live so check your local listings. Come Easter Sunday again most […]

Mom wants limited Easter chocolate and healthier baskets : The Saturday Weekend Review #114

SAVE THE CHOCOLATE BUNNY   No, you won’t get an Easter basket filled with carrots and apples but some parents are cutting back on the amount of Easter Chocolate their kids are eating and receiving. Move over Chocolate Easter Bunny…Easter Peeps, Props and Crafts are moving in on you. Just last week while we were at the photographers getting our sons Easter Photos shot along with other parents. One of the mothers who was also getting Easter pictures for her son was getting him all excited about the Easter Bunny and of course he screamed “Easter Chocolate”. That’s when the conversation started! One mother to another Mother 1: My kids love chocolate too much and I don’t want family and friends going overboard this year. Mother 2: I know what you mean and to be honest I’m thinking about telling everyone NOT to put Easter Chocolate in the Easter gifts for the kids. Our mouths dropped…as we deflated into our seats as it felt like they just killed the Chocolate Easter Bunny. My wife says she remembers Easter chocolate being a huge part of Easter when she was a child. Her parents would hide Easter eggs all around the house […]

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