The following is a guest post. While it speaks to American consumerism, there may be some food for thought for debt-laden Canadians here too. The economy is in shambles, and while many would like to blame the deterioration of our economy on big government and big business, a large percentage of the blame also lies… Continue Reading
Tag Archives: Debt
20 Cents from October 2010
I hope everyone had fun on Halloween. (I’ll probably be living with a sugar hangover for the next couple of days.) There were too many great articles this month for me to include even a fraction of them here, so I tried to choose a selection that included some new sites that you might not… Continue Reading
20 Cents from September 2010
Another month has passed all too quickly and it’s time to round up a few of my favourite articles from September. How quickly 2010 is slipping away! It seems like just yesterday I was writing up a few ideas on 2010 What Ifs for the New Year. Now it’s time to start thinking about what… Continue Reading
5 Financial Bubbles: Are We Facing a Bubble of Bubbles?
Economic advance is not the same as human progress. ~ John Clapham Update: This article was included in the Carnival of Personal Finance #267 at Beating Broke. Thanks! We’ve heard a lot about bubbles in the economic world over the past decade – so much, in fact, that it seems like we might be facing… Continue Reading
Civil Unrest: Where’s Mom?
I will not be as those who spend the day in complaining of headache, and the night in drinking the wine that gives it. ~ Johann Wolfgang von Goethe Capitalism’s 3 Children are at it again, and this time it’s much more serious. We’re no longer talking about name-calling and spit balls. We’re dealing with molotov cocktails… Continue Reading
20 Cents from March 2010
Here’s my monthly gathering of 10 of my favourite articles from around the web. The bad news is: there are usually way more than 10 articles that I could include here, so some great ones inevitably get missed. The good news is: I just joined Twitter, so I’ll be able to share articles with you… Continue Reading
Should You Take Money Out of RRSPs to Pay Off Debt?
Retirement: It’s nice to get out of the rat race, but you have to learn to get along with less cheese. ~ Gene Perret Update: This article was featured in the Money Hackers Carnival #108 – Dare or Truth! at Eliminate the Muda. Thanks. I love that theme! It was also included in the Carnival… Continue Reading
RRSP vs. Paying Down Debt
Today, there are three kinds of people: the haves, the have-nots, and the have-not-paid- for-what-they-haves. ~ Earl Wilson RRSPs work best for the haves. The have-nots might be better off starting with TFSAs, and the have-not-paid-for-what-they-haves should pay down debt first. That would pretty much sum up my general view of using RRSPs. I recently… Continue Reading