20 Cents from March 2010

By 2 Cents on April 1st, 2010 | Category: 20 Cents | One comment

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 throughout the month. If you want to follow me on Twitter, I’m @BalanceJunkie. Enjoy!

1. Man vs. Debt had a guest post from Carmen on 8 Effective Ways to Raise Frugal Kids. There are some great ideas here, but I don’t see many of the parents I know implementing them. That makes it a lot harder for others to try them out. I guess #4 (socializing with like-minded families) would help a lot.

2. If you want to elicit angry and sometimes downright nasty comments, mention anything to do with [...]

Read on and enjoy … 20 Cents from March 2010

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Should You Take Money Out of RRSPs to Pay Off Debt?

By 2 Cents on March 9th, 2010 | Category: Planning | 5 comments
RRSP vs. 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 of Financial Planning  Edition #133 by The Skilled Investor. Thank you!

I’ve had a lot of inquiries about this lately, so I thought I would address it today. I’ve written about RRSP Basics and RRSPs vs. Paying Down Debt, but these articles dealt mainly with general issues and new contribution money. I haven’t directly addressed the question of whether or not you should actually withdraw money from existing Resgistered Retirement Savings Plans in order to pay down credit card or mortgage [...]

Read on and enjoy … Should You Take Money Out of RRSPs to Pay Off Debt?

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