In case you haven’t noticed, the markets have been taking some wild swings lately – starting Monday when the Dow Jones lost 1,000 points before recovering the next day and then ending the week nearly 800 points up from the low on Monday (now being called “Black Monday”). I used the temporary dip to buy some undervalued stocks and I’m looking forward to increasing the monthly dividend income even more in future months. Did the market swings cause you to buy/sell?
My most popular post in a while has been when I wrote about how I made a frugal fail – hiring a house cleaner instead of doing the cleaning myself. Sure, I could easily spend the time every week cleaning the house but I would prefer to free my time to do other things – pursue hobbies, spend time with family or just relax. Would you consider getting a house cleaner?
With the federal election coming up I’ve noticed a lot of the politicians have been relatively silent on topics like the Tax Free Savings Account. Here is a summary on where each party stands on financial issues (including the TFSA).
Here’s an interesting story about a single mom with a six-figure salary who should be affluent but is anything but.
Auto loading your loyalty card is usually not a good idea for many reasons, and Alan writes about his Starbucks experience here.
With the start of the school year coming up many recent graduates are set to start tackling their student debt. The Financial Post reports that the average student graduates with about $24,000 in student debt.
Robb Engen describes his kids’ summer activities. Sounds like a great summer and not all of the activities cost money.
Speaking of student finances, it seems like many students aren’t able to make it through the school year without borrowing money, and CIBC reports that 51% of students hit up their parents for more money last year.
Here is an interesting (and somewhat depressing) stat: the Fraser Institute is reporting that the average family spends more on taxes than basic necessities. I would assume this includes all types of taxes like sales tax, fuel tax etc. and not just income taxes.
Another great story of an NFL football player, Ryan Broyles, who has been very smart with his money and lives on $60,000 per year in order to save for his retirement despite his most recent contract for $3.6 million. Since 78% of NFL players declare bankruptcy within 5 years of being retired, he is hoping to go against the grain and save his money. Smart guy!
Des from Half-Banked writes about why she is glad she invested right before the market downturn. With a solid strategy and long timeline her investments seem to be on the right track and temporary dips in the market become meaningless over a span of 30 years.
Barry from Money We Have writes about some tips for recognizing a bad financial advisor – and there are quite a few!
Have a good weekend!