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Frugality

The economics of your dishwasher

I was on Canadian Money Forum the other day and this thread that would not normally catch my attention, well, caught my eye: Dishwasher detergent, cost per wash The thread went on to describe or at least try and quantify the difference in costs using dishwasher powder compared to dishwasher liquid and further still compared to dishwasher packets/pods.  Yes, it appears a number of people have way too much time on their hands. Yet this got me thinking about many of the costs associated with your dishwasher, so let’s list a few: The capital ...

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Retirement

Still discouraged about retirement

Some time ago, MoneySense Magazine chatted with actuary and pension guru Malcolm Hamilton about retirement. In the article Hamilton stated the following: “I was cautious and now have more than I need. I have no good use for the money, although I might if we have another 2008.” At the time of the article’s print, Malcolm Hamilton was 63.  He works as a senior fellow for the C.D. Howe Institute.  He is one of Canada’s to-go experts for anything related to pensions and retirement. I have to wonder by making such a statement, if Hamilton ...

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Weekend Reading

Weekend Reading – Bloggers to follow, mentions, quilts, goals, wishes and more

Welcome to some fine Weekend Reading folks!  In case you missed it, here are the articles I published this week: I made these 2015 financial predictions. Here’s my take on some items to consider when transitioning out of the workforce. I shared this income update on our journey to retirement. Enjoy these articles over the weekend and we’ll see you here again next week! Here are some top Canadian personal finance bloggers to follow in 2015, thanks to RateHub.ca, one of my go-to sites for mortgage rates and credit card comparison shopping ...

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Dividend Income

December 2014 Dividend Income Update

Welcome to my final dividend income update for 2014.  For those of you new to these posts on my site, every month I discuss my approach to investing using Canadian dividend paying stocks and Exchange Traded Funds (ETFs), and how reinvesting the dividends and distributions paid from these holdings are helping me reach financial freedom.   You can check out my previous dividend income update here. For the year that was: The S&P/TSX Composite Index ended the year at 14,632.44, up about 7.5%. Not bad considering the selloff in oil and gas ...

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Retirement

Transitioning out of the workforce

I read a few articles in recent weeks that discussed some ideas to transition away from “working life” and into “retirement life”.   Here’s my take on where I think we’re headed on a few subjects regarding that transition down the road. Applying for government benefits I hope my wife and I are in a financial position to “retire” (i.e., work on our own terms, work part-time, other) in another 10-15 years.  We will not be old enough to apply for government benefits at that age.  We hope to retire from the workforce without dependence ...

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