Welcome to another fine Weekend Reading edition! Hard to believe June is almost a memory and we’re reaching the mid-point of summer. Earlier this week I starting thinking about how to manage my small LIRA and I reminded you saying “we can’t afford it” remains taboo in most financial discussions.
Enjoy these articles about defriending, advice from Vanguard, how much money might make you happy and more this weekend. Take care!
Kerry Taylor said its simple to get confused about how much your paying in money management fees, and this comes up when she talks to friends. Kerry goes on to state the best way to lose friends is to help them with their finances: “The defriending process often begins when I agree to review a friend’s finances. By drafting a balanced financial plan that cuts spending, boosts debt repayment, and automates saving, I can turn a friend into a foe in minutes. Maybe a month.”
Vanguard has some advice on striking the financial balance. We’ve done what Vanguard suggests for many years now, determine some goals, dream a little and find a way to fulfill both of those buckets.
Michael James on Money provided some support to this post on my site. “We can’t afford it”, “I don’t want to go into debt for this”, “It’s not in our budget right now” all mean similar things to me from an outcome perspective – a choice has been made not to spend money on something given other priorities. I don’t think anyone deserves grief for that. You?
High Net Worth Canadians are holding more cash now.
Robb Engen wrote about the precious commodity of time.
Kudos to this woman on her 100th birthday. Her secret to longevity? Drinking beer. There’s hope for me!
Start Thinking. Stop Doing. Advice from Sustainable Personal Finance this week.
According to this article, ‘not so smart’ Canadians are falling victim to a CRA phone scam.
Big Cajun Man continues to dislike debt.