Weekend Reading – High debt, no single way to manage debt, food prices on the rise, and more #moneystuff
Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
This was my post from this past week:
In non-financial news Arizona is now out the NCAA tourney. I didn’t see that coming! Thankfully my Final Four bracket remains intact. Go Virginia!!
Enjoy the following news and these articles this weekend. Take care.
The folks at Steadyhand said the combination of low interest rates and our high debt loads will not last forever. I’ve been hearing this for years but the party is not over – yet.
Interesting data here from Dalhousie University on food prices. It was interesting to read the following:
“In 2018, food prices in Canada are expected to rise 1% –3%. This is a slightly lower estimate than last year’s forecast, but still higher than what we have experienced to date in 2017. Annual food expenditure for a family of 4 is expected to rise by $348 to a total of $11,948 in 2018.” When I look at our family of two, we budget about $600 per month for groceries and try and stick to that. Sure, we could coupon-clip all the time and likely spend $100-$200 less per month but we’d also eat more processed food. That’s doesn’t sound very good to me. What do you spend per month on groceries?
- Enbridge (ENB) is taking a massive beating.
- Canadian Utilities (CU) is tanking.
Do you believe this signals a time to buy or sell? I would be interested in your take.
Get Rich Slowly shared a few types of retirement. My wife and I are getting closer to the semi-retirement goal – striving for an optimal work-life balance. I will certainly want to work for many years to come but I would definitely love to do it on my own terms. I just can’t right now, not yet. Hopefully in another 5-10 years if things work out. We’ll see… When we reach this point we’ll know we can call it quits.
Half Banked believes there is no single way to pay off debt. I would agree with that – given most Boomers, Gen Xers, and now Gen Y likely carry some form of debt or have carried debt. The key is to manage it or it will probably manage you.
Canadian Mortgage Trends wrote about ways parents can help their kids to buy homes. Are you (expletive) kidding me?? This was not even close to being an option for my sister (or I) when we were younger. We were told to get out of the house, get an education (at least a degree), work hard and go get a good paying job. Then maybe you can get your own home. I’m glad we both followed their advice.
Have a great weekend!