Weekend Reading – Maxed out TFSA, RRSP; mental accounting, dividend raises 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.
I got around to posting these articles this week:
This was our latest dividend income update – April 2019. We’re on pace to earn….you’ll have to read the post to find out!
What are the best ETFs for your RRSP? Again, read on to find out!
Spring has finally sprung in Ottawa. It’s going to be a sunny, 13 degrees C, and a great day to be outdoors. I can’t wait to do that.
Best wishes for the weekend and see you here next week!
My dividend investor inspiration, MDJ wrote about how to manage your money when your RRSP and TFSA are maxed out. Geez, a great problem to have!
Robb Engen shared an article about mental accounting. I suspect we’re all guilty of it from time to time. I know I am. To help us with this over the years, we’ve come up with a very simple saving and investing approach of paying ourselves first and basically using any income leftover to spend and enjoy. This way, no guilt about spending any money on daily things we enjoy while looking after our financial future.
This means we treat savings for investment purposes to our TFSAs and RRSPs as bill payments – this is absolutely a better way to budget. We never see the money. We only spend what is leftover.
Here is a Canadian utility stock that has been outperforming the index – on Dividend Earner.
On that note, that stock (AQN) just increased their dividend this week, as did Telus (T) and Sun Life Financial (SLF). I hold all three stocks in my Canadian dividend portfolio. Those pennies on the share dividend increases this week collectively increased our dividend income by over $100 per year – for doing nothing. You can read more about how I built my Canadian dividend income portfolio here.
Save, invest, and prosper this spring!
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