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Money, money, money
Mar. 22nd, 2004 03:45 pmI'm sorry, Debt Free by 30, but there's a new book in town: The Money Book: A Survival Guide for Canadians Under 35 by Kevin Cork is my new true love. Finally, an author who acknowledges that the boomers are going to suck all the money out of the Canada Pension Plan - as he says, if you believe that there will be money there for you when you retire, "how...quaint".
Plus, because it's Canadian it talks about RRSPs, and Canada Savings Bonds, and all those other things that I should know more about than I really do.
I was talking with my dad last night - my parents are trying to buy a condo right now as part of their future retirement plans - and he kept bringing stuff up that mirrored exactly what this book said (things like always get mortgage payments taken off every two weeks instead of every month). My dad's not a money person by any means, but it was nice to hear the same information repeated. It's really got me determined; I need to talk to someone and find out what I can reasonably afford, and how much I'll need for a downpayment. Apparently interest rates right now are the lowest they've been in 25 years, so *now* is probably a good time to start thinking, and thinking fast.
Meanwhile, however, I somehow managed to spend my week's worth of cash in just one weekend. Huh? Maybe I bought particularly expensive groceries or something. So much for my miraculous new budget. :P
Plus, because it's Canadian it talks about RRSPs, and Canada Savings Bonds, and all those other things that I should know more about than I really do.
I was talking with my dad last night - my parents are trying to buy a condo right now as part of their future retirement plans - and he kept bringing stuff up that mirrored exactly what this book said (things like always get mortgage payments taken off every two weeks instead of every month). My dad's not a money person by any means, but it was nice to hear the same information repeated. It's really got me determined; I need to talk to someone and find out what I can reasonably afford, and how much I'll need for a downpayment. Apparently interest rates right now are the lowest they've been in 25 years, so *now* is probably a good time to start thinking, and thinking fast.
Meanwhile, however, I somehow managed to spend my week's worth of cash in just one weekend. Huh? Maybe I bought particularly expensive groceries or something. So much for my miraculous new budget. :P