I was convinced that interest rates were going to start to slowly rise in 2014. That theory was blown out of the water when my bank, TD Canada Trust, sent me a mortgage offer for 2.97% for 4 years. What does TD know that I don’t?
We both know that the giant Chinese economy is not doing as well as the Chinese want you to believe it is doing. We both know that other large economies are not improving as fast as expected. We are both worried about what Putin is planning.
We are both risking money by trying to guess which way interest rates will go. TD seems to think they will stay down while I was hoping they would rise slightly so that I could put some of my retirement funds in super safe GICs (guaranteed investment certificates).
There are probably a team of economists and other suit and ties at TD who think that the entire thing is just a guessing game and that anything could happen.
Weekly No Spend And Debt Update
I spent a little more than I should have this past week. A buy 1 get 1 free Blizzard sale at Dairy Queen was too tempting to resist. The sale continues through the weekend and I cannot guarantee that I won’t go back again. I rolled some dimes in preparation for this next splurge. I am out of change now except for the emergency money in my car and ice cream in the winter is hardly ever an emergency. I did have a $10 bill but I bought a Jack and Jill ticket from a coworker. I could have bought 4 more Blizzards with that.
I got paid so I was able to put a bit more down on my debts. Another $125 on the car loan and $500 on the Heloc brings the total down to $7,780 for the Heloc and $10,675 for the car loan.
With only 7 pay cheques ($1,350 per cheque) left to reach my goal of paying down the Heloc on July 4, 2014 I am relying on my tax return to take a small chunk out of the Heloc but I haven’t even taken everything to the accountant yet because I am still waiting for a T4 from one of my son’s employers. It is from a small business owner who told my son that the T4 was in the mail. That was weeks ago and the business owner is on an extended vacation. My accountant has said that he may be able to access that information on line but he hasn’t gotten back to me so we wait.
Critique This Blog Please
My readership is stagnant. I average 200 views per day and I am not seeing any improvement. Most of the views are spammers and don’t really count. Inspired by regular reader Nancy (she isn’t even related to me and she still reads this) who had some suggestions but I want more ideas.
Should I do away with these multi-topic Money Quickie posts even though they are often the most fun for me to write?
Are the posts too long? Too short? Too whiny? (February was very whiny). Do I write about too many things when I should focus on a niche?
More pictures, less pictures, more pictures of David Beckham?
Am I just not writing about what people want to read?
I am open to any an all ideas and I am interested in hearing ideas from other bloggers as well as my several non-blogger readers.
Tax Refunds And Debt Payment
According to a CNN poll 41% of Americans plan on paying down debt with their tax return. I wonder how many repeat that pattern every year? I am paying down debt with my tax return but I don’t plan on running that debt up again.
I have a sneaky feeling that many of these debt payers will just run the debt up again in the next year and repeat the cycle. Instead of benefiting from this money they just use it to pay for stuff.
This year I will use my tax refund, small as it will be, to pay my Heloc then next year I will invest it in my retirement. I will continue that as long as I get a tax refund. I expect that I will get a tax refund for as long as I continue to work.
The Money Behind The Scenes – Alan Thicke
Canadian actor Alan Thicke may be best know for his role as the father on Growing Pains but that is not where the bulk of his $40 million estimated net worth comes from.
Mr. Thicke works as an actor and game show host but his big money comes from his work as a television show theme song writer. Those catchy repetitive tunes from The Facts Of Life and Different Strokes and game shows such as Wheel Of Fortune. Every time one of those shows is played he would get a little bit of royalty money for writing the theme song.
Most of us need a side line to get ahead. Mr. Thicke’s has made him a millionaire.
David Beckham. He looks good but he sounds like a British Smurf every time he opens his mouth.