John Manage-your-money: Hi X, I noticed you will no longer be contributing to your employer-sponsored program, are you switching to a new employer? You: I’ve actually incorporated myself and will be working as an IT contractor, so I will no longer be contributing to that Registered Retirement Savings Plan. John Manage-your-money: Well first of all, X, Congratulations on the new … Read More
Monthly expenses breakdown in times of COVID-19 (2020-2021)
*All dollar amounts are in Canadian dollars and monthly figures unless otherwise indicated. Our May 2020-April 2021 average monthly expenses were: $5460 /month ($65,525.42/year) for a family of 4, children aged 11 and 5 years old. This was a highly unusual year due to the Global Pandemic which forced many of us to delay or cancel vacations and limit spending … Read More