Has the pandemic helped save money?

I have seen a couple of articles suggesting that Canadians saved a tons of (billions) of money during the pandemic.

Some of the expenses cited as cut, and hence, saved money from, were child care, extracurricular activities, and commute-related expenses.

For those lucky ones, like myself, who kept their work and salary, things might have been better than those families and individuals who struggle with affording daily essential expenses. That is for sure.

I know many people lost their jobs and many businesses had to spend extra money to adapt to pandemic style business. So, hearing that we have overall saved billions of dollars during the pandemic sounds a little bit brutal to me.

I do not have kids or dependents, so the first two factors do not make a difference in my life. I take the bus or walk mostly, so commute, or lack of it, did not help me save a good sum of money. But I still did save money during the pandemic. My income also increased because of my recent promotion.

My most important expense is my annual visit to my family overseas, which used to cost me around 5K each year. I have not traveled in the last two years, so my major savings was the lack of these trips.

While I am not very social and hence do not get together with my friends frequently, I nevertheless had a few lunches or gifts to pick, so while there is some sort of savings in this area, it is not substantial.

My innocent yet kind of expensive interest in thrift store hunts, however, seems to make some sort of difference. I used to visit thrift stores every two weeks or so pre-pandemic, so while the prices are quite affordable, you can imagine the annual expenses.

On the other hand, I think like many, my food and personal care/cleaning products expenses increased. This is mostly because of working from necessitating use of the cleaning products more; starting fostering a cat; and the inflation or increases in the prices just because of the pandemic’s effect.

I am one of the lucky ones who comfortably has gone through this pandemic financially. I am feeling lucky and grateful, but you know, things will not get better anytime soon, the economy will continue to be unstable, and who knows what will happen to our investments or jobs.

Until, then..

random thoughts

I started the week high energy and started to feel tired again since Wednesday. Since the Holidays it has been non-stop – what was I expecting? I need a break.

How are you all holding up? Did you get the vaccines yet? I am still not eligible – because of my age, but hoping soon it will get to my age group. I cannot wait. The new announcements that it is an aerosol transmission/airborne is alarming me – how are we going to ventilate all these workplaces, schools, and residences? If my work place offers half working from home program, boy, I will take it right away. Vaccine or not, have no interest in getting anywhere close this virus.

Our weather is gray nowadays. Maybe we will see blue sky and sun this weekend. It would be so nice. There is something so great about the Spring. It is energizing and tell us that the hibernation season is over. We can rejuvenate.

So, how exactly am I planning to rejuvenate? I have done well walking just for the love of walking in the early week. Seeing the neighbourhood, trees, and houses are always a delight. I love the crisp air that “washes” my face and gives me tremendous peace. Walking in the mornings and evenings are certainly great. I cannot wait to do this more regularly. But, what else? Will I declutter? Will I change the furniture? What will I do?? Dilemma. And mystery ūüôā

Despite being in a lock-down in the last 14 months, I have not gained weight. What a miracle… Did you? Many people have. Maybe this is one of these fortunate times that I was spared of extra fat. I wanna laugh, but I am also serious. It feels great to be on the lucky side ūüôā

My foster cat Mona is doing well. Such a sweet heart. She eats less now and is losing weight. We waste quite a bit of wet food, but honestly, as long as she is well, I am okay with this. Why are the cans so big? A kitty cannot eat the entire 156 grams of food in 3-4 hours, so what is the point?

Anyways, let’s focus on the positive that Mona is well. I am well. My family is well. Spring is here. I had a little increase in my salary so I feel great about it. I am abundant and have everything I need. I can contribute to the animal rescue organization by covering cost of some of the food and litter. My friends check on me. I can walk, I am functional. My antidepressant works. I can take things much easier and and feeling absolutely better.

I saw a blog by a medical practitioner the other day with a title asking Do antidepressants work? Boy, please do not use this kind of titles – it sounds like you are suspicious. In my experience, yes they do work. My medication may not work someone else, and they can hopefully find relief in another drug (if they are interested in taking a medication). I feel like the fact that sometimes we are put in places where we need to defend our choices or our antidepressants is mind-blowing. Ask me and my experience.

How is the economy going on where you are? It is surprising me that the market is still doing high. Prices are going up, though. My favorite yogurt has increased like 50 cents a tub, and I am hoarding it whenever it is on sale. I can eat around 5-7 tubs of yogurt per week, so hoarding is for a short time only, and it works well, In a given day I probably have like 10 tubs in my fridge. You can call me freak if you want, but it does not change the fact that it is my favorite evening/night snack. I also use it liberally with meals and soups. Yogurt is good and much better than McDonald’s.

When was the last time I ate from McDonald’s? Hard to remember. Wendy’s possibly, yes. But not McDonald’s in decades..

Anyways, seems like I am very talkative tonite ūüôā I will cut it out here and say that please keep yourself safe, have hope that this too shall pass, and enjoy whatever you have and give you joy.

COVID-19 (April 28)

Just yesterday I was thinking how much I enjoy working from home. It works for me.

I am not sure of my work-place’s future steps. So far we all have been increasingly distancing ourselves from work. There will come a time when they will say “hey, what have you produced during all these times? What else can you do for us?“.

I will be ready then.

This is the 6th week. I kind of have a routine. I wake up around 7 am, brew coffee, browse news and emails, and start working. I often continue till 4-5 pm. I also walk twice a day; one short (around 25 min) and one long (around an hour). The weather is permissive, sky is blue, and walking is relaxing. It is one of my quality of time activities.

The other would be tea. At around noon every day, I brew tea with lemon and ginger. Top it with honey and Voila! You have a great, healing drink at your hands ūüôā

The news are often negative and pessimistic. While I like to read each day, I try to stay away from thinking too pessimistically about COVID-19. I want to remind myself day it has already been 4 months that we have been surviving this pandemic. We are going through it. My sympathies to all who have lost a loved one to this disease. Or jobs.

I do not know how long the Canadian economy will hold up. I do not know how long my work-place will keep floating, either. I try not to think about the potential lay offs, but honestly. If there is a time that they will attempt this, it is this time. I am grateful for each salary cheque I receive. Honestly. One cheque at a time.

Life has changed so much. I could make plans for long-term investments and so on. Not anymore. I already lost a portion of my investments when the markets went down. I do not want to get crazy about it. I hope that things will get better.

In the middle of all of these, what is more important is that I try to sort what and who is important and what/who is not. It is fun. The best way to do this is to take a break from work. In the last while, I worked almost everyday. I have been meaning to take a break since February. Perhaps next week I will take a couple of days off and read books. Reflect on life. Reflect on issues and wishes.

Stay well, everyone. Wherever you are, I hope you are healthy, have food, shelter, and safety.

 

very random thoughts

I have hardly anything to write about in my mind right now, but who knows what the next minutes will tell. So, here I go.

I am having another episode of high-focus work and as such am highly irritable and somehow easily bored and agitated. The last weekend I went to shopping twice and while it made me feel good, my bank account is not doing well.

As a matter of fact, when compared to last year I am spending much more and the truth is that I find all bunch of excuses to do so. How is this serving me, I am not sure. At one hand, I have instant gratitude by taking the cab (rather than walking or taking the bus) and by eating junk food. On the other hand, I am hardly grateful for these and rather feel sorry about not keeping my money. It is a dilemma that I have experienced many times and I am sure I am not the only one.

My relationship with money has been always interesting. I am known to be able to save money since my childhood. It makes me feel good and more secure. I keep a simple and modest life. I am not into material. The money I spend on cab or junk food is not high; under different conditions I could as well be spending the money on a car and its maintenance. So, what is the problem?

Problem is that if I want it, I can cut out these expenses quite efficiently.

My problem is my own preferences, which are often getting expensive when stressed or need to work really hard.

My significant problem would be home-ownership and the mortgage and other expenses coming with it. It is a significant portion of my income.

My other problem would be the bad economy that is eating up our incomes with extra taxes.

My most significant problem would be that I started saving for my retirement quite late in life and as such whatever I can save right now is golden for later.

My problem is with myself and how I feel about money, the comfort it brings and the comfort I may not get in the future as a result of spending it today.

It would be so nice if we all have had universal income. Or go back in time to my youth and make better career choices.

Whatever you do, my friends, try to save and invest as soon as you make money.

 

 

 

random thoughts

Our storm continues with heavy rain, rather than snow, and with high winds. It has been a wet, cold, gray, and miserable day, but luckily not a snow-day. I worked whole day at the office and one of my co-workers gave me a ride back home. What else do I want from such a stormy day? Maybe a cup of tea ūüôā

I am determined to try to sew a collar again this weekend and start a new blouse project. It is the collars that screw everything most – once I do achieve sewing one acceptable prototype, I¬†know I can keep progressing….. But ¬†there were three trials so far and all were fails. I know I should be more patient and keep going. Eventually I will know how to best handle it. After all, there are so many people who can do a collar. Is there any particular reason why I cannot make it?

I did not think so.

Confidence and determinism are rare traits sometimes.

I have watched a number of youtube videos. There are many different ways to sew a neck line. I can do this! 

———————————–

I have not posted my “weekly budget check” this week. It has been similar to previous weeks where I saved by shopping items/grocery on sale, minimizing anything else. The only difference was that this week every morning I have taken the cab to the office. This was partly because of the bad weather¬†and partly because of my need to feel good about myself. For some reason, I am not sorry. Perhaps one or two days I could rather take the bus, but in the other days taking the cab was the right decision. That is why I am not sorry. And the fact ¬†that money is not everything. And the fact that it is okay to prioritize comfort every once a while ūüôā

I wonder what the future years will bring. If our economy was not this bad, in the coming years we would expect to get salary increases. This would be nice and help me to make further plans to pay the mortgage off. I have a little increase coming in April, for which I am grateful. But knowing that our salaries will probably not increase, in contrast, may even be reduced after that, I am feeling disappointed.

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The other day I was thinking: what other expense I can reduce in my life? How can I get more income? One of the options is to get a roommate – but this will not happen without sacrificing my comfort and freedom. I wish I had a basement apartment where I could rent. At least that would feel like some kind of freedom. But in terms of the expenses, I cannot cut my cable-phone-internet combo; I sure can walk more frequently to office once the weather becomes more permissive; I cannot sacrifice from my grocery and food any further. None of these can happen without reducing the quality of my life or my life style. I can reduce the expenses related to my social life, but hey it is already not too much. So what do I do?

Nothing much. Cherish what I could achieve so much, aim to save as much as possible (possible is a great word here) while also enjoy my life. That is pretty much it.

2017 has been the leanest year in terms of my spending so far. Since it is March 31st, I thought it would be a good idea to check my finances. I usually do this at the end of each year, but it is good to know how I am doing in terms of budgeted categories.

Notable financial accomplishments/facts are as follows: 

1. I am spending much less money this year than before

2. I am walking in the mornings whenever I can – the first time in winter this year (well, okay this is not completely a financial achievement, but an important change in my life this year – so I will keep it in the list ūüôā )

3. I have made an effort to consume the food in my pantry and freezer and it worked really good for me

4. I started to make mortgage prepayments this year and it has been going well. I am more motivated than ever to keep saving, however  little it can be, and use it to make a pre-payment

5. My weekly allowance (of $120) has never been over-spent so far and I am constantly saving in my fund funds (these are the funds left from the weekly allowance). If it continues like this I will have an extra $2,000 – 2,500 at the end of the year in my fun funds account. This is additional to what I predicted that I could save this year. Maybe I will use it for my enjoyment, or maybe I will use it to invest/pay mortgage. We shall see ūüôā

6. Of $6,000 funds budgeted for socials, personal care and cleaning products, hobbies, medications and other health-related expenses, gifts, and all expenses other than my weekly allowance, I spent around $1,000 so far. Considering that it is the 1/4th of the year so far, this number is good. I should keep going frugal in these areas, as I happen to shop a lot during the November-December to take advantage of the sales. I hope to keep within this budgeted amount this year.

7.  My chequing account is healthy, above $0, and as usual, I continue to contribute to my RRSP and TFSA investments biweekly. The only thing is that despite all the frugal life-style, regular savings to improve the chequing account has been quite difficult (because of the increased tax, pension contributions, and mortgage payments) compared to the last year. Nevertheless, since it is in a good shape, I am grateful for whatever I can do and I am determined to keep going. 

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how to use the savings most efficiently?

I have been thinking; I am in a saving mode for 11 months now (wow – it is hard to think that I have been working on my budget and on limiting my expenses and saving for such a long time…), and I am doing alright.

My primary concern that prompted me to start with the budget last year was the home ownership and the home maintenance funds that may be required on a constant basis. Since I have an old house, I am single and the only bread winner, and I got hit with a huge (around $8,000) repair bill right after I bought my home, I was left with a chequing account below $0 and lots of anxiety and uncertainty for the future. I was scared. I found that the only way  that could get me out of this situation was to either sell my home right away or to limit my expenses. The second option was the one that I chose.

It was a hurdle and I failed many times, but eventually I started to take better control of my finances. I guess I am in a state where my purchases and expenses have gradually decreased and surprisingly I am more content with what I have. My chequing account is also on the positive side now, I guess, since last December. I am very happy with these, though I am also cautious that anytime extra expenses can happen. So I should keep saving and make smart choices.

While I am still closely watching my chequing account (I have one big payment coming up next month, which if I am not careful enough, can derail my account again), I have been constantly accumulating my emergency fund (TFSA account). It is not maximized yet, but I have a good sum of funds in this account that I can use for emergency or home repair purposes. I thought this morning that perhaps I can stop contributing to it in the new year and direct the funds to my mortgage.

Mortgage is my only debt right now (other than sporadic and month credit card balance that I pay to the fullest every month). I am quite motivated to reduce it as much as I can. I was planing to increase it by $100 in September, only because I am getting a little salary increase then. That would decrease my mortgage principal by around $7,800 in 3 years (the end of the mortgage term). Now I am thinking that perhaps starting new year, I can stop my TFSA contributions and start putting these money into my mortgage. That would decrease my mortgage by an extra $19,000 till the end of the term. Total reduction in the mortgage principal thus would be $26,800 in about 3 years.

That is a pretty amazing number, don’t you think?

One thing I can not be sure is if I increase my regular payments at the new year whether I can reduce it say, a year later, to the original amount. I am thinking about this just in case our salaries get chopped up by the economy or something like that. I must clarify this with my bank sometime soon.

My other alternative is to of course, keep contributing to the TFSA and then making extra, lump sum payments to my mortgage by withdrawing money from it. This gives me the flexibility because I do not need to adjust my regular mortgage payments and I can make extra payments anytime and in any amount I wish.

I cannot decide which one is better for me. My psychology loves the ease and convenience of the first option (i.e. increasing the regular mortgage payments once and then dealing with no additional paperwork). But it also loves being in control of my funds and thus making lump-sum payments, even though that means I must pay a visit to my bank each time and making a transfer order of funds from my TFSA account to mortgage.

What are your opinions?

just another rant about the economy

My province’s finances are not great and this is well reflected on the annual provincial budget.

The end results? People are furious, scared, and reacting.

Even I found myself perplexed by some of the new impositions on our lives and finances. Did I create this mess? Why should I be taxed and forced to pay more on many stuff and services? What will happen in future – will this turn around or will it continue like this, or even get worse?

I have no answers to these questions. I just feel the hardship coming and hope is lost. I wonder sometime whether we will ever be able to retire in such an economic climate? Even today there are many people who cannot afford to retire, as their retirement income would be much less than what they are getting today through their salaries. Ironically, the longer these individuals stay at work, the lesser the chances for the young people to have jobs.

With increased jobless rate and decreased financial ability comes, inevitably, less spending and more public discontent & stalled economy. I think economist call it something like ¬†“consumer confidence”; when the economy is not good, people spend less. So how is this new budget, new fees and taxes, and weakened ability to consume helping anyone?

I hope the government has some great economists who can understand, designed, and approved of their plan. Maybe there is a benefit in this budget folks like myself cannot see.

I sure will be spending less, now that I have extra fees and costs associated with being a resident of my province. Do not get me wrong; I am a collective person, I would be happy to help out the less fortunate. But I am not happy with a depressive future outlook. If I knew that this was only temporary and things would be eventually better, then I would have a better feeling about these. But I do not.

I do not think that things will get better after a few years. There are many talks about extensive lay offs. There are many people who are talking about leaving this province for another one, or worse yet, sending their kids away for better opportunities. I think everyone is entitled to their own decisions and by all means I respect their wishes, but again my problem is the loss of hope for the future. It looks dark. It looks not healthy. It looks uncertain (well… future is always uncertain, but when you face a financial situation like this and realize how serious the situation is, it just becomes more palpable than I would like).

So I must spend much less to pay off the extra taxes and fees imposed by the provincial budget while I also want to keep going with my financial plans (e.g. maximizing my RRSP and TFSA contributions each year; contributing to my retirement plan; keeping an emergency fund to help especially home repairs; keeping my chequing account at the positive side; and increasing my mortgage payments in September).

OK…. How the hey am I supposed to do this???

I already have a minimum spending plan that also buffers the costs associated with limited social activities and having a comfortable life.

I have not shopped for clothes for some time.

I cannot cut my cable because I have a cable-internet-phone package and if I delete the cable, then the remaining two cost essentially the same amount.

I am not into extreme couponing (though I love reading about it).

I cannot possibly drop anything related my health and well being, like medications, fresh produce, or hygiene.

So what am I supposed to do?

I do not know. But something will give up I guess.

This being said, I am nevertheless grateful that I am one of those fortunate ones who can still keep a home above their heads and food on their tables. If things get worse, I can further reduce my spending (I hope this will not happen, though), but for families and single people out there who are making much less than me, this would mean a disaster.

Hoping the economy will get better. If not, then at least, not get worse.

economy, job security, and life choices

The economy does not look good where I am and there are talks about cuts coming quite soon so that our province can start paying our huge debt down. Of course as one of the government-backed institutions, my workplace is at risk too and things, to tell you the truth, do not look good for us, my colleagues, or my institution.

When there is little money/resources, the demand is higher. And money is so essential for everyone that it just makes the cuts and the fierce demands to relocate the cuts from one place to other, escalating quite fast. I was looking at the news and looks like my institution in so many ways seems like the one that will get some cuts. The end results will not be nice.

The fact that we are working in a small place and trying to reach and deliver a national or worldwide standard in our workplace does not come easy. We are often understaffed, our resources are limited, and these mean there is quite a pressure to overwork to get to the expected results/deliverables. Our salaries are also less than our peers in many other provinces. But when you look at the numbers and compare our salaries with other workers in the province, many people think that we are over-paid and that is unfair. As a result, many people now demand for cuts.

I do not blame people for wanting to cut unnecessary expenses (which I believe should BE¬†done), but I really do not understand why it is the¬†salaries (unless unjustifiably high) that gets the most reaction. I am making a decent salary but have been working very hard to do what I am doing. I know when compared to other institutions, our salary and benefits are not as good. Yet, here I am trying to make the best out of my capabilities, skills, and the limited resources I have access to. I try hard and I work hard. But then many people do these, too….

Honestly, I am scared of the cuts and the future of the economy. I am scared of having less and less in the future while the demand and pressure for work increases. I am scared that they will start laying off people, who were hard to get here at the first place. I am scared that the quality of work done will reduce substantially. But I am not that scared if they lay me off with a big fat cheque or severance pay (lets say a net pay of my 10 years of salary or something. Right РI am dreaming). As a matter of fact, if my institution agrees to give me a nice sum of money and possibly a small pension plan at my retirement age, I thought for a minute that I would be the first one to volunteer for it.

Why?

I am already fed up with the lack of opportunities and excitement here, presence of discriminatory behavior, and naturally I am longing for a better life. I am not sure whether I can make it better in my next city/work place, but honestly that could be an opportunity to have a new, better life nevertheless. I so far remained because of the job stability I have had and the pleasure I got out of my job. Overall, things have been fine, not great, but fine.

I do not wish hardship for anyone with their life, especially with their finances. It is not my fault that the economy is unstable and all of a sudden my province accumulated a lot of debt. It is also not my fault that I have not completely loved where I am. but if there will be a hardship on me because of the budget cuts and increased pressure, I would rather see it as an opportunity if I can also get something nice out of it, like a financial compensation. Without the compensation, though, it would significantly derail my life, especially financially.

So I better be careful with what I wish for. I would and do prefer financial and job security over excitement in the future. Just like what I have done so far in the last 6-7 years. So, I wish the cuts will not lead to lay offs and significant cuts in our salaries and benefits. I wish we all can pull this off somehow. I wish a better judgment could be made as what was unnecessary or necessary and the budget cuts could be placed fairly and appropriately. I wish nobody would lose their ability to put a shelter over their head, meal on their tables, food in their stomach, and most importantly their hope for their lives and future.

I had not realized how important the economy was until today.

 

food prices

Looks like all of a sudden the grocery prices have increased where I am. I bought 5 tomatoes for $9.5 this past week. The first time I have spent that much on tomato…

Tomato is not one of the indispensable veggies in my diet. I hardly crave for it and rather have it as something that will create variety in my salad. Hardly use it in meals as well. But this week I wanted to eat tomatoes and, boy, the price almost shocked me.

Where I am we are mostly dependent on food grown in other places. Theoretically that means our food prices are already higher than other provinces in Canada. I used to live in Toronto; I know very well how abundant and affordable food is there. Variety is also awesome there. I miss shopping there.

Anyways, the reason I am writing this post is not to complain about the tomato prices. But I must admit seeing other bloggers spending much less than what I do for a much smaller amount of food somehow makes me wonder. For example,  the store Aldi seems to be selling food/grocery at good prices and unfortunately we do not have it here. Why not?

I am sure for many of you paying $9.5 for 5 medium sized tomato is something unbelievable. But believe me it is the truth. I want you to know I am not jealous or something; I just hope that you are grateful for what you can get at much lower prices than what others like me can.

Overall, the Canadian economy is not in good shape, with the announcement of a much increased amount of deficit today by the Minister of Finance;  sometimes I find myself thinking whether I am doing good with keeping my money in the bank or investing in stock market. What if we were to experience something similar to what Greece had last summer? What if we cannot have access to our own money? What if all goes wrong and  we lose what we already have?

I sometimes wonder how the people during the great recession (1927) or war-thorn countries survived the financial hardship and find food to survive. I also wonder about the poor families out there who are struggling to find food.

I will start including food in my joy journals and will remember to give my thanks when I purchase and eat them. I will also make sure to donate to food banks more frequently.

problems with economy and anxiety over retirement

Looks like Canada has an economic problem Рour stock market has gone down, Canadian dollar is losing its value against the US dollar, employment rate in some provinces are as high as 19%, oil-producing provinces like Newfoundland and Labrador as well as Alberta are struggling and losing jobs fast, and overall looks like we have a deficit this year, too.

I was having a conversation with a friend of mine today; we both never ever thought that the oil prices would go down like this (and create this havoc at least in the oil-producing provinces); as long as I know myself, oil prices always went up. It was the best investment for many people.

Not anymore.

I guess that is what it means to have an unpredictable economic future.

Economists for a very long time have predicted an economic slow down for countries like Canada, whose population is rapidly aging. My friend and I are relatively young, but today we also got depressed about our retirement and pension plans. Will the company retirement plan and CPP (Canadian Pension Plan) be healthy 20-30 years from today?  What will happen to our personal savings and retirement investments, such as TFSA and RRSP, which are also dependent on the market?

Will we able to ever retire?

We really do not know. But maybe this would be the chance for me to move to a south American country at my retirement should I afford a better life standard with my savings/retirement plans at that time. This of course is possible should we all keep our jobs…

Cannot think about losing my job. It is true that I am not perfectly happy with the city I live in or the weather. But I love my job; it is the best job for me and if we do not count the stress it creates in me, I love, love, love it. Plus, it is more or less stable and my salary and benefits (although are not as good as other institutions around the country) provides me with an above-average living standards and insurance plans/protection.

I have had chased a job like this for decades and I know how losing a job feels. All the uncertainty and financial hardship it brings. The hopelessness and low morale that comes with it… Although eventually we mostly end up finding a job good enough for us, no, I do not wish anyone to lose their job. I included.

 

late-night random thoughts

Dear authors of the books on financial, retirement, or investment planning; there is nothing like the “magic of compounding” in interest-based investment anymore. There is no interest rate like 10, 12, or 15%. Our current economic situation and interest rates nullify this claim. Please adjust your thinking and write more realistic/timely books for folks like myself to benefit from; how shall we invest in this economic environment?

I suspect you do not have a clear or guaranteed ideas either, but at least let’s retire¬†this “the magic of compound interest” thing.

random thoughts

I am reading a¬†retirement¬†planning book; very pleasing ūüôā

Not that I am not worried about my retirement, I am; but the author makes a great point re: how financial planners and others use “fear” to make us save and invest for our future and how we all feel like whatever we do/save/invest will not be enough in future; so we are left feeling “oh, well, this small savings today will not make a huge difference in the future, so why to bother on budgeting and saving?”

I certainly have experienced that and I dislike this “fear” factor instilled into us by others. Yes, we gotta save and invest for our future; yes whatever we can do we should do; but MOST importantly, no¬†I do not want anyone to tell me (except myself) that I am not doing well with my current finances or future financial plans.

I am trying; like many of us. I can do better; I know that and I am working on it.

The only time I will let “financial fears” is when I stop being a conscious spender and start spending money mindlessly.

Though I must confess the uncertainty and the current turmoil about the (future) economy make me quite nervous (and almost fearful) – will these savings and investments survive & strive, and work for me during my retirement? How much will be there?

You know that there is no guarantee about the investments and future, right?

Back to the book.

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