Tis a week before pay-day, and I’m bored with reading about the Duchy of Sussex’s charm school dropout side of the family. So I decided to catch up on what everyone else has been tweeting about, financially important things you should do before age 35.
I should have saved twice my salary. *Cue a bitter fountain of tears*
I am actually one of the Canadians who can’t even manage to save $500.
It should be easier than it looks. I don’t have student loan debt. I live with someone whose annual income is on-par with mine. But I’m 46, and still have kids at home, teenagers at that, with cell phones and the need for new clothes and groceries. Aye, the groceries.
Never mind the consumer debt. I got out of it once; it was nice. Did I mention the teenagers? Or, despite subscribing to online newsletters about responsible spending and saving, and making the effort, I still can’t quite get there? I do everything online. No cheques. No overdraft protection. Always try to avoid bank fees where possible. Cash only.
I have an 18-month-old granddaughter. I like to help out. The amount spent there isn’t garish by anyone’s standards. If I see a deal on diapers, or a book or a toy that combines fun and learning, I’m on it. She’s been eating what her parents eat, by and large, for a while now, which keeps the spending on baby and toddler food to a minimum.
All this said, I get angry when I hear about grown-ass men who have to be forcibly evicted from their parents’ home, where they contribute nothing, not even civilized conversation. Get a hair cut and get a job, ya damned hippie. Be a decent example to your son.
And then there’s Kevin Federline. Due to his overall irrelevance since 2008, following the nuclear meltdown of his marriage to Britney Spears, he’s had primary custody of their two sons and enjoyed monthly child support to the tune of $20,000. Now he says he needs three times that amount. I smell the smell of a man who’s been using one ex-wife to pay for the children he has with other women, which he should be ashamed of, frankly. Ya, ya. Nobody wants you when you’re down and out, right Kev? Oi! Hair cut! Job! Go get ’em.
It pisses me off when I see the 1% being stupid with their money, and still managing to come out ahead. Damned right I support increased taxation on the wealthy, even though I will never see any of it come back to me in the form of child tax benefits, since I owe the government money for the foreseeable future.
This reminds me to call my son – he’s 21 – and tell him to get on with opening a Registered Retirement Savings Plan. His contribution limit isn’t that steep. I don’t want him to look back at age 35, or even 45 or 65, and wonder where all the years of savings went.