For years the RRSP has been the apple of our eye, the one who swore to provide us with a wonderful retirement, full of cheap trips to Mexico, Netflix and wine. Leading up to retirement it gave us the thrill of a tax deduction for saving money, contribute enough and that deduction leads to a refund. Let’s admit it….tax refunds are sexy...in a baggy sweat pants, no makeup, day three of dry shampoo kind of way.
Too often we stress over the monetary aspect of the holiday season. We place ourselves in a cycle of comparison; believing that we need to spend so much and attend all the events to be valued and viewed as successful. However when was the last time you looked at a gift you received from someone and thought “I saw that at XY store and I know they only spent $20.00…”? You wouldn't so why assume others will do that with your gift. It is the act of giving that people value not the monetary value of the gift.
Parenting….who knew these kids would be so dependent on us. We have to feed them, clothe them, and make sure they don’t die. Worse yet we have to have discussions about life with them…..force them into contracts where they promise not to date until 27 (although my lawyer tells me that since Ethan was only 7 when he signed the contract it won’t hold up in court). FYI he broke the contract at age 8, granted the date was only to the swings but still!
While our parents covered the basics of life for some reason money and financial responsibility seem to get passed over. I know that my parents never had any real money discussions with me growing up, although my dad taught me how to do my taxes and my mom taught me how to shop really fast.