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Spending

#317. Dad, is it OK to shop on Boxing day?

December 26, 2019 Dad 0

Yes, as long as you temper your spending and don’t go into debt.

#304. Dad, my finances are a mess.

December 10, 2019 Dad 0

Congratulations! You have taken the first step to acknowledging that you have a problem. The rest can be managed with a plan. Dad, My Finances […]

#250. Dad, what is akrasia?

October 7, 2019 Dad 0

Akrasia is when you do one thing even though you know you should do something else. Like spending and saving.

#248. Dad, what does it feel like to be in debt?

October 5, 2019 Dad 0

Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible to get ahead.

#204. Dad, tell me about being a perfectionist.

July 23, 2019 Dad 0

DAD: Perfectionists are motivated to make the best choice every time. This can lead to decision paralysis.

#184. Dad, how do you prioritize?

July 3, 2019 Dad 0

I always get the important stuff done first and don’t waste time on stupid shit!

#170. Dad, tell me about spending time with myself.

June 19, 2019 Dad 0

Spending time by yourself allows you to hear your thoughts without distractions.

#159. Dad, how do I take control of my spending?

June 8, 2019 Dad 0

Stop spending money or time impressing others.

#154. Dad, how do I become a better version of myself?

June 2, 2019 Dad 0

You have to remain consistent, don’t strive for perfection and learn to say “No” more often.

#142. Dad, is it OK that my values about money and spending are different from my friends?

May 21, 2019 Dad 0

Personal values and spending habits are unique to everybody. Spend based on your personal values.

#135. Dad, What can I do when other people are being annoying and inconsiderate?

May 14, 2019 Dad 0

You can only control your behaviour. If you try to change every other person, you are going to be miserable. Dad, taking the lead isn’t […]

#132. Dad, is it important to have structure in your day?

May 11, 2019 Dad 0

Having structure is important to get things done. Setting aside unstructured “thinking time” is just as important.

#129. Dad, is a high income a guarantee that you will retire rich?

May 8, 2019 Dad 0

There are no guarantees. Make sure you spend less than you earn and save for the future.

#102. Dad, does having more stuff equal happiness?

April 12, 2019 Dad 0

Material items do not always equal happiness. Sometimes they just add stress and debt.

#97. What is #3 rule of money?

April 7, 2019 Dad 0

Pay your credit card balance in full every month.

#96. What is #2 rule of money?

April 6, 2019 Dad 0

Strive to save 10 to 20 percent of your monthly income.

#93. Dad, tell me about eating in restaurants

April 3, 2019 Dad 0

Eating at home is normal. Eating out is an expensive treat and should be done when there is a social benefit to it.

#92. Dad, how much debt do Canadian households owe?

April 2, 2019 Dad 0

The level of consumer debt in Canada has been increasing for the past 30 years. Canadian households owe more than $2 trillion dollars collectively.

#91. Dad, what is a credit card?

April 1, 2019 Dad 0

A credit card is money that does not belong to you. It is not free, and the longer you take to pay it off, the […]

#88. Dad, can you give me advice on getting my shit together?

March 29, 2019 Dad 0

I suggest you don’t spend too much time on things that don’t matter and spend it with people that do.

#84. Dad, what are the 3 steps to get out of debt?

March 25, 2019 Dad 0

Assess the damage. Understand the root cause. Change your habits.

#81. Dad, what about spending money?

March 22, 2019 Dad 0

Being good with money does not mean you don’t spend it. And not spending does not make you good with money.

#80. Dad, what is the happiness fund?

March 21, 2019 Dad 0

Treat yourself if it brings you happiness. Enjoy your money with moderation. Balance is the key.

#56. Dad, what is the quote from the movie “Fight Club” you mention when speaking about materialism?

February 25, 2019 Dad 0

“The things you own end up owning you”. Materialism, by and large, is a psychological trap. No matter how much you own, how much you […]

#55. Dad, why is it so awkward to talk about money when you are in a relationship?

February 24, 2019 Dad 0

It is awkward, but necessary, to talk about money with your loved ones. I suggest you speak often, keep the conversation light and understand your […]

#54. Dad, tell me about being good with money and spending.

February 23, 2019 Dad 0

Being good at money does not mean you don’t spend it; and not spending it does not make you good with money.

#52. Dad, does a high paying job mean zero financial stress?

February 21, 2019 Dad 0

Financial stress is not measured by how much you earn, rather by how much you save and spend.

#50. Dad, how do I save for short-term goals?

February 19, 2019 Dad 0

Pick a goal. Create a separate account to save for the goal. Start saving for that goal.

#49. Dad, what exactly does personal finance mean?

February 18, 2019 Dad 0

Learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future

#47. Dad, does getting out of debt mean you have to sacrifice everything?

February 16, 2019 Dad 0

Sacrifice does not mean giving up something for nothing; it means giving up one thing for something else we believe is worth more. 

#44. Dad, when do most people over spend their income?

February 13, 2019 Dad 0

DAD: Most people who overspend their income in one of three ways: Too much house, Too much car, Too much entertainment

#31. Dad, may I buy anything I desire?

January 31, 2019 Dad 0

Yes. You can buy anything you desire – as long as you have saved for it first. 

Dad, what is delayed gratification?

#28. Dad, what is delayed gratification?

January 28, 2019 Dad 0

Giving up temptation for long term benefit.

#25. Dad, what is the key to early retirement?

January 25, 2019 Dad 0

The key to early retirement lies with savings, not income – regardless of how much money you make.

#3. Dad, what is ‘What-the-hell-effect’?

January 3, 2019 Dad 0

The ‘What-the-hell-effect’ is when you have spent more than you have earned and then decide that you might as well fail spectacularly. In short, you […]

#1. Dad, this money thing is so boring. I prefer not to know.

January 1, 2019 Dad 0

DAD: When it comes to understanding money, ignorance is not bliss.

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