Taxes, Free Money, And Food
On the eve of my tax refund I thought I would take a quick look at how I was doing. Playing around with some numbers I realized I should make about a thousand dollars this year for doing absolutely nothing - and three-quarters of it is tax-free! In my Feb. 7th blog entry ‘Tax Season’ I remarked on how I had made $800 in interest on my RRSP since 2003 but crunching the numbers I stand to make almost that much this year alone!
In that same blog entry of just 2 months past I remarked on how I was earning $60 a month in interest on my RRSP but thanks to some help from my mommy and the miracle of compound interest that’s up to $65 a month, just 2 months later! And I haven’t even begun my contributions for this year yet!
(Students note: if you’re still in school I DON’T recommend contributing to your RRSP at this time despite how exciting this may all sound, it’s just not the right play in your situation. I’m talking to you, Burton)
Okay, great, I’m earning some serious interest and dodging the tax man, that’s great, but what about the flip side? I’ve wondered for a while how much I spend each year on my mainstay foodstuffs.
So some rough estimates and calculations later and I figure I spend about $1,300 a year on pizza - that’s assuming I order once a week all year with an average order of $25, I think this exaggerates the situation somewhat as I don’t order it every week except when 24 is in first-run broadcasts. Now Subway is somewhat more accurate, I would place my annual Subway expenditures at about $900 - that’s assuming I have Subway only when I work but every day when I do and an average meal cost of $6.50.
So yea, I’m smart with my money and generally frugal so yay me but I also like other people to make my food so I’m not without my irresponsible extravagance.
This is what I do for fun.
