“Chains of habit are too light to be felt until they are too heavy to be broken.” -Warren Buffett

Kids Bank Accounts

Today I'm writing about kids banking! Do you have a bank account for your child(ren)? If so, what do you love or hate about it? I feel like we are getting closer to needing them but so far the kids each just have "accounts" on the Rooster Money app.

2020 Net Worth Update #1

We've decided to forego actual numbers and share about our net worth in percentage terms. We want to share in an effort to open up conversations about money, but for now this is the approach we're most comfortable with.  So, here we go!

We hold the majority of our fixed assets in our home and vehicles.  Following that, we have a large portion in a defined benefit pension which will provide the majority of our income when I retire (likely at 55) for the rest of my life.  We also have a significant amount in Justin's work RRSPs, including an account funded by his employer.  We don't consider any of these amounts as money as we have access to as most would be very difficult to access before retirement and have significant tax implications.