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Money, Money, Money, MUH-NEY..... MUHNEY!


Monday, February 02, 2004

Woo.

Hoo.

1) A few days ago, my parents told me I got a letter from the Co-operators. Apparently, one of the 'benefits' included in the benefits I had at PPT was a pension plan. Now that I no longer work there, they gave me a cheque for the balance of what I had paid into it - about $600. They also told had I stayed there, I would have been able to retire in 2039, which would put me at the ripe old age of 60. Anyway, my financial advisor (aka: Daddy), informed me that if I just cashed the check, I'd have the money, but I'd have to pay half of it back in income tax. If I put it into an RRSP, I can keep it all, and claim it on next year's tax. Apparently $600 can add up over the years. The best thing is that I'll never miss it, because I never knew I had it. Beauty.

2) I heard some pretty horrible things about applying for Interest Relief. I heard it was along, arduous process. However, I filled in my forms, and just got a letter today saying that I was approved! This means I have some extra breathing room while here. It means I can have a bit of fun, instead of monitoring every last nickel. It means I can pay off my Visa! Woo!

So, despite being a little insecure and crazy in certain aspects of my life, at least I feel secure in my financial situation. I know money can't buy happiness, but it does serve as a mild anti-depressant.





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