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Weekly Blog Round: Saving Money

These days, I do not pay much attention to the markets in general. The US is still at work stimulating their economy and Europe is still trying to figure out their mess. I do look at my technical screening to see if anything pops up; like Intel (INTC) for those interested :) I  review what analysts have to say on BNN through Stock Chase email notifications. I get 2 emails a day with a summary of what analysts said about companies. It takes 5 minutes in the morning and I get quick news on various companies. I am also subscribe to Pat McKeough service and blogs at TSI Netowrk (I have been for almost a year now). It doesn’t require that much time to keep up and I am not trying to predict the future either.

For all my regular and future readers, I have added a Dividend Calendar section under Stocks for your convenience. I have also added a section under Investments for Forex. I wrote a few posts about the different ways of doing currency exchange aside from just using the banks. There is a lot of money to be saved!

Saving Money

We are 3 weeks in the school year and my savings through lunches is at its peak! As I mentioned earlier, for every lunch I bring, I move $10 to the savings account for investment contributions. I involved the kids in making the lunch as well since we all eat the same thing. The process has worked remarkably well except for the lack of micro-wave in one of my kids school.

My contributions to Computershare and Canadian Stock Transfer should increase this year with the strategy. I am currently finishing reading the Dividend Toolkit from Matt @ Dividend Monk and savings is a key point mentioned in building wealth. I don’t think it can be stressed enough – I am saving and not chasing the latest gadgets!

Worthy Readings

Some weekend reading to share …

Also featured in the following carnivals.
Have a nice weekend!

Image: FreeDigitalPhotos.net

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5 Responses to "Weekly Blog Round: Saving Money"

  1. Liquid says:

    Saving and not chasing after the latest gadgets is my current mindset as well, which is apparently the opposite of all those people who lined up overnight to buy a $700 phone, lol. I get daily newsletters from BNN and also their Market Calls, which is often quite punctual at 4pm :) I think they should cover more tech companies. Intel is one of my favorites and is a core holding in my RRSP. Thanks for the mention btw.

    • The Passive Income Earner says:

      @Liquid

      I do get the BNN and Market Calls emails too. I don’t find them as useful though. I also get the RBC communication from my discount broker as well which is more about economics than stocks.

  2. Rob says:

    I’ve never used Stock Chase, but I love the idea of adding my list to my profile portfolio and being emailed any news each day. I signed up this afternoon. Sounds like it will make reaseach and staying current a little easier.

    It’s great what you’re doing with saving money on lunches. My wife and I do the same and it’s amazing to see how much you save by brown bagging it. It’s the same with our tea – bringing it from home and making it at work saves so much versus buying on the drive in each morning.

    Thanks for the mention!

    • The Passive Income Earner says:

      @Rob
      Thanks for the comments. What I really want to share is that retirement and wealth building is really defined by our ability to save. Dividend investing is one way to keep growing a portfolio but the best tool is still saving, saving and saving :) I was getting tired to see my money funnel else where when I had options.

  3. Thanks for the mention Passive. Always appreciated. Sorry, late to the comment party – I’m blame it on the weekend away from home!

    Keep up the great work on the site and readership. I know I don’t comment on every post, but I read every article.

    Cheers,
    Mark

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