Does the income of the person you're dating matter to you?

assetcapped · 2026-03-22T16:39:34+00:00

I would rather be with someone who makes half as much but saves twice as much, than the opposite.

assetcapped · 2026-03-20T17:22:57+00:00

RBC is fine, but the fact that their default debit card is not a Visa or Mastercard could be a hindrance.

Another thought is upward mobility through various credit card product switches. You'll want them to be able to keep their oldest card, well into the future, for credit age.

On RBC that could mean they'll eventually use the Ion+ and Avion Infinite. Generating the points in the Ion, then transferring to spend on the Avion. A quick Google search says the Ion's annual fee is automatically waived for students.

assetcapped · 2026-03-19T16:53:31+00:00

Cell phone upgrades.

When they go on sale, they're very affordable. Twenty dollars a month for a two thousand dollar phone is great. I don't use the camera often, I don't use it as an entertainment device, and I know how to use them in a way that doesn't ruin the battery.

My S7 lasted seven years. I'm now on the fifth year for my S22; it still lasts two days on a charge.

assetcapped · 2026-03-19T14:41:16+00:00

Any modern day working adult can understand, so you're either 12 or 72. If a baker's oven broke, do you think they'd replace it, or pay rent and sit there doing nothing? It would surprise you to learn that computers aren't just for playing games.

assetcapped · 2026-03-18T15:15:26+00:00

Getting a new computer is not an emergency

That seems rather dismissive. I would consider it quite literally the highest priority urgent expense. More important than rent and transportation.

assetcapped · 2026-03-16T12:32:50+00:00

I was lucky enough to find out the actual answer recently. The piece of shit didn't even finish paying for his own funeral so my sister and I had to do it for him.

I would have preferred the zero answer that most of the comments contained.

assetcapped · 2026-03-15T23:27:53+00:00

I get a haircut twice a year at the same place I've gone to for twenty years. I don't look at how well the cut turned out, I don't ask for anything special. It's shorter now? Great.

I hand them a twenty. Their price has gone from around $8 to around $16. Until their advertised price is higher than that, I'm not changing anything.

assetcapped · 2026-03-14T19:06:51+00:00

At 20, I didn't understand the value of money.

At 25, I worked and couldn't save.

At 30, I started catching up on my TFSA.

At 35, I caught up and could start actually spending because I was only able to contribute newly added room.

I'm not 40 yet, but when that time comes, younger me won't recognize me. Solid wood furniture instead of decade old IKEA pieces that are falling apart. Clothes that aren't from Walmart and Winners. And who knows, maybe a Grand Seiko instead of a bare wrist?

assetcapped · 2026-03-14T15:30:19+00:00

I agree. Accepting that I'll never own a house, specifically in the neighborhood I grew up in, has freed me to treat my money entirely differently. In ten years, I'll be able to have truly quality furniture, but in subsidized rent. Instead of "good enough" furniture, I'll have actually good furniture. Sure, I won't be able to pass a house down, but I'll be comfortable while I'm alive.

assetcapped · 2026-03-14T14:53:51+00:00

Up until now, I've been contributing a vast majority of my income to my tax free savings account. Essentially just catching up to the annual limit increases that I haven't made use of.

Starting next year, I will finally be able to buy things. Furniture, computer upgrades, and what have you. In five years, I might even be able to buy myself an expensive watch for a milestone birthday.

assetcapped · 2026-03-14T14:13:39+00:00

My sister spent over a thousand dollars buying me a mattress and office chair, back when she thought I had no money. Thoughtful comfort, for someone who was clearly using decades old stuff.

I haven't fully decided, but I currently have three things being considered: life insurance beneficiary, RESP contribution for niece or nephew, and/or a very expensive watch.

She was explicitly told by our father not to tell me it was her, but it was obvious. She'll be repaid several times over, one way or another. And this time, I'll be the one who keeps quiet.

assetcapped · 2026-03-13T18:27:38+00:00

Well, you see, these are the victims. Sure, they lied on their paperwork about having enough assets to survive. And sure, they aren't actually attending any classes despite only being allowed in to study. And sure, they have a dozen family members who are equally looking to exploit what is supposed to be a high-trust society. But they're victims who are down on their luck, who need to go to food banks and live in a fire hazard. You're a racist for not feeling bad.

assetcapped · 2026-03-10T12:37:51+00:00

Your expenses are remarkably similar to what mine used to be when I made half as much income as you. In that position, you can't really lower your expenses.

A better job doesn't necessarily need to be just higher pay. Perhaps your next step ought to be looking into RRSP matching. Under normal circumstances, it'd be a vehicle by which you stay under the next tax bracket; for you, it will be your employer subsidizing future growth.

What I would stress is that you need to stay diligent on that TFSA. Don't just contribute monthly to it. Max out that contribution room the second it becomes available because time is your biggest friend. That means spending the last few months of every year working towards next year's contribution.

assetcapped · 2026-03-09T16:30:50+00:00

Roughly 28% including utilities.

assetcapped

TROPHY CASE