I literally just googled those exact words… I have been contributing to RRSP’s at my workplace for the past 16ish months. If we would like to contribute we have to put a flat 10% into the RRSP and my employer will match 5% (I have previously asked to have mine lowered to 5% me/ 5% them but apparently we’re not allowed to customize the plan). I am happy that I’m currently used to putting away 10% of my income without noticing it, sometimes I get frustrated when I feel like friends my age are making more than me. I try to remind myself that by putting $250 a month in my retirement savings now, I’ll be happy in the future!
Here is my next dilemma… when I’m done paying down debt (and that will be a WHILE from now), do I contribute more into my RRSP’s or share the love and open a TFSA? Time to get back on Google!
I often feel like I should go into my bank and speak to a financial planner, however the last time I was there looking for help with my debt repayment strategy… I didn’t get any help at all. I got a “keep doing what you’re doing” talk from a girl who was being transferred to a new position the next day and seemed a little anxious to get out. I also feel like I haven’t made enough progress to go yet :S. Common theme this past week, not feeling like I’m making enough/ contributing enough. Hopefully a long weekend will be the trick to cheering me up!