Starting a conversation with a condescending tone doesn't get far with me

It's interesting dealing with various departments and people to get things done. Well, sort of done.

Let's start with getting my retirement savings accounts (RRSPs) transferred from one bank to another. I need to open two new accounts with my primary bank. One is a regular RRSP account. The other one is a locked-in RRSP account where the money can't be touched until I retire.

I had to deal with another financial representative who called me after I was done work. The conversation did not start off well.

"Do you know that you have a locked-in retirement (LIRA) account?" he asked.

"Yes. I don't appreciate your condescending tone," I replied.

The day before, I had sent two completed forms back to my bank. One was for my regular RRSP account. The other for the LIRA. I knew exactly what I was doing. He had all forms in his position. He was just too lazy to look at them. 

I did a questionnaire a couple of days ago to determine what type of LIRA account would suit my needs. He did the same thing again, but did a cross reference between my answers over the phone and a previous one from a week ago for my regular RRSP account. I didn't get it. Wouldn't you want the get the results for the LIRA questionnaire that I did recently, as they are for this new LIRA account? It didn't make a whole lot of sense.

I was civil. I did say that we should get things over with by doing this questionnaire and thanked him at the end. He did apologize for being condescending. I think he let up when he asked me how much was in my LIRA and I told him right down to the cents.

I have more to unleash about my manager and our human resources department. I'll save that for tomorrow.

A surprise connection dealing with my retirement savings accounts

On Thursday, I decided to call my bank to make an update to my retirement savings account. I got a nice man on the phone who took the time to explain everything to me.

I am doing a couple of moves. I'm updating my savings portfolio within my retirement savings account. I am also transferring two other RRSPs (Registered Retirement Savings Plans) from a bank that I despise over to my current bank.

At the end of our call, which was the first phase, he noticed my place of employment and said that his son had finished a year of his internship at the same company. I asked what the his son's first name was. When he said it, I was delighted. I worked with him closely over the past year. We were on the same software development team.

He let me know that his son has a job lined up after he graduates from university next April. I was thrilled, as he was concerned about getting a job and asked me for help. His dad was appreciate.

Small world, huh?

My financial situation is looking better

I am pleased with my financial situation these days. I have a single loan that I'm paying down faster by making additional payments when I can.

It's exciting seeing my progress. It takes a lot of hard work to stick to a budget and plan accordingly.

I have also been contributing more to my RRSP. I borrowed quite a bit out of this retirement fund and am trying to get it back to its original fund level. It will take some time, but I'm determined.

Update on my debt reduction and fizzy drinks

Being in a pandemic for months has been unnerving and uncertain. One positive that I have mentioned in the past is that I'm not shopping all that much, other than for essentials (groceries and medication), and the odd need (computer eyeglasses).

Because I haven't been commuting to work, I have saved time, money, and aggravation. With money, I have saved so much that I have been putting that money towards my emergency fund and retirement savings (it's called a Registered Retirement Savings Plan or RRSP in Canada), and paying off my debt.

For a few years now, I didn't have an emergency fund. Either my paycheque was that fund or I'd have to dip into my RRSP. I was not proud of doing the latter, but it did help. I am so pleased that I have an emergency fund for unexpected expenses at long last. I hope that I don't have to dip into my RRSP again.

I have been building up my RRSP. I have regular monthly payments that I contribute to my own plan. I also have a certain amount put into my RRSP plan with my employer. I have contributing a bit more, which makes me feel good.

I have also been paying my credit cards in larger amounts. I'm extremely happy. Progress is good.

Even though I haven't been shopping that often, I decided to treat myself by buying a Sodastream machine. It basically makes tap water fizzy.

Why? Well, I drink tea and diet pop. With the latter, it's time to reduce the number of cans and bottles that contain pop. Instead, I can make my own carbonated drinks and reuse bottles.

I pick up my Sodastream machine later on today. I am looking forward to figuring out my new hobby!

Debt reduction update

I haven't written about my debt reduction progress for a bit, other than continuing to save money staying at home. Commuting to the office is gone. I don't fill up my car with gas all that often. I go out twice a week for groceries, essentials, and takeout to help my favourite restaurants out.

As a result, I have more disposable income. It has been great contributing to my retirement saving and regular savings accounts. I had to dip into the former when my debt situation wasn't great. I didn't have an emergency fund. My regular savings account is that emergency fund that I have wanted and needed.

I get paid this week. It's a huge turning point. I will be paying off my line of credit completely. I am thrilled.

I do recommend having a budget and sticking to it, no matter how great or grave your debt situation is. I have been using an Google Sheets spreadsheet for a while and it does wonders. It's a question of being disciplined sticking to your budget, which is the toughest part.

Fizzled chat

I think that my recent chat with a potential dating interest has fizzled. I'm oddly not upset by it.

On Friday, he said that I am always busy with work. I pointed out that it could be a potential problem. He took an early retirement. Already, his remark made me feel guilty for not being available for him.

I need to work. There are bills to pay. I am not at the stage for early retirement. Deal with it.

He apologized. I text him while I break at work. It doesn't seem like it's enough.

We have not chatted since I sent him messages on Saturday morning. He has seen my messages. He never responded to any of them.

It's better that we stop now, rather than getting serious and realizing that our career phases are out of sync.

Tired, but happy, especially with retirement fund changes

I returned home late on Thursday night, which was the main reason why I didn't post anything. I twas too pooped!

I returned my rental car on Friday morning, got a lift home, and then went into the office late. I did two productive tasks that had nothing to do work work.

First, I have a locked-in Registered Retirement Savings Plan (RRSP). It's my retirement fund where the fund came from a past employer's pension plan. I got it transferred after I left the company and the only type that I could transfer the money to was a Guaranteed Investment Certificate (GIC).

Well, the GIC has a yearly term, which has an end date set for a day next week. I wanted it changed to something longer and gave my bank a call.

I spoke to a nice, knowledgeable advisor. He said that I could switch my GIC over to mutual funds. The latter provides a better return on investment and I don't have to think about renewing it. Nice!

I also booked an appointment to see my doctor next week. It's a regular checkup. All is well.

Have a great weekend, everyone! I need to unpack and relax.

Optimism with finances

Things are looking good with my finances. By the end of this month, I should have paid off a credit card that started my debt issues. It has been a lot of hard work to pay it off. I am glad that I'm nearly there.

I have a loan that should be paid off by late May or early June. It's difficult to predict when the last payment day is. I made extra payments, which is throwing off how the last day is being reported. I dislike how inflexible computer systems are.

Anyway, I estimate that sometime in June, I will have more income to build up my emergency and retirement savings, and continue paying off more of my existing debt such that I don't need to care about maxing out my credit cards.

I'm so happy with my progress.

Tax return and financial health

On Sunday, I filed my tax return. It's nice to get it out of the way. I am roughly 1.5 months early filing it.

I am pleased with how things are going with paying off my debt and getting back on track. This year has some exciting changes:

• Number of credit cards paid off: 2
• Number of loans paid off: 1

I will also be focusing more on saving money. It's sad that I have had to abandon this practice for a while to pay off debt. It's important to have a decent reserve for emergencies. These days, it's my retirement savings and I don't want to dip into it.

I'll need to build up my retirement savings, which I am looking forward to. I'm optimistic and excited! It's nice to feel good about how far I have come.

Optimistic outlook on my finances

It's a long weekend for folks here. Let me tell you that it's much needed.

I am optimistic about my finances this year. A loan that I have had for nearly five years ago will be paid off at either the end of May or early June. This loan was to consolidate a large amount of debt. It frees up money to put towards other debt, which won't be a whole lot when I get there.

The toughest part is getting through the next three months. Last year, my debt situation required that I dip into my retirement savings. For years, I did not touch it. I had no choice last year. You get dinged for taking this money out before you retire, which will be reflected in my income tax return. My thinking is that I had to deal with being behind with my debt payments that it was worth the risk taking money out of my retirement savings.

With the loan payments being over in early summer, I will be able to put money back into my retirement savings and build it up. This plan makes me happy.

I have come a long way. It will be nice to get back to having my finances back in check.