So, on Monday I told you about all of my fun, ambitious savings goals for next year, right? Well, today I’m going to tell you about some of the new, not so fun categories you’ll be seeing in my budget starting next month. What could they be, you might be wondering… I’m talking about health benefits and insurance policies. Get excited, friends! Ok, don’t. But hear me out.
In September 2012, I quit my job in the BC Public Service, where I had a pension, benefits, short- and long-term disability, etc. to take a more rewarding career in a small company where I would have none of that. Has it been worth it? Yes. A million times, yes! But that doesn’t mean it hasn’t had an effect on my budget. The reason I’m putting so much into my RRSP right now, and even more in 2014, is because I don’t have a pension to fall back on. As for benefits: I’ve been living without those ever since, and I’ve had to hand out a couple wads of cash because of it.