Dollars go in, dollars go out
Feb. 1st, 2026 10:40 pmI think the time has come to get more careful about budgeting, in that I should have one and track it. I'm not worried about running out of money, but I need to demonstrate to myself that in fact I do have sufficient cash flow to afford small things like spending $30 on something that might not work out or yes, in fact I can probably afford big things like taking a trip this winter. Not that long ago I would have just spent money on both of those without thinking about it too hard.
It's just challenging to wrap the head around these facts on vibes only when I am also dropping five-figure cheques or pushing thousands through the credit card to pay for things like appliances. My brain errs on the side of caution.
As I've observed before, I usually just use "spend less than you make" as a budget, and while it has the advantage of being brief, at this point I may actually have to consider how many dollars I will need to keep on hand at various times as I continually rebalance my accounts, not least of all aided by Canadian banks who have seem to have given up on giving good deals on savings to existing long-tenured customers in favour of short-term rewards for new joiners.
Speaking of, it might be time to finally close the ING DirectTangerine savings account I've used as my primary short-to-medium term holding since, uh, 2004? Tangerine (now a subsidiary of Scotia) has long-abandoned ING's simple business plan of "here's the best interest rate on savings in the market, just don't expect any frills". After resisting for some time, I did finally open a savings account with my primary chequing bank CIBC (a chequing customer since, um, at least 2002), but their rates are also unimpressive.
At least I still get a good deal on my mortgage, I guess. For the few things one occasionally needs a full-service retail bank with branches and everything, CIBC is as good as any of the others, so I don't see myself parting ways with them completely any time soon. But maybe it's time to open yet-another savings account to earn an extra $60/month. That would at least pay for some experimental purchases.







