Post by Murray Lincoln on Dec 17, 2010 5:07:36 GMT -5
I worry a lot as a Newly Retired Pastor. When I "retired" my income dropped by about 45% in the first year. This year it dropped again in the second year.
The announcement in Ontario that the cost of Electricity will rise steadily over the next years until the estimate for the monthly electrical bill will be three times what it is now... is frightening when our income is what it is now and it will not rise. Now we just barely pay the bills and are turning lights off all the time. As well there will be a new metering system installed now and turned on soon... which has already increased some folks electric bill in astounding ways.
Our New City Mayor and Council has just announced that property Taxes may go up another 2% to 3% this next year... meaning that another $100(or more) is going to be needed. We just went through the reassessment of our property taxes and it had already jumped in a nightmare.
There is no longer a cost of living increase... specially on Pension money
I may well be getting another job real soon.
How about you?
The announcement in Ontario that the cost of Electricity will rise steadily over the next years until the estimate for the monthly electrical bill will be three times what it is now... is frightening when our income is what it is now and it will not rise. Now we just barely pay the bills and are turning lights off all the time. As well there will be a new metering system installed now and turned on soon... which has already increased some folks electric bill in astounding ways.
Our New City Mayor and Council has just announced that property Taxes may go up another 2% to 3% this next year... meaning that another $100(or more) is going to be needed. We just went through the reassessment of our property taxes and it had already jumped in a nightmare.
There is no longer a cost of living increase... specially on Pension money
I may well be getting another job real soon.
How about you?