Pictured: Shrinkflation in the kitchen

Pictured: Shrinkflation in the kitchen

I asked newsletter readers last week what they thought of contraction and guess what, nobody likes it. Virtually everyone said they would rather companies charge more for products than reduce package sizes and keep prices in line.

How much do people dislike shrinkage? Enough to send me lots of photographic evidence that I will share below. Introducing the Carrick on Money Gallery of Household Shrinkflation:

In the cereal cupboard:

In the refrigerator:

In the pantry:


Subscribe to Carrick on Money

Do you read this newsletter on the web or did someone email you the version? If so, you can sign up for Carrick on Money here.


Rob’s Personal Finance Reading List

June 2022 saver update

HighInterestSavings.ca reviews the latest developments in savings rates and GICs. Info here on US dollar savings accounts.

Why everyone should plan for early retirement

A smart approach to retirement planning – even if you plan to retire at age 65 or older, it’s important to plan for what would happen if you retired early due to health issues or loss employment. An article focused on the United States, but thematically relevant to us Canadians.

Living with an electric vehicle

I liked this article on the process of buying and owning an EV because it is detailed and balanced. Included is a spreadsheet on vehicle operating costs.

The long downwind of housing reverses

About 40 years of falling interest rates have helped fuel the housing market. Now the rates are steadily increasing. We are about to see housing demand meet its most severe test since the 1980s and 1990s.


Ask Rob

Q: My wife and I decided to move and downsize. So we rented a condo in a small town near Toronto. We are over 70 and both have health issues, but not too serious. We just sold our house and pocketed around $900,000. We already have $400,000 invested primarily in GICs. We both receive government pensions and another small work-related pension. What should I do with the $900,000?

A: Suggestion – book a consultation with a fee-for-service financial planner to discuss your current and future income needs and any ideas you have about financial assistance for family members. Find out how that $900,000 can help you achieve those goals and create a financial cushion for the rest of your life. Some planners can help you invest the money, others can give you general advice. But their financial planning services seem to be exactly what you need. Expect to pay a few thousand dollars and more.

Do you have a question for me? Send me. Sorry I can’t answer each one personally. Questions and answers are edited for length and clarity.


Today’s financial tool

Questions and answers for expatriate investors on dealing with Canadian investment dealers who are members of the Investment Industry Regulatory Organization of Canada. Key Point: “There are no IIROC rules preventing IIROC-regulated dealers from dealing with clients outside of Canada.


The cashless zone

I enjoy the book 305 Lost Buildings of Canada, which offers profiles and sketches of demolished heritage buildings in cities across Canada. A co-author of the book is Alex Bozikovic, architecture critic for The Globe and Mail. I read the other day about the Garland Building, which stood next to what is now the office tower housing the Globe office in Ottawa.


Tweet of the week

Bridget Casey, personal finance expert on inflation“I can’t travel, eat out, drive anywhere. We have moved from pandemic lockdown to inflation lockdown. good life to all. Ms Casey writes a regular column for The Globe and Mail – watch it here.


what i wrote about
  • Why parents should get their own finances in order before saving for their kids
  • What aging parents need to know about paying for their child’s wedding
  • Pickups and large SUVs cost us all more. It’s time to make these drivers pay their fair share

caption alert

Interested in being featured in the Globe’s Financial Facelift article? Email us about your unique financial situation at finfacelift@gmail.com. You can share your story under a fake name and our photographers will mask your identity in one of our Financial Facelift branded photos. We’re especially keen to hear from people without a defined benefit pension plan seeking advice on how to manage their finances for retirement and other financial goals. Here is a preview of a recent profile.


More Rob Carrick and Financial Hedging

Subscribe to Stress Test on Apple Podcasts or Spotify. For more money stories, follow me on Instagram and Twitter, and join the discussion on my Facebook page. Gen Y readers, join our Gen Y Money Facebook group.

Even more Rob Carrick coverage:

Do you read this newsletter on the web or did someone email you the version? If so, you can sign up for Carrick on Money here.

Leave a Comment

Your email address will not be published.