The Cost Of Convenience Thirty or so years ago the concept of instant gratification simply didn’t exist. Several key innovations occurred over the years, which, when interacting with each other, provided the means for people to incur previously unheard of levels of debt. First Step The first stage was set by the banks. Sensing a…
Managing your money wisely is a skill that can transform your financial landscape. Let’s explore practical and frugal tips that can have a positive impact on your financial well-being. Remember, it’s the small changes that often lead to significant results. Create a Budget Start by creating a simple budget that outlines your income and expenses….
It’s early January and I’m seeing a blitz of commercials promoting low fee investing services. The timing of these ads is no coincidence as people are fresh into New Year’s Resolutions and wanting to ensure a better future. So is all this hype about reducing investing fees really true? Do those higher fees make a…
Completing an Annual Financial Checkup Completing an annual financial checkup is akin to giving your finances a health check. It involves a comprehensive assessment of your financial situation – ensuring it’s in good shape and helping you plan for a financially secure future. Here’s a detailed breakdown of the steps involved. Start by going through…
Imagine a simple world where we don’t have to worry about our future. We work our entire lives and the government simply sets a magical age for retirement. We get loads of pension money as our reward. While this is a novel idea, it doesn’t sit well with our leaders for many reasons. Costly Idea!…
There’s an old joke about the drunken sailor who was asked if he had a financial plan. Well, sure he said “I spend a third of my money on women, a third on drinking and the other third I spend foolishly”. While it’s meant to be a joke, unfortunately it describes how many people are…
Which of these financial plans best describes your lifestyle? Before we talk about your financial-lifestyle management type, we should first establish your goals and ambitions. If you don’t know where you want to be in 5, 10, 20 or 50 years, how can you possibly know if you are working towards it? If money was…
TFSA or RRSP? Okay, it’s February and the same question pops up every year at this time. Do I put extra money into an RRSP or a TFSA????? Before making that decision let’s begin by seeing how these plans work. Canadian Registered Investments In Canada we have two common registered investments, the Registered Retirement Savings…
Are you drowning in debt and eager to break free? You’re not alone. Countless individuals have successfully reached financial freedom by adopting practical strategies. Check out the following actionable steps that can help you pay off debt efficiently and make your life debt free. Face Your Debt Head-On First things first, confront your debt. List…
Financial Survival Amid Uncertainty It has been said that the only certainty in life is uncertainty. Well we are definitely living in uncertain times. Having been through a devastating pandemic we’re all returning to normal, but it really isn’t the normal we left behind. The future certainly holds some surprises that will make financial planning…