Back to School: Shop On-line

by Moneyproblems TipsFri Sep 03, 2010 Money Saving Tips

In this fifth installment in our Back to School money saving tips series, after you start by Making a List, and then make an inventory of what you already have by shopping at home, and then make a budget, and then plan your shopping by not buying everything all at once, our tip today is [...]

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Back to School: Don’t buy everything all at once

by Moneyproblems TipsThu Sep 02, 2010 Money Saving Tips

In this fourth installment in our Back to School money saving tips series, after you start by Making a List, and then make an inventory of what you already have by shopping at home, and then make a budget, we arrive at another key piece of advice: Don’t buy everything all at once.  Here’s why:
First, [...]

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Back to School: Make a Budget

by Moneyproblems TipsWed Sep 01, 2010 Budgeting

In this third installment in our Back to School money saving tips series, after you start by Making a List, and then make an inventory of what you already have by shopping at home, the next critical step is to make a budget.
You only have limited money, so it’s probably not possible to buy everything [...]

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Back to School: Shop at Home

by Moneyproblems TipsTue Aug 31, 2010 Budgeting

As we continue our Back to School money saving tips, after you start by Making a List, the next step is to Shop at Home.
Your children will need pens, paper, backpacks, lunch bags, and new clothes. You probably already have some of those things already, at home. So, before you venture out to the [...]

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Back to School: Make a List

by Moneyproblems TipsMon Aug 30, 2010 Children and Money

Welcome to Tips for Back to School Week here on the moneyproblems.ca Tip of The Day.  Our first tip, as we get ready for back to school: Make a List.
Make a list of everything your children will need for back to school.  They will need clothes, school supplies, and perhaps also other items for their [...]

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How many credit cards do you need?

by Moneyproblems TipsFri Aug 27, 2010 credit card

Many people survive with no credit cards, so the answer to the question “How many credit cards do you need?” is zero.  You can survive without credit cards.
However, if you frequently travel and need a credit card to book a hotel room, or if you use a credit card for making purchases on-line, one credit [...]

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Cash Advances: A Warning Sign That You Have Too Much Debt

by Moneyproblems TipsThu Aug 26, 2010 Budgeting

Here’s a tip to determine whether or not you have too much debt: If you are using cash advances on your credit cards to “just get by”, you have too much debt.
Credit cards are fine as a substitute for cash, but if you are constantly borrowing to pay your living expenses, your expenses are too [...]

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Do you have a savings account?

by Moneyproblems TipsWed Aug 25, 2010 Savings Plan

Do you have a savings account? Is there any money in your savings account?  If you have no money in a savings account, why not?
A savings account is an excellent place for your “emergency fund” (two or three months worth of living expenses if possible), and it’s also a great way to save for the [...]

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Don’t Borrow to Cover Daily Living Expenses

by Moneyproblems TipsTue Aug 24, 2010 Budgeting

Yesterday we discussed not kiting your credit cards, meaning don’t use a cash advance on one credit card to make the minimum payment on another.
Today’s tip: don’t borrow on your credit cards to cover daily living expenses.  There is nothing wrong with using your credit card to pay for gas for your car each week, [...]

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Don’t Kite Your Credit Cards

by Moneyproblems TipsMon Aug 23, 2010 Financial Tune Up

Today’s Tip: Don’t “Kite” your credit cards.  Kiting is a term that means moving money from one credit card to the next.  You take a cash advance on one credit card to make the minimum payment on another, and then repeat in  reverse the next month.  Kiting simply increases the interest you pay.
A better solution [...]

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