From the category archives:

Budgeting

Don’t Budget

by Moneyproblems TipsMon Jan 02, 2012 Budgeting

Conventional wisdom is that you need a budget to manage your money.  It’s true that having a budget makes it easier to analyze where you are spending money, and to find places to cut expenses to pay down debt, or to save money.
But making a budget is hard.  Keeping it up is even harder.
So, don’t [...]

Tagged as: Budgeting, don't budget, monthly budget, personal budget

Read the full article →

Credit Education Week - The Sandwich Generation

by Moneyproblems TipsWed Nov 16, 2011 Budgeting

This year the theme of Credit Education Week is “The Sandwich Generation”, aimed at adults who are supporting both their children and their elderly parents.
That’s a difficult financial position to be in, so if you are under that level of stress, the starting point is to make a very detailed household budget.
If you know exactly [...]

Tagged as: Credit Education Week

Read the full article →

Credit Education Week - Get Unbiased Advice

by Moneyproblems TipsTue Nov 15, 2011 Budgeting

This is Credit Education Week in Canada, and today our tip of the day is simple: get unbiased advice.
Banks want you to get a debt consolidation loan, and payday loan companies, of course, want you to get a payday loan.  Of course payday loans are not the answer to your financial problems, and a debt [...]

Tagged as: Credit Education Week

Read the full article →

Credit Education Week - School The Lenders

by Moneyproblems TipsMon Nov 14, 2011 Budgeting

This is Credit Education Week in Canada, where we are all supposed to learn about credit.  Perhaps this year we should do the opposite: we should teach lenders about credit.
Gail Vaz-Oxlade, host of the TV shows Till Debt Do Us Part and Princess, is suggesting that it’s time to School Lenders, meaning they need to [...]

Tagged as: Gail Vaz-Oxlade

Read the full article →

Think Before Re-Mortgaging

by Moneyproblems TipsTue Nov 01, 2011 Budgeting

How NOT to deal with your debts Tip of the Day:
Don’t re-mortgage or obtain a second mortgage on your house if you can’t afford the increase in mortgage payments. True, your credit cards may be paid off, but if you can’t afford the mortgage(s), you could have a new set of problems to contend with.
Make a [...]

Read the full article →

Beware of Gift Cards

by Moneyproblems TipsMon Apr 04, 2011 Budgeting

As we have discussed before, gift cards are a great gift if you can’t figure out what to buy someone.  However, if the store the gift card is from goes bankrupt, your gift card is usually worthless.   Here’s a television story with more details:

To protect yourself, if you get a gift card, use it as [...]

Tagged as: gift card

Read the full article →

Take advantage of reward points, but be careful

by Power SpendingThu Mar 03, 2011 Budgeting
Thumbnail image for Take advantage of reward points, but be careful

If you need to make a purchase anyway (such as weekly groceries), use a payment option that gives you some form of reward.

Power Spending
(eBook)

$14.95

For example, every time you use your debit card, you can get points towards seeing a movie at a theater for free. Several times a year you and your spouse and kids [...]

Tagged as: credit card

Read the full article →

Keeping up with the Joneses Leads to Disaster

by Power SpendingThu Feb 24, 2011 Budgeting
Thumbnail image for Keeping up with the Joneses Leads to Disaster

Do you feel pressure to have the latest clothes, or cell phone, or car, or whatever it is that your friends have?

Power Spending
(eBook)

$14.95

Watch out for the “Keeping Up With the Joneses” syndrome-known as Social Conditioning.
The very powerful social pressure to appear to be well-off can cause you to make foolish purchases if you are not [...]

Tagged as: budget, keeping up with the joneses, Power Spending

Read the full article →

Another Money Saving Trick at the Grocery Store

by Power SpendingThu Feb 17, 2011 Budgeting
Thumbnail image for Another Money Saving Trick at the Grocery Store

Yesterday we discussed the tricks grocery stores use to get you to spend more than you should. They use bright colours, the smell of freshly baked goods, and free samples to get you to part with your hard earned money.

Power Spending
(eBook)

$14.95

Here’s another grocery store trick: Grocery stores stock more expensive, name-brand items at eye-level. In [...]

Tagged as: grocery bill, grocery store, save money

Read the full article →

A little self-study can go a long way

by Power SpendingMon Feb 14, 2011 Budgeting
Thumbnail image for A little self-study can go a long way

There are six areas of financial planning:

Power Spending
(eBook)

$14.95

Cash management, risk management, investment planning, special needs planning, estate planning, and tax planning.
All of those areas could be done with the help of a financial advisor, but one area, cash management, is something you have direct and immediate control over and something you can improve on [...]

Tagged as: and tax planning, Cash management, estate planning, investment planning, risk management, special needs planning

Read the full article →

← Previous Entries

© 2012 Moneyproblems.ca Inc. All Rights Reserved.  Terms of use