Author Archives: Gail Vaz-Oxlade

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About Gail Vaz-Oxlade

Gail Vaz-Oxlade is the Gemini-award winning host of Til Debt Do U$ Part, Prince$ and Money Moron. She hosts The Monday Night Late Shift on NewsTalk1010 where she talks about life, the universe & everything. Gail blogs daily at gailvazoxlade.com and contributes to moneyproblems.ca. Gail is determined to eliminate financial illiteracy in Canada, and encourages people to join MyMoneyMyChoices.com to raise their Money IQ. Her books include: Debt-Free Forever, Easy Money, Never Too Late, Money-Smart Kids, It’s Your Money, Money Rules and Saving for School. You can also follow her on twitter @GailVazOxlade.

Canadians are carrying record levels of debt and the financial tactic that could improve things is the first thing to go when getting rid of that debt becomes Job #1. I applaud anyone who wants to get rid of their consumer debt as fast as they can. But having a… Read more

You make $16 an hour. That barely covers your rent & food. If you want a new pair of boots or you have to get something fixed, the only way is with a credit card. So when did credit become money? It’s a good question, isn’t it? After all, isn’t… Read more

We have all bought things that didn’t turn out to be quite as wonderful as we thought they would be. Maybe it was something small, like a new houseplant. Maybe something big, like a car. Whatever it was, once we saw the flaw, we either learned a lesson or we… Read more

Whenever folks are asked what they’d wished they’d known about money sooner, most people (particular those approaching retirement) say: Saving and the power of compounding, Lifestyle inflation and the debt slavery that it can lead to, and How to save on the big and small things in life. So much… Read more

Here are a couple of words you don’t see put together much: hyperbolic discounting. It’s what the whole Marshmallow Test is all about and it’s yet another cognitive bias that helps us make quick decisions that don’t always work out for the best. In the 1960’s a psychologist named Walter… Read more

If you’re one of the people who is watching as jobs in your industry evaporate, no doubt you’re beginning to twitch. Job loss comes with two big stressors. First, there is the financial stuff that you need to figure out. Second, there is the emotional misery that you must wade… Read more

Who doesn’t love  good sale? But when bargain hunting, coupon clipping, or shopping as a hobby becomes the objective, you and your budget are likely headed for big trouble. Have you heard yourself say, “But it was such a good deal!”? Hmm. If you’re spending money on credit that you’re… Read more

Ever made a decision and then wanted to kick yourself in the butt? You’re in good company. It seems that when it comes to making decisions, we only look like we’ve thought it through. So much depends on our “cognitive biases”: the short-cuts we take to help us make decisions… Read more

People equate financial freedom with being rich. What exactly is “rich” anyway? Ask a dozen people how much money they’d need to feel rich, and you’ll get a dozen different answers. Give them some money, ask them again, and watch the bar for “rich” rise. If, like me, you define… Read more

I’m a big believer in budgets. I’ve had one since I was about 20 years old. It’s changed a lot over time, but I’ve always had the guide firmly in place so I know what I’m going to do with my money. And so I know where I can “steal”… Read more