Category Archives: Budgeting

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

Personal finance author David Bach is perhaps best known for his trademark phrase “The Latte Factor.”  In short, Bach suggests that by cutting out some of the small extravagances in our lives, like fancy coffees or lattes, people can save money for their futures, and with the power of compound… 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

Being good with money isn’t just about making lots and lots of it. It’s about learning what to do when you get your sticky paws on it. There are heaps of people making big money who don’t have two red cents to rub together. Driven by emotion or determined to… Read more

There are a few subjects in personal finance as controversial, or at least in multi-opinion generating, as the question of who, when, and how much to tip. Is a 15% gratuity the standard for a restaurant visit? Is it 20%? How much should you tip the pizza delivery dude? Your… Read more

Credit card rewards programs can provide us with a nice bonus when used carefully. The downside is they can often tempt us to overspend and any bonus that we get can be quickly erased. Another point to keep in mind is that if you can’t pay the balance in full,… Read more

We often make the most common money mistakes.  None of these bad choices from Gail Vaz-Oxlade should be a surprise to you, but if they are, it’s time to do something better. As Gail says, don’t be a money moron. You’re procrastinating on making a will. More than half of… Read more

When I was a kid I had a red yo-yo. In fact, I still have it and every once in a while, when the mood strikes me, I wrap the string around my finger and give it a whirl. It gives me no small amount of joy every time I… Read more

If you’re like many people, a mortgage is the biggest financial commitment you will make in your life. Because it is such a big obligation, it is important to understand how mortgages work. Let’s start by looking at the concept of amortization. Mortgage amortization refers the length of time it… Read more

You can’t have it all. You can’t buy what you want, ignore your student debt, and assume you’ve got lots of tomorrows to begin to build your finances.  You need to set your financial priorities today and build a plan that will make it happen. Here are five simple money management tips… Read more