Category Archives: Budgeting

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

“The goal isn’t more money. The goal is living life on your terms.” – Chris Brogan While we all know that saving makes sense, not enough of us are actually doing it. Ever since credit cards were introduced in the early 1980’s, the savings rate in Canada has steadily dropped…. Read more

I hate overdraft protection. Hate it with a purple passion. Why? Well, in principal it’s a good tool to have when you’re in transition. When your life is in turmoil, it’s nice to have a safety net to protect your credit history. But IN PRACTICE most banks let you treat… Read more