We all have elements of our lifestyle that are important to us, and if saving for vacation is important to you, then so be it. Don’t feel bad about it, all you have to do is plan for it and realize that there is an element of trade off. If you value saving for a … More How can I afford a vacay and still save money?
The first thing many do before crossing the border is visit the local bank and exchange their hard-earned loonies for a handful of US greenbacks. While this method of converting currency comes with the advantage of convenience, it certainly doesn’t come free. We actually pay a hefty premium for the privilege of doing business with … More Get cheaper rates for exchanging currency
Who doesn’t like to receive a financial help? Whether it’s a birthday, graduation or wedding, $10 or $10,0000, while the benefactor (the person giving the gift) is alive or as a result of their death, it is common to provide financial gifts to loved ones. But what are the tax implications of receiving financial gifts? … More Tax implication of gifts and estates
Everyone who’s ever borrowed money to buy a car or a house or applied for a credit card or any other personal loan has a credit file. You’ll be surprised by the amount of personal financial data in your credit report. It contains information about every loan you’ve taken out in the last six years. Whether … More What is my credit score? And how does it affect my financials?
I know you know that financial services in make tens of billions of dollars in profit every year, and where there is profit, there is bias. You’ll run into your fair share of aggressive sales pitches, not so caring advisors, or the smooth talker. Knowing how the financial advisor is paid can either remove this … More How do I get serious about making money? do I need to choose the right financial planner, do they have my best interests at heart?
The first thing before anything else, is to know exactly how much debt you have, where it is, and what interest rate you are paying. It would be optimal (or preferable) to consolidate your debt to one place ideally with the lowest possible interest rate. If it isn’t possible to consolidate your debt, it’s recommended that you … More Cutting the fat
I think most people would agree that budgets can make you feel constricted, weighed down, and want to poke your eyes out. I know budgets feel like you are putting your money on a diet, and is NO FUN. First of all, I don’t blame you at all for feeling that budgets are complicated. So let’s … More Sticking to the budget plan
Budgeting and saving is sometimes challenging for most of us and the educational system doesn’t do us justice with little to no information on financial independence. Add to that the fact that you do not have secure or consistent income. So how do you manage and save? What if you are on commission or unsure of the … More Managing with what you have