Net Worth Update And Year-End Review

I like to review our finances at the end of the year so that I can update our goals and objectives and calculate our net worth. There was a lot going on in 2012.  Here’s a quick recap: Expenses Owed additional taxes for the first time in my life which resulted in a $2,000 bill.…

Read More

Have You Been Regifted?

The Christmas gift from your sister Barb is beautifully wrapped and beribboned. The card attached to the outside includes a thoughtful note. Tucked inside the box is a small envelope with a Bridal Shower card inside it. The envelope is addressed to Barb, and inside is a card signed by Shelley. You have been regifted,…

Read More

Why Budgeting Is Not A Waste Of Time

The key to building a strong financial plan for the future is to understand how much money you’re currently spending and saving.  Budgeting and tracking your expenses can give you the knowledge and control you need to get through the various financial changes in your life. We started budgeting and tracking our spending a few…

Read More

How To Calculate Capital Gains And Adjusted Cost Base (ACB)

Capital gains are profits you earn through buying and selling capital assets.  These include, but are not limited to, stocks, mutual funds and bonds. In the US, the IRS estimated that it was losing $11 billion per year in tax revenue by taxpayers misreporting their capital gains.  As a result, in 2011 they implemented new…

Read More

Should You Pay Off Your Mortgage Early Or Invest?

One of top priorities for many Canadians is to pay off their mortgage early.  A recent survey showed that current homeowners believe they’ll be mortgage free by the time they’re 55, which leaves a short window of opportunity to ramp up their savings before retirement. To reach mortgage freedom faster, you can capitalize on today’s…

Read More

Email Money Transfer: A Convenient Way To Send Cash

More and more Canadians are embracing the convenience of using an email money transfer to send money quickly and easily to friends and family: from splitting the bill at a dinner party to chipping in for birthday and Christmas presents. An email money transfer is a fast and secure way to send and receive money…

Read More

Investing In Collectibles

Some people have become disenchanted with conventional investments.  With uncertain stock returns and low interest rates many are switching to such unconventional assets such as art and collectibles. Is art an asset or investment? Art as an investment has been considered an interesting and profitable alternative.  Art sales are thriving, with buyers eager to own…

Read More

Why More Banks Are Extending Hours, Opening On Weekends

With the growing popularity of online and mobile banking, it stands to reason that branch banking hours should be on the decline.  A decade ago, full service branches were being replaced by smaller satellite branches and ATM-only locations. But banks are staying open longer to meet the needs of our busy lives, offering extended weekday…

Read More

Join More Than 10,000 Subscribers!

Sign up now and get our free e-Book- Financial Management by the Decade - plus new financial tips and money stories delivered to your inbox every week.