Personal Finance

After tracking my monthly spending with a budget for over a year, I decided that I needed to look further ahead and so I created a spreadsheet to forecast income and expenses over an entire year.

Someone has to buy the new cars so that others can buy them used when they’re sold. However, you won’t be buying my car as I plan to keep it until it dies a natural death – 15 or more years from now.

I recently purchased a brand new 2011 vehicle. I know what you’re going to say: I wasted my money, that I lost at least $3000 the minute I drove it off the lot…

They say it’s better late than never, but thinking over the things I’ve done (or not done) in my adult life, there are some lessons I wished I had learned sooner.

What would it take for me to switch banks? There are advantages to using a full service bank, such as negotiating for free banking when renewing your mortgage…

One of the drawbacks of tracking every penny that you spend is that when something comes up that you didn’t plan for, you have to make a decision whether to stick to your budget or to loosen your purse-strings.

We have recently made the adjustment to single-income living after deciding that my wife would become a stay at home mom and look after our daughter.

Should you keep all your accounts, loans and investments at one financial institution, or spread them around? When I worked for a bank, when I had a new customer referral – for a mortgage, say – the goal was to transfer in all of their financial accounts. The reasoning behind this was that it would be more difficult to leave the bank once everything was set in place, and it’s true…