Posts Tagged ‘Personal Finance’

The most influential teacher your young child will ever have is you – their parent, especially Mom. Your children are considerably affected by how you use money on a day-to-day basis. Kids are watching and listening to you all the time, and they learn a lot through their observations. Your children’s future habits are being…

We love to have rules of thumb to guide us. They are designed to give you a rough idea of what to aim for so you can get started on your goals. A rule can sometimes help make decisions easier. However, it likely will not give you an accurate answer for your own personal situation…

We’ve reached the halfway point of 2016 so it’s once again time to take a deeper look at my finances and update my net worth. This year has been fairly quiet on the financial front. I continued to simplify our investments, this time by transferring a small RRSP account from Tangerine over to our TD…

Chances are good that one or both of you will have brought some form of debt with you when you entered into your relationship. You may also have accrued some debts together, or racked up more on your own since. Of all the financial issues you’ll deal with as a couple, debt is one area where…

One thing people get concerned about is losing their hard-earned money in a stock market crash or by making poor investment choices. But sometimes, even people with disciplined, well-thought out investment strategies lose money in their everyday lives just by being careless. What are some ways you could lose money? You could literally lose it…

Extreme frugality blogger Mr. Money Mustache and his family famously live on less than $25,000 a year. Of course, it helps to have a paid-off home and live in a relatively affordable town in northern Colorado. Getting around by bicycle or on foot also saves money on gas and keeps the family car-payment free. It’s…

Q. How long should you keep your financial documents? A. Many of us become paperwork hoarders simply because we’re too afraid to toss anything out – what if we need that 2003 bank statement some day? The period after tax season is a perfect time to cull your files, toss out what’s not needed, and get…

People often ask me for tips on how to improve their finances and I’m always eager to help. But rather than focusing on mundane money saving tips or talking about where the stock market is headed, I prefer to share lessons on the kinds of products and services to avoid. By steering clear of these personal…

When you become a couple you become a team, and both of your actions and expectations will define your future life together. Your choices today will shape your tomorrows. Keeping in mind your financial priorities, it’s time to create a plan for your spending and saving. The first and most important step to achieving financial…

It’s no secret that the roadmap to financial success starts with paying off debt, sticking to a budget, and saving for retirement. But there are other – not quite as sexy – financial priorities that often get overlooked when creating a financial plan. Indeed, I’m talking about the thrilling topic of building an emergency fund,…