I love reading about personal finance. It’s been a hobby of mine for the past 20+ years. I’ll even go so far as to admit that I’m also an avid snoop – I love hearing about how other people spend their money. Are they investors? Do they like to be spontaneous with their cash? Maybe […]
…and your loved ones a very Merry Christmas!
This past year has cemented a long-held suspicion of mine when it comes to money. No one knows what the future will bring. People can prognosticate all they want, but that’s hardly a guarantee that their words are accurate. For months, the Hair-and-Teeth set of the financial media have been talking about the impending crash. […]
The TFSA contribution amount for 2022 is $6,000. And the very best day to make that contribution is January 3, 2022, so that your money is invested as soon as possible. The sooner you contribute to your TFSA, the better since tax-free growth only starts once the money is deposited. What’s that, you say? You […]
In 4 short weeks, the new year will have arrived. Hooray! Happy, happy, joy, joy! Kiss kiss to everyone! I don’t know about you but I don’t believe in new year’s resolutions. If I think changes to my life are going to make it better, then I’m going to implement those changes as soon as […]
A few weeks ago, I wrote about how inflation is a money-eater. I stand by that statement. Inflation makes everything more expensive. My cost of living is going up but my salary is staying the same. In light of inflation’s impact, I’m tweaking my emergency fund to account for it. In short, my emergency fund […]
If my various timelines are to be believed, Black Friday is officially next week. Retailers are running their marketing departments ragged, now that spending season is back. They want you online and in stores, wallets open! You are the prey and their inventory is the bait. They want your money and they want it bad. […]
For those about to invest, we salute you! There is now one less impediment between you and your financial goals. Back in the dark ages, which is when I first started my investment portfolio, buying securities through a brokerage was expensive. For many years, I had automatic contributions withdrawn from my bank account by a […]
As a non-expert financial person, my advice to nearly everyone is to adopt a buy and hold strategy because it works over the long-term. When the pandemic was declared in March 2020, the stock market took a dive. And it wasn’t a sweet, gentle decrease either. It was a stomach-churning drop that saw me lose […]
Quick! Do you have a variable rate mortgage? Has your lender given you the opportunity to lock in your next mortgage rate today since it’s up for renewal in the next 90-120 days? If the answer to either question is yes, then I’m going to suggest that you seriously consider locking down a fixed-rate mortgage […]