Christmas 2018 has come and gone, which means that a brand new year is nearly upon us. Does anyone else wonder how an entire year can pass by quicker than two shakes of a lamb’s tail??? And does it also not seem like the holidays cost money every single year? I don’t know about you […]
One of the easiest ways to cut down the amortization of a mortgage is by making bi-weekly payments. A bi-weekly payment is one where, every two weeks, your mortgage lender makes a withdrawal from your bank account for the purpose of paying your mortgage. If you’re paid on a bi-weekly schedule, then there’s absolutely […]
I want you to know that I use credit cards. Frankly, I love the convenience of them. When I don’t have time to run to the bank machine to grab some cash, it’s very comforting to know that I can slide my credit card out of my wallet and still buy whatever it that I […]
Buying a new vehicle is not a decision to be undertaken lightly since the financial ramifications can put a serious crimp in your cash flow for a very long time if you’re not careful. Check out this article on how Canadians are taking out lengthy car loans to minimize the monthly payment. Think about it for […]
In 2015, I decided to eliminate my subscription to cable TV. Was it easy to do cut the cord? NO! It honestly took me close to a year to call my cable provider to cancel my subscription. It took me another 6 weeks to return my cable box and the various cords that connected my […]
The first time I learned about a F*ck You Fund was when I read an online article from Paulette Perhach. I was blown away by the idea and immediately went to my own numbers to see if I had inadvertently created such a fund of my very own. Short answer – yes, I have! Props […]
One of my life’s goals is to build a nice, solid flow of passive income without getting a second job. The way I decided to do this was by building an investment portfolio using a dividend-paying exchange traded fund (ETF). I think of the individual units in my ETF as Little Money Soldiers whose sole […]
This most excellent advice came to me from a highly trusted source – my mother. While we were on our most recent vacation together, I asked her what she believed was the most important lesson to learn about money. In four words, she summed up the cornerstone of every personal finance blog I’ve ever come […]
I got my first part-time job in grade 11. Every two weeks, roughly $137 was plopped into my bank account via electronic deposit. And every two weeks, I would go to the bank machine and manually transfer $50 from my chequing account to my savings account without fail. It was simple and easy. When I […]
That’s right – I don’t spend my $5-bills. Many years ago, I heard a story on Oprah about how one of her guests never spent the change in his pocket and would empty it into a little jar by the side of his bed each night. The coins added up to rough $700 in a […]