Personal finance for singles looking to finance their dreams.
At the time of his point, there are 26 days left in 2023. Hard to believe that this year will be done in little over 3 weeks, but that’s the reality we’re living in. Maybe you should take a few minutes to think about 2024 and your money goals for the upcoming year. If you […]
Three little words. These three small words have the power to change your financial destiny if you make the choice to implement them in your life. Invest the difference. What does that mean? In a nutshell, it means you should be living below your means. The LBYM-lifestyle translates into always having a gap between what […]
Before you get too far into the craziness of the Spending Season, take a few minutes to reflect back on the past year. The next 6 weeks will be filled with the AdMan’s best efforts to get you to part with your hard-earned money. His one and only goal is to make you spend. Cash […]
A very popular shopping day will be arriving near the end of November. How do I know this? Rest assured – the Marketing Machine will not allow me to forget about it for one single instant! Everywhere I go online, there’s an ad about the “low, low prices!” I’m encouraged to “act now” so that […]
Hear me now! Your TFSA should be for investing. Don’t use it as a savings account for your emergency fund or as a sinking fun for stuff. In 2024, the contribution room for the TFSA will go up to $7,000. Please don’t tell me that you can’t afford to save $7,000. What can you afford […]
It’s expensive out there. Staying at home with a cup of homemade coffee, snuggled under my favourite throw, and reading a long-anticipated book is a cheaper use of my time. And it’s just as satisfying to me as anything I pay for outside my home. I don’t know about you but it’s expensive to leave […]
Today, I read a very sad story about a 76-year old man who sold his home when his mortgage payment went up. Presumably, the story was about the impact of rising mortgage rates and the lack of affordable housing in Calgary. In reality, what I took from the article was an appreciation of just how […]
People like to talk about their salary when asked about how much they earn. This is hardly surprising, since annual salary is nearly always a larger amount than what you take home. Net income is what you received after taxes and deductions have been subtracted from your gross salary. Whether you get direct deposit and […]
Credit cards are an exceptionally useful tool if used correctly. However, they can also cause great financial harm when the basic rules of use are ignored. There are two terms that you should know: deadbeat and revolver. Deadbeats do not carry credit card balances from one month to the next and they reap the benefits […]
Many people think of retirement as a function of age. They think that it arrives at the age of 65 or 70, and that retiring sooner means an “early retirement”. To my mind, this is wrong. Your retirement date is a function of your money. If you don’t have enough money in the bank to […]