Gaining control over your finances is a lofty goal that everyone should try their best to achieve. No matter how much you make, saving money is a largely important aspect to healthy finances. Many people are stumped as to how they can save money and take control of their bank accounts. The truth of the matter, it doesn’t have to be … [Read more...]
How to Become a Super Saver
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A powerful tool when it comes to building wealth is to create an environment conductive to spending and having less. This concept starts with the goal of saving for the future while keeping your household’s monthly cash flow lean. Rather than creating tedious monthly budgets, this strategy can slow down the spending in your household in a powerful way. … [Read more...]
Hobbies That Can Help Put Money in the Bank
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Stanislaw Mikulski | Shutterstock.com One of the best feelings in the world is doing what you love and making money doing it. Not a lot of people have the opportunity to make money doing what they’re passionate about it. Fortunately, if you’re zealous about any these hobbies, you can transform your hobby into money in the … [Read more...]
How to Budget and Spend Wisely with an Envelope System
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How to Budget and Spend Wisely with an Envelope System with free printable monthly budget sheets and money envelopes in cute prints! If you have not done so already, following a budget is a great way to secure your finances. By using a budgeting system, you will be able to calculate your expenses, as well as set aside a certain percentage of your income into your savings … [Read more...]
10 Ways to Get the Most out of your RESPs
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Take note of these great tips and you can get the most from your RESPs so that your child can worry about their grades and not about paying tuition! After your child is born, you will probably find yourself worrying about many things. One of those things is likely about your child's education and whether or not you should invest in … [Read more...]
52 Week Money Saving Challenge with a Twist
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Saving money can be hard. Not only do you have your every day expenses to take care of, you also have to worry about those unexpected expenses. Although setting aside money for an emergency fund or retirement plan are both great ways to gain financial freedom, you also need to set aside money for your savings. This money should be accessible for those unexpected … [Read more...]
How to Teach Your Preschooler Financial Literacy
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You are probably wondering, how in the world can I teach a 3 or 4 year old financial literacy? Preschool aged children are the perfect age to teach this too because in their world, everything is fun, new and exciting. Plus there is no better time to start setting the foundation for good financial habits that will last a lifetime. The key to teaching your … [Read more...]
Meal Planning As a Financial Tool
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Meal planning has many benefits. It allows a family to cook meals that everyone likes, ensures meals are balanced and more. The biggest benefit to meal planning though is a financial tool to help arrange family expenses. Meal planning is considered a financial tool as families are able to easily control the total amount spent on groceries. There are just … [Read more...]
Switch to No-Fee banking easily with the Tangerine Switch Assistant
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When ING DIRECT first opened in Canada my parents loved the idea of a bank that could offer no fees, higher interest on savings and no service charges. In fact, they liked it so much that they opened up an account for each of us to start putting our savings into. Things have changed since then, including a name change to Tangerine but they still offer a … [Read more...]
7 Easy Ways to Save Money on Meat
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Your grocery bill can get out of control, especially if you’re cooking for a family. This is especially true when it comes to spending money on meat for your family. Fortunately, saving even a little bit of money on meat is possible, which is only good news for your budget. Not sure how to save on meat? Check out these five frugal ways to save on … [Read more...]
How to Successfully Generate Multiple Streams of Income
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Are you sitting at home and wondering how you can bring a little bit more money into your home? Well, you can keep a steady stream of reliable income flowing in with multiple streams of income. It’s not hard to do, and just one idea can spark other income potential and generate multiple steams of income. Diversifying your income is a great way to be able … [Read more...]
How to Survive a Layoff: The Essential Layoff Survival Guide for Canadians
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If you are faced with a layoff, it may feel like the end of the world, but it’s definitely not. You’ll be taken through a lot of financial and emotional turmoil, but you can take steps to prepare you and your family for what lies ahead. You can survive a layoff and even come out on top. I am completely confident it is possible. If you are a regular reader you … [Read more...]
11 Best Practices That Can Help You Avoid Losing Money
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Have you ever felt like your paycheck goes towards everything but yourself? Part of this could be because you are throwing your money away on simple things that can be avoided. This guide has 11 tips to help you avoid losing money so you have more to spend on the luxuries in life. Avoid Tickets at All Costs Most people do not like giving away money to someone else and … [Read more...]
How Much Do You Need to Retire Comfortably?
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How confident are you that you will be able to retire at 65? Or, will you be among the many Canadians nearing retirement age that feel they are not going to be able to retire at 65, but closer to 67, as Jacquie McNish, co-author of the book, “The Third Rail: Confronting our Pension Failures” has stated? It’s amazing how many people are truly unprepared and have no … [Read more...]
