New Year – New Financial Goals

Happy New Year! Around the world, there are many traditions to ring in the new year and to invite good luck in the next 365 days. From eating 12 grapes for each clock chime at midnight (Spain) to opening every door and window in your home (Ireland) to walking around your house with an empty suitcase (Central and Latin America), each tradition is hoping for [...]

New Year – New Financial Goals2024-02-07T11:31:15-05:00

Tips to Adjust for the Increased Cost of Living

September 6, 2022 Have you actually sat down and analyzed how much groceries have increased over the last year? When did the regular price of butter increase to almost $7.00? Since when did we think paying $1.45 a litre for gas was a deal?  Over-bidding on house purchases has become the norm – but over-bidding on a rental property due to low supply and high [...]

Tips to Adjust for the Increased Cost of Living2023-05-18T11:55:28-04:00

Take the 30 Day Savings Challenge

The cost of living has increased significantly, with gas prices at all-time highs and food prices expected to continue to climb by 5-7% in 2022. We understand budgets may be tight, but we challenge you to save $100.00 in the next 30 days. That works out to only $3.33 per day but will add up to $1,200.00 in a year.  Think of the peace of [...]

Take the 30 Day Savings Challenge2022-08-02T08:53:34-04:00

How to Pay Off Credit Card Debt

A recent internet search for “the average number of credit cards per Canadian” provided the following interesting facts: There were 76.2 million credit cards in circulation in 2021 (Source: Statista) 78% of Canadians have a reward linked to their credit card (Source: Payments Canada) The average Canadian carries 1.4 credit cards (Source: Canadian Bankers Association) As of 2021, the lowest among Canadian credit card rates [...]

How to Pay Off Credit Card Debt2022-02-22T14:23:38-05:00

Holiday Spending Tips

Have you ever calculated exactly how much you spend over the holiday season?  It may be easy to add up your gift purchases, but have you considered all the extra expenses for holiday meals and clothing, parties, hostess gifts, cards and gift wrap? If you have never added up all your expenditures in relation to the holiday season, take the time this year to track [...]

Holiday Spending Tips2023-01-31T10:57:22-05:00

Budgeting for Seniors Guide

Many seniors who receive limited pension income once per month find it very difficult to budget. These circumstances actually make it more important to budget to ensure sufficient funds for food and other necessities of life for the entire month. Steps to Create a Budget The first step in creating a budget is to make a list of all income received. Most seniors are eligible [...]

Budgeting for Seniors Guide2021-06-15T16:10:18-04:00

How to Budget While Repaying a Student Loan

We all know that funding an education is expensive.  The costs of tuition, books, a laptop, residence and food are significant.  Luckily, student loans are available in Canada to assist students to fund their education.  Unfortunately, student loans over a three or four-year program can leave a new graduate with a significant level of debt to repay. Student loans provide a six-month non-repayment period once [...]

How to Budget While Repaying a Student Loan2024-02-15T11:37:23-05:00

Tips on How to Create a Family Budget

Wouldn’t it be nice to have a plan in place of where you will spend your monthly income and how much you will put aside in savings?  A budget provides you with guidance on how much you will spend monthly on rent, food, gas, etc. to ensure you meet your basic needs.  A family budget should be created with input from the whole family to [...]

Tips on How to Create a Family Budget2024-02-15T11:36:47-05:00

Budgeting in COVID-19 Days

We are now in week 5 of living/working in a pandemic world.  The Ontario government has currently extended the Declaration of Emergency until May 12th, which means many people continue to be unable to earn their regular income. The government has provided income relief through several programs such as the Canada Emergency Response Benefit, increased Canada Child Benefit and a special GST/HST credit payment. To [...]

Budgeting in COVID-19 Days2020-04-30T09:45:50-04:00

New Decade Resolution (Budget)

The beginning of a new year marks the time to make resolutions for the coming year.   Eat healthier, exercise more, and pay down your debt – all worthy resolutions. The beginning of a new decade may prompt you to make bigger resolutions that hopefully you stick to for more than a couple of weeks. If you struggled in 2019 with your finances and have no [...]

New Decade Resolution (Budget)2020-02-03T10:43:32-05:00
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