Who has the time to remember to save? No one. That’s why you should automate your savings. Why should you stress and worry about putting money aside every single month? The answer is, you shouldn’t and you don’t have to if you automate your savings. Many financial experts will tell you that you should “pay […]
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Lifestyle creep: Are You Allowing it to Sneak Up On You? I had a disturbing conversation with a friend the other day, where she told me about her new promotion which came with a parking spot right outside her new office. I asked her, “What are you going to do with the parking spot, since […]
Have you heard the expression ‘throwing good money after bad’? Well this idiom can also be applied to understanding sunk costs! Let me explain… have you ever spent money on an item or experience and later, had to pay more money towards the same original expense? This could be considered throwing the good money after […]
Do you know your net worth? Net worth is probably one of the simplest ways to have an overall snapshot of how you are doing financially. It takes into consideration your assets (everything you have and own) and all your liabilities (everything that you owe) and it’s all tied together in one number… Ta Da! […]
Tax Free Saving Account: TFSA contribution room should be maximized by all. The relatively new TFSA is an account that encourages saving and has tax benefits as well as a designated TFSA contribution room. Any tool that allows for you to keep more money in your own pocket is a good tool! Every year you […]
