Three Ways Money Flows

Both your quality of life and the size of your bank account matter. How would you rate the quality of your life? And how would you rate the quality of your bank account? You may not realize it, but the decisions we make every day about the quality of our life impacts our bank account […]

What happens when you only pay the minimum balance on your credit card. There are some areas in life where you can get by just fine by doing only the minimum or putting in the least effort required. For example, if your clothes end up on a chair at the end of the day rather […]

Credit score range… where do you stand? Your credit score is a numeric expression of your behaviour with money from the eyes of money-lenders (for example a bank) at a given point in time. It is important to have good credit, even if you don’t think you need it. In Canada, there are several different […]

Cash, debit or credit… what’s your payment preference? Most of us put very little thought to how we pay for everyday purchases.  In fact, I would go so far as to suggest that our method of payment is so automatic, that we don’t even stop to consider why use cash, debit or credit or the […]

Taking advantage of an employer matching program is like getting free money! Free money is sometimes attainable if you know where to look. I’m baffled at the number of people who do not take advantage of an employer matching program, which can be considered free money. Many companies both large and small can have employer […]

Here’s my best money saving tip; know the trade-off! My best money saving tip when saving for something really big is to break it down into bite sized micro-saving goals and understand the trade-off. It is very common to get overwhelmed when you are saving for something really big. It is easy to think that […]

Let your money reach it’s full potential with compound interest. According to Albert Einstein, compound interest is the 8th wonder of the world.   Compound interest is interest added to a principle amount, which in turn earns additional interest. To clearly understand compound interest, it is best to contrast it with simple interest.  With simple […]

Have you been building an emergency fund? Ever notice how the rain bothers you most when you’re caught off guard? When you’re wearing a fabulous outfit and your hair looks great. We all know to expect rain, so why don’t we always find ourselves prepared? If you had rain boots, an umbrella and a good […]