How To Create the Right Emergency Fund By: guest author ‘Alicia Sanders‘ Unfortunately, we live in complicated financial times when lots of consumers complain that they don’t have an opportunity for saving money because their budget is really tough. Many Canadian consumers don’t have any savings and that’s why when an unexpected financial problem arises…
Category: Saving
It is January 1st, 2012: Get started with Saving NOW!
Happy New Year! Having cleared that out of the way and all the celebrations that come with a new year, let us get down to business. Yes, right here and now, on January 1st. We don’t have much time to waste. Not even having an extra day from this being a leap year is an…
Want to make that big purchase so bad? Then start planning last year!
Like everyone else, I occasionally see something I really like and want to get it that moment. Problem is, it may not be anything I can easily afford. It could be something big, say a nice car, a new electronic gadget, computer etc. Call it ‘instant gratification on steroids!’ Unless I have a lot of…
Don’t be Stupid and Pay the Full Price!
Inflation? what inflation? It is mind-boggling that I still see people paying the full price on things like electronics, cars, clothing, books and lots more. And in some cases, not only do people pay full price, they pay premium. These people could have easily saved lots of money if they took the effort and looked…
Minimize your Expenses, Maximize your Earnings
The eventual objective of your budget is to have leftover money, after you have accounted for everything else. That is, you need to make sure that you are maximizing your income and minimizing your expenses. How? let us find out: -Minimizing your Expenses Review your budget first: go over every item, line by line,…
How your loose change can pay for big purchases!
I used change money to pay the down-payment on my dental treatment. That is right, I used nickels, dimes, quarters, loonies and toonies that I had saved in a piggy bank to pay more than $800 towards the total cost of getting braces for my teeth. And it took me less than 18 month to…
Diversifying your Sources of Savings will Maximize your Future Wealth
Putting your money in a savings account is not the only way to save and grow your money. It is just one of many. Generally speaking, and based on my own personal experience, the more sources of savings you have, the more money you can save. In other words, don’t put all your eggs in…