Inflation has become a reality in every facet of life in the last 12 months or more, but it is nowhere as evident than at the grocery store. It is almost depressing to know that for the same budget, you are getting much less than what you used to do back in 2021 or beyond….
Tag: saving
Unlocking the Secret to Financial Success: the Power of Habits
The power of habit is a powerful tool when it comes to building wealth and be financially independent. By developing good financial habits, such as saving, tracking our spending, and investing, we can set ourselves up for financial success.
How technology can simplify your finances and even make you richer
Imagine how banking used to be done just 10 years ago, never mind 20 or 30 years ago: If you wanted to send money to someone or pay a bill, you would usually have to go to a bank, thus wasting time and even gas driving there to do your banking. Yes online banking has…
What to do with new extra money in your budget? The good and the bad!
When new money comes to you or is freed up from your budget, you are free to spend it as you like, since it is your money after all. But there are better uses for it than to just spend it. Think of this as money you never had, hence it doesn’t make sense to just blow it on useless purchases
How to best use your Income Tax Refund?
Getting an income tax refund is great, but deciding what to do with that refund is even more important. What to do with it and how to save it, depends on personal cirmrutances, but some combination of saving for RRSP, paying down debt, general savings, would be preferable.
Einstein called it the eights wonder of the world: Use this Financial Phenomenon to Multiply your Money in less Time
Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it” . If something has the backing of arguably one of the smartest people in history, you can surely trust it! Compounding is the process whereby interest is addedto an existing principal…
Maximize Your Savings with Spare Change: A Psychological Trick to Avoid Over-Spending
Having spare change handy is not just about convenience, it can also help with saving money and limiting the potential of over-spending. Learn how this simple psychological trip can go a long wy
Unleash the Power of Financial Efficiency: Cut Your Wasteful Spending, while Maximizing your Savings and Wise Spending
Financial efficiency is key to achieving financial freedom and climbing the wealth ladder, but it seems to be lost on many on what it means.
Want the Perfect Vacation without Breaking the Bank? Master the Art of Finding the Best Deals on Travel
Finding good deals on vacation packages, flights and cruises can be time-consuming and stressful, but by following some easy tips, it’s possible to have the perfect vacation at the most affordable price possible.
One Resolution for 2022 Transformed My Health and Wealth in a Huge Way – Discover How I Kept My Weight in Check and Saved $625 in One Year
In 2022, I implemented a resolution to cut down on junk food spending and save that money instead. I succeeded in sticking to my goal of only buying fast food once a week, resulting in 24.5 lbs weight loss and $625 savings. Better yet, I continued this success in 2023. This resolution proves that one effective decision can have a positive impact on multiple areas of life.