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.
It is safe to say, no billionaire – and most millionaires – would have reached their level of financial success, without some form of investment. Investment doesn’t have to be about stocks or mutual funds, and may include buying land, investing in a business, real estate etc.
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…
We have all heard of popular sayings and expressions like “Win Win”, “Two birds with one Stone” and other similar ones. The idea here being that we should be more efficient in life, careers, finances, by doing more with less. In other words, use one hand to do two different things and 2 hands to…
As it should be clear by now, our personal budget is a way of controlling our unlimited wants to match our limited incomes. We only have so much money to spend, save and enjoy. But what if your budget just can’t accommodate your excessive spending? So much so that your paycheck doesn’t cover your spending,…
What do the following 3 have in common? -eating your fruits and vegetables, and avoiding junk food-reading books and enriching your mind with positive thoughts-socializing and connecting with educated and knowledgeable friends If done holistically and on a consistent basis, these three will ensure the future version of you is a super one. One that…
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
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.
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.
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.