The world of investing has been undergoing a major overhaul in the last few years, making it easier for more and more people to get into the markets, build wealth, and take control of their financial futures. With innovations in technology, the rise of low-cost brokerage platforms, and an ever-growing range of investment options, opportunities…
Recently, a family member had to be hospitalized, resulting in a 53-day stay, including three weeks in rehab. Needless to say, with the hospital being nearly 50 km away and family visiting almost daily, things quickly became chaotic—from an emotional, physical, and even financial perspective. With this being a financial blog centered around budgeting and…
The title of this article may sound counterintuitive: spending money to generate money? Well, the concept of spending money to earn more money is not new—it’s simply the basic idea behind investing. But when it comes to credit cards, we often think of them as money-sucking financial tools, yet a necessary evil we can’t live…
It hit me the other day: I have money scattered all over the place—across 4 or 5 different institutions. While the core of my finances is handled by one main bank, I realized I’m also saving, investing, and managing money through TD, RBC, Wealthsimple, crypto wallets, and employer-based accounts. How Many Accounts Are Too Many?…
If you’re like me, not a day goes by without some reminder about the price of Bitcoin or a headline related to cryptocurrency developments. It’s almost unavoidable — especially if social media algorithms are feeding off your interest in Bitcoin and crypto-related news. While I’m happily invested with a small position I bought in Bitcoin…
Imagine you’re in your early 20s, having just finished your higher education, when a wise friend approaches you and says: “I know a somewhat easy — but not simple — way to become a millionaire. If you save and invest $1,000 biweekly for the next 20 years, assuming a 7% average return, you’ll hit that…
If your next vacation is costing you and the family over $5K but have almost none of that saved, and plan to put it all on debt, stop! Yes, stop! Cancel it if you have already booked it, assuming there are no big penalties. If you haven’t booked it yet, thank goodness, that was going…
When the Covid pandemic lockdowns forced us to stay home for months and months, one of the companies to benefit the most were food deliveries such as Ubereats and SkipTheDishes. They made it so convenient to order food and relieve you from all the hassle of having to go out for grocery shopping and making…
A few days ago, I received a letter in the mail—a great credit card offer from one of the Big Five banks. At first, I thought, “This is too good to pass up. I should go ahead and accept it.” But then I paused. A little voice in my head reminded me: You already have…
The 50/30/20 finance ratio – or a way to budget – is something we talked about last year, where you dedicate 50% of your income to needs, 30% to wants and the remaining 20% goes towards your savings and investments. This breakdown is simple, effective, and ensures that your essentials, lifestyle choices, and future financial…