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Author: budgetsense

Who Needs a Yacht When You Have Time? Redefining Wealth

Posted on March 24, 2024March 24, 2024 by budgetsense

What comes to your mind when you hear the words ‘wealth’ or ‘wealthy‘? most of us likely think of money, fancy cars, big houses or mansions, yachts, humongous bank accounts and so on. Some may even have the image of Jeff Bezos, Elon Musk or Bill Gates on their mind. But few think of wealth…

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Take Your Time: A Thoughtful Approach to Tax Returns and Avoiding Costly Mistakes

Posted on March 17, 2024March 16, 2024 by budgetsense

As the annual income tax season looms, it’s essential to approach the process with foresight and preparation. Whether you’re eagerly anticipating a refund or resigned to the prospect of payment, ensuring a smooth experience hinges on meticulous organization and attention to detail. By gathering all necessary documents, such as T-4s and tax statements, and thoughtfully…

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Is Saving Money Really Forever? When Does “Enough” Become “Too Much”?

Posted on March 10, 2024March 6, 2024 by budgetsense

When was the last time you said to yourself: ‘I am spending too much; I better start saving’? On the other hand, when was the last time you said to yourself: ‘Man, I am saving too much money and need to start spending more’? The first question is not only more likely for the vast…

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Beyond Goals: The Power of Lifestyle Alignment for Success in Health, Skills, and Wealth

Posted on March 3, 2024February 27, 2024 by budgetsense

We’ve all been there: striving to achieve a particular goal, whether it’s shedding pounds or mastering a new skill, only to find ourselves faltering with each attempt. But why does this happen? Weren’t we told that setting goals is the key to success? While setting goals is undoubtedly important, it’s just the beginning. Merely establishing…

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Investing 101: What NOT to Do (Based on My Painful Experience)

Posted on February 25, 2024February 25, 2024 by budgetsense

Getting started is better than waiting for perfection or never starting at all. When I first ventured into investing around 2009, I didn’t possess much knowledge, but I was eager to begin and gain some experience. It turned out to be a challenging start, marked by various mistakes that ultimately contributed to my growth as…

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Price Hikes and Penny Pinching: The Tale of a 10-Cent Boston Cream Pie

Posted on February 18, 2024February 18, 2024 by budgetsense

On a recent grocery shopping trip, my eyes were intrigued by something completely unusual. It was something I had never seen before, or at least in my 28+ years of grocery shopping as an adult. No, I didn’t come into contact with a smart robot that was there to shop for its human owner, nor…

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Is Your Trip to Costco Costing You More Money Than You Realize?

Posted on February 11, 2024February 13, 2024 by budgetsense

It is a familiar scene we have all come to experience while visiting Costco at one point or another: people pushing carts full of food and other items, barely able to push them due to how loaded they are. In fact, many of us have likely seen some with two carts, as if they are…

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Money Matters: Drawing Parallels Between Meta’s Turnaround and Your Wallet

Posted on February 4, 2024February 4, 2024 by budgetsense

As I was reading Meta’s impressive and out-of-this world earning numbers, few things came to mind: Why didn’t I invest in Meta’s shares two years ago when it was still called Facebook, with prices ranging from $90 to $210? I did consider it then, but hesitation and various factors held me back. It’s a significant…

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From $1 to $2,756: The Surprisingly Simple Savings Challenge for 2024

Posted on January 28, 2024January 23, 2024 by budgetsense

Have you fallen off and given up on your 2024 resolutions yet? Whether you have or not, we have an easy challenge for you to follow, even if the year is already close to one month old. In fact, it’s a good idea to start this one now to get back on track in case…

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Avoiding the Boiling Frog Syndrome: A Guide to Monitoring and Managing Your Finances

Posted on January 21, 2024January 9, 2024 by budgetsense

Wait a second! How did my Netflix monthly cost go up more than 200% without me paying much attention? I remember, not too long ago when it was $7.99 but has somehow skyrocketed to almost $24! In fact, since March 2020 – right when the Covid Pandemic were starting – the price has gone up…

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