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8 Easy Steps To Get Started With An Emergency Fund

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You need a stable financial plan and honestly, you simply must have one today.  The economy has always been a slippery slope, but then, for that matter, so is life.  Having a plan of action is the smart thing to do, but for so many families it is one of the most complex and difficult to achieve.  The steps to getting started with an emergency fund are only as hard …

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5 Real Life Reasons Why Canadians Need An Emergency Fund

wp-content/uploads/2015/10/shutterstock_259020935.jpg There is no doubt you've read and heard about the importance of having an emergency fund .  In today's questionable economy, an emergency fund is more invaluable than ever.  You never know when life is going to give you some blows, but they're sure to happen.  From your water heater going out, on to your car breaking down--you don't want to be left down and out.  But, without an emergency …

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Are You Ready To Retire Or UnRetire?

Is retirement edging ever so closer for you?  The facts are rather simple here.  Researched case studies and surveys across Canada are finding that there are more Canadians who are ill prepared for retirement and who are on the fence about retiring versus un-retiring.  There are some Canadians who would prefer to work as long as they can, which is quite acceptable.  More to the point, there is a mass …

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Debt Consolidation

In this article, we will look at one of the options you have for getting out of debt . If the collections agencies are knocking on your door and your debt repayments are ruining your budget , a debt consolidation loan can be exactly what you need to get your finances back into order.

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Debt consolidation is a very simple idea. The average consumer has debt from a lot of …

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Avoiding Investment Scams

We have covered credit card fraud before on this blog, and in this article we return to a similar theme. According to the 2012 CSA Investor Index, 27% of Canadians believe that they have been targeted for investment fraud at some point during their lives. Worse still, 4.6% of Canadians believe that they have been the victim of investment fraud. Over half of those affected lost their entire investment, and …

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Energy Efficiency

We discussed a few long-term energy saving options in our guide to winter on a budget , but what do you do for the rest of the year? You have options beyond fitting curtains and new insulation. In this article, we’ll look at ways to be more energy efficient in the home, saving you potentially hundreds or even thousands of dollars every year . That is a lot of money …

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The Federal Budget: 2015

On Tuesday April 21st, Finance Minister Joe Oliver tabled the federal budget for 2015. Election year budgets are typically more generous than usual, and despite a projected $1.4 billion budget surplus for the fiscal year, this one nevertheless contains a spread of handouts to Canadian families: a mixture of tax cuts, tax credits, and extra spending. In this article, we’ll take a look at a few of the highlights, changes …

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Buying It For Life

Sometimes, buying the cheap option can cost you more in the long term. Consider the following example. You go out and buy a pair of winter boots for $50. They last their first winter, but during their second one the leather is cracking, the soles are worn down, and you end up replacing them. Meanwhile, your rich friend buys himself a new pair of boots for $200. They last ten …

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How To: Credit Repair

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Not everyone is born knowing how to balance a budget or save for retirement . Many people, when it comes to financial planning, just close their eyes and cross their fingers. For those people, the first push towards educating themselves about finances often comes when disaster strikes: say, they are refused a mortgage . Bad credit can sneak up on you. You miss a credit card payment here , you …

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Saving Money With Fuel Efficiency

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Last December, the media and data company Bloomberg estimated that the average Canadian spent a little under three percent of their income on gasoline in the fourth quarter of 2014. While gas prices are lower than they have been in years, you are still probably spending more than you need to on keeping your vehicle fuelled. Even if you don’t have money in the budget for a more fuel-efficient car, …

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