Before discussing the pros and cons of renting versus buying a home, we have to consider which one is more economic at the end of the day. When looking at the bigger picture, there is a plethora of different rent vs. buy calculators out there, but most of them compare annual rents to asking prices ...
To start off, we have to ask the question – what is an ETF? An exchange traded fund (ETF) is a kind of security that involves a collection of securities (such as stocks), which often track an underlying index and can be used to invest in any number of industry sectors or use various strategies. ...
An IRA (Individual Retirement Account) is an account that allows any individual to save for retirement with tax-free growth or on a tax-deferred basis. Many financial experts advise that you need to invest approximately 85% of your pre-retirement income into retirement. An employer-sponsored savings plan, such as a 401(k), might not be sufficient to accumulate ...
Budgeting can be a tedious task when you have to manually input all your expenses and income using a spreadsheet on a computer or go traditional with a pen and paper. In today’s fast tracked world, even google sheets has been left behind. With virtually everyone using smartphones these days, keeping your finances on track ...
There is a plethora of credit card options to go with. You have to ensure that you are getting the best deal suited for your preferences and making the most of your money. Reward systems credit cards are all similar, but not equal. You have to learn how to choose a reward systems that will ...
New year, new you – stop shopping at big brands and opt for cheaper and more sustainable options, satisfying your wallet and the environment at the same time! Shopping second hand is a great idea, if you know how to do it well, which these tips will tell you how to! Be Prepared to Leave ...
With another round of lockdowns, quarantine has allowed some of us to explore and pick up multiple hobbies. It has helped keep us sane and take a break from reality. One of the best parts about having a hobby, other than the solace it provides, is that we can sometimes make some extra pocket money ...
The coronavirus pandemic has affected us all in different ways, and lost income is one common struggle many of us are dealing with. On the “bright side”, quarantine meant more ways to save money as well. Whether it was from cutting down gas consumption while working or studying from home, or because outdoor outings have ...
Most of us just pay our electricity bill without really looking at it, discarding it without a second glance. For those of us who are stringent about our bills, we probably think we already know how to read our bill. Because of this, it’s rare we think twice about it. But in reality, we may ...
Going to college is stressful. Add in the fact that those years are usually spent spending money and not making money, and your stress levels are through the roof. If you’ve ever been worried about how to make money while you’re in college, this is the blog for you. Sell used books Once you’ve purchased ...
Grocery shopping in the midst of a pandemic is a much different experience—even if your budget hasn’t changed. Whether you are now shopping on a reduced budget, or simply struggling with long-term meal planning it’s important to know which ingredients will go the extra mile in the kitchen (and pantry). Here are a few items ...
Whether you’re a student looking to get your own apartment for the first time or an adult looking to get a new place to move into – getting scammed has become a frequently occurring thing nowadays. Having some basic knowledge about the scammers and their techniques is essential for everyone who wants to rent ...
The COVID-19 pandemic has presented the challenge of the decade to all economic sectors, especially tourism. The precautions taken by world leaders meant travel restrictions on a national and international level until they have the knowledge and facilities to come up with a better solution. Because of that, the tourism industry is trying some new ...
Negotiating one’s salary could be intimidating for anyone. Whether you are just now entering the professional world as a new graduate or have already stepped into your career path and deserve a raise, many factors go into deciding a salary, experience, skills, potential, and many other important criteria. No matter the conditions or where you ...
At work, everyone should learn to say “no”, but most of us find it easier to say yes to people, even when we don’t feel the willingness to do what they asked. We do this because we think that we have to or to be nice, or because we don’t have the heart to ...
Having to do renovations in your home can elicit different reactions. This depends often on whether it is an aesthetic choice, an obligation, or an emergency leading to renovations. Fun VS Not-so-fun renovations When doing renovations to your home for aesthetic purposes, it often means you’ve taken the time to think about it, to plan it, ...
Did you cringe the last time you saw your electricity bill? Looking for easy ways to bring the cost down, without making too many changes in your day to day routine? We’ve got you covered! Here are a few helpful changes you can make to help bring down your power bill! Change your light bulbs: ...
The question of saving money while paying off debt is a common one. Some people may think that you shouldn’t save at all while paying off debt.. The reason it is reasonable to think that you should be using all your available cash flow into paying off your dues as opposed to having some of ...
Are you tired of wearing the same thing over and over? Looking in your stuffed closet, but feel like you’ve got nothing to wear? Wish you could go on a shopping spree to change your look or just freshen up your wardrobe, but just don’t have the cash? You’re not alone. Here are some ways ...
Why and how we use credit cards will greatly influence our capacity to save money and accumulate wealth over time. What I am proposing is that credit cards can be used as a tool that can help you augment your savings. This might be counter intuitive because I am talking about using a credit card ...
We know, you just finished the holiday vacation. Let’s be real though, you’re already thinking about your next vacay. The break is never long enough. So instead of just daydreaming about your next vacation getaway… we can help you make it happen! Even (especially!) if you’re on a tight budget. 1: Carryon If you’re taking ...
You want to save the planet, however, you just looked at the price of a Hydroflask and cringed. Wish you could switch, but it seems too difficult and expensive? Here are a couple of helpful ways to go green, and save yourself some of that hard earned cash! Transportation The first, and easiest way to ...
You’ve said yes to every slice of pie, delicious meal, and glass of wine during the holidays, and you’ve enjoyed every minute of it! Calories don’t count during the holidays, everyone knows that! However, there is no better time than the new year to get fit and healthy again. You’ve just made your New Year’s ...
There are lots of scams out there and ways that sellers are tricking you out of your hard- earned cash. But what if there was a way to use trickery to your advantage? I’ve found useful tips that will help trick yourself to save your money. For some, trickery might not be necessary in order ...
The holidays are here, and while this season should be a stress free, happy time of the year, many are stressing about how to stretch their dollars further. In a time when many are struggling to pay their monthly bills, gift giving can become a financial burden which brings more stress than joy. One way ...
Holiday season is fast approaching. Friends, family, food and gifts are all on the menu. Many will have gatherings, parties and various events to go to. To some, the holidays are synonymous with fun and celebration. For others, it is an added stress, especially if there is an existing financial strain. A budget under attack! ...
It’s February and by this time of year, you’re likely just beginning to see the light as you crawl out of the financial hole the holidays had dug. If you’re lucky enough to have that special someone however, the celebration of love might be a source of financial stress. Fortunately, it doesn’t have to be. ...
You already know what winter means for Canadians: Shovelling the driveway, scraping the ice off your vehicle in the morning, bundling up for 10 minutes before facing the outdoors and of course; the most expensive electricity bill you can expect to receive during the year. Winter’s about half way through (we hope!) but there’s still ...
