Every dollar you bring in should have a purpose or a ‘job.’ This is the premise behind the zero-based budgeting model, and it works for millions. It helps you not only pay your bills on time, but also makes sure you save money every month, something many of us plan for the end of the month only to find that our money is gone.
So how do you give every dollar a purpose? Follow these steps.
Continue reading “How to Give Every Dollar a Purpose”
If you’re like millions of others, you spent a lot less during the pandemic. The stay-at-home orders and the spread of the virus made it easier for us to spend less and save more. Sure, there was plenty of online spending, but much less spending on food and entertainment.
Now that we’re headed back to ‘normal’ what does it mean for our spending? How do you avoid the bad spending habits you had before the pandemic and keep your finances on track?
Continue reading “Time to ‘Return to Normal’ for Spending”
Did summer fun blow your budget right out of the water? It happens to millions of people. Summer is a carefree time and a time to spend with family and friends. Budgeting takes a back seat as we focus on fun.
But then reality settles in and we realize we went over budget and now have to recover, but how?
Continue reading “Recover from Summer Spending Using these Steps”
If you lost control of your finances this summer, you aren’t alone. After the year we had in 2020, many of us felt like letting loose and living life to its fullest. After all, the pandemic showed us just how short life can be.
But as you tally up your finances and get ready for the upcoming holidays, you might find that you spent too much this summer.
You’ve taken the first step, admitting there’s a problem, and now it’s time for the solutions.
Continue reading “Did you Spend too Much this Summer?”
Canadians have many financial worries thanks to the pandemic, of which the largest issue right now is interest rates.
During the heart of the pandemic, we saw the lowest interest rates available in decades. This made it easy for millions to get in over their head in debt. Whether it’s consumer debt (credit cards) or mortgage debt, millions are wondering how they’ll make ends meet.
What caused this?
Continue reading “Pandemic Anxiety – What Should you Do?”
If you’re a senior with debt, you may feel like you’re up a headed up a creek without a paddle. Living on a fixed income makes it hard to take care of anything except your daily costs of living, but fortunately, there are ways to work out your debt so you have peace of mind and can enjoy your golden years.
Here are the simple steps to take.
Figure out Where you Stand
First, get an honest look at your situation. Don’t sugarcoat it, that won’t get you anywhere. Pull out all bank statements and credit card statements. Categorize your spending and total up your debt.
Continue reading “Senior Debt Forgiveness – What you Must Know”
Summer is a time for fun and vacation, but bad habits can quickly put you into debt for temporary fun. If you’re trying to stay out of debt, there are plenty of ways to have summer fun while staying within your budget.
Have a Staycation
Becoming tourists in your hometown is one of the best ways to have the best of both worlds. You can have fun and save money. You don’t have to pay the high hotel costs or even need money to eat out. You have the comforts of your own home, yet can venture out and be ‘tourists’ in your area.
You can even keep it free by visiting national parks, hiking local trails, visiting museums on ‘free museum days,’ and using your library’s resources (many offer free passes to local attractions).
Stay with Friends
If you want to head out of town for a true vacation feel, travel to areas where you have friends and see if you can bunk at their place. If you don’t have friends who live out of town or at least where you want to visit, consider traveling with friends and splitting the cost of a rented house versus paying inflated hotel costs.
Look for Coupons before you Travel
You don’t have to be a resident to take advantage of local deals, and do your research before you go. Many tourist service centers have coupon books for travelers, but you can also look on Groupon or the area’s local chamber of commerce page.
Find out where the deals are, including Happy Hour, buy one get one free deals, or even free times to enter attractions (sometimes going to attractions a couple of hours before they close) are all great ways to save money.
Budget your Vacation
Continue reading “Managing Your Summer Vacation and Debt”
Back to school spending is inevitable. As parents, we do it every year, and yet every year it sneaks up on us, right? Even in 2020, most parents had extra expenses to send their kids back to school, even if it was at home.
This year, let’s do something different and budget for the return to school spending so it doesn’t catch you off guard.
Continue reading “Budgeting for Back to School”
Parents can’t wait until the days of no more alarms or harping on kids about homework, but then there’s all the free time summer creates. Without schedules and structure, it can feel overwhelming and if you aren’t careful, you may forget about budgeting and spend money just to keep your kids occupied.
Rather than throwing all caution to the wind this summer, plan a staycation. This way you’ll have fun planned for your family without the expenses of a vacation and the rest of the summer won’t feel as unstructured.
Before you plan a staycation, though, learn the top budgeting techniques to make it affordable.
Continue reading “Summertime Staycation Planning & Budgeting”
Millions of Canadians found themselves financially distraught amid the COVID-19 pandemic. Fortunately, the Canadian government came through in a big way with the Canadian Emergency Response Benefit.
CERB provided the financial relief consumers needed, but come tax time, you may owe more money than you thought because of the benefit. Depending on your financial situation, you may even have to pay back CERB, or a portion of it.
Continue reading “How CERB May Affect your Tax Return”