Bare-bones budget

You may have already mastered your household budget based on your current income. But what if that income suddenly disappears … More

Competing financial priorities

It is not always easy to know what you should do first, financially speaking. Debt, mortgage, children, retirement planning and saving are extremely taxing on your hard-earned dollars.

Emergency Fund basics

If you are battling with a huge debt load, chances are you probably don’t have any savings to your name. … More

Tackling debt

Now that you have decided to get your finances under control, the biggest challenge is to pay off your debt. … More

RESP basics

As I mentioned in previous entries, the cost of post-secondary education keeps increasing and can really be a huge financial … More

Creating a budget, part 2- tracking income and aiming for balance

Note: the following is primarily aimed for Canadian residents. Terms like CPP and EI are payroll deductions for Canada. … More

Creating a budget, part 1- tracking expenses

A lot people try to create a monthly budget from scratch and are unsuccessful. In most cases the numbers don’t … More