Cash vs. Credit

Should you use cash or credit?

I’m going to go ahead and assume that at one point in all our lives we’ve been given the advice that we should only use cash and avoid credit cards at all costs. Probably the advice came from an older relative or a personal finance pro like Gail Vax-Oxlade, but is it actually that helpful? Well, I would argue that both have a time and place. If you are fighting to get yourself out of debt and have a problem with spending then yes, cash is likely the best solution, but credit cards can provide you with […]

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5 Ways to Earn Extra Money Right Now

Everyone would be happy to have a little extra money in the bank, but you usually have to put in at least a bit of effort to bring in money. Sure, you might win the lottery but let’s be real…that’s not going to happen! Increasing your income means putting in the work, but there are some relatively simple ways to bring in a few extra bucks that don’t require you taking on an extra job or selling your soul. In this post, we’re going to talk about a few ways you can earn some extra money. Maybe […]

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Let’s Talk About RESP’s

If any of you have gone to college or university, you know that it is crazy expensive. I graduated from university a little over six years ago (uh, that’s a long time) and even then it was upwards of $2,500 per semester just for tuition. Add a few hundred bucks for textbooks and all the other expenses that come with being on campus (bad food and too much beer), and it’s shocking anyone can afford to go to school. I was able to live at home while in university so saved on living expenses, but even with […]

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No Fee Bank Accounts

Last year we switched over our everyday banking to PC Financial to take advantage of a really great intro bonus and get rid of our monthly banking fees. I’ve been really happy since the switch and don’t see any reason to switch back. Before (I was with BMO) I was paying the lowest monthly fee and pretty much always went over the number of transactions I was allowed so was usually paying about $10/month in banking fees. It may not seem like a lot by why throw away $120 a year for no reason. One thing to […]

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Should You Contribute to an RRSP or TFSA?

Should you be investing your money in an RRSP or a TFSA?

One question that comes up all the time in my work (especially for younger investors) is whether to save inΒ an RRSP or TFSA. Both are good options, but there are definitely times of your life when one has an advantage over the other. Today we’re going to talk about when that’s the case and why. RRSP’s Everyone knows that the best part of an RRSP is that you get money back on your taxes when you make a contribution. Do you know how that process works, though? RRSP contributions are subtracted from your overall income which makes […]

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Fitness on the FREE

I’ve got a love-hate (or maybe hate-hate) relationship with fitness; let’s just say there are plenty of things I’d rather be doing than exercising, but it’s a necessary evil. It can also be hella expensive to pay forΒ a monthly gym membership, personal trainer, yoga classes or whatever your jam is. If you’re looking to cut some unnecessary costs out of your budget, you should take a long hard look at what you’re paying for fitness each month and halt some of those costs. There are some great (and completely FREE) online resources that can get you in […]

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