What to do with Windfall Income

What to do if unexpected income comes your way.

You’re going along, living your life, and then all of sudden something happens, and you find yourself with extra income you weren’t prepared for. This can occur for a variety of reasons, some great (bonus from work) some horrible (a loved one passing away). Whatever it is though, you should take the time to plan your best course of action and know any tax consequences that might be coming your way. Inheritance Let’s get the hardest one out of the way first. If you are getting an inheritance it means that someone close to you has passed […]

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Small Changes, Big Gains? The Avocado Blame Game

Is avocado toast really eliminating home ownership as an option for millennials?

If you’ve been on the internet at all in the last week you’ve likely heard the debate over millennials, home-ownership and avocado toast. Small sidenote, you know it’s a thing when you can so easily find a free stock photo 😉 Australian millionaire, Tim Gurner, did an interview with 60 minutes and spewed some advice and threw avocados under the bus as the reason millennials can’t afford houses. (Ahem, millennial homeowner over here) He was quoted as saying: “I have seen young people order smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop […]

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20 Frugal Ideas for Summer Dates

Fun ways to have date night on the cheap.

It might not officially be summer yet but the weather has been beautiful here in Edmonton, and it has me wanting to spend ALL the time outside in the sunshine! This is a problem for me…it’s so easy to hibernate during the winter, but as soon as the weather warms up I can’t stay cooped up. I’ve talked before on the blog about how this relates to a big increase in my spending (The Busted Summer Budget). To combat that I’ve taken the initiative to set money aside during the winter so that I can afford to […]

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When Progress Means Going Backwards

One step back, two steps forward.

Many of us are of the mindset that improving your situation goes hand in hand with having the biggest, newest and most expensive things. You guys know what I mean right? If you’re buying a new car you want it to be better than your last one, or if you go on vacation you want to try somewhere new, or if you buy concert tickets you want the best possible seats. We all do this, and there’s nothing wrong with that. However, there are also times when downgrading something in your life is the best option, even […]

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First-Time Home Buyer Blinders

Common mistakes that first time home-buyers make.

Buying your first home is a HUGE deal! It’s crazy exciting but also crazy nerve-wracking and more often than not you will feel like you are in way over your head. I remember all too well the whirlwind of emotions throughout the buying process, and I’m so happy that we had a trusted real estate agent in our corner. I would absolutely recommend that you hire an agent instead of attempting to go it on your own. There are lots of small steps to go through, and they will be able to guide you through each one, […]

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