Why I Don’t Regret My ‘Useless’ Degree

After graduating from high school, I did what many privileged kids do when they’re not sure what’s next…I went to university. I was 18, a good student, and completely clueless when it came to a career path. Some of my friends knew exactly what they wanted to do; be a firefighter, a teacher, an engineer just like their Dad or a nurse because the parties were better. Then I had friends who had no plan…I fell squarely in that group. I also had parents who highly valued education, both had university degrees, and saved up money in an […]

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Some Jerk Stole Your Identity…What Now?

The recent Equifax hack has plenty of people concerned about identity theft and curious to know what steps they can take to keep their information protected. I’ve been lucky (knock on wood) and have never had to deal with a serious case of identity theft. I have had fraudulent charges on my credit card, but that’s so common now that it almost feels like a right of passage. Those are fairly easy to deal with. In my experience, I was able to contact my credit card company and have the charges overturned within a week. That meant I was […]

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The Equifax Hack and its Canadian Impact

Hey guys, I know I don’t usually have a post for you on Mondays, but I wanted to stop by today with a quick update about this Equifax breach. By now you’ve likely heard about how Equifax was hacked and a whole bunch of people are now at risk of identity theft because they’re personal information was compromised. It’s a bad situation. A huge, messy, complicated problem that is affecting many people, including those of us in Canada. But I’ve never heard of Equifax, so I must be safe… Not so fast. Unfortunately, even if you haven’t […]

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Mapping My Money

There has been a trend going around in the personal finance community recently, and that’s creating your money map. This all stems back to two bloggers (Apathy Ends and Budget on a Stick) who published their money maps and inspired the rest of us to do the same. Today I’m jumping on the bandwagon and sharing mine. So what is a money map? For any of you who haven’t already seen one of these posts somewhere else, you’re likely wondering ‘what the heck is a money map?’ Simply put, it’s a fun little graphic showing where your […]

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10 Steps to Organized Finances

Maybe you’re sitting there looking through credit card statements and bank transactions wondering how the heck you got yourself into this financial mess. Or maybe you think you’re on the right track but not quite sure what you need to work on next. Today I’m going to break your finances down for you into 10 steps, so you have a coherent plan (and a fun little infographic) to follow. The system is straightforward, but I’m not going to tell you it will be easy. Paying off debt, saving money and applying for insurance require you to do […]

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Should You Dip Into Your RRSP?

Is it a good idea to withdraw money from your RRSP to cover debt?

Life is anything but predictable, and sometimes a curveball will come flying out of nowhere. Maybe you’re coasting along quite nicely when, all of a sudden, your furnace bites the dust or your dog swallows a tennis ball and needs emergency surgery. Whatever it is, you are now stuck with a big bill and aren’t sure how you’re going to cover the cost. The question you might be asking yourself is whether or not you should consider withdrawing money from your RRSP. Short answer…No. Don’t worry, I’m not going to just assume you’ll accept the short answer so, […]

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5 Money Lessons I Wish I Learned Sooner

What I Would Teach My Younger Self About Money

Through my 30 years of living, I’ve had moments where I’ve been great with money and moments where I’ve been down right bad. I don’t have any big ticket purchase regrets, but I’ve bought loads of small items that were a complete waste. And you know why? I didn’t realize the consequences of irresponsible spending until I was much older (and I even had good financial role models in my parents). I was lucky to not get myself into more trouble because of my lack of knowledge. When you’re a teenager you don’t necessarily concern yourself with […]

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Interest Rates are Up, Up and Away

What you Need to Know About Rising Interest Rates

You’ve likely already heard that the Bank of Canada raised their overnight interest rates last week from 0.5% to 0.75%, but do you really know what that means and how it affects you? For the last decade, we’ve been living with historically low rates in Canada. This is the first time in 7 years that rates have gone up. If you’re a millennial like me, you’ve lived almost your entire adult life under these conditions, but that doesn’t mean it’s the norm. Take a look at the graph below; it was way back in 2008 when rates […]

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Financial Literacy is Your Responsibility

Take responsibility for your financial well being by using some of these resources.

I hate the fact that you go through 12 years of school and come out the other side knowing little to nothing about finance. You’ll be taught how to solve complex algebra equations but have zero clue how interest rates work and how detrimental credit card debt can be. I promise you, the ability to do algebra has never once helped me get a job or complete a work project, but knowing how to balance a budget sure has. There has been some movement to correct this, but not fast enough. You know what that means though? […]

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The Fear of Missing Out

Are you suffering from #FOMO?

Have you ever felt pressured into spending money just because you didn’t want to miss out on an experience? I’m going to guess that almost everyone answered with a resounding yes and I am right there with you. Here’s an example… Garth Brooks did a nine concert stand here in Edmonton and it was all everyone could talk about for awhile. Am I a Garth Brooks fan, nope? Did I almost convince myself I should buy tickets to the show just because EVERYONE else was going? Absolutely! But I was talked off the Ticketmaster ledge by my […]

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