Mortgage or RRSP? Why Not Both?

What will give you the biggest #money win? Paying down your #mortgage or saving for #retirement?

Happy Valentine’s Day to everyone 💖 Whether you’re celebrating or not, there’s nothing wrong with sending out the love (and chocolate…there is nothing wrong with sending chocolate). The bf and I are not big on Valentine’s Day, it’s rare for us to go out and we don’t exchange gifts. I find that restaurants are so busy and a lot of places do a ‘special’ menu for the night, which often doesn’t stand up to their usual fare. Instead, we stay in and cook dinner together. Sometimes it’s fancy, sometimes it’s meatballs and mashed potatoes (that’s tonight if […]

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Get Back on the Good Credit Bandwagon

Why your credit score is important and how to improve it.

There is one topic in money that everyone can agree on, and that’s wanting better credit. People who have bad credit want good credit and people who have good credit want great credit. Watching that three-digit number grow is like a drug, but you know, a good one. If you are working on bringing your score up into that ‘good’ range, there’s one thing you need to know. There is no quick-fix for bad credit. I repeat, there is no quick-fix for bad credit. If you Google ‘bad credit’ or ‘fix credit score’ you will get endless […]

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Why I’m Team Gift-Giving This Christmas

Choosing to participate in Christmas in a way that works for you.

To buy or not to buy…that is the question of the season. Every time the holidays roll around there is this debate about how much you should spend. There are the naysayers that don’t buy gifts and choose to celebrate in other ways. Then there are those who spend like crazy people and end up battling debt well into the New Year. And, of course, you have those of us who land smack dab in the middle, spending within their budgets, but spending nonetheless. The Stats The average Canadian spends over $1,500 each on Christmas 45% of […]

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The #1 Way to Make Managing Your Finances a Cinch

Automation is the key to get your money working for you.

I am lazy. There are very few things that sound better to me than ordering in dinner, pouring a glass of wine and sitting in front of the TV to binge watch a new show. Even if I make plans, I very often dread them until I’m actually out the door and on my way. I know this about myself. I will put things off until the last possible second…you can call me the Queen of procrastination. I’m also a rule follower, so missing a deadline would be worse than doing the work. My life is basically […]

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Some Jerk Stole Your Identity…What Now?

What to do if your identity gets stolen?

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

Visualizing your spending with a money map.

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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