Balancing the Splurges with the Scrimps

Where I Splurge and Where I Scrimp to Keep My Budget Balanced

This post is inspired by one of my favourite fellow finance bloggers, Lily from The Frugal Gene. She writes a recurring series about her frugal wins and frugal fails, and it got me thinking about where I spend and save my money. You guys know that I’m not going be winning any awards for my frugality, I’m a bit of a spender. I counteract those spendy habits by finding things I’m willing cheap-out on. Balancing the splurges with the scrimps keeps me on track with my savings goals while still having fun in the present. The Scrimps 1. […]

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How to Christmas When You’re Broke

Christmas is supposed to be fun. Families getting together, exchanging gifts, sharing laughs, and eating way too much…good times. If you’re struggling to make ends meet though, Christmas can be incredibly stressful. You’re supposed to decorate your house, host elaborate dinners, buy gifts for friends, family, co-workers, neighbours, and basically everyone you’ve ever met. It’s a lot! I get it, I used to be a broke college student and didn’t have much left in the bank to cope with Christmas. And I was lucky, I only had a small family to deal with. Let’s try to eliminate […]

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Choose Your Budgeting Adventure

Which budgeting style is right for you?

There is nothing I recommend more to people wanting to understand their finances more than a budget. Seriously, it is an essential first step. Budgeting, Really? Yes, really! What’s the first thing you think of when you think of budgeting? Unless you’re a fellow personal finance geek, you probably had words like ‘boring‘ or ‘uncool‘ or ‘not my thing‘ cross your mind. It gets a bad rap, but that’s just not fair. Nothing can turn your financial life around faster than the right budget. Notice how I said the right budget? I truly mean that. Your budget can […]

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Is Investing Scary?

Why aren't millennials investing as much as prior generations?

Are you saving money every month? If yes, where does that money go? Into a savings account at the bank or into an investment account like a TFSA, RRSP or trading account? Do you buy stocks, mutual funds, or ETF’s? Or do you stick with the security of cash, money market funds, or GIC’s? Or are you sitting there reading this wondering what the heck I’m even talking about? There are no wrong answers, but let’s be honest, some yeses are better than others. Millennials Aren’t Investing Even though many millennials have started saving for retirement, the […]

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10 Free Things I’m Loving Right Now

You don't have to spend money to find something you love.

I have a bad habit of spending money online when I’m bored, and this becomes more noticeable when the weather cools down, and I spend more time indoors (browsing the internet). Anyone else have the same problem? I also find that this time of year has me craving a wardrobe refresh, even though I don’t need new clothes. To keep myself from spending money I try to distract myself with things that are free. I’m kind of like a dog. If I’m kept busy and entertained, then I won’t get into trouble. (cue cute dog GIF) In […]

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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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Is Your Money Protected?

Do you know what would happen to the money you have invested with an investment advisor or in your savings account at the bank if the institution were to go under? Chances are this isn’t going to happen, but you just never know. Large banks and investment firms have gone insolvent in the past and will in the future. The good news is there are forms of coverage out there to protect you and your money in the unlikely event that this does happen. Today we’re going to look at what protection is available to you across […]

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Would You Move Back In With Your Parents?

Have you ever had a moment as an adult where you’ve seriously considered moving back in with your parents? This could have been because of a job loss, or a break-up, or because you just wanted to get serious about paying off debt or saving money. Or maybe you’ve never jumped ship to live on your own. With the increasing costs of renting or buying a home, it’s becoming more and more common for millennials to live with their parents. According to US data, 15% of 25- to 35-year-olds were living with their parents in 2016. That […]

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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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