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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The Case for Delaying Marriage

Marriage… That wonderful institution where you commit yourself, for better or for worse, to another person for the rest of your life (well, in about 50% of the cases). I’m not against marriage…not at all. But I was also never the little girl who dreamt of her wedding day. I wasn’t some sort of feminist super-child. I played house, and with Barbies, I guess I just never considered a wedding worth my imagination time. Some things never change 😉 For those of you who have been around the blog for awhile, you’ll likely be familiar with at […]

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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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Home Ownership Is Not Your Right

Owning your own home is the dream right? Even with the current bloated house prices and terrifying real estate market 86 percent of millennials still consider home ownership important. The problem? It costs a hell of a lot of money to buy a place. The average house price in Canada is sitting at $504,458 (as of June 2017), so even if you put down the smallest possible down payment, that is still going to be over $25,000. If instead, you want to avoid having to pay additional mortgage insurance to CMHC, you are going to have fork […]

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Taking the Hassle Out of Editing

Today’s post is sponsored by Grammarly, but I promise that all opinions are my own. I’ve been a paying customer with Grammarly since March and am only promoting it because I really do think it’s great. Check my disclaimer for more information on sponsored posts. I am always looking for ways to save me time, especially when it comes to blogging. Any fellow bloggers out there will understand that writing posts is the easy part, it’s all the other stuff that takes up your time! The staying on top of social media (I’m looking at you Pinterest […]

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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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