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Spending Money

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I have been an Optimum points earner since I signed up for my first Shoppers Optimum Card as make-up buying teenager. In that time I may have matured from buying Dr. Pepper flavoured Lip Smackers to bananas and ground beef, but I’m still an avid collector of points. The original Optimum program has shifted from being Shoppers only to the new PC Optimum program after Loblaws bought the brand in 2014. Since we moved into our first home, Superstore has been our grocery store of choice. And that means more opportunities for points. Earning PC Optimum Points The earning isn’t as straightforward as it used to be. It varies depending on where you shop. Shoppers Drug Mart When you make a purchase at Shoppers, you earn 15 points for every dollar spent. You’ll also receive Shoppers specific bonus offers that are tailored to your spending history. For example, right now…

Getting life insurance is one of those things that all millennials should at a minimum consider. But very few of us have actually taken the step. We’re still young and invincible, right? And broke. Life insurance is another expense we don’t need to add to our budget. According to a study completed by New York Life in 2018, only 10% of millennials have enough life insurance coverage. Based on the findings, millennials are dealing with a life insurance coverage gap of $352,000. Thirty percent higher than the next closest generation. What exactly does that mean? It’s the gap between the amount of money you would need to replace the breadwinner’s income and the amount of coverage you currently have. What’s Enough The first question you need to answer when you decide life insurance is a necessity is how much coverage do you need? Do you want to provide your spouse…

Every year Mother’s Day creeps up on me. My mom’s birthday is at the end of April, so I’m always focused on finding her a birthday gift and rarely think ahead to Mother’s Day. Usually, I end up ordering her flowers at the last possible second. Bad daughter! This year I’m trying to get ahead and seeking out something that won’t wilt in a week. As I’ve said before, I much prefer buying unique, handmade items, especially for my mom. If I were to ask her what her favourite gift would be, I am positive it would be something I found at a local craft sale or from Etsy. I’ve spent a lot of time searching Etsy this year for items for our home and have stumbled across a few things that are just perfect for my mom. I thought I’d share some of those with you today so you…

You may have noticed I’ve been MIA on the blog recently. It’s been a tough few weeks, and I wasn’t feeling the whole blogging thing. Our pup Baxter had been battling cancer since last Fall, and the moment we’d been dreading came and we had to put him down on March 27th. It sucked. Even though we knew it was coming, we weren’t at all ready. That last week he went downhill faster than expected, and it was obvious it was time. Flash forward to now, and things are better. I still miss him like crazy, but it doesn’t feel as raw. Coping with grief is not something I’m good at. Honestly, I haven’t had much practice. I’ve been lucky to have avoided significant loss throughout most of my life. I guess that’s one of the perks of having a tiny family. Losing Bax was a blow, but it taught…

Taxes, taxes, taxes. I may not be an accountant but tax season is still the busiest time at work. And I’m not done talking about it yet! I’ve already talked about the best way to file your taxes in Canada and now I want to talk about your tax refund. You know, the good part! If you haven’t filed your taxes yet, you still have until April 30th to get it done. If you are on the ball and have already filed then your refund might be burning a hole in your pocket. Let’s talk about that, and figure out how to prioritize debt, saving or spending. Obviously not everyone gets a refund, but if you do, it can feel like a windfall. I know for myself, if I come into some money unexpectedly, it can be super tempting to spend it all. A new spring wardrobe or a weekend…

Confidence is a funny thing. When you have it, you feel like you can conquer anything, but when you don’t, you find yourself stuck in no man’s land. This happens with a lot of things. How many of you have ever not done something because you thought you’d be bad at it? My favourite (that I have used WAY too many times) is ‘I can’t go to ‘fill in the blank’ workout class. I need to get in better shape first!’ That’s my serious lack of confidence showing. Other examples might be ‘I can’t fix the leaky faucet, I’m not a plumber’ or ‘I think I’ll just stay home, I’m not going to know anyone.’ Sometimes we can be our own worst enemies. And confidence can play a huge role in how you handle your money as well. Not only in how you spend but also how you save and how you…

We’re just coming out of one of the biggest shopping weekends of the year, and it has me thinking about consumerism and all those things we’ve been buying. I’m not above Black Friday/Cyber Monday shopping. I bought stuff. On my shopping list this year was a new mattress and bed frame since we now have an actual guest room, a new pair of black flats for work, and a few Christmas gifts. I spent money, but I went in with a different mindset. In the past, I would have browsed the sales at all my favourite retailers and made purchases motivated by sale prices. There’s nothing wrong with shopping and wanting nice things. But, you want the spending to feel good and not lead to regret. I want my purchases to be meaningful, and that means making mindful decisions. Plus, the older I get, the less desire I have for…

Christmas is six weeks away. Let me know repeat that in case you’re like me and wondering how that could possibly be true… Christmas is six weeks away!  The bf mentioned that in passing this weekend, and I immediately pulled up the calendar on my phone to prove him wrong. He wasn’t. And I’m stressing. I’m usually on the ball with Christmas preparation, but these past few weeks have disappeared. As of right now we have our flights booked out to Vancouver Island (thanks to the bf) and have purchased a grand total of one gift. And that was only because it caught my eye on our last Costco trip. The one positive is that we’re traveling this year and not hosting so, while it makes Christmas more expensive, it’s slightly less planning. I still need to get my butt in gear and starting shopping for gifts though. We buy…

Before we get started, can we just talk about how perfect this stock photo is. Nothing says no regrets more than a woman double fisting rose. Thanks Unsplash for coming through big time on this one!  Last week I shared with you five money mistakes I’ve made in the past, and am trying not to repeat. This week I’m continuing the trend. This round, I’m highlighting five things I continue to spend on that other people may consider faux-pas. One of the best parts of personal finance is the fact that it’s personal. At the end of the day, it’s entirely your choice how you manage your finances. Sure, us bloggers like to drill down on what we consider best practices, but you’re the one that has to live your life. In that spirit, I’m going to share a few things I do that some of you might think are…

Money regret is something we all deal with. We’ve all made money mistakes that look pretty foolish in hindsight but it’s all part of the personal finance experience. I’ve made my fair share of bad decisions and I wanted to talk about a few of them today. I think talking about our mistakes brings more openness (and less awkwardness) to the money conversation, and can be a learning experience for those starting out. The thing with money mistakes is they are personal. Everyone has different opinions on what’s important and worthy of their hard earned dollars. Some people might think spending hundreds of dollars on a pair of shoes is frivolous, while someone else might wear those shoes to death and get more than their money’s worth. Narrowing down those things that are important to you is a learning process though. And often you’ll only realize it was a bad call…