How to Create a Family Budget

For singles, creating a budget is relatively easy. They tend to have a good handle on how much money they have coming in, and when tracking expenses, they only have their own to think about. But creating a family budget is a whole new ball game. Most families have multiple sources of income. And when there are multiple spenders, that …

Why Prepare For Retirement?

Time goes so fast that some people are caught unaware that life has caught up with them. These people have been very busy taking care of their families that they have forgotten how to prepare for their future especially when they become too old to work. Every person should prepare for that time when they can just relax and enjoy …

How To Get Rid Of Your Debts

Borrowing is not a bad thing, however, having uncleared debts pilling up is an alarming situation. When you find yourself in a vicious cycle of debts, it is time to find a permanent solution. Whether as an individual, a family or even a business, there are several ways you can get rid of your debts. 1. Raise Your Revenue/Income The …

4 Simple Steps to Save Money

Sometimes, the hardest thing to do around saving money is just getting started. Here are 5 quick and simple ways to do just that.  Keep track of what you are spending & create a budget – the first step to starting a savings plan is to track your expenses, understand when payments are due and where you are spending your money. …

piggy bank

How to budget for better financial health

The word “budget” can instill quite a bit of fear in some people as it is often seen as a daunting and, at times, tedious task. Budgeting, however, is one of those skills that will help you have better control over your life, which makes it an incredibly vital thing to master. Not only will you be able to have …

RRSP vs TFSA

What’s the difference between RRSPs and TFSAs?

So you’re looking to put some money away—that’s excellent! There are a number of options for your investments, including Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Account (TFSAs), two of the most popular ways to save for the future. While they both are terrific saving and investing tools that help you grow your money tax free, but each also …

Booking keeping

Will Not Paying My Taxes Lower My Credit Score?

It’s almost that time of the year again: tax season. Paying your taxes isn’t the most exciting thing to do. This annual task, requiring meticulous research, filing forms, paying your accounts or spending the time yourself, and leaving you at least a few hundred dollars short. Sometimes, it can leave one wondering what’s the point of it all. (Here’s a …

7 Affordable Valentine’s Day Date Ideas

With Valentine’s Day just around the corner, it’s time to think about what to do for your significant other. Unfortunately, because it’s an event that’s so popularly celebrated, going out for the evening can set you back quite a few dollars. So instead of doing the usual dinner and a movie, perhaps you can do something completely unique—one that won’t …

Is It Bad to Co-Sign a Loan with Someone Who Has Bad Credit?

Cosigning a loan means that you will be paying off someone’s loan if he or she fails to make payments for any reason. People often look for a cosigner when they cannot get approved for a loan of a specific amount. Though helping someone you care about through their financial difficulties is a kind and very generous act, it can …

13 Ways to Make Extra Money on the Side

When money is tight, making ends meet can seem like a daunting task. Thankfully, there are many opportunities to earn some extra cash nowadays. In addition to your main source of income, these side hustles can generate quite a bit of money if you manage your time right. The biggest question mark is figuring out what exactly you can do …