Strategies to STAY ON BUDGET.

You sit down, look at your income and expenses, and write down the numbers. Everything looks good and you’re excited for this new plan. You think “this time will be different; this time I will stick to the budget.” Then two weeks later you are blindsided by an unexpected cost. Or a month later you realize you’ve been spending more …

Life Insurance De-Mystified

Life insurance in Canada provides a tax-free benefit to an Estate or named beneficiary, in case of an insured person’s death. For families, life insurance can help prevent the stress associated with a sudden passing and financial obligations such as housing costs, debt, and living expenses.   Who needs life insurance? Anyone whose death would cause financial hardship. This could …

Private Health & Dental Plans

Taking care of our health is so important. One security we feel is having health care coverage. Besides our provincial healthcare plans (such as OHIP or MSP), many Canadians have a group benefit plan or an individual health and dental plan. An advantage of having group or private insurance to cover excess health care costs (beyond what provincial government plans …

Spring Cleaning!

Spring Cleaning! Where do you keep your adulting documents? Online storage? Computer? External drive? Filing cabinet? Get organized and locate the following: Wills (often kept on file with the lawyer, you should also have a copy) Mortgage documents (and make a calendar note for when the term renews) Life insurance policies (and payment and renewal dates) Health and dental plan …

Guest Post – 2017 Back to School Resource Guide

We were honored to be asked to participate in this year’s 2017 Back to School Resource Guide by the Victoria Mom’s Blog! In this blog, we discuss ways that you can get your children back to school and still stay on your budget! Check out our guest blog!

Can I just quickly buy some life insurance?

No…not yet! Yes, Insurance is a piece of the puzzle, but this piece tends to be a puzzle of its own. And when I pick up this piece it seems to have its own pieces and a box to go with! Use this as a step one to gain some context for life and other types of insurance. In the …

Summer Vacations are what life is all about…..but can you afford one?

Every day you scroll through Facebook and Instagram to see your friends having the time of their lives on summer vacation! They’re taking road trips, renting cabins, driving boats, sliding down waterslides, and eating ice cream. And you’re at home. Why? Because you can’t afford a summer vacation (there’s a chance that your friends can’t either, and will be thanking …

Investments

The Reality of Investments, Accounts & Labels

One article to end them all One of the most common questions we are asked is, “should I put money in my RRSP or my TFSA?” Why so much confusion around this topic? Well, unfortunately, home economics class doesn’t have much about “economics”. Or maybe, like me, you didn’t realize the information being taught would ACTUALLY be valuable in life …