Finances From A To Z

A is for Annuity:  An annuity provides a regular income of a fixed amount for the rest of your life, or an optional fixed time period.  A lifetime annuity would have been great when interest rates were around 12%, instead of the current rates of 2%. B is for Balanced...

Why A Mortgage Payment Vacation Is A Bad Idea

We have been paying an extra $600 per month on our mortgage since we moved into our new house last summer.  We are taking advantage of increased payment options to reduce our total interest costs and pay down our mortgage faster.  Our goal is to pay off our mortgage...

Could You Have A Frugal February?

Recently on the news I saw an interview with a family of six who vowed to stop spending for the month of February.  On January 31st, they shopped for a month’s worth of groceries.  They didn’t drive, but walked everywhere.  The 9-year old daughter made a wallet out of...

What’s Your Findependence Day?

I just finished reading Findependence Day by Jonathan Chevreau, the personal finance columnist for the Financial Post.  Findependence Day is a fictional personal finance story that follows the lives of a young debt-ridden couple’s long journey to financial...

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