How To Save For Large Purchases

As a financial blogger I get asked all the time how to save for large purchases such as a vacation, renovation, or an expensive Christmas season. My answer is pretty simple: make a spending plan at the start of the year. I’ve been tracking my spending for many years...

Are You Wasting Time To Save Money?

A lot of people think frugality is all about saving money, and saving money on things you already buy or want to buy is a smart idea. But, are you spending too much of your time trying to save a couple of dollars? Your time is just as precious. Being frugal is making...

Save Money By Avoiding Costly Add-Ons

There have been numerous studies showing how people who pay for their purchases by credit card spend more money than if they would have paid by cash because they upgrade or buy impulsively. But, a lot of people pay off their balances in full each month and use their...

The Dollar Store Boom

Once upon a time I would never have set foot in a dollar store. I thought, “Why would I waste my money on their cheap, shoddy merchandise when I can buy a better quality brand name?” Then about ten years ago dollar store giant Dollarama came to my Calgary...

Bartering for Goods and Services

There was an interesting post some time ago in the Financial Uproar blog called The Financial Planning Affordability Paradox which noted that the people who could most benefit from financial planning advice are the least likely to be able to afford it. I fully agree...

Why A Savings Plan Is Like Starting A Diet

Jeff M says, “I know that I’m supposed to be saving at least 10% of my income, maximizing my RRSP and TFSA contributions, and enrolling in my employer’s matching pension plan. But, my expenses are pared down to the bone. I have no savings and I just can’t afford to...

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