Credit cards have become a mainstream way to shop, thanks to their expanded features and low fees. They also make it easy to overspend due to the convenience of having so many credits to spend! However, using credit cards can increase your debt in multiple ways. You are at risk for identity theft and charge-backs, since you do not have to pay off the full…
Banking is a useful thing to know about. After all, not many of us have a lot of money lying around without using it. Fortunately, having enough money to live on is not the only thing you should savings for. Having savings can give you an emotional boost and help you focus on how you are spending your money. If you are looking for budgeting…
The term financial independence (FA) has gone mainstream. For the first time, people are being asked to think about FA for real reasons. More and more people are being introduced to the idea of FA through the media. The movies Moneyball and Moneyball 2 portray people who are very wealthy but not necessarily FA. They illustrate the idea of looking at your life as a…
When the federal government loans someone $20,000 to start a business, they are saying that if this business is successful, it can eventually repay the loan with profits. That is what happens with a lot of small businesses. They spend a little money down and invest their other income later to make their business profitable. If it fails, then they lost little or nothing. However,…
When you start looking into home ownership, you’re already thinking about how to get into it, how much it cost to get in, and what you have to have. These questions always come up in conversations about home ownership, so make sure to ask them! While there are many ways to finance a home purchase, the most common ways are through a bank loan or…
Behavioral finance is an area of finance that Deals in principle rather than with money. There are no payment cards, no paper bills, only this mode of communication. There are numerous ways to understand the effects of money and lifestyle on health and wellness, from buying crazy expensive groceries to spending hours in meditational practices. This has applications in your personal investment decisions. When you…
Introducing the new year, here is a brief guide to helping you navigate the world of insurance planning. Whether you are just starting out or have been doing your own insurance shopping for awhile, we hope you enjoy this article. After years of reading insurance prospectuses and reviewing rates and features for new plans, it can be easy to lose track of what each has…
Achieving your goals is a process that involves multiple steps, each one building on the next. You will not achieve your goal without all of the components that come together in this way. This is why we call financial coaching a long term solution to achieving your goals. Your coach will help you identify and define your goals, work with you to integrate them into…
In this era of high-tech retirement planning, it can be hard to know where to start. There are many apps and websites that offer features that help direct you into a plan that fits your needs and puts you on the right track toward a retirement plan you love. Some of these features include: personalized retirement plans from companies, money management tools, and next steps…
An estate plan is a legal document that describes the distribution of your property and financial holdings after you die. There are two main kinds of estates in Canada: complete, with everything explained and distributed according to plan; or incomplete, with only a funeral home distribution described. The difference depends on whether or not you leave any money to others. If you do, the complete…