We’ve all heard about the importance of having a budget (and sticking to it!); but, we do not often hear how to go about creating this budget. How much should we be spending on housing? What about fun money? It isn’t hard to make a budget balance; but making it balance and be in line … Continue reading Budgeting 101
Financial goals are the foundation of personal finance. Developing strategic financial goals creates a sense of clarity and direction of what you want to achieve. Success depends on your approach to setting and defining your goals. Financial goals should not be generic such as ‘setting aside an emergency fund’, ‘purchasing a home’, or ‘saving for … Continue reading Financial Goal Setting
Life is getting more expensive. In our parents’ generation, one working parent could support the family and still provide a comfortable retirement. Now, as a single millennial (or in a couple), it is harder to make ends meet with our diminishing buying power. Saving for retirement doesn’t seem to be a priority for the majority … Continue reading Everyday Tips to Save you Money
Do you have a side hustle? Picked up some freelance work? Fully ditched your day job for self-employment work? If so, here are some items you should consider with regards to income taxes. This blog post is the first of a two-part series on tax tips for entrepreneurs. The below will specifically focus on unincorporated … Continue reading Tax Tips For Entrepreneurs – Part 1
A recent study completed by PWC found that only 24% of millennials surveyed demonstrated basic financial literacy. This lack of financial competence impacts the ability of millennials to attain the financial success they desire. If you are a millennial struggling with understanding where to start with taking control of your financial situation, then this blog … Continue reading Finance Tips For Millennials
Do any of the following appeal to you: High returns on your investment? No questions asked life insurance? Free massages? Have you fully evaluated your employer’s benefits to optimize your participation? Check out my latest blog for tips on what to consider when opting in and out of employer offered benefits.
April 30th is quickly approaching – are you ready to file your taxes? For some, this time of year is overwhelming. The below are some tips to help ease the process and ensure you maximize your return. Tip #1 – FILE your tax return Even if you think you do not owe tax, or … Continue reading 5 Tips For Personal Tax Season
A big misconception about investing is that it takes a lot of money to make a lot of money. What it takes is some money and a lot of time. Time is a crucial component to investing. The time value of money is the idea that money available at the present time is worth more … Continue reading Time vs. Money – Which is on your side?
Self-discipline. What does that mean to you? The dictionary defines self-discipline as the ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it. The irony is most people have no problem doing things they feel like doing. The real issue is doing … Continue reading Are You Self-Disciplined?
As an employee, most think that the only way they can ‘save’ on their taxes is to contribute to an RRSP. However, there are other opportunities to save and benefit! Below are some tips that may be applicable to you to help maximize your tax savings and benefits. Tip #1: Allowable Motor Vehicle Expenses … Continue reading 5 Tax Tips for Employees