We’ve all been there – cash flow is suddenly limited, and you need to change your spending strategy – fast. Cut some corners with money saving tips that take the pain out of penny pinching.
Planning to leave your parents’ home? “Fleeing the nest” can be an exciting coming-of-age milestone – but it comes with bills, bills, and you guessed it, more bills. Whether you’re off to experience student housing or are a new grad looking to establish yourself, budgeting and saving skills are vital to becoming financially independent.
Looking to learn about money management? Need to sharpen your savings skills? We’ve put together your guide on the basics: read on to build your best budget, reduce debt and sock away those savings!
Looking to trade stocks on the go? There’s an app for that! Check out what’s to come in smartphone financial planning mobile technology.
Imagine – cutting cards and cash out of your life with a simple tap of your smartphone. While the “digital wallet” may seem a futuristic concept, technology is already offering consumers ways to streamline their everyday finances with their phones – and it’s just a matter of time before they revolutionize the point of purchase.
Wish you had a way to track your spending – and protect your savings – while on the go? With mobile technology, you can take your budget and expense tracking to another level – any time, any place. Use these apps as a guideline for what’s out there, and feel free to share your favourites in the comments section below.
Professional flippers will buy, fix and flip a property in 6 weeks – sometimes less. The fewer mortgage payments they have to make, the better. Thanks to the likes of HGTV, home renovation shows have the general population thinking that you can flip a home and make a profit at any time. Unfortunately, that’s just not true. There’s so much more to it than just buying a house, fixing it and flipping it.
Experts will tell you your debt-to-income ratio is one of the best ways to gauge your financial position. The media often quotes the Bank of Canada saying Canadians are at dangerously high levels of debt at 153 per cent. But what does that mean? I’ve spent dinner parties arguing how to properly calculate debt to income ratios and how much is too much. There are many schools of thought on how to asses your financial health. Here are a few.
The holidays are over and 2011 is already history. Our news reporter extraordinaire, Rubina, catches up with shoppers to find out how Canadian consumers plan to save money in the new year.
I really don’t like tipping. No, I don’t mind giving extra money to those who work hard. But tipping puts the onus on you to decide how much to top someone up, and that puts a lot of pressure on you as a consumer to not make a mistake. Pretty much every time I slip an extra buck or two to a cab driver, the food delivery guy or my hairdresser, I worry I’m doing it wrong. So time to do some digging and find out what’s appropriate, especially this time of year when we’re doing a whole lot more travelling, shopping, eating out and getting ourselves coiffed.