Your Overspending Intervention

How to stop overspending

Paycheques are elusive things – it seems they’re gone as soon as they’re earned! We know mortgage payments, savings and financial planning can snap up your funds in a flash – but how good are you with your spending money?

If you find yourself tapping into money set aside for your needs to pay for shiny wants, you could be setting yourself up for a debt spiral. Here’s how to break that cycle.

3 Ways To Stop Spending On What You Don’t Need

How much is the status quo worth to you? Overspenders can come in all shapes and sizes – and with differing opinions when it comes to smart buys. If you’re constantly left wondering where your take home pay has gone, you could be making money mistakes without even realizing it.

Here’s how to target those daily spending sins and nip them in the bud.
Read Allan’s Blog | 3 Ways To Stop Spending On What You Don’t Need

Are You Impulse Buying Your Way Into Debt?

Do you know the difference between your wants and needs? According to a BMO Psychology of Spending report, many Canadians don’t, and it’s costing them $3,720 a year!

If you fall victim to retail spending traps, don’t worry – we have ways to help you break the cycle! Read on for our top tips to curb impulse purchases.

Read Diane’s Blog | Are You Impulse Buying Your Way Into Debt?

How To Live On A Cash Diet

Could you give up your plastic payment methods? While using credit and debit on the regular can be convenient, it can lead to accumulated debt or overspending. If you’re trying to take a more disciplined approach to your daily spending, a cash diet is a good crash course.

Read on to get started, and learn how to manage day to day with just the contents of your coin purse.

Read Melanie’s Blog | How To Live On A Cash Diet

Looking for the latest finance headlines? Here’s what went down this week.

Have You Had The Joint Bank Account Talk Yet?

Opening a joint bank account is a big step for any couple – and it’s important to agree on how that money will be spent and saved. A recent study finds that while many couples share their accounts and assets such as mortgages, they haven’t shared their long term financial plan goals with each other.

Read Rubina’s Blog | Have You Had The Joint Bank Account Talk Yet?

Can You Afford To Take That Sick Day?

Could your sick day cost you money? A recent report finds only 34% of younger Canadian workers have allotted sick day coverage, or disability leave. Here’s how to be proactive and protect yourself from financial loss in case of illness.

Read Jaclyn’s Blog | Can You Afford To Take That Sick Day?

Three Quarters Of Canadians Are In Debt: RBC Poll

Personal debt can be just that – intensely private information that many are uncomfortable sharing. However the most recent debt poll from RBC finds three quarters of us are carrying debt of some kind. It’s time to be transparent to break the cycle and get back into the black.

Read Andrew’s Blog | Three Quarters Of Canadians Are In Debt

Do You Know What Your Pension Adjustment Is?

A pension adjustment is the value amount of pension benefits you’ve earned over the year. Here’s how to calculate them and how to use them in your financial planning.

Read Sean’s Blog | Do You Know What Your Pension Adjustment Is?

A Balanced Federal Budget – But At What Cost?

Jim Flaherty has announced there will be a balanced federal budget by 2015 and a hefty surplus to boot – but are too many public services and jobs being sacrificed through balancing spending cuts?

Read Penelope’s Blog | A Balanced Federal Budget – But At What Cost?

Telus Buys Public Mobile: Why That’s Bad News For Consumers

In a surprise government-approved move, Telus buys Public Mobile. Why did this deal go through when previous attempts were denied, and what does it mean for future mobile pricing in Canada?

Read Sean’s Blog | Telus Buys Public Mobile

Best Country To Retire In: Canada Ranks 5th

What is the best country to retire in? Canada ranks 5th, according to an index released by the UN and HelpAge International. While we scored high for our universal healthcare and Canada Pension Plan, income security in our nation leaves seniors wanting.

Read Andrew’s Blog | Best Country To Retire In

What Share Buybacks Mean For Investors

Share buybacks are when a company buys back a number of their stock, generally increasing the share value for the rest of their investors. But are buybacks always a positive sign? Here’s what investors should ask.

Read Gordon’s Blog | What Share Buybacks Mean For Investors>

You Answered!

This week, we asked our dear readers:

Would you switch to a variable mortgage?

 53.1% of respondents say they aren’t sure – they’d like to know more about how variable products work and the associated risks before signing up.

An even 18.8 and 18.8% said they prefer the stability of fixed rates, or already have a variable mortgage, respectively.

9.4% that they would consider switching to a variable option, as fixed rates are no longer the deal they used to be.

Want in on your chance to WIN? Answer this week’s question:

What are the top financial challenges facing Canadians?

Also be sure to visit us on Facebook and Twitter, or drop me a message on the blog – I love receiving your feedback!

Related Topics

Personal Finance / Personal Finance News

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