Saving Money

Freeze Your Credit Cards and Save While Summer Heats Up

David Lester | Posted 05.12.2015 | Canada Business
David Lester

It's almost summer and the time when most people spend a fortune. It's so easy for us to spend out of control trying to make up for the crappy winter. But as your spending starts to heat up why not put a freeze on it by getting rid of your cards? You and your money will be nice and cool before winter comes.

How to Budget for All the Items on Your Bucket List

David Lester | Posted 05.06.2015 | Canada Living
David Lester

When creating a budget for your bucket list you have to keep in mind a bunch of things. The first thing is that there will always be more items to spend on vs. how much you bring in. We have one kick at "the bucket" so let's all make sure that we use our money as a fuel to get everything we want in life. This is how you do it.

How to Go From Millennial to Millionaire

David Lester | Posted 04.23.2015 | Canada Business
David Lester

I want every millennial to grow up to be a millionaire! The scary thing is that a million dollars won't be that much money in 40 years. The idea of a millionaire, sitting in his wood paneled living room and smoking on his pipe with hounds at his feet is long over. Millionaires will be "thousandaires" by today's standards as everything gets more and more expensive.

Will the Government Eliminate Capital Gains Tax?

Michel Kelly-Gagnon | Posted 04.17.2015 | Canada Business
Michel Kelly-Gagnon

By doubling the maximum contribution for a Tax-Free Savings Account (TFSA), which would therefore jump to $11,000 a year according to rumours surrounding next Tuesday's budget, the federal government is doing more than just encourage saving; it's taking a step toward the de facto elimination of the capital gains tax on financial investments for the great majority of Canadians.

5 Ways to Freshen up Your Finances This Spring

Anita Saulite | Posted 04.14.2015 | Canada Business
Anita Saulite

Spring is a time for renewal and for making a fresh start. It's also time to spring ahead with some new, healthy and wonderful habits to kick start our personal finances to get them moving in the right direction. Here are five easy ways to embrace frugality in your everyday routine and habits.

When Investing, Think Attitude, Aptitude and Action

Bob Stammers | Posted 03.27.2015 | Canada Business
Bob Stammers

Are you an investor? Although this might seem like a simple question, the answer isn't so straightforward. One way is to ask some fundamental questions about your financial decisions, what's informing your strategy and how you're putting a plan into place. In other words, think about attitude, aptitude and action.

Why It's Not Too Early To Start Looking For That Ideal Summer Job

Melissa Jarman | Posted 05.03.2015 | Canada Living
Melissa Jarman

For many students, simply landing a job with a decent income is the main priority. There are usually tangible learning opportunities and skills to develop in any job or role you take on, whether or not it is directly related to your field of study. For example, if you're heading a landscaping crew, hone your organizational and leadership skills.

Is Now the Time To Refinance? Run The Numbers First

Atrina Kouroshnia | Posted 04.14.2015 | Canada British Columbia
Atrina Kouroshnia

With talk about interest rates lowering even further after the Bank of Canada's surprise announcement several weeks ago, many homeowners across B.C. are likely wondering if it's time to refinance their mortgage and take advantage of lower rates.

How to Stop Big Companies from Ripping You Off

Andrew Tai | Posted 04.11.2015 | Canada Business
Andrew Tai

A plan with unlimited calls, unlimited texting and a small amount of data from major providers like Bell, Rogers and Telus can cost up to $80 per month, and that doesn't even cover roaming fees or long-distance calls. To save money, you may want to look into some of the cheaper brands like the Telus-owned Koodo or Wind, and avoid the "Big Three."

How To Budget And Save Money Before You Turn 30

The Huffington Post Canada | Arti Patel | Posted 02.04.2015 | Canada Living

They might be known as a supposedly entitled generation that's highly connected and always energized and yet, many millennials are living in a financi...

Do You Know Where Your Money Really Goes?

Anita Saulite | Posted 03.24.2015 | Canada Business
Anita Saulite

The reality is most of us have no idea where our money goes, and because of this it feels like there is never enough. But the irony is taking control of our personal finances and allocating only one hour a week to it, has the power to make us feel more in control and confident about our personal financial situation and future.

Ditch Your New Year's Resolution Day Is January 17: 5 Digital Tools To Keep You In Check!

Blake Connoy | Posted 03.16.2015 | Canada Living
Blake Connoy

Did you know this Saturday, January 17 is officially "Ditch Your New Year's Resolutions Day"? Most people start the New Year with the best of intentions, but after returning from holidays and getting back into the busyness of life, resolutions have a tendency to be dropped.

My Mother's Own "Cheap Week"

Caitlin McKay | Posted 03.01.2015 | Canada Living
Caitlin McKay

When I read my daughter's article about her "Cheap Week" it warmed my heart that she is as cheap as I was. It brought back memories of my own youthful financial desperation. It's good to know that she's inherited the family cheap streak. I, too, had to be cheap, so why did I get concerned when I realized my daughter was tippy toeing around the poverty line?

Mapping Out Your 2015 Goals Is the Best Gift You Can Give Yourself

Anita Saulite | Posted 02.18.2015 | Canada Living
Anita Saulite

A new year brings excitement and anticipation of what's to come. It gives us the permission to make changes in our lives or not. With a little orchestration, we can map out 2015, set goals and accomplish more. This might be the best gift you could give yourself. Let me show you how.

Mutual Fund Purchase Options Are Not All Equal

Coreen T. Sol, CFA | Posted 01.21.2015 | Canada Business
Coreen T. Sol, CFA

Take a look at your most recent investment statement. Do you see the acronym DSC on any of the pages? If you do, you'll want to keep reading.

Help Your Kids Grow Up to Be Savers

Melissa Jarman | Posted 01.18.2015 | Canada
Melissa Jarman

November is Financial Literacy Month in Canada. All month long, there are activities across the country to help Canadians of all ages to better understand how to make informed choices about their money. The concept of money is understood from a young age, but it is difficult to fully grasp.

A Black Friday Deal Is Only Good if it's Something You Need

Anita Saulite | Posted 12.31.2014 | Canada Business
Anita Saulite

Both sides of the border will be vying for our hard earned money. We are going to have to get smarter and more strategic on how we spend and on what. It's easy to get caught up in the hype, excitement and euphoria of great deals. A deal is only good if it is something you really need.

How to Build an Emergency Fund

Jeffrey Schwartz | Posted 12.21.2014 | Canada Business
Jeffrey Schwartz

Thirty-nine per cent of Canadians surveyed have no idea how they would pay for their expenses if they had no income for six months -- and the number swells to 44 per cent for those under the age of 35. Here are five easy steps you can take to start building up an emergency fund.

How to Save Money Without Sacrificing the Things You Love

Andrew Tai | Posted 11.23.2014 | Canada Living
Andrew Tai

Let's face it: we all like buying things. What we don't like is spending our hard-earned cash, especially when whatever it is we desire beyond our financial capability. What's not obvious, however, is figuring out what you can save on.

Follow This Money Do Checklist To Change Your Life in Six Weeks

Anita Saulite | Posted 11.20.2014 | Canada Living
Anita Saulite

Put your saving strategy and bill payments on auto pilot. We all know it, but saving money each month is saving for the future. Just know, savings are what you pay yourself, and if you want to secure your golden years and worry less, then pay yourself first. Set up automatic bill payments.

We Are Living Longer and Not Saving. Let's Change That

Anita Saulite | Posted 10.12.2014 | Canada
Anita Saulite

The fact is we are living longer and not saving. And most of us have no idea how much to save in order to have a care-free retirement that reflects our lifestyle needs. Recent research suggests that a nest egg of $750,000 is required.

What To Consider When Lending Money To Loved Ones

Jeffrey Schwartz | Posted 09.28.2014 | Canada Business
Jeffrey Schwartz

Have you ever had one of your friends ask to borrow money from you? Most of us are willing to oblige when the amount is small -- like $10 or $20 -- but what about when the amount is more significant? You are placed in an extremely difficult spot when a friend or family member is asking for $1,000, $5,000 or more.

How To Start Pulling Yourself Out of Debt

Jeffrey Schwartz | Posted 09.13.2014 | Canada
Jeffrey Schwartz

The important thing is to write the goals down and post them somewhere that you see them everyday. Don't be embarrassed about putting them on the fridge and having your friends see them when they come over for a visit. You may not be proud of falling into debt but you should be proud of overcoming it.

Saving Tips for Canadians, Eh?

Jeffrey Schwartz | Posted 08.24.2014 | Canada Business
Jeffrey Schwartz

Canada Day is coming up on July 1. Proud Canadians will be gathering with their friends and family to celebrate the birth of our nation all those years ago. And in true Consolidated Credit fashion, utilize these truly Canadian ways to ensure that you and your family have a financially secure future.

Before Your Debt Gets Out of Control, Make a Plan

Shaun Goolcharan | Posted 08.16.2014 | Canada Business
Shaun Goolcharan

For the average person, debt management seems like a simple strategy. But it is easy for debt to get out of control -- the sooner you make a plan and stick to it, the better it will be for you in the long run.