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There are plenty of online financial resources to help you keep track of your finances, create and stick to a budget, and keep track of where your money is going. Here are a few good ones that can really make a difference if you struggle to keep track of your money. Remember that the key to financial health is being aware and proactive.
This website has some of the best financial calculators available for free online. Online financial resources like this one help...[more]
If you are struggling with debt, there are many different solutions you can look into. Sometimes the only answer left to you is bankruptcy, but often your debt isn’t as unmanageable as you fear. Before going through a formal solution which can put a black mark on your credit card, consider whether a simple budget could help you manage your debt and pay it off in a timely manner. We hear it time and again from financial experts, but starting a budget can be daunting and hard to stick to. Here are some tips to get you started on the path to a successful...[more]
Saving is important; all the financial experts tell us so. Generally though people are saving for more than one thing at a time, and sometimes you want to keep the money for your down payment separate from your rainy day fund, so what are...[more]
When you are struggling with debt it can become overwhelming very quickly. There are plenty of options out there to give you some debt relief, including filing for bankruptcy or a consumer proposal. However these are somewhat drastic measures that can harm your credit rating, so it is always best to consider other options first. Many people are unaware that a simple budget could help them get their finances under control and make the payments that they are currently juggling. If you are already far behind or receiving calls from a collection agency then you may need to seek...[more]
Some of us really struggle to save. We have good intentions, but we fail to keep track of our money, or we make too many little “one latte won’t hurt” purchases that quickly add up. If you are always dipping into your funds because there was a deal on a sofa that was too good to pass up, and you really had been meaning to buy a new one for the last year anyway, then possibly you need some help keeping money from yourself. Here are some tips to keep your savings safe from your impulse purchasing. Tip # 1: Have your bank remove access to your savings account from...[more]
Emergencies happen, and more often than not they are costly. If you aren’t prepared for an emergency then the cost of it can put you in serious financial trouble. If you were keeping up with your debts before but suddenly you can’t work how are you going to pay them? If your boiler breaks down in the middle of winter can you fix it? Often people don’t prepare for emergencies, so when they happen people have to over extend themselves on credit. If knock on effects from dealing with an emergency were what started your financial troubles in the first place, post-bankruptcy you...[more]
Saving money on Energy Everybody has to pay for power, and we tend to think of it as a fixed cost that we simply have to account for in our budget. While this is true there are ways to get the number down. BC Hydro has lots of resources on their website for ideas of how to be power smart. Here are some of the big ones Spare/old fridge – An inefficient fridge could be using up to $85 of energy a year. BC Hydro offers a fridge buyback scheme where they buy your old fridge...[more]
There are some really easy but often overlooked ways to save a little extra in the summer. Here are 5 places to cut costs and save a little extra
- Turn of the Air Conditioning – You don’t have to suffer through sweltering heat, but an AC unit can dramatically drive up your utilities bill. Only use it when necessary, turn it off when you leave the house, and try to plan ahead. If you know it is going to be a cool night, open some windows and turn it off before bed. Don’t forget to replace your filters, as this can really up the efficiency of your...[more]
1) Good money is spent on nothing. Most of us have a home full of stuff we simply don’t need. Things you buy because you were feeling down, or they were on sale, or because you “deserve” them. It is easy to get carried away in a consumer driven society, but all of those purchases add up and they can damage your bottom line. If you restricted your purchases to things you actually need rather than things you decide you want on the spur of the moment you could drastically decrease your spending. 2) You don’t earn enough This is a...[more]
Whether you want to be debt free by 2023 or you simply want a holiday to the Caribbean, setting financial goals can help you stick to a budget and get the most out of your money. So how do you get started?
Step 1: Set your short term goalsShort term goals are important because they can keep you on track when your long term goal seems too far away to provide any real motivation. They also give you more immediate gratification and help you build up you budgeting momentum and confidence.
- Make a list of short term goals you want to achieve and put...[more]
The Inner Harbour in Victoria is full of fun and free things to do! Victoria is a breathtakingly beautiful city year round with numerous attractions and places to visit and for the penny saver - many of them are free. If you happen to be downtown close to the Empress hotel, you are in walking distance of several places you can see, for free. The Inner Harbour – There are many things to see in downtown Victoria all within walking distance from the Inner Harbour. You can walk along the causeway and listen to live music and browse all kinds of home made...[more]