A lot of people will question why you’d hire someone to do something you can do yourself. Why is hiring a financial advisor worth it? If you look at online websites, you’ll see people question why you’d hire someone to manage your investments. There are tools to be able to do it yourself. Surely it’s […]
Is saving $1000 per month good?
There are a few questions I’m asked about saving. One of them is whether saving $1000 per month good. It’s all relative in the budget. “I can save $1000 per month. Is this good enough?” It’s a question I hear a lot. People aren’t sure whether they’re saving enough for the future, whether it’s an […]
What is the 50/30/20 rule in budgeting (and can it work)?
You may have heard of the 50/30/20 rule in budgeting. What exactly does it mean, and will it work for you? Everyone is different in the way they spend money. Some people will put a huge focus on saving for retirement, while others want to spend money now. After all, you can’t take money with […]
Why you need to budget together as a couple
Budgeting is important, and it’s something you likely do on your own. Now you’re part of a couple, you need to budget together. Your new relationship is progressing. You’re talking about moving in together, or maybe you’ve just made that step. This is a big time, and it brings change to your finances. In some […]
5 top tips to save for retirement
The earlier you start saving, the easier it will be. Starting late, though? Don’t worry. Here are my top tips to save for retirement. One thing you don’t want to think about when you first start working is to save for retirement. You think you have years—decades even—to do it. Why do you need to […]
3 tips to use credit cards responsibly
A lot of people will tell you to ditch the credit cards. You can use credit cards responsibly, and I’m going to teach you how. When it comes to budgeting, you’ll hear a lot of people say to ditch the credit cards. It’s the cards’ fault that you’re in debt. The simple truth is that […]
Why you need to keep your own bank account in any relationship
Whether you’re only dating or you’re getting married, the topic of joint accounts will come up. It’s certainly worth considering joining finances, but you need to keep your own bank account as well. One of the biggest mistake couples make is joining all their finances. It’s normal to think you’re creating a life together so […]
Should you combine finances with a partner?
Your current relationship is going well, and now you and your partner are moving in together. Should you combine finances? When you move a relationship forward, there are a lot of conversations to have. One of those is whether you should combine finances or not. When you move in together, there are a lot of […]
Why you need to add another income stream to fight inflation
The general way people fight inflation is by cutting back on what they buy. However, you need to add another income stream. We’re all seeing inflation going up like crazy. Canada is hitting a 7% inflation hike this year, and that’s not even the peak. It’s sent prices skyrocketing, and there are a lot of […]
Why I have multiple savings accounts and what they’re for
Saving money for the future is on everyone’s minds. I have multiple savings accounts, and they all have a different purpose. With the way inflation is going and the cost of living is rising, I know that the idea of saving money seems ridiculous. It is important to save when you can, though. There are […]