Making everyday easier
Quick and to the point! I hope after this article you no longer wonder when you should update your budget! Start now: Every year, at least Take the opportunity in January while you are doing New Year’s resolutions and re-evaluate every category and percentage. Aim to increase your savings rate every single year. See: Exposed …
This is a very short, basic and quick guide of financial education for beginners. If you want to start learning about money, take a look at these books, blogs or YouTube channels which will offer you a ton of information to start gaining confidence on what you can do to take control about earning, savings, …
Depending on where you live, relying on one source of income could be risky to your finances and FIRE. What would happen if you get laid off? Do you have enough savings to support the needs of your family until you find another job? You need to start putting your eggs in different baskets and …
The Registered Education Savings Plan or RESP, is a great channel for Canadian parents to start saving on their children’s education from a very early age. Think about a savings account but with some additional restrictions and benefits where the child is the beneficiary of the account. I won’t go much into detail about what …
Hidden expenses are everywhere, sometimes they are part of our routine and we don’t realize how much they can hurt our finances. Here is a list of 4 tips to save money, cut some expenses and put that money towards your debt or savings: 1. Stop wasting food When we don’t consume that $4 cauliflower …
So, you may have heard this term in the news or in a post somewhere. What is so important about compound interest? What the heck is it? Can you give me an example of compound interest? Here is one: Part 1: Starting your savings plan Let’s say, you want to start saving for your retirement. …
Eating at home is a win-win for our pocket and our health. Most people have busy weeks with full-time jobs and a house to take care of, plus family, hobbies and social life. We can’t do it all, right? Take a look at these tips to decrease the amount of time you spend in the kitchen …
One of my frugal inspirations of life and loved politician is Mr. Jose Mujica. He is the ex-president of Uruguay and known as the poorest president in the world. He donated 90% of his salary to local charities and drove his old Volkswagen Beetle while being a president. Want to know more about him? Check …
It is rare to find a person that has learned since a young age the importance of money and budgeting. I am not talking about spending money, because most of us are really good at that; or to be rich, because we all want to be that. I mean financial education. Money is not the …