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5 Ways to Get Rid of Credit card Debt
The average credit card debt of a US household is over $15,000. That is a lot of money! Our neighbor to the north is in even worse shape in that an average Canadian household owes nearly $27,000 in credit card... (Continue reading)
How we paid off our mortgage in 6 years
If you have ever heard the phrase “A day late and a dollar short,” it applies to me. After spending six years looking forward to the day when I could burn my mortgage, my final lump sum payment was $1... (Continue reading)
If You Have 10 Years Before Retirement
The November issue of Money magazine contains a bunch of retirement articles. It must be their retirement issue. I am planning to evaluate each article one at a time to see if I agree with their position. The first article... (Continue reading)
Emergency Funds — The Key to Weathering Financial Storms
Over the last few days, we have watched with horror as Hurricane Sandy has roared up the East Coast of the United States. We have seen the devastation that a storm can cause, both in a physical sense and in an... (Continue reading)
Credit Card Shopping
Written on 7 Oct, 2012 at 18:15 in Better Living | Comments
Excerpt courtesy of The Family Finances When was the last time you went credit card shopping? No, I don’t mean when was the last time you went shopping and paid for it with your credit card. I mean, when was... (Continue reading)
Retire Early Plan Has High Risk of Failure
Ming and Li are exceptional savers. They have already paid for their $300,000 home in southwestern Ontario and saved nearly $330,000, without any help from parents since they graduated. They have built a solid financial base for themselves and their... (Continue reading)
Want to Retire Early? Start Saving Now
If you’re dreaming of an early retirement, you need to start saving at an early age, too. That can be difficult if you’re just stepping into your first full-time job, or if you’re also saving for a house or paying... (Continue reading)
Why you’re earning less than you think
Do you know how much money you’re earning for the amount of time you work? Of course you know that your salary is “x” amount of dollars and your typical work week might be 35 to 40 hours. However, there’s... (Continue reading)
GIC or Savings Account?
I recently had two reasons to look up the going rates on GICs and savings accounts. I thought I’d share what I found with you today and raise the question: Is it worth it to put cash into a 5-year... (Continue reading)
The Stages of Financial Security to Ensure Your Financial Independence
We all want financial security, but, wow, it sure does seem like a long way off to most of us, doesn’t it? It’s hard to stay focused on such a distant goal, so I like to create mental milestones to... (Continue reading)
