Bank Error Cost Us BIG NSF Charges- Don’t make this mistake!

SOMETIMES YOU JUST HAVE TO ACCEPT YOUR SLIP-UP WITH A SMILE   A bank error and oversight can happen to anyone and if it hasn’t happened to you the consequences can be a devastating financial blow. Imagine the sun is shining, you’re enjoying your first cup of coffee for the day and all seems to be going well. Then you sign into your banking app only to see a negative number flash before your eyes when you know you have money in the bank. How could this be? What is going on? The questions start rolling through your head like thunder and a take-charge attitude ensues. You might be the best of the best when it comes to your finances but even the pros make mistakes and so do the banks as we recently learned from a simple bank error and oversight on our part. This mistake almost cost us near $200 in Non-sufficient fund fees which at the time was a huge blow to our perfect score of never paying a lick of interest to a credit card company let alone being hit with bouncing funds. Before I get into the story I want to let all of you […]

Is It Better To Buy Life Insurance or Fund Your Retirement?

WHICH CHOICE IS BEST FOR YOUR SITUATION?   There is only so much money to go around right? We all have things competing for our hard-earned dollars. Often we have debt, medical expenses, food, shelter, kids, and a hundred other things that all require some amount of money to keep them afloat. But when it comes to protecting yourself by buying life insurance or funding a retirement that is 30 years away, the decision on which is choice makes more financial sense deserves some deeper thought.   Buy Life Insurance Or Invest For Your Future?   If you have kids, a spouse, a mortgage, or other financial commitments you need to ensure that money is available in the event that you unexpectedly die. Where would this come from? Well, a life insurance policy is the best choice if you are under the age of 50 and don’t have liquid money to cover your debts and care for your loved ones. Perhaps the best way to consider the need for life insurance is actually based on your age. For this reason we will go through some typical stages of life, and determine what if any, life insurance should be purchased. You […]

Will signing a room rental agreement feel like moving home?

BEFORE RENTING A ROOM……   Signing a room rental agreement could feel like you are moving in with your parents but it could be worse, you could be moving in with Sheldon Cooper. Although renting a room is a great way to save money in the budget it also comes with pros and cons but it’s best to do your homework first before signing on the dotted line. Not all families or couples are the same so like the homeowner who may interview you to see if you are the right fit to move in you want to do the same. If you are someone who likes to live in clean, quiet environment then search out rooms for rent that fit that description. If you don’t mind kids and pets you can easily find a room for rent because lots of families are looking to supplement their income if they have a spare room in the house. Kids are costly after all. Today I have a fan question that came in that I was easily able to answer since I’ve been in his shoes before. I’m happy when the fans do their homework because not only are they saving themselves […]

Driving distractions and making your own rules of the road cost

NOT USING COMMON SENSE COSTS   Driving a vehicle takes skill and that’s why in Ontario a licence is not handed to you on a silver platter. If you factor in the cost of purchasing a car, obtaining auto insurance and licence plate stickers, just owning a vehicle can be expensive. Add in the cost of getting your driver’s licence, renewing it every five years, gas to be able to drive your vehicle as well repairs and regular maintenance and the cost of driving quickly goes up. So if owning and driving a car takes up a significant chunk of our budgets, why do some of us choose to make driving even more expensive than it already is? While these expensive choices eat away at our budgets they are often also unsafe.   Distracted driving   With the wide use of smart phones these days, distracted driving is most often referenced as ‘texting and driving’. Even though texting is what we most often hear about, it is not the only thing that classifies as distracted driving. Having two kids in the car can be a distraction I will admit, it’s hard to ignore. Sometimes they get upset because I can’t […]

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