The money-box inspired my passion for finance


 SAVING MADE EASY    The money-box I had as a child is a memory that has inspired my love for finance which has continued to broaden as I get older. My post today is for financial literacy awareness hosted by The Heavy Purse blog. I’m participating with many other bloggers around the world sharing their Ah ha moment when it came to money at some point in their life. I was asked to remember my first Ah ha moment in my life when financial sense struck me. For me the money-box was key. Growing up in the UK for most of my life may differ from life in North America but saving money is universal. After looking back and remembering things from an early age, I can say without doubt that I’ve been careful with my money for a long time. The money-box  Even as a young child of roughly six, we got given pocket-money and mine went in the money-box I had. It was nothing special, just a standard looking cube with a coin slit in the top and a stopper in the bottom to get the money out. I was never happy spending it on things at the drop of a hat. […]

Our mortgage amortization schedule is going in the bin: March 2014 Net Worth Update (+0.75%)


 NO SWIFFER NEEDED JUST A FIRE PIT   Yes, that’s right no more checking the amortization schedule on our mortgage to see how far we have come and costs involved with our mortgage. The time is very near where we start the fire and light up those mortgage papers to say good-bye and good riddance. Although the last few months of our budget have been filled with unexpected expenses we are still on target to say goodbye to our mortgage, for good. Next months Net Worth update should be titled, Mortgage free at last…. or something to that effect lol. It’s been a long 5 years in this house but it was worth the sacrifices of using the budget (which is free if you want to download it) to save the money for all the necessities we’ve needed so we can be mortgage free before 40 years of age. Although we’ve had the money for close to a year to pay the mortgage the exchange rate for the UK is at an all-time high since I moved to Canada back a few years ago now. I’m pulling the money I have over there while I can. The last thing I […]

What type of bank should you stash your cash in?

Bank Western Style

MAKE AN INFORMED BANKING DECISION   Deciding where to open a bank account, invest your money or apply for a mortgage can be an overwhelming process with more than the traditional banking options available. While the Big 5 banks in Canada are a common option for many, depending on your situation you may find that other financial institutions may be a better fit for your banking needs.   Assess your needs   What are you setting out to do? Are you a new business owner, looking to invest, applying for a mortgage, opening a savings account or are you just looking for day-to-day banking? Decide what banking options are most important to you. Before you start out on your search make notes as to what is most important to you when it comes to your banking needs. This will help to ensure that you will make the best decision that you will continue to be happy with. Some major factors to consider are the availability and quality of customer services, accessibility to your money, convenience and the fees associated with your banking.   Traditional banks   The Big 5 banks in Canada include Royal Bank of Canada, Toronto-Dominion, Bank of […]

What to do in the winter that won’t break the bank: The Saturday Weekend Review #54

winter trees

YOU EITHER LOVE IT OR YOU HATE IT…SNOW   It’s been no surprise with the cold snap we have had the past couple of weeks here in Canada that most of us want to just hibernate. I’ll be honest and say that when I first moved to Canada I enjoyed the luxury of having all the different seasons especially watching the snow fall in the winter. I was a lover of the winter white stuff, oh, for about 2 years until it just kept falling and falling and falling and getting colder and colder. I’m just about running out of places to shovel the snow. What is miraculous is that it’s been so cold that even photos of a frozen Niagara Falls keep surfacing on the internet and it truly is a beautiful sight. I’m used to it now and for that brief moment in time I am still very excited to see the first snow fall and the beauty it brings to our surroundings. My family back home in the UK even though they get some snow are always jealous about the amount of snow we have in Canada and the kids wish they could do what the kids […]