How to prevent financial secrets in a relationship

how to prevent financial secrets in a relationship(1)

TOGETHER MEANS TWO   Unfortunately if you are married debt is a family affair and if there are any financial secrets hiding in your closet you still may be on the hook for them. “My spouse secretly racked up credit card debt.” How many times have we heard that scenario, over and over again? A guy I know went through this relationship changing scenario with his now ex-wife. He got married shortly after University to the woman of his dreams. She was a happy, smart woman whom he had lots of fun with and they connected well, they were in love. On the outside it seemed like she had her stuff together. I met her a few times and she was always pleasant. Over the years they bought a house and worked their way up the corporate ladder. It was in 2012 when his wife lost her job due to downsizing that everything went downhill for them, and fast. She struggled to find a new job in her field of work that year but as far as he knew she was still looking for work. They had less and less money to keep their huge house running so they had […]

How to purchase the right home appliance the first time


OWNING A HOME COMES WITH A PRICE TAG   Major appliances are a costly home purchase so when they go on the blitz it’s important to make sure you have emergency savings in the budget or potentially be left without until you can afford new or second-hand. My family has been shopping in the appliance market this last month and while it has been an interesting experience for all of us, I have a learned a few things to keep in mind for future purchases. Being my first time as part of the decision-making process while shopping for a new fridge and stove, I think I did pretty well. Buying new appliances should be easy right? While purchasing the appliances for my home was a fairly smooth process, what my mom endured while buying a new fridge for her kitchen was not so much.  Even after a minor shipping fiasco I am 100% satisfied with the customer service I received and the purchases made. Both my fridge and stove were to be delivered together but somehow they ended up on separate delivery trucks. After originally being told I would have to wait until the following day for my fridge to […]

How to get what you pay for when buying online


DON’T REGRET YOUR PURCHASES   If you fail to take a few minutes to read over the small print you might just be surprised what you are actually buying. With the holidays fast approaching and many people scrambling to buy their Christmas gifts many people buy online, especially if they can score a great deal. We often talk about how we like to sometimes buy online vs. in-store whether from Kijiji or picking up the odd items on Ebay or Amazon but with that comes caution when spending our money. Buying online items is not something new and it’s well secure for the most part but what happens when the buyer is the person who is trying to scam you out of money even though it’s plain to see you are getting what you pay for. I was reading a Yahoo post the other day about a 19-year-old guy from the UK of all places who was hoping to get his hands on the new X-Box One that was recently released. He also has a 4-year-old child whom he stopped at nothing to make sure he was able to get the X-Box One for but he was duped at the […]

The power of plastic points


If you’re like most people, you probably have a wallet full of colourful plastic cards that are taking up space and making it harder and harder for you to close the clasp! If you look through them, you’ll likely discover that while some of these cards are useful credit and debit cards than a few are loyalty cards you just never use. It’s understandable how anyone can end up with such a collection. Practically every retailer offers a loyalty point scheme. At the time, it can be hard to think of a good reason to refuse and with a little effort, the points we collect with plastic can be worth it … as the following tips show.   Be selective of points cards   Before saying yes to every loyalty point card which is put under your nose, think about how often you shop in a particular store. Is it really worth the effort of filling out the application form? Think about where you would shop regularly even if you weren’t part of a loyalty scheme. Once you’ve identified these stores then take advantage of the schemes that they offer. One of our favourite shops to use a rewards points […]

Tic Toc… That’s the sound of your debt clock


DEBT AND TIME WAITS FOR NO ONE   We’ve heard it all before when it comes to debt especially from those people who are sinking and have no idea how to get out from underneath. Some people think that debt can build over time  like my friend Tony who had to pay back over $100,000 in debt, so it’s true. Debt isn’t all bad but recognizing that any money owed is debt and it’s a debt that needs to be paid back. Consequently you can also accrue debt faster than you can shake a stick at when you aren’t mindful of your finances. It’s just another reason I feel a budget is important for our financial health and what has helped us get out of debt.   What is debt?   We’ll keep this part simple and honest. You want to buy a mobile home that costs $20,000 and haven’t got the savings to buy it out right so you buy it on credit instead. Now you’re in debt, you are now obligated to pay for something you didn’t have the money for in the first place. There are two ways out of this, the first is to pay off […]