Men, Women, and How They Think About Money

MONEY IS MONEY BUT ADD GENDER TO THE MIX AND THE MEANING BECOMES SOMETHING MUCH DIFFERENT.   Money is central to our existence and we all know it. We need, want it and got to have it. There’s nothing new to report here about any of that. It’s the basic reason we all get up every morning, battle the elements and the traffic, and hunker down at our jobs every day. Whether you are a Canadian or an American like me, there are differences between the genders. If you’re a man, you’re more likely to be coming home from work each day, unwinding and spending your time as you see fit. If you’re a woman, not so much. For as long as there have been people working outside the home, women have born most of the burdens of taking care of the home, kids, chores, and those kinds of things. When you look at the last 30 years of changes to our society, i.e. the big addition of women to the workforce, there may have been some changes in that old school approach…but not enough. Men still fundamentally think of women as the responsible party when it comes to family, […]

I’m ashamed I owe money because I chose to conform

 LIVING IN A PLAY PRETEND COSTS $   No one likes to owe money and there are times that people push the thought of paying back debt to the side until it comes time that the bills are mounting up. I don’t think we purposely set out to create debt but I also think some of us have misconceptions about life and money and how it’s all going to roll out in our favour. Often that’s not the case and the motto “work for your money” or “spend less than you earn” is not as important as it is to be socially compatible with friends. A hefty price to pay for friendship although we fashion a lifestyle that we believe will get us ahead and for some it works but for many it does not. I’ve always been someone who didn’t try to fit in rather I made my fun. I figured that if I needed to make an effort to be someone I’m not I likely shouldn’t be hanging around certain people. Even though one might work hard to bring in an income every month it’s important to allocate that money towards the most important parts of of their […]

Is it wise to stay home and pay off my student debts?

I WANT, I WANT, I WANT   Ah, the student debt fever doesn’t hit until school is done and reality hits the young adults of today. End of the school year 2014 is quickly approaching which means many graduates will be free from their education but not from their student debts. Today’s post is based on a question in the CBB mailbox from a student fan who was looking to me and all of you for some advice on what he/she should do after University because of student debt load. It’s funny how many people when given lump sums of money or money in general will live in the moment especially if they don’t have any savings to back them up. The feeling of happiness that money brings to most people overrides anything that will happen after the fact such as paying it back. I know a friend of ours who year after year gets in a financial bind and has to get a loan from whoever is silly enough to give it to them. In the months leading up to actually finding someone to give them a loan to pay off their debt they are miserable, have no money […]

Working Towards A Debt Free Lifestyle In 8 Steps

YOUR DEBT FREE LIFESTYLE WILL OFFER YOU OPPORTUNITIES THAT DON’T COME FOR FREE   Working towards a debt free lifestyle is possible, that is if you really want it bad enough. I’m sure you all know that the 8 steps are only stepping-stones, meaning one step leads to another. Perhaps you may learn that our steps differ from what your ideal steps are but learn to create your own. You may only need 1 step but the first step may be the most important of all. You can make that happen. There may be some of you who didn’t start saving early like we did but that doesn’t mean you can’t follow the road to debt freedom. Start today. If you take a sincere interest in wanting to learn how to pay off all your debt and start saving for all the things you’ve wished for in your life, it can happen. Sometimes we have to make sacrifices to get ahead especially if you are in a relationship. Getting rid of our mortgage was one of our top goals when we bought our home so instead of investing in renovations like we wanted to with the extra money saved, we backed away […]

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