How To Become Financially Secure So You Forget It’s Payday : June Net Worth Update (+0.74%)

FOCUS ON LIFE NOT JUST YOUR BANK ACCOUNT   I know people who count down the hours before payday when their bank account will be back in business. It’s not the best spot to be in financially because you are living payday to payday but the struggle is real for so many Canadians. It becomes a vicious circle until you find a way to put the brakes on a stress that is probably weighing you down. Becoming financially secure is a dream for just about everyone so we can forget the daily worries of car payments, mortgage, credit card bills and a host of other debts that cause stress-related issues, relationship issues and potentially depression. No one likes to feel that they are not in control of their lives especially where money is concerned. What does financially secure really mean? Well, I can tell you that it doesn’t mean that you have a job that pays you big bucks. That misconception is what gets people into financial trouble in the first place. This just happened, check it out.   It takes more than an income to stay away from debt   While chatting to a colleague at work briefly the […]

Can you picture yourself living the retired life?

DREAMING OF YOUR FUTURE   I’m not sure everyone can picture themselves retired because we base it on what we think we know and what we want to believe will happen during the supposed best years of our lives. Planning for retirement almost seems as if you are writing a guide about a future time and what your life will potentially be like. Don’t be envious of others’ success create your own but that starts with a plan of action and a will to want something that suits your own needs and not those of others. For some people their book is so big they struggle to get hold of it without the help of others, some don’t care and others take minimal interest in life after working for a living. I don’t know how much I agree with it being the best years but I’m certainly not one to judge because I’m not retired. In fact, I’m quite a few years away from retirement. Although I may be able to retire early I still struggle with what I will do when I no longer have to get up to wanting to throw my old cell phone from the UK […]

Forcing your financial belief system never works

YOU HAVE TO BELIEVE IN SOMEONE   Someone always has a financial belief system that will change your life and believes that it will not only change their life but yours as well. Eventually you have to believe in someone, even if that someone is yourself. The pushy sellers will stop at nothing to try and change your mind by forcing their financial belief system on you but when it’s your money, it’s your decision. What is the definition of belief anyways? Simple, it’s what you as a person trust to be the true answer, having faith in something or someone or a proper way of doing something. At least that is what it means to me. In order for me to believe in something I have to trust the source. There is always risk no matter what you believe. When no one believes in your financial decisions what do you do? If no one believes in my way of thinking the answer is easy for me because I’ve never been one to follow the opinions of others unless I found them to be beneficial to me. Financial news lurks everywhere, online, on the radio, in print and at your […]

Surviving A Lower Income On Maternity Leave In Canada

  Most parents-to-be struggle with the thought of living on a lowered income or some put off having a baby altogether for fear they can’t afford a child. I survived two pregnancies and two maternity leaves and made it through the after baby financial changes to our net income. I also have to mention that my marriage survived as well. You are laughing?? Just imagine, in a matter of seconds, you have more expenses and a lower-income. I am not going to lie, this is probably going to be the hardest thing you have done in your life. Lack of sleep, no time to eat or take a shower, not to mention the financial worries but I am proud to add, an enormous sense of accomplishment. I like to think that the worst is now behind me. There are so many things I wish I knew before I had kids but here I am now and I will share with you some of my precious findings. Here are some tips on how to enjoy parenthood instead of worrying about your finances and your sanity. What are EI parental benefits? EI parental benefits are offered to parents who are caring for […]