Broke Student Goes From Picking Up Street Butts To Millionaire

Budgets Only Work For People Who Have Money To Budget   I can’t tell you how many times I’ve heard someone tell me that budgets only work for people who have money to budget. Most often the moment I hear that I know I’m in for a long conversation about life and how it all went wrong and it’s the worlds fault that they can’t balance their wants and needs on whatever income they have. I’m not talking about homeless people who have no money coming in unless a stranger walking by spares them a few dollars rather I’m talking about the people who do have dollars coming in month after month. In fact I bet there are some homeless people who are better at saving or even sharing what they have with others because they know they have to make it stretch or last until the next time, if there is a next time. Not harsh at all, just reality. It’s a reality that some people will never understand unless they live it and there are some of you who DO have a roof over their heads, income and means to spend less BUT opt for making excuses over […]

Financing Your Kid’s Future With The Canada Child Benefit

Here’s Hoping The New Canada Child Benefit Will Be A Boost For RESP’s   Paying for your kid’s post-secondary education is going to be expensive.  Like.  Really, really expensive. I have a 6-year-old so I think about this a lot. Tuition and books will run you about $7,000 today. But when you add some more on to account for the requisite buses and beers, that number jumps to at least $10,000 – and that’s if they live at home with you. Tack on a modest 3% inflation rate to that, to project 15 years out, and you’re looking at $16,000 a year, for probably four years.  That’s a total of $64,000. Breathe. Just breathe. The $64,000 question:  Is the Canada Child Benefit part of the answer? This is, quite literally, the $64,000 question. And it is better to ask it – and ideally answer it – as soon as possible to give you as much time as possible to save. Perhaps the new Canada Child Benefit will help. The Canada Child Benefit, or CCB, is a new program aimed at helping families with the cost of raising children today and into the future. The cheques (or direct deposits) arrived in […]

The 2016 Federal Budget is in: What Does it Change for You?

IT’S IMPORTANT TO UNDERSTAND DETAILS OF THE NEW BUDGET   The new Liberal government rolled out their 10 year spending and tax plans on Tuesday, March 22nd. In a nutshell, the 2016 Federal Budget focuses on putting more cash in the pockets of low and middle-income families and on improving the infrastructure in cities and in aboriginal regions. If you don’t have time or just don’t feel like reading through the 271 page document, here is a summary of a few key changes that will affect the majority of Canadians and may affect you if you fall in the category.   Are you in the “Middle-Class”?   The definition is a bit unclear, but the new budget benefits families earning less than $150,000 per year and individuals in the second tax bracket ($45,282 to $90,563). Most of the benefits in this budget have been targeted to the majority of Canadians who fall within that definition, and marginal tax rates were reduced by 1.5% at the end of 2015 for the second tax bracket. If your family income exceeds $150,000 or your individual income puts you in a higher tax bracket, then you will not benefit from most of these changes […]

grocery game monthly challenge

Is one cent a grocery price savings? : The Grocery Game Challenge #1 Mar 31- Apr 6, 2014

DEAL OR NO DEAL?   Pack it in for the one cent day coming to a grocery store near you. Now if it were the million dollar penny that might be a different story but it’s far from it. We always have our eyes peeled on grocery prices when shopping but this was one deal that had us a bit stumped. Now normally a good deal is too good to miss so when I saw this latest deal I was more than a little confused. It’s not only grocery stores posting one cent savings we’ve seen it on Facebook with airline bookings as well. While out shopping with my wife at the supermarket I came across a deal that looked strange to begin with. The small pack of donuts in the picture above were originally marked for $1 but there was a one week sale on that no one could resist, What was the deal? Well it’s clear from the photo that you could save a whole 1 cent. Wow I hear you cry, that’s not a particularly good deal at all. That’s what initially thought until I got thinking about and then realized that there is NO DEAL, or […]

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