TRENDING  CHOOSING A LOAN AGENCY OR LENDER    

/consumer-education/

Budgeting

/consumer-education/

Budgeting

TRENDING  CHOOSING A LOAN AGENCY OR LENDER    

06.22.2020 / Budgeting

Budgeting Emergency Fund vs. Savings
Savings or Emergency Fund?  Saving seems like a straightforward concept.  But that term encompasses so many specific ideas within it, and all of them seem important.    The emergency fund is always a common recommendation, but does it differ from a regular savings plan?  The short answer is yes,…

06.17.2020 / Budgeting

5 Factors that Prevent Debt Payoff
The Battle to Eliminate Debt  Debt can go from an inconvenience to a disaster if left unmanaged.  And even once the struggle has begun to eliminate personal debt, it can feel like a futile endeavor.  Some things just get in the way.  Here are a few things to look out for when trying to be diligent…

06.16.2020 / Budgeting

How to Cut Back on These 5 Common Items in Your Budget
  Most people have a budget of some kind.  Some may have a bigger budget than others, but almost everyone is tied to a monthly spending cap.  Even for someone who has taken the time to make a budget, there are still more ways to “trim the fat.”  There are some common items in almost every budget…

06.15.2020 / Budgeting

Smart Money Moves to Manage a COVID-19 Recession
Many Canadians are concerned about how they will pay bills as the COVID-19 pandemic continues and recession takes hold. Good decisions are the key to weathering this financial storm. It is important to make smart money moves by examining your budget and seeing where you can make critical cuts in…

06.10.2020 / Budgeting

3 Easy Steps to Creating a Simple Budget
Why Create a Budget? For those who have ever been afraid to pull up a bank statement because of yet another overdraft, a budget is desperately needed. Really, every household needs a way to keep track of spending; but a budget is a necessary part of life that not only gives households a complete…

06.22.2020 / Budgeting

Budgeting Emergency Fund vs. Savings

Savings or Emergency Fund?  Saving seems like a straightforward concept.  But that term encompasses so many specific ideas within it, and all of them seem important.    The emergency fund is always a common recommendation, but does it differ from a regular savings plan?  The short answer is yes,…

06.17.2020 / Budgeting

5 Factors that Prevent Debt Payoff

The Battle to Eliminate Debt  Debt can go from an inconvenience to a disaster if left unmanaged.  And even once the struggle has begun to eliminate personal debt, it can feel like a futile endeavor.  Some things just get in the way.  Here are a few things to look out for when trying to be diligent…

06.16.2020 / Budgeting

How to Cut Back on These 5 Common Items in Your Budget

  Most people have a budget of some kind.  Some may have a bigger budget than others, but almost everyone is tied to a monthly spending cap.  Even for someone who has taken the time to make a budget, there are still more ways to “trim the fat.”  There are some common items in almost every budget…

06.15.2020 / Budgeting

Smart Money Moves to Manage a COVID-19 Recession

Many Canadians are concerned about how they will pay bills as the COVID-19 pandemic continues and recession takes hold. Good decisions are the key to weathering this financial storm. It is important to make smart money moves by examining your budget and seeing where you can make critical cuts in…

06.10.2020 / Budgeting

3 Easy Steps to Creating a Simple Budget

Why Create a Budget? For those who have ever been afraid to pull up a bank statement because of yet another overdraft, a budget is desperately needed. Really, every household needs a way to keep track of spending; but a budget is a necessary part of life that not only gives households a complete…

06.10.2020 / Budgeting

5 Small Ways to Save Money

  The Quest for More Money It doesn’t matter how much money is made, there never seems to be enough.  Even after a great raise or new position, the excitement only lasts long enough for a recipient to adjust to a new lifestyle.  Then, ending up with the same small amount left in the bank account…

06.10.2020 / Budgeting

Establishing an Emergency Budget During the Coronavirus

Since reaching pandemic status, COVID-19 has proven to be a major threat to the health and safety of all Canadians. In addition to jeopardizing Canadians’ health, though, the virus has wreaked havoc on many individuals’ finances. The government’s economic response plan outlines details of support…

06.09.2020 / Budgeting

How to Track Your Household Budget

A budget is a financial plan that estimates income and spending over a specific period of time. Using a budget will help you to live within your means by planning your spending and savings. When you track your expenses and create a household budget, you are taking an important first step towards…

06.09.2020 / Budgeting

How to Attack Debt

Debt can be daunting. Especially when each month you continue to receive bills for rent, car payment, student loans, credit cards, etc. and you don’t know how you’re going to pay it all off. Fortunately, there are a few simple steps you can take to help reduce your debt. First, calculate your debt…

06.09.2020 / Budgeting

Basic Money Management Tips

Get organized! Paying your bills on time will help you avoid late fees and penalty charges. Create a list of your current bills. Print a month-long calendar and record the due date of each bill. Make bill paying easier by filing your bills by the due date. Prioritize your debt. Decide if you…

05.22.2020 / Budgeting

4 Necessary Tips for Budgeting the Perfect Wedding

Party Responsibly The average wedding today costs around $35,000.  To put that into perspective, that’s about the cost of a new car.  But even if a couple is fortunate enough to afford it, all weddings tend  to cost more than anticipated or planned.  It is possible to keep a wedding at or under…

04.24.2020 / Budgeting

What Items Are Best to Cut from Your Budget in Tough Times?

Adjustable and Realistic Budgets Finishing a budget can feel like a monumental achievement, but it can’t just be left alone.  A solid budget needs to be constantly tweaked and adjusted, especially when times get tough.  If someone in the household loses a job, if clients dry up, or if sudden…

04.22.2020 / Budgeting

How Much Should You Save Every Month?

Saving is Important  Almost every child had a little piggy bank and was reminded to save their coins while growing up.  It may have even been fun adding to the little savings account for a piece of candy or another small treat.  Now, as adults, the years have added a little wisdom to our lives.  …

04.16.2020 / Budgeting

When Should You Adjust Your Personal Budget?

Don’t Set It and Forget It  Going a long time without a budget can be a huge mistake and getting it back on track can be a grueling process.  Budgets are important, but they need to be accurate, and it can take several revisions to get it just right.  Life happens, sometimes for the better,…

04.15.2020 / Budgeting

5 Important Key Categories in Every Budget

The Importance of a Budget  Budgeting is not typically something people enjoy as it can be tedious and time consuming.  However, the purpose of budgeting is to identify the money that is coming and going, minimizing stress and unnecessary worry.  Once you get into the habit, it doesn’t take very…

03.17.2020 / Budgeting

How to Vacation on a Budget

Don’t Let Spending Ruin the Trip  Who doesn’t love to dream and indulge in the travel brochure that talks about cutting loose and living large?  With that said, money concerns should never ruin a vacation.  It is possible to vacation on a budget, with just a little thought and preplanning.   …

03.10.2020 / Budgeting

5 Inexpensive Home Renovations that Add Value to a Home 

Strategic Improvements  The Do It Yourself craze has officially swept the world, and more and more people are itching to make renovations, additions and improvements to their homes.  But many are finding that once their updates are made, they have a hard time re-selling the house.  While passion…