It is important to stay on top of your finances and keep a finger on the pulse of your household budget.
Tag: Financial Literacy
Financial Deep Cleaning Series – Part 2
Deep cleaning your financial rooms can save you a lot of money, significantly reduce your monthly “burn rate” and significantly reduce your stress.
Financial Deep Cleaning Series – Part 1
Part 1 – Get Rid of the Junk. “Individually, these small things likely don’t disrupt your day-to-day financial well-being.”
Week 4: Teaching Children About Money Can Mean Better Financial Literacy for the Whole Family
Life presents lots of opportunities to hone your own financial literacy skills and to help your children develop theirs. Deciding that you will share as much as possible with your kids can help you to be disciplined in making decisions and dealing with the impacts on you before you share with them, and that can be a good thing for the whole family.
Week 3: How Students Can Learn From Their First Big Financial Decision
Students should not be left out of financial decision making for school and should work with their budget and understand it; if they are going to learn from this important decision.
Week 2: How To Live Beholden To No One
Calvin Coolidge once said, “There is no dignity quite so impressive, and no independence quite so important, as living within your means.” I like to think what he meant by this is that when you live within your means, you can hold your head high because you are beholden to no one.
Week 1: How Being Comfortable Means Security and Options
There are a number of factors that play into achieving financial well-being. Some are within our control, and unfortunately, some are not. Like most things in life, we should focus our attention on the things that are in our control.
November is Financial Literacy Month
Financial Consumer Agency of Canada (“FCAC”), FLM is a coordinated effort “to strengthen the financial literacy of Canadians and empower them to manage money and debt wisely, save for the future and understand their financial rights and responsibilities”.
The Cost of Keeping Up With the Jones
We often see families putting themselves in difficult financial situations because they make purchase decisions based on emotions rather than considering the total cost. Sometimes, we have to take a step back and ask ourselves a few questions: what are these material things going to add to my overall quality of life? How are we going to pay for these purchases and what is the overall cost?
The Real Cost of Vehicle Ownership
Think about the cost of ownership before you buy and then think about the cost of use and think ahead to consolidate trips, skip the trip, or car pool with friends and co-workers. The cost of vehicle ownership also needs to be considered when you choose where you live. While the cost of housing may be cheaper here in rural New Brunswick, the cost of the travel can offset the housing cost savings.