Drafted: June 10, 2020 (I have been meaning to publish this for a while – better late than never) Introduction Most economic theories focus on why certain economic systems are better than others. Few, however, step back and ask, “What are the characteristics that could make a system (any system) run indefinitely? And what leads economic actors (i.e. individuals, families,…
Tag: saving money
Welcome to tags! Here you will find all the relevant blog posts and content tagged with or discussing the term “saving money”.
Annual Financial Review and Goal Setting
As the year draws to a close, I have started my annual financial review and goal setting process for the year ahead. This is an important step in any financial planning. For me, the exercise helps me determine where my family’s finances stand and if adjustments are needed. It also gives me a clear picture of our current accounts and…
Money News – May 2020
Personal Finance in the News – May 2020: Here is a summary of May 2020’s Money News. This time around, topics that grabbed my attention included mortgage deferrals, COVID-19 scams, and changes in consumer behaviour. Read & Watch: Canadians are falling victim to a variety of new COVID-19 scams. These articles by BNN-Bloomberg, CBC, and Richmond News detail the common…
Preparing your finances for a second wave and a new normal
Have you been preparing your finances for a second wave and a new normal? A lot of people are returning to work or are starting to receive government aid, and this has more than few people wondering “What should I do with my money now?” Even if you’ve been lucky enough to keep your job, answering this question is important.…
How to Live on Less
Are you wondering how to live on less? A lot of people are these days. COVID-19 has resulted in record unemployment claims, and the economy is facing an ugly recession. Whether you’ve lost your job, had your hours reduced, or are just uncertain regarding your future finances, it never hurts to think about how to live on less. Below are…
Personal Finance and the COVID-19 Coronavirus
Introduction: COVID-19 is a real wake up call for how we should be managing our finances. Aside from the health impacts, COVID-19 may result in real financial hardship for many. Quarantines, school closures, and lockdowns could result in lost time at work and reduced incomes. In the bigger picture, employers may be forced to lay off workers and reduce staff.…
Money News – February 2020
Personal Finance in the News – February 2020: February’s Money News has been a rough month for financial markets as the COVID-19 virus continues to spread. Though this outbreak has understandably dominated headlines and may have widespread financial impacts, there were many other interesting personal finance stories this month: Read & Watch: These articles by the Globe and BNN discusses…
Money Saving Strategies
Money saving strategies are important, but it’s not always easy to know where to start. On top of that, in these days of information overload it’s easy to feel overwhelmed with complicated schemes that are tough to stick to long-term. As an easy antidote, to help jump-start any strategy, here’s a list of my favorite saving habits. These are simple…
Building a Budget
If you’ve already started to track your spending, you might be asking, “Now what?” The answer is, “Now build a budget!” This blog post will go through the basics of setting a personal budget to help get you started. If you haven’t already, you can also check out the Tracking My Spending post, which goes hand-in-hand with this one. …
Tracking My Spending
This blog post details how I go about tracking my spending, and why it’s important. Do you know how much you spend? It may be more than you think. Once you’re done, check out the Building a Budget post that goes along with this topic. Why is Tracking My Spending Important? Tracking your spending lets you see how much money…
Money News – November 2019
Personal Finance in the News – November 2019: A quick glance at November’s Money News for you: Read: November is Financial Literacy Month here in Canada – this makes November the perfect time to launch My Money Moves! In addition to going through my latest Money Blogs, you may also be interested in this Market Watch article that breaks down…
10 Items to Buy Used
Do you buy new or buy used? It’s a good question! While there are certain items I will always buy new, there are lots of things I like to look for second-hand instead. Here’s my list of 10 items to buy used: 1. Vehicles: Buying a new car can be exhilarating. Sadly, in most cases that shiny new vehicle will…
Seven Financial Rules I Live By
Personal finance can be complicated. For me, I’ve found that simplicity serves me best. Here are some of the basic financial rules I use with my money: 1. Budget & Track Your Spending No matter what your finances are like today, they’ll probably be better if you start tracking spending each month and building a budget. This will let you…
Money News – October 2019
Personal Finance in the News – October 2019: A quick glance at October’s Money News: Read: New York Life Insurance Company takes a look at common financial regrets. What do you regret? Or, more importantly, what do you fear regretting in the future? And what can you do today to reduce the chances of regret? Read & Watch: According to…