Blog

24Mar, 2015

Are you trapped in debt ? (Part 1 of 2)

By |March 24th, 2015|Financial advice, Money & Society|0 Comments

If you follow the financial news on a regular basis, you certainly heard about the most recent debt figure released by Statistics Canada: Household debt to disposable income hit 163.3% by the end of 2014. In plain English, it means that for every $100 of disposable income, Canadians owe $163.3 in debt.

In other words, we […]

19Feb, 2015

One Question To Ask Often

By |February 19th, 2015|Financial advice, Savings|0 Comments

If you have read the book “The Secret”, you would be familiar with the 3 essential steps to manifesting what you desire in life:
Step #1- Ask
Step #2-Believe
Step #3-Receive
Although this is NOT a post about the Law of Attraction, I want to share with you 4 recent examples of using these same steps… to save money !

Scenario […]

31Dec, 2014

Ready, Set… Goal!

By |December 31st, 2014|Financial advice, Savings|0 Comments

It is not enough to simply wish “to retire rich” and cross your fingers that you will somehow get there. It is essential to define your financial goals to give yourself a clear picture of where you’re heading and what needs to get done to arrive there.

The following 4 steps will guide you with your […]

19Nov, 2014

‘Tis the season to budget

By |November 19th, 2014|Financial advice, Money & Society|0 Comments

The holiday season is fast approaching. Planning your upcoming expenses is an essential exercise so you can stay on the right financial track. It will also help you relieve the knot in your stomach as you open your credit card statements in January. As they say, “fail to plan, and plan to fail”.

So here […]

11Oct, 2014

The paycheck-to-paycheck generation

By |October 11th, 2014|Financial advice, Money & Society, Savings|0 Comments

 

“How would you describe the current state of your finances, using 4 or 5 adjectives?”.

That’s one of the questions I always ask my new clients when I meet them in my money coaching practice. This single question can reveal a great deal about how you are currently managing your money.

Some of the most common […]

16Sep, 2014

The Home Equity Line of Credit: a double-edged sword

By |September 16th, 2014|Financial advice, Money & Society, Savings|0 Comments

In recent years, lenders have been consistently recommending the homeowner’s line of credit (HLOC) to consumers. On the surface, it looks like a great financial product since it gives homeowners quick access to their home equity at a low interest rate (3-4%). The line of credit can then be used for renovations, large purchases, holidays […]

10Jun, 2014

How can I start teaching my kid about money ?

By |June 10th, 2014|Financial advice, Kids and money, Money & Society, Savings|0 Comments

As adults, the way we deal and think about money today is what we were taught at a much younger age.  We all learned about money from our parents, either directly or by observation.  Those lessons influence our financial decisions our entire life, whether we are aware of it or not. Therefore, it is crucial […]

5Jun, 2014

Save Now, Buy Later

By |June 5th, 2014|Financial advice, Money & Society, Savings|0 Comments

As a consumption-focused society, we are constantly bombarded with the message “Buy Now, Pay Later”. All you need to do is pick up your weekly flyers bag and count how many “Buy Now, Pay Later” ads you find inside. I did the exercise myself a few weeks ago and I found 10 of them!

The underlying […]

14May, 2014

Know Thy Money

By |May 14th, 2014|Financial advice, Financial psychology, Money & Society|0 Comments

What’s the first step you need to accomplish before you can change any behavior? You have to obviously be aware of the behavior in question. That is why financial awareness is crucial if you want to change the state of your money. Essentially, you need to have a crystal clear awareness of where you stand […]

17Mar, 2014

De-clutter your financial life

By |March 17th, 2014|Financial advice|0 Comments

As the old saying goes “Cluttered space is a cluttered mind”. The same applies to your finances. When you are lacking coherent organization or you have a messy financial system, it can lead to poor financial decisions. That’s because you are unclear about where you stand, you don’t know what bills are due or overdue, […]