Anytime we read higher-consciousness or new age articles, we are almost guaranteed to encounter the word “Mindfulness” or some derivative of it. Although it is an ancient Buddhist practice, mindfulness is now a mainstream concept.
As a spiritual money coach, I’m often attracted to anything and everything that is considered mindful. However, I seldom encounter the
Last month, I revealed 4 myths that keep people trapped in debt.
To quickly refresh your memory, here they are:
Myth #1 – The bank approved me so I must afford it
Myth #2 – I don’t need an emergency fund. That’s what my line of credit is for.
Myth #3 – I have to take advantage of
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
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”.
“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
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
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
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
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
Not every household has someone bringing in a six-figure income. Living well on a modest salary can be a challenge, but it certainly isn’t impossible.
Try out these frugal tips for living well, regardless of the size of your income or bank account:
1. Forget about the neighbors.The social world can be highly
