Financial emergencies can happen at anytime without notice or warning. Two-thirds of Canadians have some form of an emergency fund to cover unexpected expenses but one-third don’t. In times of uncertainty there may be increased financial pressure on you. In times of rising interest rates and increased mortgage payments, having extra savings to tap into […]
Several years ago, I wrote about the impact of rising interest rates on our personal finances. Market conditions are changing again, and it is time to revisit this topic. Canadians have enjoyed low interest rates for an exceptionally long time. Many of us have taken advantage of “free” money by borrowing and leveraging our […]
Getting on the road to financial success starts with taking charge of your money and creating a future for yourself based on your life goals. In order to move forward with anything in life, it’s essential to start fresh and leave out-dated ways of thinking and doing things in the past. Many of us feel […]
Grandparents have accumulated a wealth of wisdom and financial know-how over your lifetime. The greatest gift you could give your grandkids is to help shape and inform their financial intelligence. Talking to your grandkids about money will help them to acquire a healthy understanding and relationship to money. Today there appears to be a void where […]
Learn from 2016: Improve your cash flow in 2017. Let’s be honest: when it comes to personal finances, 2016 was a really bumpy year for many people. As the year comes to a close, it might be a good time to take a step back and reflect on how well you managed your money during […]
Talking about money isn’t easy with our kids. It’s really easy to lose your cool when discussing money.Over-indulging our kids and buying things they don’t need is a recipe for disaster. It can come at a financial cost for example, taking on more debt, delaying retirement, prolonging mortgage payments etc. But what do you do […]
Time is always well spent with friends and family engaging in conversation. Most of us know the enjoyment and pleasure that comes from breaking bread with friends and family. Recently we dined with our friends from Vancouver. We shared stories about everything in our lives from work-life balance (or lack thereof) to how expensive it […]