Travelling can be too expensive, and it can sometimes go beyond one’s budget. A common choice people are left with is to take loans in order to obtain the money. However, traveling on loans has an important side effect of incurring debts. Piling up debts can force you to enroll in a debt settlement program.

There is good news, however! You can avoid the ‘traveling with debt’ hassle just by following a few simple tips: Read More…

With all the talk these days of impending high inflation, I find my thoughts turning to ways that I can reduce or avoid the impact of this, if it does indeed happen.  In many cases, it just isn’t possible to avoid the effects of inflation, but where there are ways to do so, I can show you how to go about it.

Let’s look at some common expenses most Canadians have and see what can be done to protect yourself. Read More…

Here’s an idea you likely won’t ever hear elsewhere…consider not buying a home until you have enough cash to pay for it outright.

You heard that right.  Yes, it would take you many years to do so, but if your personal situation and risk tolerance suits it, this could add a boost to your net worth in the long run.

Some may feel that this is unattainable. Fear not: there is a way that you can get the full amount! Read More…

The Canadian dollar has seen a sharp spike up in recent months, as we’re seeing it get closer to par again. That means opportunities to save money!

Some of these opportunities will happen automatically, as in lower prices on goods you buy that are imported into the country, lower prices on some foods, etc.  Others you will have to think about and decide if it’s worth it for you to explore.

Here’s some ideas to consider: Read More…

We’ve discussed many tips on using TFSAs to improve your cash flow and here are two more important tips to maximize your cash flow, courtesy of CanadianTaxMan, a tax specialist himself. Read More…

For Canadians lucky enough to have a pension plan where they work, they often wonder if it makes sense to also contribute to an RRSP.  The answer?  It depends. Read More…

Do you run your own unincorporated business?

If so, you may be a candidate for cash damming, a tax reduction technique that could potentially save you lots of money.  Read More…