My Number One Money-Saving Tip

Today I’m sharing the number 1, single biggest thing I did to improve my money-management and build my savings. Seriously. This isn’t click-bait either – this is legit the one thing that keeps me on track and that I regularly kick myself for not doing sooner.

What is this miracle trick?

Automating my savings.

That’s it.

I call it a trick because it literally does feel like I’m tricking myself into saving.

It’s an awesome feeling to get to the end of the month and be like, “I saved that much? And I still have that much left over?” Continue reading “My Number One Money-Saving Tip”

That Time I Got Interviewed on Family Money Plan

I am legit freaking out right now because Andrew over at the awesome blog, Family Money Plan, recently interviewed me for his killer interview series, “Behind the Screen” and IT WENT LIVE. I have been a big fan of this series (and Andrew’s blog in general) since the beginning, so it is crazy to me that he let me be a part of it. Thanks, Andrew!!

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Check out this insane line of up of incredible bloggers that Andrew has interviewed:

I apologize now for totally derailing your day because I know you’ll be spending it bingeing through these interviews and Andrew’s always-fantastic blog posts, but you will not be disappointed. Whatever else you had to do today can wait, I promise.

And while you’re there, be sure to check out the interview Andrew did with me!

(All photos and graphics courtesy of Andrew)

My Top 15 Frugal Wins

You’ve heard of the Latte Factor, right? (If you haven’t, go read Desirae’s post from last week, it’s awesome).

Basically, the Latte Factor is the concept that spending money every day on small things (like lattes) adds up to big amounts of money spent over time. It’s controversial though, because people have different ideas about whether spending those small amounts every day is bad money management or worthwhile spending.

Reading about the latte factor got me thinking though… not about the small amounts of money I spend in a day, but about all the small amounts of money I save. Continue reading “My Top 15 Frugal Wins”

10 Tips for Selling Online

So I watch a lot of crime shows, and because of that, I’m convinced that stranger danger is real. And because of that, selling things online was a terrifying concept to me. I mean, you don’t know these people. Remember the Craigslist killer?

BUT THEN.

Then I had an old chest freezer from my student days that I wanted to get rid of. It still worked, but it was taking up valuable space and it would have cost me money to trash it, so my love of money overcame my love of caution and I put it up online.

It was such. a. rush. Continue reading “10 Tips for Selling Online”

The Mentality of “You Got This”

I have this mantra, whenever things go wrong in my life.

It’s nothing fancy – I just say to myself over and over, “you got this”.

(In my head, just btw. My coworkers don’t need to hear that every time my computer shuts down or every time a client freaks out).

It always seems to work for me, whether it’s just the kind of meditative process of thinking one thing over and over, or if there really is some kind of magical property to that phrase that makes things turn out for the best.

You might have your own phrase or your own strategy to deal with things when they get crappy, but no matter what you’re dealing with and how you’re dealing with it, you are going to be okay.

It’s so easy to panic and get stressed out about money. Seriously. People don’t talk about it, but everybody has money worries. They’re not always the same worries, of course, but everyone you meet has some kind of money anxiety at some point.

Mine is rooted in the scarcity mentality. I fight this daily.

Continue reading “The Mentality of “You Got This””

Money Lessons for a Younger Me

My office window overlooks one edge of the university campus in my city, which means that in the month of September, I have a front row seat to all of the students returning to campus and new students arriving.

(It also means it takes me 45 minutes to get out of my building because OMG all these students have cars for some reason and seem to enjoy sitting in traffic outside my office when they should be getting off my lawn).

Every year, when I see the students come back, I think of my own university experience and the things I know now that would have helped me then. Continue reading “Money Lessons for a Younger Me”

How to Avoid the Christmas Spending Binge

It’s Labour Day! But can we talk about Christmas for a minute?

So, hi. I am that person that starts counting down to Christmas by like… July. I know, I know, SO ANNOYING, right? But it’s cool, guys. The Christmas spirit sustains me through your side-eye.

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I start decorating November 1st every year.

My (two) tree(s) is up for at least a month.

Bronner’s (the world’s largest Christmas store) is legit one of my favourite places on earth.

My satellite radio is tuned to the “all Christmas all the time” channels from the day they go on air to the day they go off. That’s like 2 straight months of carols.

I’m that person. Continue reading “How to Avoid the Christmas Spending Binge”

The 2016 Home Buyers’ Plan

You’ve heard of the Home Buyers’ Plan, right? That thing that helps you buy a home by letting you use your RRSP as part of your down payment? Sure you have. But do you actually know how to use it? And if you did, did you know the plan changed when the Liberal government took over last year?

Let’s say you’ve looked at whether renting or owning is best for you, you’ve calculated the up front costs, you’ve figured out the continuing costs as part of an ongoing budget, and you’ve decided you want to join the world of home ownership. Yay you!

That’s a huge decision and you probably put a lot of thought into it. So now that you’ve decided to become a home owner, how do you actually get there?

One of the ways is by taking advantage of the Home Buyers’ Plan, which is available to first time home buyers in Canada. Continue reading “The 2016 Home Buyers’ Plan”

The Emergency Fund

Hello long-lost friends! I am back after a couple of weeks of studying, exams, and wedding travel. And since my last two weeks have been somewhat chaotic, it seems like a good time to talk about how to keep your financial sanity during times of surprise expenses.

The issue of emergency funds among personal finance bloggers tends to be a bit divided – with some of the opinion that emergency funds are crucial and others writing that they are not necessary at all. While there are compelling arguments for both sides, I must admit that I am in the first camp – for me, an emergency fund is a must-have.

The good news about emergency funds in Canada is that Canadians have an average of $41,694 in emergency savings. That’s awesome.

The not-so-good news is that a quarter of Canadians don’t have anything set aside for emergencies at all. And of those who do, almost half have less than $5000 saved. Not awesome. (source)

Continue reading “The Emergency Fund”