What Do You Want to Do With Your Money?

Happy New Year everyone! I hope everybody had a fabulous holiday and that your credit card bills are not the least bit scary this month.

Before I get into today’s post, let’s have a bit of a fireside chat, because it’s been a while and I’ve missed the blog community!

I’ve been on a bit of an unplanned hiatus because I caught the flu then bronchitis and I’ve basically looked and felt like this for the last month:

Since this is a personal finance blog, and not WebMD, I’m mentioning this because being under the weather for such a big chunk of time (relative to my usual 2 days of a cold per year) changed the way my finances looked for the month of December and made me so grateful for my “things I didn’t budget for” line. Continue reading “What Do You Want to Do With Your Money?”

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”

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””

Sh*t Happens

Guys, I’m in an interesting mood today. I’m in a financial funk. Does that ever happen to you? It’s a beautiful day outside, the sun is shining, I’m fresh off a great long weekend, and yet, I’m feeling kind of down.

The first reason is that I’m looking back at the month of July, which was a month of setbacks for me. I started the month off with a mechanic’s bill that was almost $600 more than I expected. I had to replace a headlight and a taillight in the same week. My trusty flat iron died. (You may be thinking this is not a big deal and I could just wait to buy a new one in a couple of months, but guys – I use this thing every day to avoid looking like a yield sign. I grieved.)

Continue reading “Sh*t Happens”

Debt Doesn’t Have to be Your Normal

We’ve all seen the Lion King, right? You know that scene where the baboon hits Simba with a stick and tells him to face his past, and then Simba’s just like “whoa” and runs away to achieve his cartoon-liony-destiny?

Rafiki

I had my own Rafiki moment when I realized that I didn’t have to have debt. It sounds strange, right? It should be obvious, no one has to have debt. But if that’s the case, why do we have stats like these?

  • 73% of Canadians are currently in debt
  • 16% of Canadians 35 or younger have “a good deal or a lot of debt”
  • On average, most people with debt believe it will take them at least 8 years be debt-free
  • 23% of Canadians with debt believe they will never be debt free
  • 36% of Canadians believe that “debt is inevitable”

(Source) Continue reading “Debt Doesn’t Have to be Your Normal”

Are You Middle Class?

It seems that people are always talking about the middle class. Politicians target them for votes. Advertisers target them to buy products. We grew up watching them on TV (I’m looking at you, Tanners). And it might make sense, because when you hear people describe their economic situation, most people do tend to say that they are “middle class”. The thing is, in reality, they’re probably wrong.

saywhat

But then… what are they? Are they richer or poorer? Who is the mysterious middle class? Turns out, most of us are basically living one big financial identity crisis.

Complicating things is the fact that we don’t always agree on what “middle class” actually means. This is because there are actually a lot of different ways to measure what the middle class looks like. Our helpful friends at MoneySense pulled the stats, so that you can see some different ways to slice the data to find out where you sit in relation to your fellow Canadians, and whether or not you truly are the middle class Canuck you say you are. Continue reading “Are You Middle Class?”

5 Ways to Stay Motivated to Meet Your Savings Goals

There are a lot of personal finance resources out there that take the approach of trying to scare you into saving by telling you how bad things will be otherwise. Those resources aren’t wrong; having a good financial strategy is crucial, and if you don’t properly prepare yourself financially, you won’t be able to achieve your big savings goals in the future.

I have a few “hard truth” blog posts bookmarked and I go back to them when I need that kick to get myself back into gear. Sometimes though, you need a push from the other direction – one that makes you picture yourself in the car of your dreams (that you paid for in cash) or on your baller vacation (that you paid for with your investment account dedicated to travel). I love those posts that make you go, f*@% yeah, I’ma save some money today.

chaching

So, on this #MotivationMonday, here are 5 ways to keep yourself motivated and keep yourself happy while you work to meet that savings goal: Continue reading “5 Ways to Stay Motivated to Meet Your Savings Goals”

What’s Your Everyday Rich?

Have you seen those LottoMax commercials with the guy who buys a lottery ticket, and then imagines what he would do if he won?

 

I’ve never actually bought a lottery ticket in my life, so I’ve never had the anticipation of thinking I could win. But I regularly play that game in my head of, “if I had unlimited money, what would I do?” Continue reading “What’s Your Everyday Rich?”