Money

Managing Excessive Debt: It All Begins With A Plan

Serious debt problems arise when the amount you owe is out of balance with your income and household expenses (such as mortgage payments and utilities). The primary aim of managing your debt is to restore the balance either by increasing your income – difficult to achieve in an economic downturn – or setting and following a plan of...

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Money Only Does 5 Things
Money Only Does 5 Things

What would you do if you won a million dollars? I’d buy a small house and then hop on the first flight to Australia to meet my nephew.  I’d travel, I’d give some away.  I would buy more books.  I would probably splurge on a really, really nice necklace. When we think about money we tend to dream or to worry.  Money seems like the root...

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Saving and Investing for Life
Saving and Investing for Life

Crippling student loan debt. Scary words, but a reality for many students. For some debt is unavoidable. But in many cases the amount of financial burden college and university graduates carry could be reduced with better financial planning. Recently a particularly egregious case was highlighted by the Wall Street Journal: When Michelle...

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Eating Down the Fridge
Eating Down the Fridge

Recently my husband and I had his sister and her husband over for supper. I explained rather sheepishly that my meal choices were made because I was trying to clean out the kitchen of random food items. I mean, it wasn’t all canned mushrooms and Jello, although I did make Jello Jigglers for the first time since I was 12, because who doesn’t have...

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Freddie Mac acting CFO found dead
Freddie Mac acting CFO found dead

Unfortunately, it doesn't sound like the economy is going to get better anytime soon. Today it was announced that the world economy is projected to contract by 1.3 per cent this year, which makes this the most severe recession since World War II. (Source: CBC) It was also revealed today that the Chief Financial Officer of Freddie Mac Corporation,...

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Lessons from an Economic Crisis
Lessons from an Economic Crisis

Financial situation got you down? Get a listening ear with a confidential email mentor Lately the economy is big news. As someone who discusses personal finance I'd have to say that the discussion is good. But, if you add up all the news reports (print, radio, television, internet) you wonder whether Jane and Joe Consumer are really learning anything....

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3 Minute Expert: Buying Gadgets
3 Minute Expert: Buying Gadgets

On the blog: Are high food prices a threat to our health? Are you on the lookout for the latest mp3 player or a new laptop? Want to save some money? Budget shopper Kim Chen shares some tips on how to save a few dollars when buying your next electronic gadget. [display_podcast] Being a well-informed shopper can help you save a lot of money....

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Spring Cleaning Can Earn You Cash
Spring Cleaning Can Earn You Cash

This year, turn your spring cleaning into a mission to find sources of cash, since almost all of us are looking to raise some money in the recession. The newspaper and Internet are tried-and-true spots for selling furniture and finding a market for, say, your old camping equipment, musical instruments or kitchen appliances. Local shops also...

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