Have you ever opened your credit card statement and felt like you really messed up again? My hand’s raised ;). Those feelings of regret can become overwhelming. Even paralyzing. I know about regrets first hand. Take my Pink Floyd box set I got when I was 16. Bought it, loved it, couldn’t afford it — and regretted it. You can...
If I gave you $500 a month to put towards your debt, what’s the best way to use it? Should you chisel away at the debts with highest interest rate? Or knock off the smaller ones first? I’m going to take you through two strategies to tackle your debt – Debt Avalanche vs Debt Snowball — and I’ll show you...
Becomin’ Hip in Brooklyn Eight years ago I ended up in a wheelchair for 6 weeks. Here’s what happened… One day out of the blue my hip started killing me. I was walking like a penguin. I’m usually good at “pushin’ through the pain” but it was so bad we cancelled our weekend getaway to the in-laws. BTW, this wasn’t...
Dear me, many years ago, Well, it finally happened; I got old. I hit the big 7-0 last week, and it has me thinking about times gone by, about mistakes I’ve made and regrets I hold. Looking back on my life – on our life – I wonder what I could have done differently to protect myself from the financial...
When it comes to finances, it’s easy to feel lost. We all know we need some kind of budget, but we aren’t always sure where to begin. Many people start by categorizing their expenses in a spreadsheet or computer program (like Mint.com or Quicken), hoping to figure out where they’re going wrong. The problem is, simply organizing/plugging in numbers won’t...
Chosen best of the web by Globe and Mail personal finance columnist Rob Carrick One word sums it up: Disconnected. That’s how most couples are with each other when it comes to their finances. I’m not talking about having separate bank accounts – that’s just a banking preference. What I am addressing is something much more profound: our...
Avraham Byers – Special to Financial Post It was spectacular. The crowd went wild when they saw Robin Van Persie leap into the air for his gravity-defying header against Spain – a play he calls “the best goal of my career.” And rightfully so; it was truly remarkable. Scoring that goal has solidified Hollands’ Van Persie’s reputation as one of...
We’re into a fresh new year which, of course, means a lot of people have started dieting this week. The health benefits of shedding some extra pounds are obvious. What’s hidden, however, are the financial costs of a healthy diet. I know it from personal experience. Three years ago I joined a weight loss program, and lost 40 pounds. The...
Fixed expenses directly impact our discretionary spending ability, and our ability to save. Some fixed costs are inevitable: We need to pay down our mortgage, pay our utilities, and make good with the phone company every month. These so-called “fixed” expenses, though, have a way of creeping higher across the board, under the radar, without us acknowledging their impact on...
Starting a business might be scary, but for those already invested in a venture that’s underperforming, knowing when to pull the plug is by far the more terrifying prospect. To be an entrepreneur, you require a certain amount of blind faith, drive and ambition. At some point in your business venture, and long before you have too much invested though,...
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