Pretty bad month compared to this time last year. My income for the month was pretty good but the TSX dropped 2.6% so my portfolio didn’t fair too well. Also had my car maintained and washed, which is part of my discretionary spending. My swing trade on volatility is also under water right now, which drags my net… Read More »
There are lots of great suggestions out there for saving money. One I’ve found particularly useful is making a budget. This post is to help personal finance beginners to think about money, and take control of their own financial situations. A budget is a detailed plan for the formula below. Income – Spending = Savings For more savings we… Read More »
The provincial government is giving us the opportunity to balance its budget. This is normally the responsibility of the finance minister but now we can voice our opinions as well. What a great idea. Unfortunately what I really want to see are the live results of everyone’s inputs because it’s not like they don’t have that data already. Maybe they’ll… Read More »
BMO expects average Canadians to spend $582 on gifts this year. ARG expects Americans to spend $646. I don’t normally see my relatives during Christmas, and I don’t have many close friends, so I’ll be spending lots of time with my parents this holiday. image from 9gag.com They are not materialistic people so for most years we don’t… Read More »
I’ve decided to participate in 20’s Finances’ The Dollar Challenge, which is an interesting study that asks what do people spend their money on as a percentage of their income. In other words, for every 1 dollar earned, how is it spent? So here we go. On an average month, my take home pay is used up in the… Read More »