How To Create A More Effective Debt Pay-Down Plan

With the new year well under way, and with many still reeling from Christmas debt, it’s no surprise that many resolutions revolve around paying off debt. If you are among those who want to pay down debt in 2014, you should make a plan. A good plan can help you pay off debt faster and save you money overall — especially in interest.

How To Better Manage Your Freelance Income

Freelancing is rewarding, but it is not for the faint of heart. Yes, you get to do work you love and you get to do it on (mostly) your own terms. You also have play roles you may not enjoy so much, like marketer, sales person and bookkeeper, some of which we’ve talked about before. And one of the biggest challenges in freelancing is managing an irregular income.

How To Teach Young Kids Budgeting Habits Early On

Teaching your kids to work within a budget early on in their lives pays off for them down the road. Even when very young, kids are ready for the basic idea, and including them in your own budget planning as they get older helps them develop good habits from the start.

The Biggest Money Mistakes We Make, According To Warren Buffet

Warren Buffet, one of the world’s most successful investors, has offered us plenty of sage advice in the past. Today’s lesson on money mistakes is as simple as it gets but bears repeating.

How Much Money Should Be In Your Emergency Fund?

We’ve talked about the virtues of having an emergency fund. However, as finance blog The Simple Dollar highlights, money in an emergency fund is money that’s not in your investment portfolio. So how much should you keep in it?

Calculate Your Net Worth While Budgeting To Maintain Perspective

Keeping track of your budget and getting out of debt can feel overwhelming. There’s one number that can help put things in perspective, and that’s our personal net worth.

Don't Let Financial Comfort Become Complacency

Things are going well. You’ve been working at your job for a while, and you’ve got things down. Your finances are are in order too. In fact, things are mostly set to automatic, and you’re enjoying the ride. Welcome to the comfort zone. You may be in trouble.

How I Kept Saving Money Even During A Job Loss

A few months ago, I lost a job. It was a first for me. To recap, a high-paying client let go of the majority of their freelancers, which included me. I felt rejected, but I quickly came to terms with it. It’s business. However, since I’d been focusing 90 per cent of my work life on this client for the past couple of years, I consequently lost 90 per cent of my income when I lost the job.

Map Out Financial Security With The Financial Planning Pyramid

When you’re trying to plan for your financial future, you’re going to get a lot of advice from people who may not be in the same place as you. Figure out which stage of planning you need to focus on with the above Maslow-like pyramid.

Tell Us Your Favourite Money-Saving Tip?

We all like to save money, especially when we find a clever new way of doing it. We’ve shared all kinds of ways to save money, but now we’re curious to hear from you.