budgeting

Why You Shouldn't Buy Everything At Once When You Redecorate

When you’re redecorating, avoid the common mistake of buying all of your furniture and accessories at once. Instead, spread your purchases out over the following weeks or months. It’s easier on your cashflow, and it gives you more time refine your vision for your home.


Budget For Repairs When Saving Up For A Used Car

The only thing harder than saving up for a car is when your new vehicle needs repairs three months later. To stay prepared, aim to stay under budget, then save the excess for repairs.


Save An Extra $7976 For Your Child With The $1 A Week Savings Plan

Socking away money for your kids can be hard when you’re on a tight budget. This plan turns small weekly savings into $7976 by the time your kids turn 18.


Pay Bills With A Credit Card To Reduce Spending And Set A Single Due Date

Credit cards get a bad rap because they’re too often used to delay payment on something. However, there’s one way to use them responsibly that can be immeasurably helpful: consolidating monthly bill payments into one date.


Use A 'One Month Ahead' Budget To Adjust For Irregular Income

Setting up a budget is easy when you’re making the same amount of money every month and your expenses are fairly regular. It’s trickier when your income fluctuates. Get one month ahead on your bills and you’ll have more control.


Remember 'Money Is Permanent' To Curb Spending Habits

Splurging on meaningless things is too easy to do. Determine which transactions are really important by remembering you have a finite number of dollars to spend in your lifetime.


Pennies Is A Colourful, Gesture-Based Way To Track Finances

iPhone: Tracking budgets and finances isn’t really supposed to be fun, but Pennies is an app that makes the process a little more bearable by using intuitive gestures and a bright colour scheme.


Avoid The Phrase 'I Can't Afford' To Maintain Control Of Your Finances

Managing your money has a lot to do with control. It helps to feel in-charge of your financial plan, even if that plan includes paying off debt. Stephanie of Six Figures Under says she avoids the phrase “I can’t afford” for precisely this reason.


Apply All Your Bonuses To Principal When You Have High-Interest Debt

Tough talk time: Bonuses feel really great when your job doles them out. They may even be a nice reprieve from otherwise stressful budget constraints. But if you’re in debt and you spend a bonus on something else, you’re usually hurting yourself.


Keep Track Of Your Hourly Wage, Even If You're Salaried

If you’re lucky enough to have a salaried job, you probably don’t think about how much you make per hour. But film producer Christopher Pollock says your hourly wage is more important than your annual earnings, no matter what.