Make Money, Save Money, Manage Money
Check out the blog posts here to learn the best tips and tricks to manage your money. Topics include budgeting, money management resources, ways to maintaining a healthy balance between your wants and your money goals, and more!
Here is a post on the taxation rules for various common savings vehicles. Before we delve deep into taxation rules for earnings from savings, let’s start with some basic understanding of taxation on ordinary income. As I mentioned in TFSA 101, all sources of income above the basic personal amount is taxable. The most common … Read more
If you are interested in learning about the pros and cons of using a credit card, you have come to the right place. Knowing how to use a credit card is an important step towards financial literacy. What are credit cards? Credit cards are ubiquitous nowadays. What are credit cards? Simply put, credit cards are … Read more
Here is a simple yet effective spreadsheet for personal finance. It will help you assess whether you should pay the annual fee on a credit card or not. For starters – free is the way to go There are a myriad of credit card options available for us out there. How do we find out … Read more
Here are my thoughts on consumption and savings and how to balance between the two. My initial understanding of consumerism When I was in Grade 12, my Economics teacher told us that one of our life-time goals as human beings was to become consumers. I don’t remember exactly what the context was. It might have … Read more
Would you like to know what it takes to be a millionaire? You can now use my simple spreadsheet to find out! This spreadsheet contains two calculators: one will show you at what age you will become a millionaire, and the other will show you the annual savings needed if you have a target millionaire … Read more
