Financial Review – May 2015

We spent around $10,300 in the month of May. It was slightly higher because we had to put a deposit down for the kids’ school in the fall. Yep, we...

2015 Financial Goals and Outlook

Goals Reduce eating out to $3000 year Last year we reduced this to $3800 – and this year I am hoping to trim it further to $3000 year. It may...

How I spent $152,000 this year

2014 was certainly an interesting financial year for us. I had a major car accident in February which costed us about some $4000 overall after our deductible and the cost...

2015 – Net worth update

Despite many unexpected expenses over the year, we saw a 20% increase in our net worth (not taking into account appreciation of the house). We contributed massively to our mortgage (while...

Financial Goals for 2014

Reduce money spent eating out This one is a really easy one. My husband and I are spending between $400-$600/month eating out – $4800-$7200. That’s more than charity! I’d love...

Why can’t people understand RESPs?

For some reason, parents around Canada are mystified when it comes to opening and managing a RESP account for their children. Before they even have a baby they start getting...

My $60 Tax Refund

It was April 30, 2004. I had turned 18 just a few weeks ago. I had been in Canada for a whooping 8 months on a Student Visa. Exams were...

ING vs TD, TD vs Questrade

Interest rates at conventional banks (TD Canada Trust, BMO, etc.) suck. There is little reason to place your savings there. I’ve followed the model of TD Canada Trust for my...