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People often get good at lying to themselves when it comes to money – sometimes TOO good. This is especially true when people mentally fib to themselves about how much money they really have and what they really can afford to buy. With an ultra-tight economy affected a large number of families across the nation, it is important to find some honesty and truth when it comes to your money and financial situation.

When your monthly expenses are greater than your income, you must rein in your spending and stop using your credit cards. The same is true if you’re just barely getting by each month, if you’re paying only the minimum due on your credit cards, or if you have little or nothing in savings.

Times are desperate.

Okay, that’s great advice, but is it realistic? Negative thinking can creep up on any of us, making it seem impossible to move forward.

In 2009, Canadians will have access to the newest type of savings account, the Tax Free Savings Account, which will give investors an opportunity to capitalize on tax free investment benefits. This new account is not widely understood, however, Canadians are excited to learn how it can benefit their financial futures.