It takes a lot of effort to sit down and calculate your expenses and come up with a debt recovery plan. It can be very time consuming to log your expenses for several months and come up with a good estimate of your monthly expenses and then compare these to your income to see where adjustments can be made.
Children develop the customs and habits that they will have for a lifetime very early on. If you want to steer them in a certain direction it is best to start as early as possible. Therefore, if you want your children to be smart when handling money you need to teach them very young how important this is
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.
Have you or someone you know been laid-off? Can’t pay your mortgage, credit cards, and other bills?
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.
