The new year always feels like a fresh start – it’s the season to get in shape, eat healthier, and spend more quality time with loved ones. But don’t forget about your personal budget. The approach of the new year means it’s time to get your budget in order too, so that the next twelve months will be productive and stress free. Read on for some great tips on how to plan your personal budget for the new year. (more…)READ MORE ›
The Balanced Book
Whether you’re in denial or not, the new year is here! Make sure that you have a business plan in place for 2018. And that plan includes planning your business budget.
For some of us, budgeting is the most painful part of running a business. Why can’t we just do what we love? While you could dive into the new year without a plan, crafting a budget can help keep you on track with clear financial goals, an easy way to assess your performance and encourage a long-term mindset.
Sound worth it? Then your next question might be, how do I start?READ MORE ›
It’s fall and we all know what that means – the holiday season is around the corner. This can be the toughest time to budget, especially for those of us who were never very good at budgeting in the first place. You still have time to get ahead of the game and prevent losing control of your dollar bills before the Christmas chaos.
Here are 10 ways to make sense out of your cents:
As Christmas sneaks up on us, good intentions of saving money melt like snowflakes, and this “merry” time of year quickly escalates into a financial blow out. Then January rolls around and a nasty reality check arrives to hundreds of thousands of homes around the country in the form of a credit card bill.
In case you glossed over last week news, Canadians’ average consumer debt load is now up to $22,081 – that’s up 3.6% since last year! Eep! Canadians owe more than $1.7 trillion in total consumer debt – that’s not including mortgages. (If that doesn’t make you panic, read this post on why debt is a flaming emergency.)
Instead of starting off the New Year with a scary credit card statement, we want to share a secret that will save you money and make you feel happier this Christmas season: Mindfulness.READ MORE ›
Your empty wallet!
The cash people sink on Halloween is absurd. The National Retail Federation (NRF) estimates Americans will spend $8.4 billion on Halloween in 2016. Seriously.
According to Global News, Canadians spend $137 on average per person ($52 on a costume, $43 on decorations and $42 on candy). So if you’re a family of four, you’re looking at over $500. I don’t know about you, but I like my money to go a lot further than plastic spiders and sugar crashes.
Here are 5 smarter ways to spend $100.READ MORE ›
Christmas is just a few months away – is your wallet ready? If the holiday season is something you haven’t budgeted for in the past, get ahead of the game this year by starting early. (You’ll thank us come January, when there’s still money in your wallet!)READ MORE ›
It’s not too early to get tax ready for your accountant! We’re nearly three-quarters into 2016, and there’s lots you can do today to save you from the stress of tax time in January.
Net worth is any asset owned minus any debt owed. Everything you own falls under “assets” and everything you owe falls under “liabilities”. So if you added up the value of your assets (everything you own: home, cars, savings accounts, investments, etc.) and subtracted the value of all of your liabilities (debts such as: loans, mortgage, credit card balances etc.), you would have your total net worth. The calculation is simple:READ MORE ›
Money is a part of our everyday lives, yet there’s still a ton of stigma around it. Some think it’s rude or impolite to talk about finances. But with Canadian household debt hitting a record high of $1.92 billion last year… Perhaps not discussing finances has been partly responsible for getting us into this mess in the first place? (more…)READ MORE ›
It’s no wonder the majority of Canadians find it hard to save money. Just about everywhere we go, we’re encouraged to spend. Everything is designed for you to “BUY! BUY! BUY!” and those four magical letters S-A-L-E suck us into purchasing stuff we really don’t need. (more…)READ MORE ›