As women, we often know that more is required of us. But now a new survey reveals we should also be saving a bigger chunk of our paycheck in our retirement fund. It means that gender neutral financial advice is not working. The research conducted by a U.S. based company called TIAA, a leading retirement services provider, says women should be putting almost double of what men do to build the same nest egg.
The tax system in Canada is complicated. Even for the most mathematically-minded adult, it can be confusing to figure out how it all works. As bewildering as it may be for you, you can only imagine how it must seem to a child. But the reality is understanding taxes is a key part of financial literacy and by teaching your kids the basics of what taxes are, you’ll start to build in them a solid base for lifelong financial literacy. Whether its income tax, sales tax or property tax, it’s important to teach young Canadians how it all comes together.
The third Monday of January is often considered to be the most depressing day of the year. In fact people feel so down that the day is referred to as “Blue Monday.” A lot of it has to do with the excitement of the holiday season being over and everyone getting back to the grind. Also shorter days means less daylight, and less vitamin D can affect people’s mood. But it also has a lot to do with our financial situation.
It just happened again. A parent lied to their child in front of me and then looked my way with pierced eyes to back up their story. No way lady! I’m raising my kids on the truth.
This time it was the doctor’s office and the story was about a troll who eats the gold coins at the parking gate. It was all a way to convince her child not to ask for the token or “gold coin” that the doctor’s office graciously provides so patients can park for free.
Families have started receiving the new Canada Child Benefit. The Federal government claims this new revamped benefit will mean more money for 90% of families. They are comparing it to the old benefits families were receiving under the former government’s plan. If you’re confused as to how it works here’s what you need to know.
As a mom of two, I know it’s expensive raising kids. From essentials like clothing and school supplies, to fun stuff like toys and crafts, there’s always something to spend money on. According to MoneySense Magazine, the cost to raise a child from cradle to 18 years of age is now more than $250,000. That’s a cool quarter of a million to bring up junior. This number can be pretty unsettling, especially for parents who are facing an insecure financial future.
Ladies, we can make more money and save more for our future. Being a mom often leads to women putting savings off, or worse — letting their spouse deal with it. The reality is, nobody cares more about your financial future then you, and it's time to take control. Here’s what every women needs to know about their money:
You know that saying, "one man's junk is another man's treasure"? Well, I'm living that, right now.
I just got off the phone with a lady that wants to come buy a pair of crutches I advertised. They have been sitting in my basement for 7 years (and another 10 in my husband’s apartment). I posted them on Kijjiji, and voila! someone can use them and pay me money for it.
March Break is just about here and many of us are looking for things to do with our kiddos. Money is tight for many families and finding cost effective activities can be a challenge. Weekly camps can cost hundreds of dollars and free options like spending all day at the park are not always possible in the winter weather. Here are some cool ideas to keep your kids entertained this March Break that will save you money and not suck.
February is a month when many of us move our attention to love and celebrating our relationships. But in the interest of a reality check, it’s important to note 40 percent of marriages in Canada end in divorce and many of those breaks ups increase day-to-day costs greatly. Neil Sedaka sang it right, Breaking up is hard to do and as it turns out, it can also be very expensive.
If you’ve had enough of your love, and are thinking of calling it quits, here’s how your personal finance situation will be affected.
The third Monday of January is officially the most depressing day of the year. In fact it's often referred to as "Blue Monday." For good reason, too. The excitement of the holidays is long gone, the next statutory day off work is more than a month away, and the dreaded holiday credit card bills have started arriving. Debt can be one of the major reasons you feel so blue.
Teaching kids about money - it’s certainly not a new topic. Right now is the perfect time to start since November is Financial Literacy month. For several years, school board and government bodies have been trying to find ways to help Canadians, including young people, to become more financial literate. The problem is, many parents are struggling with financial literacy themselves. So sitting down and teaching kids about money may seem like a tough task - how can you teach something you know little about?
Waiting for the arrival of a newborn can be fun, but it can also be an expensive time. When I was pregnant with my first daughter, I wanted to make sure everything was in place and ready to go before she was born. With that thinking came forking out a lot of cash on items I had no idea about.
Canadian residents with children 17 years-old and younger are getting a big boost to their bank accounts this week. As promised, The Government of Canada has started paying out the increased Universal Child Care Benefit, or UCCB.
The payments have been in effect since January 1st, 2015, but families are only now starting to receive the money. For families of kids 0 to 5 years-old, the amount has increased from $100 to $160 a month. For families of kids 6 to 17 years-old, there’s a new benefit of $60 per child a month.
The lazy, hazy afternoons you've spent all year waiting for.
But there’s a downside. Are your summer daydreams being interrupted with cries of “I’m bored,” or worse, the “Can I have it?” Keeping your kids busy without blowing your budget can be a gargantuan task in the summer.
How many weddings have you attended where you left thinking, "Why was I here and how much did that cost me? " I hate to admit it, but looking back there are wedding invites I should have said no to, because at the time I couldn’t afford to attend.