Credit Canada

As we now find ourselves in a recession it’s time to think of the word ‘frugality’. This word came to me loud and clear in a television interview at Rogers Cable with Dale Goldhawk.  Jonathan Chevreau, writer with the Financial Post, just came out with a new book called Findependence Day.   This book is all about being frugal, watching where your money goes, figuring out the cost of pilfering hard earned money on coffee, lunch, snacks, lottery tickets, etc.  You know what I am talking about. You put $20 in your pocket one day and then it is gone; now try and retrace your steps. I bet you can’t. That’s the problem!  It’s hard to know where your money goes.  (more…)

Most people think that making adjustments to their spending plan will make their everyday life miserable. Guess what, money management NEVER makes you miserable. Unconscious spending makes you miserable, wasting your money on unnecessary items makes you miserable, avoiding and ignoring your financial reality makes you miserable, but money management does not make you miserable.  People have this misconstrued idea that managing their money means living on Mr. Noodle and never buying a new pair of shoes again. This is because most of us forget the ‘managing’ aspect of money management, which essentially means that you are satisfying all of your current needs (including your need for a little fun every once in a while) while taking into account your bigger goals. (more…)