Archive for July 2012
Understanding No Medical Exam Insurance
You see it on TV. No medical exam insurance. No agent will call. Less than a cup of coffee a day. No burdensome medical exam. Happy, well insured people! Surely it can’t be that easy though, is it? If you can get life insurance with no medical exam, why would anyone bother? Why would a…
Read MoreWhy Your Financial Plan Sucks
Everybody should have a financial plan. Very few people do. A scientific poll of me, my girlfriend, and our infant daughter reveals that only 33% of Canadians have a financial plan (margin of error of +/- 2.2%, 19 times out of 20). A financial plan is a broad sketch of how you’ll use money to…
Read MoreWhat I Learned From Working Retail
The retail industry faces monumental challenges when it comes to getting customers to shop and purchase. With so much competition for your dollar, retailers use means to manipulate the consumer into further purchases with products, pricing and placement. Pricing Sale items: We all love a sale, but it’s been documented that customers will purchase items…
Read MoreWhy I Bought Out My Car Lease
I made the final lease payment on my 2007 Hyundai Tucson a few weeks ago. Next week I’m going to the dealership with a cheque for $10,000 to buy out the car lease. The vehicle is still in great shape, and with only 74,000 kilometres on it, I plan on driving it for at least…
Read MoreTravel Medical Insurance: Don’t Leave Home Without It
While we pay higher taxes than the residents of many other countries, Canadians enjoy a world class public health care system. This system provides for many of our health related needs except when we are traveling outside of the country. A recent study conducted by Bank Of Montreal revealed that 60% of Canadians do not regularly purchase…
Read More35 Ways To Save Money
We all know there are plenty of ways to save money, but some things are so obvious you can classify them as common sense rather than smart spending. Drinking tap water and avoiding fast food certainly fall into that category. Other ways to save money just don’t seem worthwhile. Making your own deodorant or toothpaste…
Read MoreHow To Prepare Yourself Financially Before You Start A Business
While cutting back on expenses and saving more of your paycheck may gradually increase your pool of wealth over time, the best way to significantly improve your financial situation is by starting a business. Now having a steady job is all fine and good, but one of the biggest problems with having a job and…
Read MoreIs A Prenup Really Necessary?
Russell Brand stands to make an estimated $20 million from Katy Perry’s fortune because under California law, the community property clause splits money and property acquired during the union 50/50 when there isn’t a prenup. While most of us can only hope to be in that kind of financial situation, a recent survey says that…
Read MoreIs Today’s Divorce Rate Caused By More Women In The Workplace?
I had an argument with a female friend the other day and she has a theory that the divorce rate is so high these days because there are more women in the workplace now than in the last few decades. Before I go any further with this article I want to say that I have…
Read MoreCouples Money: Savers Vs. Spenders
The conventional wisdom in relationships is that opposites attract. It seems very common for a compulsive spender to hook up with a compulsive saver. Research shows that men are nearly three times more likely to be tightwads than spendthrifts. In my family it’s just the opposite. I’m the saver and my husband is the spender. …
Read More