Latest Updates Around The World
Image source: shutterstock.com January feels like a fresh start, and that’s exactly why it’s a dangerous month for “quick fixes” that quietly become permanent expenses. You sign up for something because there’s a discount, you upgrade because it feels productive, or you set a service to auto-pay because you don’t feel like it. Then spring […]
Dear Dave,I’ve been listening to your radio show and as a result I’ve decided that I’m tired of living paycheck to paycheck and being broke all the time. I know Baby Step 1 saves a beginner emergency find of $1,000. But do you recommend staying on top of past due bills before starting Baby Steps?Edward […]
There is no doubt that the vast majority of very wealthy individuals have inherited their money. Or perhaps were part of a fast-growing, high-tech start-up situation so unusual that it’s unlikely any of us will follow in their footsteps. However, there are some simple skills that each of us can develop that will take us […]
Here’s a question I’ve been asked before: “I know you’ve recommended that attending physicians should spend about 20% of their gross income on retirement. My husband and I have found this very difficult, both early on and now that we’re halfway through our careers. I’m a little embarrassed to say this, but I don’t see […]
Kelly Ho, a certified financial planner at DLD Financial Group, says you should start by identifying your fixed costs, such as rent, mortgage, utilities or car payments, and then figure out how much you make. “When I sometimes ask clients: ‘What is your income?’ Not everyone can give me a clear answer,” she says. From […]
Make finances easier with automation Automating your finances generally means setting up automatic payments for bills and recurring investment or savings deductions from your bank account. It may sound tedious to set up, but once most bill payments are automated, experts say it can bring structure to your finances and set your budget up for […]
This season, choose presence over gifts The desire to give gifts during the holidays runs deep for many. “The biggest factors driving this desire are our own thoughts and emotions,” says Michelle Johnston, a registered psychologist with Take Care Therapy Co. Family traditions and assumptions about how others will view us based on the gifts […]
For many newcomers to Canada, personal and financial goals can feel like they’re moving in opposite directions. You want to say yes to everything—travel, dinners out, live music, social events—but you’re also thinking about building an emergency fund, saving for retirement, and staying out of debt. Add to that the costs of getting established, a […]
An emotional, fear-based response, a financial scarcity mindset, often sends people down a rabbit hole of overthinking, leaving them with the belief that they will never have enough money to live comfortably and that they will always be stuck in some form of financial turmoil. This mentality can harm a person’s financial well-being and quality […]
What is the median income? your state, and how does it compare to the rest of the country? Flowing data interactive graph is a great visual representation of what the median income* is in each state. It goes one step further and examines how the median income changes depending on household size (1-5 people). *The […]
