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B.C, Canada    |

June 20, 2018

   

     Now that you’ve calculated your 3-month number, it’s time to focus on what you can change. If your 3-month number was in the positive, you’re on the right track and that should be very exciting for you. For most of us who start the budgeting/financial independence journey, we’re getting our finances in order and bettering our lives. Below I mapped out my top 5 suggestions on how to cut down your monthly...

May 18, 2018

 

http://www.mymoneycoach.ca/budgeting/budgeting-calculators-tools/budgeting-spreadsheet

          Budgeting is one of the most important components when it comes to managing your own wealth. Eliminating debt and generating savings, all starts with creating a well balanced budget. But this is no easy task. Most people have no idea where to even begin. How much of your monthly income should you be allocating where. How can you se...

April 29, 2018

3-Month Number

          Your 3-month number is one of the first things you want to calculate after you have decided to take the managing of your finances more seriously. If the questions were ever asked how much money you make in one month, most people could give a fairly accurate number within a few dollars. On the other hand, when asked how much money you spend in one month, the majority of people are left thi...

April 17, 2018

https://www.investopedia.com/articles/pf/08/invest-reduce-debt.asp

          Sticking with the theme of paying off debt, here is a great short video discussing the question of whether to pay off your debt or to invest your money. It is a question I thought about long a hard. I eventually narrowed it down, and decided to eliminate any debt with an interest rate of 5% or higher. This pretty much included all my debt except my mor...

March 31, 2018

            “Statistics Canada reported Friday that the ratio of household credit-market debt to disposable income, the key measure of the debt load, rose to 165.4 per cent in the final quarter of the year, [2016]…..That means that at the end of the year, households held more than $1.65 in debt for every dollar of annual disposable income” (Parkinson, 2016).

THAT IS A LOT OF DEBT……In 1996 the...

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DIY  Wealth