Category: Saving Tips

Image Source: 123rf.com Growing up, we had a few of our cars get repossessed. It was hard as a kid to figure out why my parents would just let someone come and take our car. However, car payments became unmanageable for them at times and a voluntary repossession was the only option. It’s not an…

How Can You Counteract the Impact of Inflation? “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” Ronald Reagan From 2008 through 2020 inflation bounced around between -0.4% in 2009 to a high of 3.8% in 2008, during the mortgage meltdown crisis. After the…

Written by Barbara Huson I spent most of my adult life desperately trying to figure out money. I had to. My husband was gambling it away at a rapid pace. So I dutifully went to classes, read books, talked to advisors. Nothing helped. Then, something miraculous happened. When I began journaling about my frustration, I began to breakthrough my blocks. As I’d write, I’d hear a familiar voice in…

There are definitely options available to you, and I will outline some of the considerations. Power of attorney for property When you prepare a power of attorney for property (called a mandate in Quebec), you appoint someone to make financial decisions on your behalf. These documents are generally prepared so that if you become incapacitated,…

Dear Dave, I’ve been listening to your show, and following the Baby Steps, for about a year. But I received some news from a family member recently, and I’m not sure what to tell them. One of my cousins just discovered she has cancer. She’s a single mom with two young kids, and it doesn’t…

If you care more about democracy than money, by all means skip ahead. Either way, don’t miss Claire’s investment update at the end. STOCKS CMRX, first suggested here in 2022 at $1.74, is being acquired at $8.55.  As posted recently, I sold half at $4.83.  Yesterday, at $8.40, I sold the rest.  (Whoever bought it is welcome…

Image Source: Pexels Are you approaching retirement and wondering how to make the most of this next chapter? While stepping away from a long career can feel like a major transition, retirement can also be one of the most fulfilling and enjoyable phases of life. The key is to approach it with intention and focus…

Image Source: 123rf.com Unfortunately, in today’s world, there are a ton of scammers out there trying to get something for nothing. Technology has made it easier to pull the wool over people’s eyes, so to speak. However, “quackery” is something that has existed for centuries. In the modern era, scammers are still using this technique…

Prenuptial agreements often have a negative connotation associated with them. Some people believe that getting one shows a lack of trust in their partner while some people believe that it’s a sign that divorce is inevitable even before the marriage begins. However, signing a prenuptial agreement doesn’t automatically mean divorce is in your future or…