Expenses Archive

  • Budget-Pie-Expenses-Percentages-Spending-Money-Cash-Chart-Pie

    New Budgeting Method: Minimum expenses for a comfortable lifestyle

    Tweet Most people start budgeting by looking at how much they earn, and then allocating that money into categories. They take their net paycheque and decide: Hey, let’s … spend $100 on miscellaneous. Why not do it the other way around? Find a comfortable minimum […]

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  • stock-car-red-automobile-driving

    Got a brand new shiny job? Watch out for these pitfalls.

    Tweet Congratulations! You have a shiny new job and you’re going from making $10/hour (minimum wage in Ontario) to $40,000 a year! WOW! $40,000!!!!!! That is DOUBLE what you were making before. ($10/hour x 2000 hours a year = $20,000) But wait. Does this mean […]

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  • stock-wine

    Buying more for cheaper isn’t always better

    Tweet We bought some porto the other day to cook with, and we picked up the small bottle for $13, but we lingered over the 50% larger bottle for $2 more. I mean, 50% more porto for $2 more!? How could you say no? In […]

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  • stock-roman-coin

    What are considered one-off expenses?

    Tweet I have a horrible habit of doing this. “Oh that’s a one-off.” “So is this expense.” “And this one too.” But quite frankly, if it isn’t a daily occurrence, I consider it a one off expense. Even if it’s a YEARLY occurrence like renewing […]

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  • thinking-about-birds-freedom-travel-world

    Make choices about your lifestyle

    Tweet The difference between having the money to travel or not, could very well be the cost of what you consider basics, but others consider to be luxuries. Someone who may not seem to make a lot of money but travels a lot may not […]

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  • Hong-Kong-Cash-Money-Bills-Asia-2011-Trip

    If the lesson was expensive, don’t pay for it again

    Tweet Ever hear the one about that couple who got into consumer debt, consolidated it onto their mortgage, and then racked up their credit cards again? Me too. Here’s what I say: If the lesson was expensive, don’t pay for it again.

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  • Vanessa-Jackman-Allis-Street-Style

    Spend your money where you spend most of your time

    Tweet When should you splurge and when should you save? For me, it’s always where I spend most of my time. In sales? On the road a lot? Buy a nice, comfortable car. Splurge, so that you’re COMFORTABLE in the car when you are driving […]

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  • stock-exchange-spa-feet-soak

    What kind of frugal personality are you?

    Tweet Frugalette of Super Frugalette listed out 4 types of frugal folks: Non-Frugal Selectively Frugal Categorically Frugal Exclusively Frugal Non-Frugal = No budget but they instinctively don’t overspend, but they don’t try to be frugal. Example: They need something and will buy something mid-priced and […]

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  • man-suit-money-bill-cash-wall-street-smile

    Saving a lot of money is not necessarily the best thing

    Tweet Controversial title, right? What I mean by that, is many people (myself included) are under a general belief that saving as much as you can in every area, is the best PF thing you can possibly do. What we fail to mention is that […]

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  • Budget-Pie-Expenses-Percentages-Spending-Money-Cash-Chart-Pie

    Starting out: Where should you cut back first?

    Tweet For a first time budgeter, cutting back on expenses can be daunting: where do you cut? why? how? and what is the best way to use that money? I am here to suggest that you start with the hardest categories first, so that you […]

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