Make a List and Check it Twice – Spending Tips for the Holidays

Black Friday and Cyber Monday are past and the holiday sales abound. It is that time of the year that can turn our great money plans upside down. Want to head into 2017 feeling good about your money? As you shop for your holiday gift, decorations and hosting, make sure you have a game plan. Follow these Four Holiday Spending Tips. Make A List If you are shopping for gifts, use my Holiday Spending Worksheet to clarify who you are buying for and what you want to spend per person/item. Watch out for shoulds as in “We should buy them a gift …”. Once you have your list, add it up and make sure you can swing it and still be happy with your credit card statement in January. Click Here to access The Holiday Spending Worksheet. Decide How Much You Will Spend Know your numbers, what you are willing to spend and what your stopping point is.  Consider leaving the credit cards at home and using cash.  It will help you stick to your plan.  When you run out of money, go home! Do Your Research Heading out to wander around the mall with no plan is a recipe for overspending.  Be clear on what you want to purchase and what the regular price is.  Be sure are actually getting a deal or not. Focus on the items in which you can get deep discounts and skip the rest. Check Online You may be able to get great deals without leaving the comfort of your home.  Check major retailers for online specials for the items you are buying.  Look...

It’s Not About the Money

You know that feeling you get when you have to look at your numbers? That sinking feeling in your stomach, or tightness in your chest? That is a symptom of the Ignore-Panic Cycle.  Guess what?  It’s about the money, but it’s not about the money. And … it can feel really different than that. Take one small step. Love and light,...

27% have less than 1 month – Do You?

This may surprise you – almost half of Canadians have less than 1 month of expenses saved in case of emergency. In BMO’s newly released Rainy Day Survey, It is clear that savings is still a major challenge. One-third of Canadians are living pay-cheque to pay-cheque. I know from my clients that many of you are earning well over $100,000/year and are still struggling. You are juggling expenses, debt, and lifestyle choices. You don’t have a money life plan and are trying to manage complex finances in your head. The percentage of people with enough savings to cover a change in financial situation, job loss, illness, injury or major home or car repairs is up 8%, to 27% of Canadians, according to the annual Rainy Day Report. However, this survey also shows us that with two-thirds of Canadians using savings through an emergency, and almost half of Canadians with less than three months emergency savings, many Canadian families face potential financial crisis. Ready to create a better Money Life? 1. Get clear on what your life costs and what you earn 2. Decide what you really want your life to look like 3. Match your money to your goals. Need help? Let’s talk....

An extravagant life

Most of my clients have said this to me at some point in our work together. You may have said it or thought it yourself. Shelley and Brian were frustrated with juggling hockey fees, camp dues and property taxes in a month where the business revenues were lower than they had hoped. They decided it was time to get their money sorted out once and for all. They said to me “We make good money, I don’t understand why we are always struggling – we don’t live an extravagant life …” I said … yeah you do. I wasn’t being mean – I was being honest. OxfordDictionary.com defines extravagant as: Lacking restraint in spending money or using resources; Exceeding what is reasonable or appropriate Shelley and Brian aren’t alone. Forty percent of Canadians are living an extravagant life. – they are spending more than they are making. Another 20 percent live close enough to the edge that a late paycheque or a low revenue month makes them nervous. Are you living an Extravagant Life? Find out by answering these three questions. How much do we earn? Be clear on how much income you are bringing into your household. As a business owner, the total revenues you earn are not all available for your personal use. Taxes, business expenses and business investment must be accounted for. How much do we spend? Be clear on what your life costs. Consider not only the monthly expenses, but the fixed and variable expenses that come up during the year. Items like car repairs, gifts, gas and spending money for trips to the in-laws, vet...