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How to get the latest student technology for less

The hottest technologies for students don’t need to bust your budget. Follow these tips to get the latest and greatest tech gizmos for less. Computers and tablets – First, clarify what’s actually required; a computer, tablet or both. If you need both, consider a machine…

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How to afford to go back to school as an adult

If the thought of paying tuition as an adult is giving you heartburn, it’s time to look at the best options to afford the costs. I went back to school in my late 20s as a “mature” student. To tackle the massive costs of my…

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Five simple ways to save on back-to-school

Back-to-school shopping can get out of control. Rein it in with these five tips. According to the Huffington Post, parents of school-aged children spend an average of $650 on back-to-school supplies for their family every year. Approximately two thirds of that goes towards clothing and…

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Parents, use the Canada Child Benefit increase wisely

The Canada Child Benefit (CCB) increased in July which is very good news for parents! If you are new to this benefit, the money is a financial boost for families and it’s tax-free up to a new annual maximum benefit of $6,639 per child under age 6…

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Co-working spaces with child care are saving parents money

For parents with non-traditional careers, there’s a new trend of co-working spaces that include childcare. They best part is it actually saves money!   In just a few weeks, I’m going to have a sidekick with me, a brand new baby boy, and how I’ve operated…

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How much is too much to be spending on fitness?

Spending more than three per cent of your take-home income on fitness? Think again. Keeping fit is essential to your mental and physical health. It also takes the exact same set of skills that money management requires – discipline, regular maintenance, striving to achieve goals,…

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Making sure barbecue season doesn’t break the bank

Food cost are up making it harder for Canadians to manage their grocery budget. Stay on track with these five strategies. I’ve been busting through my grocery budget, by about $50 per week, for a number of months now, and I finally have proof that…

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When to create an online will vs. when to use a lawyer

Technology is simplifying the will-making process. Find out if an online will is right for you. Deciding to create your will is the most important decision you’ll make when it comes to estate planning. A survey commissioned by online estate planning platform Willful found that…

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Three key financial products every parent needs

1 in 5 parents don’t have one of these three key financial products for their children. In June 2019 online estate planning company, Willful, surveyed parents to see how financially prepared they were now that they had kids. Specifically, they asked whether parents had a…

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Resetting your money mindset after a major negative life event

When financial catastrophe strikes, it can disempower you and your money. Shift your thinking with these practical tips. Separation or divorce. Illness. Death of a loved one. Bankruptcy. Failed business. Job loss. Retooling for an entirely new career. Major unexpected expense. What’s common amongst these…

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Your resetting checklist

Sometimes life can throw you a curveball, or two. If you’re in need of a financial reset, start by getting organized with this checklist. Gather up a list of all of your assets and liabilities. Assets are things that you own, which grow in value,…

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4 ways to improve your credit after a financial reset

If your credit has been impacted because you’re going through a financial reset, follow these four helpful tips brought to you in collaboration with Capital One. Not surprisingly, individuals who are working their way through a financial reset are worried about rebuilding credit. Your credit…

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Build your financial plan in two hours

Creating a personalized financial plan can be done in as little as two hours.  Grab your smartphone and open the calendar app. Block two hours this week to build your five-year plan. Then open up your Two Hour Financial Planning Template and follow along. Note there is an example in…

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Your net worth by age

Are your retirement savings on track? Measure them against our net worth milestones to compare. Almost every week I get asked “What should my net worth be?” The answer just isn’t that simple, because it’s based on what your goals are for the future. If,…

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Save money during the summer without sacrificing your social status

Summer is a spending spectacle because it’s actually the time of year when we spend the most money…not Christmas.  Summertime brings more than sunburns and barbecues; it can also send your monthly expenses through the roof. After you add up all the vacations, festivals, concerts…

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Don’t let fear hold you back from filing taxes on time

When I first started my career, I wrote a column about why people procrastinate in filing their taxes. I interviewed an accountant whose business thrived in one area of specialization — filing late tax returns for individuals who were behind by at least five years….

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Annoying travel fees you should avoid

Travel on your mind this summer? Avoid these annoying fees. There are a variety of travel fees that you can scratch off your list of expenses by planning ahead. Baggage fees: Try taking a vacation with one carry-on bag. You’ll need to think ahead about…

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Time for a new vehicle? Examine the total cost

Buying or replacing a car before the summer? What you choose to purchase, and how you pay for it, can have a big impact on your household budget. If visions of a new vehicle are roaming through your head, consider the following factors before making…

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Dreaming of a summer holiday? Set your budget.

Wondering how much you should be spending on travel every year? We’ve got guardrails you can stay within. The temptation to splurge on a summer holiday after a long winter is real. But, budgeting best-practice says you should keep your total travel costs for the…

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File your taxes with a little help from our checklist

Our friends at Brunning and Company helped us pull together a comprehensive checklist of the forms you’ll need to file your taxes. Owner, Shannon Brunning, has also shared three simple tips to make tax filing a little easier this year. Set up a designated space in your home to…

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Dreaming of retirement? Start with a vision

Though it might seem far away, the decisions you make today will impact the quality of your retirement. Start with a vision All retirement plans need to start with the vision you have for your future. Ask yourself the following: At what age would I…

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Get your financial house in order with inspiration from Marie Kondo

Let organizational joy guide you and avoid spending money on things that don’t bring you joy. We’re pretty obsessed with Japanese organizational consultant and popular Netflix show host, Marie Kondo. She organizes and purges the homes of hoarders. She helps families dealing with loss respectfully…

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MeVest Money Tip: Cut spending by going on the cash system

If you’re like most Canadians, the holidays hurt your bank account. But, shifting to the cash system in 2019 will save you big bucks. Set up pre-authorizations and stop automatic credit-card charges for fixed expenses: Make a list of fixed expenses (ones that don’t typically change)…

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Stop feeling overwhelmed by your financial goals for 2019

According to a recent Tangerine survey, improving finances is one of the top-cited resolutions for Canadians in 2019. But balancing between other important areas of your life will make sure that your year, and your life, are more than just dollar signs. Here’s how you can…

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Reduce your tax bill with these end-of-year tips

Around this time of year I create my annual tax folder in Google Drive and begin loading up relevant documents such as my charitable receipts and medical expenses from the year. As new tax forms start rolling in, I keep them all organized in my…

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The best protection against identity theft is you

Identity theft is rampant and it’s important to protect yourself. If you suspect something unusual is going on with your personal information, follow these steps: 1. Report It Identity theft techniques can range from complex computer spywares and viruses, designed to help thieves acquire personal…

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The rise of subscriptions could be squeezing your digital wallet

Subscriptions are like paper cuts. If you get too many of them, they can harm your financial and physical well-being. The nastiest part is they’re so darn small, they often go undetected for quite some time.     In the past five years, the subscription…

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Stretch your grocery budget by shopping online

Today on @BTtoronto we talked about how technology is revolutionizing the way we shop for groceries and why that's saving Canadians money. @WinstonSih @rogerfpetersen Full story: https://t.co/Lel9bUpukB — MeVest (@MeVestMoney) July 31, 2018 One of my pet peeves is buying something and then finding out…

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Merging your accounts with your honey? Read this.

MeVest founder, Lesley-Anne Scorgie, hosts guest contributor, Janine Rogan.   Merging your accounts with the love of your life has pros and cons. For starters it makes things easier at the end of the month when you don’t need to tally up who owes what….

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Using digital tools to automate your financial plan

Set it and forget it. Automating your budget and savings for things like groceries is one of the best ways to stay on track financially. I’m envious of people that have a long memory. My granny can recount names, addresses, birthdays, anniversaries, outfits people wore…

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Is mortgage-freedom your goal? Tackle it in these three ways.

Not everyone can visualize a future without a mortgage. But, Sean Cooper did. Before he was 30, Sean eliminated his mortgage on the home he purchased in Toronto nearly eight years ago. In our latest episode of LA TV, with MeVest founder and host, Lesley-Anne…

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Spending more than $1,000 on children’s activities? Think again.

When I started my career in finance in 2006, I attended an event with the author of The Wealthy Barber, David Chilton. He kicked off his financial pep talk by recounting the time he reviewed an Alberta family’s spending who claimed they were completely broke…

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How to Host a Barbecue on a Budget

The summer season is the perfect time to get-together with family and friends, celebrate the beautiful weather and enjoy each other’s company over delicious food! We know that hosting a backyard barbecue can also get expensive, so we’re sharing three tips to keeping your party…

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Should you join your money with your honey?

When the dust settles after the ceremony, reception and second helpings of tiered wedding cakes, newly married couples in Canada must decide whether to join their banking. Technically speaking, so long as the couple works together to achieve their goals as a team, they can…

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Daydreaming about a joint vacation? Set some boundaries first

  Sharing vacations and vacation properties with family and friends is a fabulous way to shave off costs. But, even the best laid plans can sometimes backfire both financially and personally, without clear boundaries. Here’s how to do it right. Pick a travel partner with…

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Are you being scammed? Here’s a quick guide to find out

Nearly 70 per cent of Canadians received a tax refund, making them an easy target for fraud.   Last Tuesday I opened my email to discover a correspondence from the Canada Revenue Agency (CRA) stating that, due to a miscalculation during my tax filing last…

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DIY Home Staging

Thinking about moving or getting ready to put your house on the market? Spring is always a busier time for home sales and if you want to ensure your home is ready to sell there are a couple of simple things you can do to…

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The six best summer side-hustles for students

One summer job just isn’t enough anymore but there are money-making opportunities out there, from freelancing to festivals. The summertime can be a financial pressure cooker for some students as they scrounge, mooch and save for their next round of tuition payments, often due by…

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Six Ways to Get Your Scholarship Applications Across the Finish Line

Some of Canada’s largest scholarships have application deadlines by the end of May, but Canadian students aren’t bothering to apply for the money. Here are six tips to get your scholarship applications across the finish line: Know where to look: Your school’s financial aid office is a great…

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Re-imagine Your Budget to Stop Overspending

Remember, fancy spreadsheets and apps won’t save you. Better behaviours will.   As a certified money coach and personal finance author,  I’ve seen just about every version of budgeting that you can imagine; families with an entire section of their kitchen countertop full of jars…

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Ladies, start saving 20 per cent for retirement

Women can unlock their financial potential by growing their financial confidence. The Wealthy Barber was the very first book I read about personal finance and the most important rule I learned was to save 10 per cent of everything I earned towards retirement. When I…

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Are You Behind on Filing Your Taxes?

Missing the April 30 deadline could lead to a colossal waste of money. Here are some details to keep in mind.   Mark your calendars: Canada’s personal income tax deadline is April 30. That means weeks of fear, procrastination and guilt. The biggest worries I…

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Here’s How to Take Advantage of Scholarship Season

Millions of post-secondary scholarship dollars are left on the table because Canadian students don’t bother to apply for the money. Post-secondary students across Canada are preparing for final exams — but carving out time during the next 60 days to investigate scholarship opportunities could save…

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5 Ways Spring Cleaning is Good For You AND Your Bank Account

There is something refreshing about tidying up our home, getting rid of things that no longer serve us and entering the Spring season feeling rejuvenated. We’ve put together our top 5 tips to help you get your Spring cleaning started: 1. Electronics – Take an…

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The 411 on RRSPs

President & Founder of @MeVestMoney, @Lesleyscorgie, explains RRSPs and why Canadians should look into contributing.https://t.co/VDV9jNToep — Breakfast Television Toronto (@BTtoronto) February 21, 2018   Q. Why should Canadians care about RRSPs? A. Hands-down, the RRSP tool is the most powerful retirement savings vehicle for most…

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Three Steps Toward a Better Sleep

Do you ever wake up from a less than ideal sleep and then as your day unfolds many things from your mood to work tasks just feel ‘off?’ Sleep is one of THE most important pieces of our wellness routine. We hear this all of…

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How to Empower Yourself in Business

To ultimately get ahead in business, you’ll have to push yourself to achieve more every year. This can feel uncomfortable at times, but that’s a sign that you’re learning and growing. We have four important steps you can take to get ahead, and to feel…

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The Financial Benefits of Going Green

The start of 2018 brings opportunity for change and reducing your carbon footprint is definitely on the top of the list for many people drafting up their New Year’s Resolutions. But, did you know there are financial benefits of living a “green” life? Our Homes…

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Goodbye Costly Cable TV, Hello Savings – Week 9

For its ninth challenge, Metro’s Small Changes, Big Win series gets you to save by cancelling your cable television subscription. Small changes to the way you spend can add up. We’ve pulled together weekly tips that will add a minimum of $10 to your savings….

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5 Ways to Pay-off Your Holiday Bills Faster

If you’re reeling from an expensive holiday shopping season, you’re not alone. Most Canadian households spent an average of $1,000 on gifts and entertainment throughout the season. That amount might seem reasonable if you’ve planned for it. But, most people did not save in advance and…

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The Fight for Gender Parity Continues: Remembering December 6th, 1989

I was in kindergarten when the Montreal Massacre happened. It was December 6th, 1989. In a delusional and violent attempt to “fight feminism”, Marc Lépine, 25 years-old, shot 28 people and killed 14 women, and then he committed suicide. A lot has happened for women…

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Gender Diverse Investing: A Morning with Diana van Maasdijk

Earlier this month I sat down with Diana van Maasdijk, co-founder of Equileap, while she visited Toronto from Amsterdam; where Equileap’s head office is located. Q. What does Equileap do? A. Equileap creates a financial index for gender-diverse exchange-traded funds (ETFs). What that means is that…

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Gender-diverse Investing with Raj Lala

[youtube]https://youtu.be/beLynxK0VSw[/youtube] Raj Lala, and his team at Evolve ETFs, recently launched HERS, which is the first Canadian gender-diverse ETF.   It can be a challenge to research the gender-diversity policies and practices of companies in North America. That’s where relying on non-profit organizations like Equileap…

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This Year, Restrict Holiday Drinks to Half-price Happy Hour – Week 2

For it’s second challenge, Metro’s Small Changes, Big Win series gets you to scope out discounted drink specials. Enjoy responsibly and bank those savings. Small changes to the way you spend your money can really add up. We’ve pulled together weekly tips that will add…

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Women-focused Businesses are More Profitable

During the month of November, organizations in Canada like WXN and Women of Influence, celebrate the career accomplishments of women.  The subject of gender diversity and women in the workplace is active around the dinner table, but not only that, the subject of has been influencing the markets and investment decisions made…

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Closing the Clean Car Affordability Gap

When the calendar rolls over into 2018 my car, a peppy crossover with low kilometres, will officially be ten years old. In the world of cars, that’s considered a milestone birthday. In the world of consumers, however, that’s considered time for change.   Here’s the…

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Can You Afford to Own a Clean and Safe Car?

  Affording a clean and safe car is within your reach. So too is getting in on the investment market for automotive innovation. What will it cost you to own an Electric Car? Two of the most popular EV Cars are: The Tesla, starting at…

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Apartheid is Over, But Socially Responsible Investing is Not

Throughout the 1970s and 1990s, companies, pension funds, and individuals around the world stopped investing in South Africa. Since 1948, South Africa had been under Apartheid, a system of legal racial segregation enforced by the ruling National Party. Apartheid encouraged other human-rights violations such as…

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Millennials Eager to Invest in Combatting Cyber Security Breaches

I love free stuff perhaps even more than my granny. But, here’s the catch. Over the years I’ve registered for dozens of loyalty programs, downloaded coupons and signed up for services online. All I had to trade to get my precious ‘perks’, was my private…

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Recovering From Identity Theft

Samantha’s story of identity theft is one of many thousands. In the spirit of bringing awareness to Cyber Security Month and we’ve got a few tips from our friends at Cytelligence to keep your information safe online. Change your passwords to your online banking at…

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One Simple Way to Protect Against Identity Theft

Last year the most cyber attacked industries were: Healthcare Manufacturing Financial Services Government Transportation   Millions of people had their private information misused or stolen for the purposes of criminal gain. In some instances, that resulted in the hackers creating new identities; while in others…

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ETFs for Social Good

Three social issues that are trending in ETFs right now are gender diversity, car technology and cyber security. And you see the excitement building with the launch of HERS, CARS and CYBR right here in Canada.   Gender Diversity – Stats from Morgan Stanley show that high gender-diverse companies delivered incremental Return On…

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Parents, check your mailbox!

This week, the Government of Canada mailed out letters to more than 85,000 families who are eligible for the Canada Learning Bond (CLB) – consisting of a $500 grant at birth and an additional $100 per year until a child turns 15, as long as…

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Parents, Stop Leaving Money On the Table

  Recent survey results from Ipsos and Knowledge First Financial indicate that over half of Canadian parents are leaving money on the table when it comes to saving for their child’s future education costs, and they regret it later. Parents are simply not taking full…

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5 Reasons You Should Save For Your Child’s Education

You know it. The cost of education has increased by more than 100 percent since the 1980s, making it difficult for parents to save enough. Thankfully, the federal and provincial governments across Canada offer Registered Education Savings Plans (RESPs) and grants to help you save…

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3 Reasons You Should Not be Lazy When Saving for Your Child’s RESP

  Like most things in life, good things don’t last forever. This certainly applies to free grants for your child’s Registered Education Savings Plan. Every year you have access to some form of free grant whether through the Federal Government or the province where you…

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3 steps to financial adulthood for students

Your student budget is beyond tight; books, tuition, lab fees, residence, food, cell phone, Internet, beer, parties and travel. But, if you don’t want to live on your parents’ couch when you graduate, you’re going to have to grow up financially.   Use your smart…

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4 Budgeting Hacks for Parents to Afford RESPs

You’re maxed, right? Between mortgage payments, groceries, gas, haircuts and sports registration fees, it seems next to impossible to scrounge up money for your child’s Registered Education Savings Plan (RESP). A recent survey from Ipsos and Knowledge First Financial revealed that four out of five parents…

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Don’t Be ‘That’ Parent Who Misses RESP Grant Windows

Parents are leaving money on the table when it comes to saving for their child’s future education costs and that’s a bad financial move! A recent survey from Ipsos and Knowledge First Financial confirm that over half of Canadian parents simply aren’t maximizing available government…

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Say ‘No’ to Package Insurance

I know it’s not pleasant to think about illness, disease, death, disability, floods, fires, accidents, and other awful events, but catastrophes can happen and you need to be equipped with the right insurance to get you through difficult times. The last thing you need to…

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Bizarre Scenarios Aren’t Always Covered by Insurance

  What happens to your insurance coverage if your neighbour’s kid starts a fire and the fire leaps the fence and destroys your deck? What if your tenant brings a lawn mower into your living room, starts it and accidentally chops off his foot? What…

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4 Questions to Ask Your Insurance Advisor

As an insurance advisor, I find that people are not familiar with the insurance they bought and the associated features.  Below are the four most important questions to ask your insurance advisor before you make changes to your existing policy or sign on the dotted…

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Frugal Summer Upkeep

In the summer, there’s a lot of personal upkeep that goes on like pedicures, bikini waxes and summer workout bootcamps. How do we keep up with all of this stuff without breaking the bank?     Tips: You can get your pedicure done at a…

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Rates are likely going up and it could be a good thing

WATCH: What the interest rate hike might mean for you – @Lesleyscorgie's interview with with @aartipole on #CBCNN https://t.co/9sc2bm5cd6 pic.twitter.com/L9t7UAgDgM — Jeffrey Sze (@jeffrey_sze) July 3, 2017   A rate increase in Canada could actually be a good thing because it can have a slight…

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Wallet, Waistline & Wellness Challenge

If you’re feeling a little drained and need to reset it could be because you’ve got some anxiety about your finances, body image or mindset. But, there is a way to shred that anxiety with “tweaks” to your daily routine. It’s the Wallet, Waistline and Wellness…

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Ask Smaller Questions and Change Your Life

We’ve been taught that in order to produce great changes in our lives we must apply significant innovations to equally large challenges. For example, we feel stuck in our careers and ask ourselves “why am I not moving up in my organization?” or “why can’t…

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5 Physical Fitness Behaviours that Apply to Your Finances

Coaching people with their money is something I love to do. That’s why I built a business around the concept. But, I’ve also been teaching high intensity fitness classes every week for many years. Though my motivation to teach fitness started with me thinking that…

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The Cost of Your Tribe

Everyone belongs to a tribe, and sometimes more than one. These are the communities of people that we identify, play and congregate with. Some of us have a mission such as community work, physical fitness or support systems, while others are simply groups of friends….

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The bogus budgeting myth when buying local

There’s a common misunderstanding that local choices for food, art, crafts, entertainment, clothing, furniture and services cost more. That simply isn’t the case. But, if you are an unaware shopper, not paying attention to prices or what’s in-or-out-of season, you could definitely stumble upon an…

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Q & A – Housing Affordability with Sean Cooper

Q. What are the best ways to afford a home in an expensive market like Toronto or Vancouver? Get creative. You probably can’t afford your dream home right away, but by getting your foot in the door of the real estate market with a condo…

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Want to cash-out on your real estate? Read this.

When times are good in real estate there are plenty of reasons to cash-out. But, the cash-out only works to your financial benefit if you’re actually putting real money towards your net worth. Your net worth is the amount of money you have left over when…

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The 32 per cent rule in real estate

  Mortgage lenders have loads of rules they must follow from government policies around borrowing limits to their internal risk management frameworks that protect their institutions from a borrower defaulting on their loan (i.e. not paying it back). But, one rule in particular has stood…

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The 32 per cent rule in real estate

  Mortgage lenders have loads of rules they must follow from government policies around borrowing limits to their internal risk management frameworks that protect their institutions from a borrower defaulting on their loan (i.e. not paying it back). But, one rule in particular has stood…

Read More

The 32 per cent rule in real estate

  Mortgage lenders have loads of rules they must follow from government policies around borrowing limits to their internal risk management frameworks that protect their institutions from a borrower defaulting on their loan (i.e. not paying it back). But, one rule in particular has stood…

Read More

4 Reasons Your Mortgage Application Could Be Declined

There are many reasons that mortgages don’t get approved including low income, too much debt, and bad credit. Here are some ideas of what you can do if you’re getting declined due to any of the following reasons. Low Income: If the bank tells you…

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