When it comes to budgeting, people often focus on the larger expenses such as lease payments, rent, utilities, and groceries. However, several commonly forgotten expenses can quickly add up and throw off your household budget. It’s important to consider these overlooked costs to create a more accurate and realistic budget.

The four commonly forgotten expenses that you may have forgotten to include in your budget are: maintenance and repairs, subscriptions and memberships, personal care, and miscellaneous.

Understanding the difference between good debt and bad debt is crucial in managing your finances effectively. While debt is often associated with negative connotations, it’s important to recognize that not all debt is created equal.

Differentiating between good and bad debt allows you to make informed decisions about borrowing money. By prioritizing good debt and minimizing bad debt, you can work towards building a solid financial foundation and achieving your long-term goals.

Teaching your children about debt is an essential life lesson that will equip them with the necessary skills to navigate their financial future in a responsible way. As a parent, you can help empower your children to make informed financial decisions and avoid common mishaps by instilling a solid understanding of debt from an early age.

In September 2022, the imposition of a luxury tax sparked significant interest and concern amongst Canadians. This new tax policy raised questions about its potential impact on Canadian consumers and the overall economy.

In this article, we cover the effects of the luxury tax on Canadians and explore its implications for individuals, businesses, and the broader economy over the past year. By examining both the positive and negative consequences, we aim to provide a comprehensive understanding of how the luxury tax has influenced the lives of Canadians.

Investing is putting your money to work in assets other than a savings account that have the potential to provide you with a greater rate of return than you would receive from holding your money as cash.

Most people have a general knowledge of basic investment terms including types of investments (stocks, bonds, GICs, etc.,) and common media topics such as inflation, interest rates, recession, and mortgage rates. However, when you are about to commit your assets to an investment portfolio, it’s useful to expand your investment knowledge beyond the basics. In this article, we examine five terms that you should understand when investing.