I closed my bank account because I was fed up with an annoying bank fee. I know that this might not be the best solution for everybody, but it definitely is the most effective. Banks charge for everything under the sun, and if the government imposes additional fees on them, you can be sure that… Read More »Why I Closed My Bank Account After Two Years
Make this year the year that you avoid the income tax rush. Tax season is here and although it may be a bit early, NOW is the time to complete your return and submit it. There are many benefits of completing your tax return on time and way in advance of the deadline. I’ll tell… Read More »Avoid the Income Tax Rush
Buying a condo as an investment property is a route that many people take to make money. Depending on where you live it can be a worthwhile investment that can pay off or it can be a big mistake with dire financial consequences. Your challenge is to essentially crunch the numbers to get an idea… Read More »Buying a Condo as an Investment
Mortgage application denied. These are not the three little words that you were hoping to hear. You did everything that was asked and you followed the right procedures. You provided the mortgage adviser with every document that was requested – bank statements, job letter, pay slips, proof of address, lists of debts and assets, two… Read More »Mortgage Application Denied: What To Do Next?
Many people are not sure how to choose the best home insurance policy that fits their needs. With so many different home insurance policies on the market, each touted as the best, it’s very easy to get confused about which one is right for you. After you’ve spent hundreds of thousands of dollars on a… Read More »How to Choose the Best Home Insurance Policy
I was once faced with the decision of paying for tuition out of pocket or applying for a loan from a financial institution. The university that I wanted to attend gave me the option to pay my tuition per course (payment plan) or pay the full tuition fee. To pay the full tuition fee, I would… Read More »Paying For Tuition Out of Pocket
When I was younger, I had a neighbor who refused to use financial institutions to save and keep her money safe. Instead, she kept her money outside in her yard in a metal canister hidden in a hole she had dug next to the dog house. Since then, I’ve heard countless stories of people using… Read More »The Worst Places to Hide Money in Your Home
It is like a scene from a bad dream. You reach into your bag and you can’t feel your purse. You push your hand into your pocket to take out your wallet, but it is not there. Tiny beads of sweat form on your forehead, and your neck starts to get a bit warm. Frantically,… Read More »What Should I Do If I Lose My Purse or Wallet
There are many types of savings accounts that are offered by the various types of financial institutions. Unfortunately, none of them tell you how to choose a savings account. Instead, they focus on explaining why you should choose one of their products. The infographic below explains how to choose a savings account, by explaining some… Read More »How to Choose a Savings Account That’s Right For You
The gamut of personal finance blogs have effectively and efficiently analysed the existence of an emergency fund and the benefits of having one. However, there is no one size fits all solution for each and every situation. Rather, the individual should look at his/her situation and create a plan which examines all possibilities. Odd Cents… Read More »Case Study: How to Start an Emergency Fund