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  • 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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  • 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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  • Earning a high income and having a great education doesn’t make you automatically rich

    Tweet I used to believe that if I earned a lot of money, at least $75,000 – $100,00 I’d be set for life financially. It wasn’t until I was in $60,000 debt from my fancy degree, earning $65,000 a year (a very good salary in […]

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  • Paying down a debt? Think of the interest rates as returns.

    Tweet I know it sounds stupid, but it might help to think of the interest rates on your debt as returns on your money. Let’s say you have 2 credit cards: One card with a $5,000 balance at 9% interest The other with a $10,000 […]

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  • Stop the money shaming!

    Tweet I find it very interesting that everyone has such different views on what is a comfortable amount of money to spend on living expenses. People who are fairly frugal are usually categorized as ramen-eating, penny pinching, student-like cheapos who don’t have any fun at […]

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