Dealing with December Costs

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December can be a bit of a blur for many of us as we rush from Christmas concert to Christmas parties to Christmas shopping. Let’s face it, Christmas is a full-time gig. It’s also expensive. There are even large bodies of statistics to back this up, showing that only the Back-to-School season in August can compare. For most of us, buying presents for our friends, family and loved ones is non-negotiable, so we hit the mall with our credit … [Read more...]

Making Charitable Donations

DONATIONS

Charitable donations are never more important than during the holiday season. Providing money to the United Way, local food banks and other organizations that help the less fortunate is not only the right thing to do during the season of giving but it can also be a teachable moment for your children.       If they see that helping others is a priority for their parents, they’ll be more likely to follow suit throughout … [Read more...]

Tips for Shopping on a Budget

Budget

If there’s ever a time for people to go hog-wild and spend way beyond their means, this is it.The non-stop barrage of Christmas advertising and pleas from children for various toys coupled with the desire of many parents to keep up with the Joneses can lead to some serious expenses around the holidays, with most of them going on our credit cards.   Nobody wants to see tears on Christmas morning, right? So, what do we do? We spend … [Read more...]

Paying for Private School: Tips and Advice

Paying for School

Private schools are largely viewed as only being available to a privileged few.  However, this is a common misconception. In 2001, Statistics Canada found that almost 30 per cent of children in private schools came from families with incomes of $50,000 or less, and other studies found that 85 per cent of private school students come from lower to middle class families.   In fact, over the years, more and more of Canada's independent … [Read more...]

Buying Organic – When is it worth it?

Food

Having kids can be expensive—really expensive. That said; we all want to provide our families with the very best of everything, especially when it comes to the foods they eat. But without an unlimited budget, fulfilling our dream grocery list can be a challenge. When should we be prepared to shell out a little bit extra?   To find out, we spoke with Toronto-based chef Constance Guitard, owner of Weezie’s restaurant on King Street … [Read more...]

The Cost of Lunch

cost of lunch

Back-to-school is an expensive time of year – second only to Christmas for Canadian families – but the costs don’t end once the kids head out the door with their backpacks for the first time.       Sure, parents have to write the odd cheque for a special field trip or two, but the biggest ongoing cost for their kids should be very familiar to them – lunch. This doesn’t usually apply to families where one … [Read more...]

How to Raise Money-Smart Kids

Bank

Staring down at your three-year-old daughter, it’s hard to imagine that one day she will be a grown woman, managing her own spending and savings, and growing her earnings into a small fortune on which she’ll one day be able to comfortably retire. But of course, that is the hope.     As a mother of two, Robin Taub has been there, hoping for the best. But as a chartered account, she knows how important it is to guide one’s … [Read more...]

Productive Money Talk

Banker

There are few topics—if any—guaranteed to start a fight among couples as quickly as money. Still, it’s not something we can just sweep under the rug and ignore completely. So how can spouses approach this power keg without sparking a massive fireworks display?     Daniel Collison, regional director for Investors Group in Markham, Ontario, says that when dealing with any contentious topic, it’s all in your … [Read more...]

Apps that Help you Save

Finanical App

If you’re tired of trying to figure out the best way to keep on top of your finances maybe you should lie down and take an app.         In the old days, you might have clipped some coupons and carried your bank book in your back pocket if you wanted to be as financially up-to-date as possible. But today, you can hold the equivalent of a high-powered computer in the palm of your hand. And, if you download a few … [Read more...]