Act like you earn less than you do

One of the best things you can do to improve your financial health is to spend as if you earn less than you do.

Everyone who makes good money knows it. And that is a dangerous thing, because the more you make the more you feel you should – and can afford to – spend. Continue reading…


Income Splitting Options in Retirement

Benjamin Franklin once said “Nothing is more certain than death and taxes”. But when it comes to paying taxes, those with a common-law partner or married partner are simply better off. Paying less total income tax is not only possible, but a virtual guarantee because of the gifts granted by our government to encourage long term relationships. Continue reading…


Can Money Buy Happiness?

For years we have been told that money doesn’t lead to happiness. So why is it that so many crave riches?

Recent research suggests that money can deliver enhanced levels of satisfaction – not from having more of it – but by spending it on things that last and yes, even giving it away. Continue reading…


Groceries are NOT a fixed household expense

A lot of people assume that the monthly grocery bill is one of those expenses in the home that just is what it is. A most common refrain is this: “We’re a family of four. We spend $1,200 a month on groceries no matter what we do… More if we’re hosting. That’s just what it costs to feed us and we’re not willing to compromise on quality.” Continue reading…


Teenagers and Money

The best research studies often lead to unexpected insights. A few years back, several hundred young adults in their 20s were surveyed on what they wished their parents had taught them growing up. The results were a little surprising. They wished they had been taught how to limit debt, how to save and invest, how to plan ahead and how to live within their means. If these are so important to 20-somethings, what should we do as parents to address these topics with our teenagers? Continue reading…