According to a new study by the CGA Association of Canada, 1/3rd of Canadians are living paycheck to paycheck 🙁 The consensus was that the people surveyed believed their incomes were not “keeping pace with the cost of living.” Sigh (-_-;) If only they understood how to hedge their expenses against inflation protected investments like consumer staples that have a… Read More »
One of my personal resolutions for this year is to eat healthier. Not only is it better for the body, but a healthier diet is also more affordable. Last year I posted how to save money by just shopping at ethnic grocery stores instead of big supermarkets. You can buy a bag of groceries for under $6 if… Read More »
Say hello to the new plastic $20 bill from the Bank of Canada. These will start to replace the current paper $20 bank notes starting from tomorrow, Nov 7th. I think they are quite nice to look at. I really appreciate how our currency is color coded, no offence to those who are color blind :S Last month… Read More »
Last week I shared a couple of tips to buy food on the cheap. Now I will reveal another way to save. I shop at Costco. Buying groceries in bulk is a great way to save money. A tray of 48 pork sausages only costs $13. Three loaves of bread for only $7. They always have food items… Read More »
Saving Money on Groceries This post is all about grocery savings. How much do you normally spend on groceries each month? According to an OSEC report Canadians spent about 84 billion on groceries in 2010. On average that’s roughly $205 a month per person. 🙂 According to the US department of Agriculture, the average American in 2009 spent around $150 a month from food… Read More »
RRSPs can be used to lower our overall tax burden. Continued from How to Use the RRSP: Part 1 Another use for an RRSP is to treat it as a jobless fund. I don’t have an emergency fund in the traditional sense, but if for whatever reason I stopped working, didn’t qualify for E.I. benefits, and ran out of TFSA… Read More »