Frugal February Challenge

The first couple of months at the start of a new year can be challenging budget-wise; most of us are still recovering from Christmas expenses so we spend most of January playing catch up and falling behind on other bills.

We want to help you break the debt cycle. Welcome to Frugal February.

As the name suggests, we’ve got some suggestions and tips to help you save money this February so you can pay down your debt and hopefully put some money aside too.

The rules are simple and even sticking to just half of them will have a positive impact on your finances:

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Crash Course on Back To School Budgeting

school budgeting

Most university and college students have been back in class for a few weeks now and no matter how optimistic they might have been at the start of the school year, it’s likely they’re already starting to feel the constraints of school budgeting.

Even if you have a job during the school year, there’s no way to work as many hours as you would during the summer and that – combined with the drastically increased costs that come with having to pay for classes, textbooks, rent, transportation, food, and everything else that comes with being a student – means that you’re probably starting to feel the pinch in your pocket.

We’ve compiled a list of posts on saving money as a student that we hope will help you with your school budgeting so you can stay on track as you pursue higher education!

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Teach Your Kids How to Be Money Smart

kids

One of the best things you can do for your children is teach them smart money management techniques from as young an age as possible. Most kids (either consciously or unconsciously) learn their own money habits from observing their parents, which is why it’s vitally important to set a good example for them. Here are some tips to help you teach your kids to be money smart.

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Common RRSP Myths Debunked

RRSP

For most people under the age of 50, retirement is just a vague pleasant thought looming on the horizon. While they might have set up some form of a Registered Retirement Savings Plan (RRSP) to which they contribute a certain portion of their earnings, chances are they’re not actively giving it much thought (or spending much time researching).

With how shaky the economy has been (and likely will continue to be), it’s always a good idea to plan ahead and make sure you understand all there is to know about your RRSP so you can do your best to prevent any unpleasant surprises down the road.

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