Archive for January, 2010

I heard a radio advertisement recently from one of the big banks regarding a service to help people save money. I think they called it “Bank the Rest.” It works something like this:

• You link a savings account to your credit card or chequing account
• When you make purchases with your debit or credit card, the transaction is rounded up to the nearest dollar
• The difference is deposited into the savings account\

The concept is simple. You set aside money for a rainy day in small, manageable pieces.

How many times have you seen coins on the ground and just walked by, thinking that it wasn’t worth your time. Think of this as an easy way to bank those coins without getting your fingers dirty.

Unfortunately, some people find themselves in situations where saving some money or changing spending habits is not enough to get out from under their debt load.

If you find yourself swimming in debt, feel free to give us a call at 310-PLAN or send me an e-mail. We’ll review all of the options, including personal bankruptcy and consumer proposals

Many people these days feel overwhelmed by the challenges of day-to-day life: work, finances, family, and so on and so forth. Human beings have a limited amount of energy, mental and physical, to deal with these stresses.

My advice is to take time to do things that make you happy, whatever that may be. For me, it’s reading a book, playing with my children, or going for a jog. To point out the obvious, reading a book is not going to solve all of your problems. However, removing yourself from the stress, if only for a little while, can help you put your challenges in the proper perspective. It can help you re-focus your energy where it will be most effective.