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How About Partial Retirement?

Does your retirement feel like it is miles away? Have you crunched some numbers and found that you'll have to work thirty more years before you've saved enough to be able to quit your job? Maybe you need to bring the finish line a bit closer. Maybe you need to consider Partial Retirement ...  ... read more of this story»

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Can You Afford It? Here's How To Find Out ...

Have you ever been looking into making a large purchase, such as a house or a car, and asked yourself: Can I really afford this? If you haven't been tracking your expenses closely, this can be a difficult question to answer. Even if you don't have a solid grasp on your cash flow, there is one way that you can figure out just how tight you'll be after making the purchase. It works and, in the end, it'll even save you money!  ... read more of this story»

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Starting A New Hobby? Start Slowly!

When was the last time you wanted to start a new hobby and bought a bunch of stuff that you ended up using once or twice? It happens to the bast of us and if can be a big drain on our financial resources. How can we make hobbies less of a financial drain? Start slowly!  ... read more of this story»

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Friday Round Up: The 'Feels Like Spring' Edition

We're only a week into spring and the pile of snow on our front lawn is slowly getting smaller. At this rate we should be able to see the grass sometime in July!

This week I participated in a carnival and offered some tips on how to shrink your home communication costs.  ... read more of this story»

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So Long Cable Bill!

After months of knowing it needed doing, I've finally cancelled our cable TV and cable internet services in favour of cheaper alternatives. As I mentioned in an earlier post, we have already switched to VoIP for our phone service. All told, we've managed to reduce our total communications bill (phone, TV & internet) from over $140 per month down to just over $60. The extra cash is starting to accumulate!  ... read more of this story»

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My Money Saving Tip: VoIP

A few years ago my wife and I reduced our monthly phone bill from almost $60 each month down to $22.59. How did we do it? VoIP.  ... read more of this story»

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Friday Round Up: The Good Edition

This past week saw the site featured in a Cogeco monthly newsletter, a carnival submission and a way to make a Canadian mortgage tax-deductible.  ... read more of this story»

Peter's picture

Is Your Mortgage Interest Tax-Deductible?

Asset Swap: At the end of the day, you have a mortgage and an investment portfolio, only now, your mortgage interest is tax-deductible.If you are frowning and thinking to yourself, "Of course my mortgage interest is tax-deductible!" then you are likely a visitor from the United States. If you are frowning and thinking to yourself, "Of course my mortgage interest isn't tax-deductible!" then you are probably a Canadian. Our neighbours to the south have been enjoying a tax break on their mortgage interest for some time now. Although, as a Canadian, your home's mortgage interest is not normally tax-deductible, there is a technique that can make all or part of your mortgage interest expenses tax free.  ... read more of this story»

Peter's picture

Getting Into Real Estate Without A Down Payment Or A Mortgage

It is often said, "Don't wait to buy real estate; buy real estate and wait!" Although these words might not ring true today in the midst of a housing market correction, having a portion of your investments in real estate can be an important way to further diversify your portfolio. So, does that mean you need to save for a down payment, get a mortgage, buy a house and then maintain it? Nope! Real estate investing can be a lot easier than that. Let's see how!  ... read more of this story»

Peter's picture

You Can't Time The Market So Try Dollar Cost Averaging Instead

Dollar Cost Averaging: This is one method for reducing the risks of getting into a falling market.
"Buy low, sell high" is often one of the first things you'll hear when you're learning about investing. The problem with this is that it's tough to know what "low" and "high" actually are even when they are staring you in the face. When markets seem like they are down, like they are today, it can seem risky to make a large investment in case the markets keep going down. One way you can help limit your risk while entering into a falling market is through Dollar Cost Averaging.  ... read more of this story»

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