Are you finding yourself overwhelmed by your debt load? If you are, you are not alone. In fact, according to a recent report by Certified General Accountants Association of Canada, Canadian household debt has more than doubled since 1989.
There is a short video clip on globeinvestor.com that will give you some advice on how to beat your problems with debt. Laurie Campbell, from a non-profit organization called Credit Canada, speaks with Rob Carrick about how to tackle your debt issues.
Well, this will be my last update until the end of my 100-Day Challenge. With only 26 days to go, time has really flown by. I have felt more positive about the challenge lately. Exercising has become a more normal part of my routine each day. I even went for a walk one day during a break at work, which was nice. I think I will start to do more of that even after the challenge is over.
My entertainment is down to just $35 now as I went to a concert that cost me $20. I think I can manage to stick within this budget during the rest of this challenge without too much trouble.
There are so many ways to save money for your big day. You don’t have to spend thousands upon thousands of dollars in order to make your wedding day special. In fact, with the help of family and friends, you can have a nice wedding for much less than you might expect.
When my husband and I got married we didn’t have very much money to work with. We both were in agreement that we were not willing to go into debt in order to pay for our wedding. In fact, the idea never even crossed our minds. To us, our life afterwards was much more important than our wedding day.
All too often, kids end up having to learn from their own mistakes about how to handle money, because nobody formally teaches them how to handle it . Sure, they can observe their parents’ behavior towards money but it seems to be a rare occurrence for parents to actually sit down with their kids and teach them about proper money management. As a result, many young adults just starting out on their own end up with overwhelming credit card debt or simply get behind in paying their bills as they haven’t yet learned how to handle the expenses that were once all taken care of by their parents.
In order to prevent your own kids from feeling lost when they first set out on their own, start to teach them when they are young. According to Jeff D. Opdyke’s article “The 15 Money Rules Kids Should Learn”, there are a lot of things parents can teach their kids at a young age.
Financial Intimacy: How To Create A Healthy Relationship With Your Money And Your Mate by Jacquette M. Timmons
Financial Intimacy
I read it from cover to cover and found it interesting. The author first presents stories of several women from varying backgrounds, ethnicities, and income levels, and shows how their relationship to money affected their relationship with their mates.
The author points out throughout her book that a person’s relationship with money really dictates the rest of their lives. In fact, she suggests that it’s really not about money at all, but how you relate to money is really all about choices and lifestyle and beliefs. It’s important to note that most women want to feel taken care of and she refers to this as the “Prince Charming Effect”.