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July 2020

Cord cutting 101

June 2020

Family RESP asset allocation
Alternatives to Amazon online shopping
Voting with my dollars
Emergency funds 101
Racism and immigrant finances

May 2020

Best Canadian Phone Plan for Immigrants
Laid Off 101 - 10 Things to do after you've been laid off

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January Money Checklist

Happy New Year! Sorry it's been a long second - the logistics of moving to a new home, social distancing and homeschooling kids took a lot of my mental bandwidth and left me too overwhelmed to blog. I'm back to share my January Money Checklist. It's a list of tasks that I complete at the beginning of the year to help me plan for the next 12 months and recap the previous 12. Make annual spending plan. Start with expected annual income and slot in expected annual expenses. Some big ticket expenses that I set a yearly amount aside for are travel, vacation, gifts and kids extracurricular activities. Make annual saving/investment plan. Once step 1 is completed, it's easy to know how much money you'll have leftover for this step. For me, my annual saving and investing plan order of priority is Fund retirement account (RRSP) Fund kids education savings plan Fund tax free investment account Check insurance quotes for home and auto to confirm that I'm still getting di

10 Steps to Choosing a New Home

8 years ago when we bought our townhome, I can say without any bashfulness that we were totally clueless about what went into buying and owning a home in Canada. We looked at over 30 homes in 3 neighbourhoods, had a very tense offer go bad last minute and faced with nowhere to live, decided to rent with the only landlord that would sign a lease on the last Friday of the month without a background check and let us move in the next week. We ended up liking the neighbourhood so much that 6 months later when our lease expired, we decided to buy a townhome that had come up for sale in the complex. Eight years and one additional kid later, we were ready to move on to the "grownup" home. Earlier this month, we closed out on that home and now I can share the steps that got us here. City/Area : First step was to determine which part of the city we wanted to live in. Calgary is divided into quadrants and each quadrant has it's own quirks and personalities. We started out living in

Home Closing Costs In Alberta

It easy to think of the down payment as the only cash outlay involved in a home transaction. It's easy and it's also wrong. There are quite a few more costs that take a bite out of the cash pie. As I'm currently in the home buying process, I wanted to share some of the closing costs that can be expected. Some of this costs vary province-by-province or even across cities so even though these are my costs, your mileage may vary. Buyer's Closing Costs in Alberta Property tax : If seller has prepaid property taxes for they full year, you may have to refund them a portion equivalent to taxes for the rest of the year. Home Insurance : Your lawyers will want to see proof of home insurance before closing out the sale. If you've prepaid a full year's insurance for your old house, you could get a refund from the insurance company to offset this new insurance cost. Legal fee : The lawyer will charge a purchase fee as well as the regulatory fees for title search, title r

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