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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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Popular Posts

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...

Equity Crowdfunding 101

One of those weekends when I decided to troll the internet for money knowledge (because that's my idea of fun), I came across the concept of Equity Crowdfunding and was intrigued. Sounds like a good idea to add to the high-risk section of my portfolio. Some more digging and I learnt a few more facts that I'd like to share NO CANADIANS PLEASE! There are a few big, well-established names like EquityZen , SeedInvest and Crowdcube . Guess what they have in common? No Canadian residents can purchase investments on their website due to our regulatory requirements. Bummer! EquityZen does give access to shares of some of the big tech companies that are not yet publicly traded. What is equity crowdfunding in Canada ? Read here . It's geared toward Ontario but applicable Canada-wide. List of portals : This archived version is a good starting point though some of the portals are already consigned to the internet graveyard. Here you can find a list of registered portals i...

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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