Easy Ways To Save Money: Financial Fast Challenge

Easy Ways To Save Money: Financial Fast Challenge

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The last post about the “Financial Fast Challenge” showed you how to prepare for the challenge by building a bare bones budget, defining your goals, and figuring out how you will keep yourself accountable. This post will show you fun tips to help you successfully complete the challenge. As mentioned in the last post, this financial fast challenge does not have to make you miserable. Instead, it should help you save money, build better money habits and find more ways to be creative with your money. However, I know this challenge can be hard if you are not used to living on a bare bones budget. I’ve taken the liberty to write down how you can save more money while still having fun: 1. Cook Your Food: If you already like cooking this should be easy. You can play with different styles of cooking and experiment with different recipes. Eating from…

Financial Fast Challenge

Financial Fast Challenge

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April is finally here! The first month of the second quarter of the year. Just as most of you did, I set lots of goals for 2017 and a lot of them were financial goals. However, while performing my quarterly review of my financial position (in other words I reviewed my financial accounts e.g bank statements; I’m an accountant I can’t help it), I noticed that I am NOWHERE near accomplishing my goals. NOT CLOSE. I still need a ‘few’ hundred dollars to get to the point I need to be at. Since I would like to be lying on a beach sipping margaritas this summer, I need to act fast! I realized that the only way to salvage this situation is to go on a financial fast for the month of April at least! If you are in the same position, I invite you to come on this journey…

6 Ways To Get More Money Back From Your Tax Return

6 Ways To Get More Money Back From Your Tax Return

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  TAX SEASON IS STRESSFUL! As an accountant, tax season (January to April) tends to be one of the busiest times of my year. As we get closer to April 30 (deadline to file personal taxes in Canada) most people start getting even more stressed because they want to make sure they are filing their taxes properly and want to ensure they are getting the most money back from their tax returns. I’ve been filing taxes for myself for the past  5 years because: i) As an accountant working towards a Chartered Professional Accountant (CPA) designation, I felt paying someone to do this was a waste of my money. ii) I’m cheap and I didn’t want to pay someone $100-$200 for 15 minutes of work (I have a very simple tax return) iii) I am the CFO of my personal economy so no one cares more about my money than…

4 Mistakes You’re Making In Your Job Search

4 Mistakes You’re Making In Your Job Search

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For most students graduating in the summer, the winter is prime recruiting season. While undergoing the job search be careful to avoid making these mistakes: Not networking enough: Mistake: You do everything BUT network while looking for a job. You apply to as many job posts as you can each day and also cold call and cold email recruiters but you do absolutely no in person networking. Do this instead: Networking should be your main focus during your job application. If you’re only sitting in your dorm room and applying to 10 jobs every day and not meeting or reaching out to any recruiters then I have bad news for you, it will take you much longer to get a job. Instead of spending all your time responding to want ads – divide your job search time between applying to jobs and also reaching out to your network and also…

4 Tips To Manage Your Money As A Student

4 Tips To Manage Your Money As A Student

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As a student, you have very limited funds which is unfortunate because college is very expensive. From the $300 textbooks, to the expensive housing, and let’s not get started on student loans! As a student, your primary goal is to gain an education. However, more and more students find themselves walking across the stage on convocation day with a diploma as well as a huge debt. In Canada, the average student debt is just over $25,000 and it doesn’t help that it’s even harder for students to secure jobs after graduating. If you do not effectively manage your finances you will not only risk graduating with debt, but you might find yourself unable to partake in a lot of social activities in university. Lucky for you here are a few pointers that will help you to effectively manage your money as a student: Create a budget that works: The first…