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What My Tax Refund Says About My Spending Habits

Receiving windfall income and deciding what to do with the money can reveal a bit about our money personality, financial savviness and priorities in life. It can also address whether we are living within or beyond our means. If you are expecting a tax refund this year, here are a few questions that you can ask yourself:

How do I plan on using my tax refund this year?
Will what I decide to do with my tax refund increase my net worth, either by paying off debts or increasing my assets by saving/investing the money?
Will I use my tax refund to cover an immediate expense? How can I cover this expense another way in future years?
Do I have a fully funded emergency fund? If not, how do I plan to fund an unexpected expense?

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5 Financial Guidelines We Follow in 2017

As we became more intentional about how we spent our money, we came up with some financial guidelines this year that will ensure that we don’t find ourselves in a similar financial mess as in the past. These principles provide us with some framework when making family decisions about saving, spending and debt. As our family and income situation changes, we will develop a new set of guidelines to follow that help create healthy boundaries in our savings and spending habits.

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What to Consider When Moving to Pay off Debt and Save Money

In summer of 2012 I moved to Calgary, Alberta in search of better employment. As a recent graduate with a master’s degree, I found myself with a considerable amount of student loan debt. Originally from Ontario, I decided to move to a province I have never been before, had no family or friends to assist me and was not sure of what to expect. My friends were experiencing similar limitations competing with millions of other professionals in Ontario that have had years of experience before the economic recession in 2008/2009.

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How to Plan the Perfect Valentine’s Day

Not sure how to plan for Valentines Day? Well as media and advertising tell us, every women wants a bouquet of flowers and some chocolates. So around Valentine’s Day flowers, chocolates, perfumes and jewellery are sold at a premium because that is what you are suppose to get…right?

Well I can only speak for myself and my husband, but as much as I appreciated the flowers my husband got me, I would have been equally if not happier with him using that money for something else that would allow us to spend some quality time together. For many years my husband and I spent Valentine’s day doing and getting what we thought the other person wanted, or what society told us they wanted.

It wasn’t until we were doing our pre-marital counseling course through our church that we were introduced to the book, ‘The 5 Love Languages: The Secret to Love that Lasts’ by Gary Chapman.

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Home Buying Series: The Median Family Benchmark

Buying a house is stressful enough that finding ways to reduce some of the stress is always a welcome reprieve. One of the things I provide my clients to help them in their search is what I call the “Median Family Benchmark”. It’s a simple calculation to determine where you stand financially before embarking on the biggest purchase of your life, a home.

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