Tag Archive for ‘debt journey’

Is It Becoming Harder to Save? Part 2

In part 1 of this post I highlighted three factors that affect people’s ability to save money; stagnant incomes, rising cost of living and house prices. These factors are external to us and we have little ability to control them on an individual level. I mentioned that even with these constraints we can still save. Today I will address how we can get around this by looking at internal factors we have more control over, our spending.

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5 Ways Millennials Think Differently About Life

Millennials (born between 1982 and 2004) are changing the way they do things. From where and how we choose to work to how we choose to spend our money.  Here are a few things that make millennials stick out from the rest of the generations before them. Mobility = Freedom We like to travel, work abroad, go on crazy adventures and drop everything to pursue what we love. Having the […]

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30 Ways to Pay off a Six Figure Debt in Less Than 3 years

Keep your housing costs between 20%-25% of your take home pay. If you can move back home with your parents while working and paying off youe debts, thats even better. Cancel all membership and subscriptions including cable and gym memberships If you are renting, look for all-inclusive apartment (if possible) Avoid paying for a parking stall if you rent. Instead, consider street parking. Live close to easily accessible transit lines […]

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Budgeting Tips to Get You Started: Part 2 of 2

Here are 5 more tips that have worked for me when planning my budget. This is a continuation of budgeting tips part 1 post. Don’t forget to account for one time expenses, also known as “planned spending”. Divide the total amount by 12 months and set aside these funds periodically so you have the lump sum payment when its due. This is actually a tricky one to actually stick with. […]

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10 Reasons Why You Should Get Rid of Your Student Loan Debt Quickly

It’s funny the things you remember when you are younger, which at the time you feel have no significance. I remember sitting in my Grade 12 calculus class, it was the final semester before high school graduation. By then, everyone had picked out their schools and had either been accepted or not. The feeling of independence, a sense of accomplishment and the eagerness to experience college/university life had filled the […]

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