Offering helpful financial and lifestyle advice for everyday Canadians

Posts tagged ‘cost-saving’

How Single Moms Can Stave Off Mental Illness

Depressed woman

Being a single mom can be difficult. ReadersDigest is looking out for you and has some helpful advice in this article!

A recent study based on the Canadian Community Health Survey by Dr. John Cairney, associate professor of family medicine at McMaster University, revealed that the rate of mental illness (such as depression, anxiety, bipolar disorder) for single mothers was three times higher than that for married mothers.

This group’s higher rates of mental illness aren’t necessarily the result of being single. (Single mothers are, after all, a diverse group encompassing teens, divorced or never-married women and single professionals, so experiences vary.) Rather, the increased rates are a result of specific factors, including economic hardship, caregiver stress and lack of community support. But help is often available to manage or mitigate these issues.

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Top 10 Personal Finance Tips for Single Parents

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Being a single parent isn’t easy, but it can be easier. Lifehack.org provides a great article with tips to improve your financial situation.

The economy always works in cycles, and with these cycles our perceptions about money, how we should deal with it, and what our responsibilities are towards accurately informing our children about it also change.

A March 2012 survey suggests that more parents are talking with their kids regarding money. Parents are discussing with children what they need to understand about it in order to make more informed choices on money matters as they grow older.

The current generation of students, or those who are in the initial years of their careers, are deep in student debt. I believe that one can avoid student debt if parents play their finances a bit more safely and carefully craft the financial future of their kids. Parents, though, can sometimes be poor role models when it comes to managing money and teaching the same to their kids. However, even if you are a single parent with limited means, it is still possible to take stock of things and enforce good financial discipline to achieve a secure financial future for your whole family.

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Get Control of Your Kid Stuff with Consignment Stores

Your kids can be expensive. Especially with clothing because they grow up too darn fast. Thankfully, SimplyFrugal.ca has a handy article with some tips to keep kid costs down.

As a Mom of six kids, I rely on hand-me downs to stretch my budget. But sometimes an item doesnʼt get “worn out” enough by the time the last child has outgrown it.  And what about the oldest — where can I get hand-me-downs for her?  The solution: childrenʼs consignment stores!

Consignment stores are gold mines for the de-cluttering Mom.  Buy and sell all types of childrenʼs gear: clothing, toys, footwear, swings, strollers, high chairs, books, tapes — in other words, the works. They are an fantastic place to get barely used childrenʼs clothes, often with the tags still on, for a fraction of the price.

Consignment stores work by selling gently used items for you, and keeping a portion of the price (usually around half.) Unlike thrift stores, they pre-screen and organize all the merchandise into a shopper friendly format, making them a super go-to resource for the frugal parent.

Here are some tips to make your consignment shopping and selling, something youʼll be doing again and again.

Research your Store’s Policies

Before you bring your items in, either phone or drop by to see what your local storeʼs policies are. For some stores you need an appointment, and others are drop in. Find out if they pay you up front for the items they take, or after they sell. Most stores have a limit on the amount you can bring in at one time, and the type of items they will take, so check ahead to avoid aggravation and a wasted trip. (more…)

Top 3 Money Mistakes Couples Make

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Now money mistakes happen. Have you committed one of the big three?

http://ca.finance.yahoo.com/video/top-3-money-mistakes-couples-212620429.html

Update: The embedded video kept breaking so I replaced it with a link.

Thanks to Yahoo Finance and their #MoneyMinute, even though its actually 3 minutes.

Source: http://ca.finance.yahoo.com/video/top-3-money-mistakes-couples-212620429.html

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Three Personal Finance Tips For Soon To Be College Graduates

Scott Day of Michigan State University has 3 great finance tips for upcoming grads!

I just recently bumped into an old friend that I had not seen in a while. He has a “soon-to-be college graduate.”  We started talking about today’s tough job market, and he asked if I have any advice that I might be able to pass on in personal finances for this particular age demographic. I quickly put together a three-point elevator speech that could be explained by a concerned parent in a short period of time, and here are the highlights:

  1. Next time your soon-to-be graduate is at a book store getting a cup of coffee, meeting with a group of friends or studying, ask them to pick up a book or two on personal finances that is directed at their age. If they can buy it, great, but even if they skim through it for a half hour at a time, over time, this will get the ball rolling that will help them set themselves up or success in what might be a very stressful time in their lives. Since they are already in learning mode this would be just a little “value added” to a well-rounded college education. (more…)

5 Great Blogs That Will Help You Save Money

Our blog is great. We know that and you know that! But thanks to Canadian Living for finding 5 other awesome blogs that want to help you save money!

Pinching pennies is easy with great advice from these top Canadian money-saving blogs.

Bored with the celebrity blogs I normally read, one morning I had an idea that put dollar signs in my eyes. I would wean myself from these online temples of celebrity worship, and use the time to read money-saving blogs instead. One week later, I didn’t get rich, but I had a few hot leads on the best sales in my city, and some ideas under my hat that will help me cut expenses down the road. Cha-ching!

So what makes for a good money-saving blog? I asked the creator of one of my favourites, Bargainista, for her take on what makes her blog so popular. “My blog is about smart shopping and value,” says Toronto-based Eden Spodek. “Readers trust what my guest bloggers and I have to say,” she adds.

As someone who loves to read blogs, I’ll venture that regular, preferably daily posts and an entertaining or authoritative voice help make for a successful one, also. Without further delay, here are some great Canadian blogs to help you save money.

5 great money-saving blogs
Blog:
Smartcanucks.ca
Save on: Electronics, clothes, DVDs, groceries and sales tax. Plus you’ll find links to coupons, freebies and online bargains.
Bookmark it: This comprehensive blog features flyers from across Canada highlighting the biggest steals, not to mention myriad posts on in-store and online sales. In between these posts you’ll find funny asides, like Dear manufacturers of the world – Quit using these stupid paper stickers! – a pointed jab at the impossible-to-get-off stickers plastered over new goods like appliances. Other money-minded bloggers love this site, “I read this one regularly to find good deals,” says Spodek, who links to it on her blog.

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