3 Financial Habits to Stick to When Your Time is Limited
Throughout my journey towards financial independence, I’ve made a deliberate effort to stick to good financial habits. Nonetheless, like it happens to everyone, there have been periods in my life when my time was more limited and I simply couldn’t keep up with it all. As I work with my coaching clients over a four […]
Simple ways to stick to good money habits
Ever find yourself with a great plan to pay down debt or increase your savings but after a good couple of weeks of making progress, your old habits kick in and you start sabotaging yourself? Pursuing any financial goals requires good money habits and the discipline to keep up with these consistently through time. Even […]
A Simple Bare-Bones Budget
In the uncertainty of the current times, I’ve been so grateful that we have been tracking our expenses so diligently since at least 2014. Thanks to this habit, we have a pretty good idea of a simple bare-bones budget that we could implement by reducing certain expenses that we consider as discretionary expenses should we […]
Planning : A Helpful Tool to Reach your Goals
Life as a parent is often hectic, busy and messy yet filled with love. In such circumstances, it can easily get difficult to stay motivated to reach your goals. It seems there is always something to do, a subject to be researched, a toy to be found, a snack to be prepared, and quite honestly, […]
Why we Paid off our Mortgage Quickly
A recurring debate in the personal finance world is the choice between paying off a mortgage vs investing in the market. The Modests Millionaires are of the point of view that, statistically speaking, investing in the market is financially more beneficial in the long run. However many psychological benefits of paying off your mortgage quickly convinced […]
How we Paid Off our Mortgage in 4 years
When we purchased our house in 2013, our plan was to pay off our mortgage in 5 years for the many reasons detailed out in our Why we decided to pay off our mortgage quickly post. We took many steps to achieve this goal and surpassed it by a full year when we made our final mortgage […]
The Importance of Understanding Your Income Tax Return
Spring is finally here, birds are singing, the snow is melting and the deadline to file our income tax return is almost upon us! I have a feeling that not many take pleasure in preparing their income tax return, even for myself, despite being a person who likes playing with numbers, I find that preparing […]
Enjoying the Present on the Way to Financial Independence
Considering my focus on reaching financial independence, some might think that I would be the type to sacrifice in extreme ways to reach that goal. Let me assure you that our family’s level of savings and spending feels completely comfortable to us. We simply find happiness in a lifestyle with a level of spending that […]
RRSP VS TFSA
The difference between RRSPs and TFSAs, which are two types of Canadian Registered Accounts for holding savings and investment assets, is a subject that is both simple and complex. The reality is that lots of important factors must be considered when it is time to decide which medium to use over the other depending on […]
Establish a Realistic Budget by Tracking your Expenses
When you establish a realistic budget, you increase your control over your finances and your ability to reach any financial objective. Whether it be to reach financial independence like us, get rid of debt or to save for a specific expense like a trip, down payment or other, your budget will help you determine how […]
