Category Archives: Financial Literacy

The Law of Diminishing Returns

Diminishing Returns

You can never get enough of what you don’t need to make you happy. ~ Eric Hoffer Remember when you were a kid and you begged, pleaded with, and nagged your parents to buy you something for months on end? You wanted it so badly. It would solve all of your problems and provide you…

Buying a Car: Is It Wrong to Buy Foreign?

Failure is only the opportunity to begin again more intelligently. ~ Henry Ford Update: This article was featured in the Carnival of Money Stories – Starting a Sideline Edition posted at The Financial Blogger. Thanks! If only the government had followed the advice of Henry Ford when it came time to decide whether or not…

Financial Wisdom for Father’s Day

When I was a boy of fourteen, my father was so ignorant I could hardly stand to have the old man around. But when I got to be twenty-one, I was astonished at how much he had learned in seven years. ~ Mark Twain Update: This article was included in the Carnival of Personal Finance…

Which Is the Best Way to Save Money?

My problem lies in reconciling my gross habits with my net income. ~ Errol Flynn Update: This article was included in the Festival of Frugality: Summer Edition posted at Where’s My Rolling Pin? Thanks! I recently received a request from a doctoral student to fill out a short questionnaire on savings methods. The survey was…

TFSA Withdrawal Rules

The best things in life are nearest: Breath in your nostrils, light in your eyes, flowers at your feet, duties at your hand, the path of right just before you. Then do not grasp at the stars, but do life’s plain, common work as it comes, certain that daily duties and daily bread are the…

10 Ways to Save on Insurance

I believe that thrift is essential to well-ordered living. ~ John D. Rockefeller Updates: This post was chosen as the winner in the Best of Money Carnival #49 posted at Canadian Finance Blog. Thanks Tom! It was also included in the Carnival of Personal Finance #255 at Well Heeled. Recently, Canadian Capitalist wrote about Auto…

Financial Literacy Update #4

The world needs dreamers and the world needs doers. But above all, the world needs dreamers who do. ~ Sarah Ban Breathnach, Simple Abundance: A Daybook of Comfort and Joy As I mentioned in our last update, April is Financial Literacy Month in the United States. In Canada, the Task Force on Financial Literacy has been busy…

Financial Literacy Update #3

Success will never be a big step taken in the future. Success is a small step taken just now. ~ Jonatan Mårtensson It’s been a while since our last Financial Literacy Update, and there’s been a lot of activity on that front lately. For one thing, April is Financial Literacy month in the States, so…