Tag Archives: Goldengirlfinance.ca

Small Indulgences: Why Raising Kids Is Costing More Than It Should

Flickr/Yelnoc

Flickr/Yelnoc

In 2011, MoneySense magazine estimated the total cost of raising a kid in Canada: $243,660. That amounts to a cost of about $1.45 for every hour of your child’s life. Fortunately, many parenting experts are saying that some of the things parents are paying for these days aren’t necessary – and many are just plain over-the-top. Find out what kinds of expenses raising a child now commands and why in some cases, it might pay for parents (and kids) to go without in my new post on GoldenGirlFinance.com.

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Bye Bye Buy and Hold? The Case for More Active Portfolio Management

Fybrid Photos © Marta Rybak

Fybrid Photos © Marta Rybak

Even for experienced investors, active trading can be a tough sell. Too often, we assume it means hours in front of a computer screen every day, monitoring stocks for a profitable movement.  And it can (and does) mean that – at least for some people. Fortunately, there are many shades of gray between die-hard buy-and-hold and fast-paced day trading. One of those shades might be called active asset allocation, and while it requires keeping a trained eye on the markets, it doesn’t have to become a full-time job…which is a good thing, because most of us already have one of those!

Interested in learning more about how to get active in your portfolio? We talked to Larry Berman, an experienced technical analyst and co-founder of ETF Capital Management and the Independent Investor Institute. Check it out in my new article on GoldenGirlFinance.com.

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6 Money Lessons You Can Learn From the Movies

Source: Twentieth Century Fox

Source: Twentieth Century Fox

Whether you go to the movies on a date, as an escape or just for the popcorn, you probably aren’t looking for a life lesson. But that doesn’t mean you can’t learn a thing or two. Indeed, if there’s any topic that’ll grab people by the heartstrings, it’s a story about men and women who follow their hearts and, along the way, discover what’s really important in life.

Yes, love and family are right up there, but we’re talking about money. In fact, money – or the pursuit of money – is the driving force in more than a few movies. So, what do some classic movies have to teach us about money and finance?  Find out in my new post on GoldenGirlFinance.com.

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4 Things Fools Overlook in the Home-Buying Process

Flickr/gnatallica

Flickr/gnatallica

Wise men say only fools rush in. Actually, Elvis said that. He was referring to love, but he could have been talking about real estate (he did have a seriously sweet pad). But contrary to wise words, buying a home often does happen in a bit of a rush. And here’s where the problem lies…

Real estate transactions are more complicated than they seem. Worse, most homebuyers understand a lot less than they think they do. With this in mind, before you rush into spending hundreds of thousands of your hard-earned dollars, check out a few of the crucial things homebuyers often just don’t understand in my new post on GoldenGirlFinance.com.

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Why Student Debt Is a Bigger Deal Than You Think

Flickr/Facing Student Loans

Flickr/Facing Student Loans

Many students entering university find it hard to imagine paying for their education without taking on a little debt. After all, minimum-wage paycheques just don’t go that far, especially for students who don’t get much help from their parents. As a result, about 60 percent of students take on debt, many without a sober second thought.

Maybe they see their degrees as an investment they can afford to make (or envision a lot of dollar bills in their future to help them pay the debt off).  The result is that the average graduate hits the workforce about $27,000 in the red. But while student loans are easy to come by, they aren’t nearly as harmless as they seem.

Find out why student debt is a big deal in my new post on GoldenGirlFinance.com.

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Are You House Poor?

Flickr/brytown

Flickr/brytown

Buying a home of your own is a beautiful thing, but there’s one important caveat: you have to be able to afford it. And we mean really afford it. Too many homeowners fail to fully grasp what that means, signing on to a mortgage that’ll leave them house poor without even knowing it.

So what about you? Do you know what house poor looks like? Find out in my new article on GoldenGirlFinance.com.

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Liz Claman: Behind the Scenes at Berkshire Hathaway’s Annual Shareholder Meeting

Flickr/Fortune Live Media

Flickr/Fortune Live Media

Last month, we chatted with  Emmy Award-winning journalist and FOX Business Network anchor Liz Claman about Warren Buffett – the unparalleled stock picker she’s had the privilege of interviewing more than 27 times in her career. In the first week of May, Claman attended the annual shareholder meeting for Berkshire Hathaway, the uber-profitable holding company Buffett still heads at the age of 82. This is a shareholder meeting unlike any other – an investor-palooza of sorts, complete with Buffett emblazoned souvenirs and more than 35,000 Buffett fans, top CEOs and even celebrities.

Claman got to spend the weekend in Omaha, Nebraska, catching up with Buffett and several other business leaders from around the country. And while she’s attended many of Berkshire’s annual meetings, this year she found something that had been missing for a few years: optimism. Read more in my new article on GoldenGirlFinance.com.

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Looking at Bankruptcy Statistics: How Do You Compare?

Flickr/eye /see

Flickr/eye /see

In 2012, 122,999 Canadians filed for bankruptcy.  If you’ve never filed for bankruptcy, you might assume that these particular Canadians are not at all like you. You’d be wrong. A recent survey of more than 7,000 bankruptcy filings by bankruptcy trustees Hoyes, Michalos & Associates Inc. uncovered some key statistics about those who file for bankruptcy. The reality is that many Canadians have many of the same habits.  If something unexpected were to occur to shake their financial stability, they too could let things spiral out of control.

Want to see how you compare? Check out the figures that show where many bankrupt Canadians went wrong in my new article on GoldenGirlFinance.com.

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5 Things You’re Paying Too Much For (and One You Probably Aren’t)

Flickr/Diego3336

Flickr/Diego3336

We all know we should be saving money, but sometimes it seems like the retail world is working against us.

All the beautiful goods out there are designed to pull on our very heartstrings (pursestrings!) and make us feel not just that we want them, but that somehow, we can’t live without them. The reality, however, is that we often end up paying way too much for things that really only satisfy our desire for acquisition for a very short time, if at all. Check out some of the things that many of us pay way too much for – and the one thing we expect to get for way too little. Read more in my new article on GoldenGirlFinance.com.

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The Crucial Element of Home Renovations You’re Forgetting

Flickr/sunfrog1

Flickr/sunfrog1

Home renovations rarely go as planned. The job always takes longer, costs more and makes you waaay crazier than your HGTV-fueled dreams can ever account for. Maybe that explains why, according to a recent TD poll, many homeowners forget one very important thing. No, we’re not talking about the latest fixtures or low VOC paint. What most of us are actually forgetting is how renovations will affect our home insurance policy.

Research from TD Insurance found that only 6 percent of homeowners checked their policies before pulling out their tool kits. Unfortunately, this means you may be putting yourself at risk if you have to file an insurance claim. So, in honor of renovation season, let’s take a look at some of the insurance issues homeowners should be aware of – and what can go wrong if you get too focused on design and forget about the bottom line. Read more in my new post on GoldenGirlFinance.com.

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