the top 5 money mistakes canadians make and how to avoid them

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Money is a sensitive subject for many of us. No matter how much money people have, it can be a source of stress and anxiety. If you struggle to manage your money, it’s essential to take action sooner rather than later. Money mistakes can lead to financial instability, which can negatively affect other areas of your life. But with the proper knowledge, you can avoid these common pitfalls when dealing with money. Read on to learn more about Canadians’ top money mistakes and how to avoid them.

No Financial Plan

Financial planning is about more than just setting a goal for how much money you want in the bank in five years. The first and most important financial planning step is creating a financial plan. If you don’t have a financial plan, you cannot know how much money you should be saving each month or how much you should be investing. 

Knowing where your money goes is an essential first step in financial planning. It’s also about figuring out how you’re going to get there. You can start by creating a spending journal to find areas where you can cut back on spending. If you’re unsure where to start, you can talk to a financial advisor or use online tools to guide you through the process. 

After you have a better idea of your spending, you can create a budget, keep track of your savings, and start to make financial decisions that will enable you to reach your goals.

No Emergency Savings

What constitutes a financial emergency? Nearly 40% of Canadians say their bank accounts cannot deal with a financial emergency. This can be anything above your regular outgoings, and for any Canadians living paycheck to paycheck, this can be debilitating. Financial emergencies can mean different things to different people, from having to find money in the event of an unexcepted death and needing to pay for a funeral or casket from Memorials.com to having your car break down and being unable to get to work without a vehicle.

An emergency fund can hope you mitigate the costs of some of these issues by giving you a financial buffer when things go wrong. Start by putting a small but manageable amount into your monthly savings, and then watch it build over time until you need it.

Taking On Too Much Debt

While it’s great to have ambition, you also need to be smart about the amount of debt you take on. If you’re taking on too much debt, there’s a good chance you’ll have financial difficulties later on. This can severely affect your finances, mental health, and relationships. Some forms of debt are worse than others. 

For example, you should try to avoid using credit cards. Credit cards are easy to abuse, and they often end in financial trouble. Take a look at your earnings and what debt you have accumulated, and start planning to have it all paid off sooner rather than later. You can look into professional debt advice or take on many popular debt challenges to help you pay off your debts as fast as possible. This includes loans, credit card mortgages, and car finance.

Not Having Insurance

Having the correct type of insurance coverage can help protect your financial future. For example, health insurance can cover medical costs not covered by provincial health care plans, such as doctor’s visits or hospitalization. Disability insurance can help replace a portion of your income if you cannot work due to injury or illness. Car insurance can protect you from financial responsibility if you cause an accident. Not having insurance coverage can lead to missed savings goals, such as not being able to save as much for retirement due to high health care costs and missed investment opportunities. Many of these things are difficult or impossible to pay out-of-pocket, which can strain your finances. If you aren’t sure which insurance coverage you need, speak with a financial advisor.

Not Preparing For Retirement

Retirement planning is something that should start as soon as possible. While the right financial approach can help you reach your retirement goals, many people aren’t doing enough to prepare for retirement. According to one survey, more than half of Canadian workers are not saving enough for retirement, and less than half have a financial plan. Many people don’t start saving for retirement until they’re in their 40s or 50s, making reaching your retirement goals even more difficult. Retirement planning is not something that should be skipped or ignored. There are ways to catch up if you struggle to reach your retirement goals. Setting up an automatic retirement plan, such as an RRSP or a 401(k) plan, can help you save regularly for retirement.

Spending More Than You Earn

It’s difficult to avoid overspending. This is something that almost all people do at some point. Many people turn to credit to make up the difference between what they earn and what they spend. And for many people, it’s a slippery slope from occasionally taking out a loan or a credit card to relying on debt for everyday expenses. This can lead to financial problems, missed savings goals, and other money mistakes. The first step to avoiding overspending is to create a budget. A budget can help you visualize your income and expenses and make it easier to spot areas where you’re spending too much. Many budgeting apps can make the process more manageable if you’re having trouble creating a budget.

Conclusion

There are plenty of ways to make money, but not all are good ideas. Investing in yourself and your skills is the best way to make money. This will enable you to charge higher rates for your services or create products with higher value. If you struggle with money, take a step back and examine where you may be making mistakes. Once you become aware of your spending and saving habits, it’s easier to correct them. Once you’ve corrected these money mistakes, you’ll be better positioned to start making money the way you want.

** This was a contributed post.

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9 months old


Beau Emmanuelle is 9 months old (and some change, because third baby and moving amiright?). It has been nearly 18 months of her growing both on the inside and outside of me.

So what has changed over these last few weeks? A LOT!


She now:

– crawls!

– walks along furniture

– does hand signals when asked (claps, waves, lifts arms in the air)

– plays peekaboo

– dances to all music

– has pretty much said her first word a couple of times, “mama” 💛💛


How is it that every month she learns more and more? She still manages to amaze me.

Have a lovely week! Hope you are enjoying all things back-to-school.


Emory

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life lessons to teach your kids

Every parent wants to see their child succeed in life and flourish in everything they do. However, amid the difficult times of today, surviving is not simple. To ensure that their children are capable of handling all the challenges, setbacks, and conflicts that life may present, parents must adequately prepare their children. In order for their children to grow up to be fully capable of managing their affairs with confidence, even without the active help of parents later in life, parents can use their own priceless experience and knowledge to convey some significant life lessons to their children. It may be vital to impart life lessons to youngsters in order to prepare them for facing the world with strength and wisdom.

Honesty 

The best method to teach your child, to be honest, maybe by setting an example for them in your own behaviour. Typically, kids learn from their parents. Therefore, it is crucial to attempt to avoid any form of dishonesty, no matter how minor or innocent. For instance, you might instruct your child to keep your ice cream date a secret from your father. However, the youngster might learn that it is appropriate to keep things from those who are close to her. Additionally, let your child hear you make sincere references to other people. Try not to retaliate too strongly if you discover your child is lying. Instead, gently explain the repercussions of lying and prod your child to accept responsibility for his actions.

Good Behaviour 

Parents might want to start teaching their children manners as early as possible. You may raise your child’s social IQ and help him become a nicer, more loving person by teaching him good manners. When interacting with your youngster, you can find it helpful to frequently use words like “please” and “thank you.” Make sure to conduct oneself properly because children learn more from watching an adult in action. Your child may be more likely to adopt good manners and make them a permanent part of his life if you model them for him consistently and often.

Selections of Healthy Food 

Parents can teach their kids the value of maintaining a healthy lifestyle and eating properly. Motivating them to choose nutritious foods may not only contribute to their well-being but also ensure that they live a life free from illnesses and other health problems. By providing nourishing meals starting in their early years and favouring nourishing foods for yourself, you may teach your children to develop healthy eating habits.

Respect 

The development of a number of other character qualities depends on respect. Being a good human being requires having respect for oneself, one’s elders, other people, and authorities. Respecting others fosters a sense of self-worth and empathy for others. Children may learn how to live in harmony and accept others for who they are, regardless of their caste, creed, or religion. If there is basic human respect, important traits like cleanliness, compliance, self-control, kindness, and determination may follow.

Gracefully Lose 

There may be numerous depressing circumstances in life. It can be difficult to deal with accepting failure. Parents can want to teach their kids how to lose or win gracefully and to be better at sports. They could be motivated to accept setbacks graciously and see lessons to be learned from them. Children who actively participate in sports and gain positive experiences of both success and failure on the field may be better prepared to handle disappointments in life.

Responsibility 

Children may gain a lot by being taught responsibility. Instilling responsibility in children may be compared to imparting them important life skills. Parents can provide a good example for their children by acting responsibly and accepting the results of their actions. It might aid in the youngsters’ growth of a positive work ethic and a sense of pride in their accomplishments.

Gratitude and Forgiveness 

Gradually instil in your child the importance of lending a hand wherever possible. Simple activities like helping to water the plants, carrying a bag of groceries for an elderly neighbour, or giving someone directions are examples of small acts of kindness. The ideals of kindness and compassion may be promoted by encouraging individuals to take care of others and giving priority to their needs. Encourage your child to experience forgiveness for other people. Being able to forgive people is crucial for mental stability and overall happiness.

Making Learning Fun 

Provide your child with opportunities so that he might grow to love studying. Discover his passion with him, and then encourage him to pursue it. It might inspire your child to develop both existing knowledge and abilities and to pick up new ones. Regularly learning new things may give individuals greater self-assurance, boost their self-esteem, and increase their openness to learning from experiences in real life. Helping them with homework and getting things like division worksheets will encourage them with school work too.

Give Priority To The People You Love 

Would all the time and energy you have invested in life ultimately be worthwhile if it weren’t for your loved ones? If being alone meant you could have any material possession you wanted, would you be happy with that? There’s a good chance that you wouldn’t choose solitude. One of the most fragile yet fulfilling feelings you may feel is unconditional love for your family, spouse, children, and close friends. You should always put the people you love first if you want to be happy in your life and have a purpose.

Chase happiness and adventure, not people or things

Our kids are susceptible to being easily seduced by the newest technology, stylish accessories, or popular trends in a materialistic environment. Social media accessibility among younger children can quickly damage children’s sense of self and confidence. Through exploration and discovery, children can learn early on about their own values, which can be a strong tool for fostering positive perspectives. Overall contentment is possible when kids understand that pursuing people and things is pointless in the great scheme of things but making memories and learning is invaluable.

You only have control over your response; not what other people do

You can never control what other people do; you can only control how you react is another crucial life lesson to instil in your child at a young age. So many of us struggle to relinquish control when others or circumstances don’t go our way. But it’s crucial to be conscious of your own behaviour without compromising your own principles or condoning abuse. It’s a terrific talent to be able to appraise a scenario while being conscious of your thought processes and biological, emotional, and mental reactions. As long as you start teaching your children this talent at a young age, they will be able to practise it until it is almost perfect.

Failure is a sign that you were brave enough to try

How precisely can failure be measured? Does that imply that you tried something new and failed? Is it trying to finish a task but encountering opposition or rejection? What does failing as a parent mean to you? The word failure instantly demoralises both adults and kids. But in order to grow or advance in our life, we must all experience failure. As parents, we are aware of how crucial it is to inspire our kids to take risks and try new things. A child might try new things like riding a bike or starting school for the first time. Don’t let your child be afraid of failing.

** This was a contributed post.

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we sold our acreage

If you read the title I’m sure you can infer what this post will be about. This summer we decided to list and sell our acreage.

This was an incredibly hard decision to come to. We never thought that we would be moving after only 3.5 years of living here. We were so content in this specific home and in this specific part of the province. We truly loved what our acreage inevitably became, and saw the potential for future growth.

When we first moved in, everything was red, dark, marked up, and just forgotten about as a whole. We painted and puttied and renovated like mad. Slowly, room by room, this house opened up; becoming brighter, functional, and more beautiful with every remodel. It became a reflection of us and where we who we were as a family unit.

It all began with a video tour. From there, we added fenced gardens, refreshed our master bedroom, the kid’s closet, guest room, playhouse, culverts, jungle gym, Wilder’s bedroom, exterior doors, basement bathroom, basement family room, dog run, living room, Wilder + Beau’s bedroom, entry + laundry room, and finally two bathrooms. What you didn’t see was our kitchen (see above) and hallway renovations.

So why are we moving?

We spent 4 anniversaries within these walls and welcomed another baby. While we did have setbacks (because that is just life), it was mostly only happy memories. I will never forget our daily walks to the park down the dirt roads, or the beautiful star-filled clear nights, or the quietness, or how we spend all day everyday outside in the summer, or seeing our dogs run in our big yard, or our nice neighbours, or the wheat fields that surround our property, or the easy flow of our house, or the freeing nature that just comes with living away from everyone and being in your own paradise. Everyone who came out here would exit their vehicle, stand in the driveway, and say “you’ve got a little slice of heaven out here, don’t you?”

Yes, we did.

So goodbye, little acreage. We will always miss you.

Emory

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picnic in the park: top tips for packing the perfect al-fresco feast

There is not a single foolproof method for planning the ideal picnic. The decisions you must make depend on a variety of factors, including the weather, the number of guests, the budget, and even dietary restrictions.

Because of this, you must make advanced plans, which is why we have created this manual. Continue reading to organise the ideal picnic for the summer of 2022.

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How many people will attend your picnic and how big will it be?

It is remarkable how little thought is given to figuring out how many people will likely attend a picnic. This apparently unimportant component, however, has an impact on a number of other elements of the picnic. You should make a preliminary list of attendees and note any special requirements they might have.

Of course, this requires little to no preparation if it is a casual picnic with your kids or a romantic one with your lover, but anything else will need some serious thought.

People who are limited in their ability to move, for instance, may require a more careful location selection. Will there be children present? You must come up with a plan to keep them occupied and provide a bathroom nearby. Dogs, are they coming? Is the location appropriate for them? These can appear unimportant, yet they have the power to make or break a picnic.

Do you have everything you will need for a productive picnic?

For a picnic, all you need is food and a space to eat outside. However, when you mention a picnic, our minds automatically picture picture-perfect meals. No, you will need to put in a little more effort if you want the ideal picnic. You should stock up on the necessary supplies to make planning and enjoying your picnic even easier.

You might require, among other things, the following:

  • a backpack or picnic basket
  • Plates and Serving Platters
  • Cooler Blankets
  • garbage bags, tissues, and napkins

As you can see, creating the ideal picnic does not require a lot of specialist equipment. When you have things stored away in your basement or garage, it is simple to go on a picnic whenever the mood strikes, and you can pick up food supplies on route.

What food items are you bringing with you on your picnic?

If you get this incorrect, all else you have done will have been in vain. Nearly everything else is optional, but if the meal is bad, the picnic is over. The only restriction on the foods you can bring is your creativity. You may organise it around a specific cuisine, select time-tested favourites, or try something new. As a general rule, choose finger foods that are simple to eat, travel well, and do not make a lot of mess because handwashing facilities can be few. For instance, amazing cookies, chips and dips, freshly cut fruit, and lovely cucumber sandwiches are all ideal. If you have got time, why not give making a homemade quiche a go, or some easy scotch eggs? Who doesn’t love those on a picnic?

Remember to bring drinks.

Which beverages to bring will depend on how well you know your picnic visitors. You will frequently find yourself taking romantic picnics or outings with a select group of your closest friends and family members. As a result, you may fill your cooler with drinks based on educated assumptions about what the other party likes to drink. Tea or coffee lovers, people who enjoy soda or fruit juice, or maybe people who prefer a heavier beverage. Bring extra sodas, fruit juices, and water to occasions because everyone will enjoy these beverages.

Entertainment

Some people only require entertainment in the form of time spent eating outdoors with family and friends, but others, especially youngsters, want additional entertainment.

A little music is never a bad idea. Nowadays, cell phones are ubiquitous, and they may easily be connected to wireless speakers by USB or Bluetooth. Just be cautious not to bother people with loud or inappropriate music and be mindful of your surroundings.

No matter how old the guests are, card games, straightforward board games, and outside toys like frisbees, kites, and balls always go down well. Show us an adult who is able to avoid playing cards or attempting to fly a kite!

Tidying up

It is a pretty simple one, this one. You have enjoyed the ideal picnic since the people who came before you were considerate enough to clean up after themselves. As a result, try to leave the area in a better condition than you found it.

** This was a contributed post.

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