Discuss Economics Blog » Personal Finances

Ten Ways to Save Money in a Recession

Ro Econ — Thu, 24 Nov 2011 15:45:38 +0000

The credit crunch in 2008 hit consumers and businesses alike hard. We can't really say we weren't expecting some form of downturn in the economy, but the magnitude and scale we've seen thus far, many would admit it's worse than expected. Despite all the negativity and doom and gloom surrounding us, are there things we [...]

Ten Ways to Save Money in a Recession is a post from: Discuss Economics Blog

Power of Attorney and your Loved Ones

Ro Econ — Tue, 11 Oct 2011 18:05:15 +0000

Imagine a time when your family must take care of aging relatives. Consider a sudden need to move to a smaller dwelling. To complicate matters one of the elderly relatives is suffering from very poor health. Here are some important tips about power of attorney and personal directive (mostly pertinent to Canada). The important decisions, [...]

Power of Attorney and your Loved Ones is a post from: Discuss Economics Blog

Life Insurance – Your Personal Finances and Human Capital

financewriter — Thu, 29 Sep 2011 22:05:09 +0000

A young married client had done some mental math and decided that the total of his life insurance premiums if he held the policy for the full term was a princely sum. He felt reluctant to part with that money and told me so. For the moment we can leave aside the truism that you [...]

Life Insurance – Your Personal Finances and Human Capital is a post from: Discuss Economics Blog

How To Avoid Financial Crisis

Ro Econ — Wed, 14 Sep 2011 16:09:05 +0000

Financial crisis seems to be the theme of the past five years. However, it is not impossible to avoid the type of money woes that seem to plague a lot of people. Whether you have just spent too much, have too much credit card debt, or sustained a job loss, there are ways to stay [...]

How To Avoid Financial Crisis is a post from: Discuss Economics Blog

Won’t Afford is Different Than Can’t Afford – Exercise in Financial Planning

Ro Econ — Wed, 20 Apr 2011 20:20:57 +0000

Are you in the habit of buying things that look nice and might give you some sense of joy? Do you find yourself struggling to meet larger financial goals? Maybe you struggle with the age old dilemma of needs vs. wants. Here are a couple of stories on how to approach financial decision making. The [...]

Won’t Afford is Different Than Can’t Afford – Exercise in Financial Planning is a post from: Discuss Economics Blog

How Are Your Financial Muscles? Fit or Flabby?

Ro Econ — Thu, 13 Jan 2011 21:11:23 +0000

Have you ever started a serious fitness program that involved one on one sessions with a personal trainer? Usually you'll end up tracking habits you never tracked before which can be quite the eye opener. If you have a competent trainer they won't lecture but merely use a matter of fact tone of voice and [...]

How Are Your Financial Muscles? Fit or Flabby? is a post from: Discuss Economics Blog

Top Ten Decisions for Your Personal Finances in 2011

Ro Econ — Sat, 01 Jan 2011 13:37:02 +0000

Well here we are in 2011 already. December and the Christmas season whizzed by, but along came the credit card debt for all the gift buying done. When it comes to your finances let's start 2011 on a positive note--let's approach our personal finances with a different take on the list of New Yearâ€™s resolutions. [...]

Top Ten Decisions for Your Personal Finances in 2011 is a post from: Discuss Economics Blog

How HST Impacts Your Invesments

financewriter — Mon, 11 Oct 2010 12:23:01 +0000

Of Government Shenanigans and Other Soggy Summer Happenings Here's a story about a dude named Dennis who had had a busy summer. To start, a few random financial tidbits he discovered. In one survey of Canadians aged 35-44 90% agreed that it was important to have a financial plan in place at age 35. How [...]

How HST Impacts Your Invesments is a post from: Discuss Economics Blog

Maintenance Mechanics and the Numbers Game – Achieve Financial Milestones

financewriter — Mon, 06 Sep 2010 12:42:31 +0000

Just this month one of my clients, a couple with 2 teens, achieved a milestone in their finances. They paid off their mortgage. Their original amortization was 25 years but 11 years after purchasing their house they are now proud OWNERS and can tell their bank to take a hike. With good reason too. When [...]

Maintenance Mechanics and the Numbers Game – Achieve Financial Milestones is a post from: Discuss Economics Blog

Intermediation: Matching savers to borrowers

Ro Econ — Sat, 24 Jul 2010 14:00:36 +0000

Financial Intermediation generally consists of the following players: - Savers- Surplus sectors of economy (typically households) - Borrowers - Deficit sectors of the economy (non-savers) - Economy as whole; borrowers borrow what savers save: SAVINGS = INVESTMENT - Financial assets held by savers must always equal borrowers liabilities. - Financial Intermediaries (Banks, investment firms, or [...]

Intermediation: Matching savers to borrowers is a post from: Discuss Economics Blog