Part 2: How to calculate how much annual income you’ll need. Take a moment to review your estimated retirement expense budget. Have you included needs, wants and lifestyle expectations? Have you included large items such as vehicle replacement or home maintenance? Once you’ve included them, calculate the total annual amount. (Note that this is an […]

How much do you think you’ll need to retire? That depends on a couple things. What kind of lifestyle do you want? What will it cost?

This is a big question and whether you’ve started to save for your retirement or not, the mere thought of it can cause anxiety. Next week Dear Piggy Bank will explore this topic and provide some useful tips to make informed decisions and get started including how to calculate what you will need, determine what […]

I thought we might finish the holiday season under budget this year. Realistically we will be $200 over budget. We can deal with that. Especially since January is generally more low key. It can be a challenge repaying the holiday bills at the same time as your paycheck decreases (those pesky EI and CPP deductions […]

Dear Piggy Bank has been in the limelight. Yoyomama: Family Financial Planning Basics – An interview http://www.yoyomama.ca/2011/01/new-years-financial-resolutions/ and case study http://blog.yoyomama.ca/2011/01/dear-piggybank/. Yoyomama – keeping mums on-the-go in the know. 24H Daily Paper – Vancouver: Household Money Management Plan – A snapshot article January 11, 2011 under Yoyomama’s column. http://vancouver.24hrs.ca/PDF/2007/10/10/daily0111web.pdf Enterprising Mom’s Network (EMN) Monthly Newsletter: […]

Managing your finances doesn’t need to be complicated or take a lot of time. Here are some tips and tricks to make money management easier.

It’s easy to say but how do you do it? Short term versus long term objectives, money for this but not enough for that too…these are common questions and challenges. The first step is to identify your goals. What do you want and what will it cost? When do you want it? It’s easiest if […]

Happy New Year! The holiday season is barely over but it’s not too soon to think about the 2011 holiday season! This is a great time to do a couple things to set yourself up for next year’s holiday season.