#personalfinances

Seven (7) money questions I received over the summer

This summer was a busy one at Pamela George Financial Literacy Inc. (PGFL). This summer, I received more Facebook and email questions than I have received for all of the first half of 2021. I welcome these questions, as most times it is usually the beginning of more questions and a more in- depth conversation …

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Should you rent or should you own: What’s right for you?

Should you rent or should you own: What's right for you?

Did you grow up with the impression that owning a home was the best investment you could make for your future? That owning a home somehow meant you had made it as a successful adult? Hopefully, you haven’t felt pressure to own a home, but the unfortunate reality is, most of us have. Over the …

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How to afford that luxury item

How to afford that luxury item

Have you ever told yourself that you can’t afford a luxury item, only to purchase so many cheap, knock-off alternatives you don’t truly love, that it would have been better to have saved and purchased the luxury item? This is a common mistake I see in my financial counselling. We think that we’re doing our …

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Having separate bank accounts is not a bad thing

Do you have negative connotations associated with the idea of keeping separate accounts to manage your money in a relationship? Society promotes a lot of misconceptions regarding how you should manage your finances when in a relationship. Unfortunately, that means many people feel pressured to conform to certain “rules” that promise to lead to a …

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22 money things to talk about with your partner

I spoke about this on CBC Radio – Ontario Today with Rita Celli listen here.   Did you know that it costs approximately $243,660 (CAD) to raise a child to age 18 (excluding inflation costs)? Now this is the kind of thing couples need to chat about. If you’re in a serious relationship or engaged …

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How to set a budget that aligns with your values

Often, when people hear the word budget, they associate it with restriction. I know because I hear this from my clients all the time! The word “budget” has a bad reputation so, I understand the inclination to shy away from it. But the reality is that budgeting doesn’t need to feel restrictive at all! In …

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13 Ways to protect yourself from online identity fraud

We are a few months into this Covid-19 lockdown and for a lot of us, whether we are choosing to buy local or not, we have no choice but to buy or place our orders online – from food to medication, to clothing, we can do it all online. With this rise in online shopping, …

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