It’s time again for a monthly net worth update – The March 2007 edition. Not many changes this month, just a slight increase in net worth due to savings. The market drop during the end of February reduced my portfolio by about 3%, but it has since regained most of it’s losses. Assets Cash: $4,500…

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It’s been a while since I’ve posted a money saving strategy, this time around we’re going to discuss how to save money on the dreaded auto insurance! I’ve been utilizing these tips below when insuring my home and our two vehicles. Increase Your Deductible The deductible is the amount of the claim that you are…

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How do you find the balance between living life and saving money? With this blog about saving money and increasing my net worth, it’s easy for me to get carried away and stop spending money on things that are enjoyable in life. For example, when my wife mentioned that she wanted to go on a…

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Finally, one of the big banks has started a high interest savings account that is competitive with other financial institutions like PC Financial. RBC has introduced their High Interest eSavings Account that currently pays out 4% interest / year. If you look at the details below, this account will work out great for those of…

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Well, perhaps not disappointing to all, but disappointing to me! I was really expecting a capital gains tax reduction or a capital gains tax exemption up to a certain limit. Ah well, I guess we can’t win them all. Not all is gloom as there were some bright spots in the budget. Here are some…

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I did a retirement scenario after reading “Why Swim with the Sharks“, now after reading “Stop Working: Here’s how you can!“, I’m going to do another analysis based on the CASH FLOW model like Derek Foster has implemented at the young age of 32. Based on my Retiring Early article – The Expenses, I determined…

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Continuing on from yesterday’s discussion on the Charitable Donation Tax advantages and how it works, I’ll now move onto some of the strategies that I’ve come across to maximize the tax credit. Tax Strategies Some of you may be just starting out on your charitable giving pursuit and donating less than $200/year. Here are some…

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