Saving Strategies

Will a Mini-Split Heat Pump Save You Money? Our Results After the first Year!

By FT / February 9, 2020 /

In late 2018, we installed a mini-split heat pump for the purpose of reducing our electricity bill.  Around here in the most easterly parts of Canada, most of the houses use electric baseboard heating as the primary source of heating.  While baseboard heating is a lower cost option during installation, the operating costs can rack…

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Bond ETFs vs GICs vs High Interest Savings Accounts

Fixed Income Faceoff: Bond ETFs vs GICs vs High Interest Savings Accounts

By Kornel / December 2, 2019 /

For income-oriented Canadian investors the choice between a Bond ETF and a GIC or high interest savings account has become more important than ever.  With interest rates at historic lows (and not looking up any time soon) picking the best option for the “safe” part of our portfolio can make a substantial difference to the…

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maximize child canada benefit

Ways to Maximize the Canada Child Benefit (CCB)

By FT / May 13, 2019 /

After filing my income tax return in mid-April (yes, I tend to procrastinate), I noticed on the bottom of the screen the amount that we will receive for the Canada Child Benefit.  While we’ve been receiving this benefit since the Trudeau administration has been in power (2016), what really got me thinking is that we’ll…

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The Mini-Split Heat Pump Experiment – Will it Save You Money?

By FT / February 18, 2019 /

Way back in 2008, we completed a custom home that we still live in today.  In that same year, I wrote a post about my regrets of not going with a heat pump to save money on energy bills.  I’m not sure if you use electric heat where you are from, but if you do,…

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4 Ways to Get Your Credit Score (and Credit Report) for FREE

By FT / February 5, 2018 /

This post was originally written in 2016, but with new free products (see Borrowell below), and a friend asking about how to obtain credit scores, I thought there was value in updating this post. Credit cards and mortgages are a hot topic in the personal finance world.  Since both are essentially loans, credit issuers and…

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How to Save Money – 28 Ways to Save Money (2018)

By FT / September 15, 2017 /

I’ve written about my saving strategies and frugal living before, but I’ve decided to write an updated post in a numbered list format on how to save money and the various ways to save money on a day to day basis.  This post was inspired by similar posts on other blogs like CashMoneyLife. Included below are 25…

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7 Smart Ways to Spend your Tax Refund

By FT / May 15, 2017 /

This is a re-post but highly relevant.  Enjoy! As most people filed their tax return before the income tax deadline, it’s now a matter of waiting for that juicy tax return.  Most consider tax refunds to be “free money” that was unaccounted for.  And it’s true, you can do whatever you want with the money.  However, in…

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Save Money with USD to CAD Foreign Exchange using Norbert’s Gambit

By FT / November 17, 2016 /

With the U.S Dollar (USD) gaining strength in the global currency game, it has resulted in the Canadian Dollar (CAD) losing some ground.  While this means that shopping in USD is more expensive for Canadians, it’s great news for those who have some of their nest egg or generate income in USD. While it’s a…

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