Financial Solutions

Cash Envelopes For Couples

January 21st, 2012

Using cash envelopes can be a huge financial blessing for singles and couples. Many people steer clear because theyre unsure how to make them work in their relationship.

Here are 4 great tips to help you get started. My goal is to get you to use them because they have saved us money, time, and financial stress for years.

You can argue cash envelopes wont work for you but until you try it your point is moot. Keep an open mind, listen to our experience, and consider the benefits to your financial health.

To show how cash envelopes save money I considered pointing to some Ivy League study, but Ill keep it existential since its what I know.

Using cash sets limits in each category. When the money in each category is gone, its gone. Y

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Tags: Cash Envelopes, Couples

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Comparing Currency-Hedged and Unhedged Holdings

January 18th, 2012

In the past couple of updates on the performance of currency-neutral funds, we found that these funds do not quite live up to the expectation of removing the effects of currency fluctuations for a modest cost. Instead the currency-neutral funds show a performance lag ranging from 2.33% for the iShares SP 500 CAD-Hedged ETF (TSX: XSP) to 1.30% for the iShares MSCI EAFE CAD-Hedged ETF (TSX: XIN) (See posts Performance of Currency-Neutral SP 500 Index Funds and Performance of Currency-Neutral MSCI EAFE Index Fund).

Reader Cal wondered how the lag would affect an investor who wants to invest $10,000 in US stocks and has the option of simply picking XSP versus converting to US dollars, buying IVV and after 25 years converting back to Canadian dollars.

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How to Resolve mistakes in your CIBIL credit report ?

January 8th, 2012

Did you come across many errors and mistakes while checking your CIBIL report status? Are you wondering how to clear yourself out of CIBIL defaulter list? In this article you will see what can be done to correct your CIBIL report. Firstly let’s understand the type of errors that can be on your CIBIL report. Before that, the first thing you need to do , apply for your CIBIL Credit Report Online

1. Error in your CIBIL Credit Report Account Details

Banks keep on updating CIBIL about your credit behaviour on monthly basis. So, at the time of entering some data, it might happen that some human error happens. Even though these are human mistakes, still they are responsible and correctly blamed for a lot of complaints. L

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Tags: Report

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Look Out—It’s Holiday Bonus Time

January 2nd, 2012

If you got a bonus from your employer this holiday season, congratulations you lucky dog! Now—what to do with that $25, $100 or more burning a hole in your pocket? For most of us, it’s tempting to head down to the mall or online and start buying. And you can and should have fun with an expected windfall. The question is, how much of it should you spend on fun? Here are a few things to think about:

• How much are we talking? If your bonus is in the $20 to $50 range, you probably won’t be able to make a big dent in your debt or savings, so why not do something that will make you happy? The trick is purchasing something that aligns with your values. If art is your priority, maybe it will go toward a new brush or paints. If trav

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Tags: Bonus, Bonus Time

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