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What Is A Sinking Fund?

what is a sinking fund

I’ll be honest with you. I didn’t know what a sinking fund was until last year. The term sinking fund was something I’d never heard of before and I talk about saving money every day. The shame. But like anything in life, we don’t know, what we don’t know and every day is an opportunity […]

5 Money Tips For Your 20s & 30s

5 money tips for your 20s and 30s

Most of us don’t learn about personal finance in school. And many of us aren’t taught significant or positive money lessons from our parents. Often we follow a similar path, doing similar things the way they did. But don’t get me wrong, it’s not their fault. Nor is it yours. That’s just the way things […]

Should I pay down my mortgage or invest?

pay down mortgage or invest

One of the most popular questions I receive from readers, friends and family is whether you should pay down your mortgage or invest the money instead. This usually comes after unexpectedly receiving some additional money outside of what they would normally have, such as receiving an inheritance or a workplace bonus. The answer depends on […]

How much I should save in cash versus investing?

how much should I save in cash versus investing

One of the most popular questions I am asked is how much I should save in cash versus investing. You should always save the following in cash: Then any extra money you have should be put towards your investments. My approach to saving versus investing I take the view that any saving and investing should […]

Should I take a salary advance?

salary advance

It’s the first thing on a Monday morning and your boiler has packed in. The plumber is due tonight, but you don’t get paid for another 10 days and have no emergency fund. This scenario isn’t make-believe but a real-world emergency anyone could face. For some, their only option is to apply for a short-term […]