Simple Money Solutions: Personal Finance Canada, Personal Finance from a Canadian Perspective, Financial Independence, Lifest

Why does PFC Canada concentrate on trying to be super frugal to save money, when we should really be focusing on increasing our income

My girlfriend (25 yo) believes she should not have to help with any bills in the house because I make more than her o, my girlfriend started a business 2 years and during that time I made sure I covered all bills, expenses, groceries, etc. It's been 2 years later now and I gave her more than enough time to save some money for herself. Recently we have been kicking off because I asked her to cover the hydro bill ($100 a month) while I cover rent ($2350), internet ($70), and groceries ( Roughly $500). As she believes she is a woman and women should not have to pay bills, and that I make a lot more than her so I have nothing to worry about. What should I do? To add on to that, she does not want to help with no finances, but believes I have to be taking her out to dinner, parties, spending money on her, etc. Edit: Thanks for all the input guys, think I know what I need to do. Gonna send her a link to this thread too! Never thought I'd get so many messages!!

my wife and I needed a secondary car. A lot of people suggested getting a fuel efficient civic, however we went into impulse mode and put a deposit on a new Lexus. We currently own a 2014 rav 4 which has no car payments. After 8 years we felt like we deserved a nice car before we turned 30. That was always my dream. We went from not having any car payments to $1100/month, I feel like now it's too late to get the non refundable deposit $2500 from the dealership since they put a factory order already. It's set to arrive on July of this year. No credit checks or any questions asked. It's been 4 weeks now since and I don't know how we're going to make these payments + insurance + gas for the next 5 years. I feel like I'm getting anxious even thinking about it. Long story short: made an impulsive decision to factory order a car and not sure how I can make $1100/month car payments… felt we deserved to drive a nice car. We rent, no kids just a pet dog. Edit 1. The car msrp is $79000. The payments were based on a $5000 down payment and 6 year term. Sorry it was a typo, it's 6 years / 72 months. My wage is $60/year. Update 1. Thanks everyone for the feedback, looks like my best bet is to wait for it to arrive in June and sell it privately at same cost. So I can keep my deposit Update 2. After the comments on the hot car market. I was able to find some one after this post, he is willing to take over the order que as it will save him the dealer markup and 1 month wait. Thanks everyone!!! I will be getting my $2500 next Friday I have decided to buy another used rav4. 2018 model.

Navigating a Relationship when one Partner owns a Property Hey everyone, long time lurker, first time poster! My friend (really!) has been dating this guy for a little over a year and they both each gross around $100k. My friend currently owns her own condo and has a significant amount of equity. They both started to look into homes to purchase together about a month ago. She was willing to put the down payment on this property and split the mortgage payments and other costs after closing. Her boyfriend does not have any savings and is not necessarily financially savvy. They began to argue about finances and she didn't feel comfortable moving forward with purchasing a property together. Her boyfriend became upset and said that she broke his trust and that he felt that she didn't trust him. She explained that there is no rush, and that he could move into her condo and look into houses again after some time when he's been able to save up some of the deposit or if they took their relationship further through marriage. As a result of this conversation, he would claim that he didn't trust her and asked her if she would put his name on the title of her condo. She was in complete shock and shut down every conversation about property and told him that if he didn't trust her over this decision then we don't have a relationship. That was ultimately the end of their relationship. Was she wrong to jump to that conclusion? I have no idea why anyone would ask their boyfriend/girlfriend to add their name to the title of a pre-existing property. It just didn't make any sense and seemed very odd! What do you guys think?

Mortgage paid off, spouse wants a bigger house, I want to save for retirement

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If recessions occur every 10 years then every time one happens you are experiencing it for the first time. This is because the cause of every recession will be different and because you will be affected differently each time depending on the phase of life that you are in each time. Recession defined – a period […]

4. Successful individuals have clear priorities. Having clear, well-defined priorities is the fourth of twenty-five things that successful people do. In this 25-part series, we’re spinning our original inspiration “25 Things Poor People Do That Rich People Don’t” into a more constructive and positive narrative help to guide our future actions and decisions. From 0:00 to […]

3. Successful individuals engage in family planning. Engaging in family planning is the third of twenty-five things that successful people do. In this 25-part series, we’re spinning our original inspiration “5 Things Poor People Do That the Rich Don’t Do” into something more constructive, positive, and inspirational to guide our future actions and decisions. In this […]

2. Successful people have a well-developed value system. In this episode we discuss: What a value system represents: Pre-made decisions (and decisions that you’ll never have to make again) An opportunity to never be a victim of temptation Something that should evolve as you go though life An opportunity to ensure that all of your […]

1. Do you understand the game? What is the game? The game of numbers. Poor people are quick to complain about why the entertainers earn so much money whereas a hardworking school teacher goes home with miserable pay. What they don’t understand is that wealth is attracted to numbers. Your earning is directly proportional to […]

Afterschoolaferica.com 25 Things That Successful People Do  // Poor People do that Rich People Don’t Introduction Episode Introduce the 25 concepts Listener experience Spinning the narrative – what you are rather then what you’re not Pursue things that challenge your current beliefs Being honest with yourself – what you are doing and what you really want […]

How school can set you up for failure Once upon a time If you remember your time back in post secondary school how you were sold the idea that if you get this diploma or degree the world would be waiting for you at the other end. Ways that we’re sold this In high school […]

Warranties Introduction: A warranty is a legally binding commitment forming part of the sales contract which assures the buyer that the product or service is free from defects. A warranty often provides for a specific remedy such as repair or replacement in the event the article or service fails to meet the warranty. – The difference between insurance and warranties […]

Hobbies Hobbies are more important than you think, this can often fill the gaps left between our life responsibilities and job responsibilities. Hobby risk – chasing a new hobby every couple of months, when investigating a hobby try to identify the challenges of the hobby and try to determine if those are challenges or problems […]

Accepting the lifestyle your income delivers  Life is full of choices, where you live, how you live, where you work, how you work  You can choose a lifestyle and then try to acquire an income level to support it or you can choose a career and then discover a lifestyle that that career will support.  […]

You Can Have Anything You Want…just NOT Everything You Want  Have you ever wondered about the people who look like they have it all?  Tip on finding focus: have interests and hobbies the lead to related interests and hobbies – hobby matrix  We often idealize people’s lives or situation but are not willing to make […]

Avoid Lifestyle Inflation…….Until When?  What is lifestyle inflation?  The Problem with lifestyle inflation:  It happens gradually  It can impact your future goals  The new normal will become normal  Undoing lifestyle inflation is painful  How to Avoid Lifestyle inflation:  Avoid comparisons – you have different goals  Have a documented plan – this will remind you why […]

How to Escape Minimum Wage CERB – Canadian emergency response benefit was providing those affected by the pandemic $2,000 per month. A household of two working adults could expect to receive $4,000 which is $48,000 per year which is $24,000/year. A lot of the news stories, as well as people I know personally, say they […]

Do Tough Times Make Tough People? Any physical growth will be lost when the comforts of life return, so most of this growth will be temporary. Physical toughness would really only be useful if it is required in your future life. Maybe you were an accountant and because of these tough times you have become […]

Financially Sound During a Crisis Don’t count on government support to be there until this thing is over. The societal transition from government supported to self supported will be a very uncomfortable period for many people. Government Programs: Employment insurance 45 weeks Canada Emergency Response Benefit $2,000 for 4 months Canada Emergency Student Benefit $1,250 for […]

Making a Case for Audiobooks If you enjoy podcasts you will probably enjoy audiobooks? – it depends on the kind of podcast you listen to. Does listening to an audiobook count as reading? – if information consumption or entertainment was your goal then the answer is yes. Do you get the same retention value with […]

Breaking Down Boredom What is boredom? Bored | Adjective | feeling weary because one is unoccupied or lacks interest in one’s current activity Boredom is often viewed negatively, however is boredom inherently bad or something to be avoided? The global shift of acceptance Boredom was once a frowned upon feeling or experience and not readily embraced before […]

Is Misery is better than Mediocrity? What is misery? • A strong feeling or sense of being unfulfilled, hopeless, discontent, or unhappy due to perceived or real circumstances • Strong doesn’t mean negative or bad however we perceive it as bad because it is a strong, extreme emotion that makes us uncomfortable If you let it, life […]

You should upgrade to solve a specific problem or to get a specific outcome What adjustments are you making within your lives? What are you doing to combat this? We want to to have a conservation about you and encourage you to let us know how you’re dealing with it.  The shift from comfort and […]

Life As We Know It How to assess our current situation? When the health crisis is over and the financial crisis becomes more in focus we are going to offer some gravity to the situation to help you view things in a constructive light rather than a destructive manner. When accessing your current financial situation […]

The Open Ended Debt Solution We should avoid debt at all cost, but in life things don’t always go as planned and debt becomes unavoidable. Also for things like buying a house and sometimes getting an education require debt based on the timing in life and the natures of their significant cost. Whenever you enter […]