Finances

Reddit Personal Finance Reduction

Reddit Personal Finance Reduction

It was supposed to be simple.

Go to reddit, and sift through all of the information to find the best answers to the best questions for the week.

What I had at the end of all of my research was 152 pages of raw data: questions, answers, jokes, repeated answers from people who had not read the rest of the comment thread ‒ it was a mess.

Then, after spending the week going through that information, I did it all again and condensed what I found into the following questions and answers.

But first, let’s talk about reddit...

How reddit works

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Choosing An Online Broker For DIY Investing

Choosing An Online Broker For DIY Investing

I've been doing DIY investing since 2011, previously I was with a big financial investment company where the service was good but was mainly invested in mutual funds that have very high MERs.

At first I had no idea really what I was doing, but now I have a sense of picking stocks and selecting ETFs that I find value in and putting my money to work. And so far, so good. 

Now I think I’ve reached a point with my DIY investing career where it’s time to try out a new online broker and see if the grass is greener somewhere else when it comes to discount online brokers.

Why Choose A DIY Approach To Investing

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What TurboTax Has That Other Tax Software Doesn’t

What TurboTax has that other tax software doesn’t

This article was sponsored by TurboTax.

Filing your taxes can feel like a no win situation…

Paying an accountant to do it for you can be quite expensive (been there) while doing it by pen and paper is a tedious error-prone chore (done that).

Tax software to the rescue, right?

It’s true, there are quite a few options out there today when it comes to tax software with many of them seemingly racing to the bottom trying to offer the cheapest possible price for multiple returns, or sometimes even free.

Honestly, using software is way better than wrestling with pencil, paper, and a calculator.

But, I’m a pretty financially savvy guy and I have to admit that I still struggle filling in all the fields correctly. I’m often reduced to scratching my head, desperately combing through poorly formatted help documents, searching madly online, and scouring the CRA website to find answers to my questions.

For someone who cares much less about money than I do, I can imagine it must be considerably more frustrating even with the help of software. That’s where TurboTax has picked up the ball and run with it.

TurboTax Holds Your Hands So You Can Stop Wringing Them

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The War On Debt: The Work Has Just Begun

The War On Debt: The Work Has Just BegunWe have come to the end of our six-month blog experiment to kill The Colossus, which stretched into a year – and stretched us along with it.

Overall, this financial overhaul has been a difficult journey, not only because we had to curtail some bad habits – and in some cases, fight for a better deal…

But also because of stresses in our personal lives which have coincided with our financial crisis.

Report from the Job Front

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Track All Your Subscriptions and Earn Cash Back With Butter

Track all your subscriptions and earn cash back with Butter

This article was sponsored by Butter.

We’ve all been there…

You see a great new service that looks amazing and you sign up for the free trial (hello Spotify) and then before you know it you’ve been pay $10+ per month for 3 years.

For those who are math-averse, that’s $360 gone forever.

Not that subscriptions are bad, but with all the amazing cloud based apps and services out there these days and with everyone and their mom switching to the subscription model, you need to keep them in check. Otherwise, that $360 can turn into thousands of dollars you’ll never see again.

That’s why my ears perked up when Derek Szeto, the founder of RedFlagDeals, told me about a new mobile-friendly website called Butter.

Butter tracks all of your subscriptions in one place automatically, lets you earn 1% cash back on popular subscriptions and recommends new subscriptions to you that you may be interested in.

Of course, you’ll also get special offers on subscriptions from time to time that might not be available anywhere else.

So How Does Butter Work Exactly…?

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9 Questions To Ask Yourself Before Getting A Pet

9 questions you should ask yourself before getting a petI’ve wanted a dog since I was six years old...

But the one question that kept me from getting one until I was well into my twenties was:

“Can I afford a pet?”

And more specifically: “Can I afford a dog?”

Not to get budget-preachy on you, but these are seriously important questions to ask if you’re thinking about adding a pet to your life. Because this decision isn’t just about you…

It’s also about your potential new animal companion.

You need to make sure you’re ready to take responsibility for them in every way. And that very much includes the money stuff.

Luckily, there’s a structured, reliable way to find out if you can afford a pet – all without compromising your retirement. (Or having to eat ramen noodles all month unless you’re into that.)

Check in with your expenses

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The Economics Of Online Dating: Why Paid May Be Better Than Free

The Economics Of Online Dating: Why Paid May Be Better Than Free

If you were born in 1977 or later...

Chances are, you grew up in the world of online dating as one of many options (perhaps a primary option) for finding love.

Believe it or not, Match.com started way back in 1995. And while there are lots more online dating platforms these days, like Tinder, Plenty of Fish or eHarmony – all of which promise you the chance of romance...

It’s still not easy to find that elusive love of your life.

Understand what you want

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The War On Debt: Shopping For A Better Deal From The Bank

The War On Debt: Shopping For A Better Deal From The Bank

The 5-year term on our mortgage is up for renewal in this month.

We’ve gotten stuck at one bank – and we’ve been too lazy to search elsewhere, mostly for the sake of convenience.

It has been easier to have all our eggs in one basket:

Is it possible that my financial institution “banks” on how lazy I’ve been?

So this seems the perfect opportunity to re-organize my finances in a way that benefits me – instead of the banks.

Don’t be afraid to shop for money.

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The Year To Slay Your Debt

The Year To Slay Your Debt

Yes, we’re entering into the second month of the of the year…

And as we look forward to the upcoming months filled with more tweets from President Trump, buying of virtual cats with Etherium and creating some better money habits – this may just be the year to advancing your dollar army towards paying off debt.

Because, here’s a headline from CBC News:

Canadians owe $1.71 for every dollar of disposable income they have – a new record high.

I don’t know about you, but that really grabbed my attention.

That Canadians corporately carried more than $2.1 trillion in debt as of the end of last September – is scary.

Why is this scary, exactly?

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Why New Year’s Money Resolutions Won’t Work – And What Will

Why new year’s money resolutions won’t work – and what will

New year, NEW resolutions – this is the year we’re definitely going to make things happen, right?

But there’s a problem...

These resolutions – which yes, sounds nice and smart and so motivational – actually set us up to fail.

Why? Because, too often, they’re an emotional impulse-checklist that lacks a concrete plan for action. And action is the ONLY thing that matters in making a successful life change.

Not to mention, New Year’s resolutions are so timing dependent. If we fail to meet this abstract timeline, have we then lost our chance for the rest of the year?

Starting our resolution late or screwing up early, within the first few days or weeks, feels like a license to put it off until next year. Surely then positive lasting change will finally happen. Ya… right.

We’re in control all year long

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