Wednesday, November 19, 2014

The Bank of Mom and Dad

Click below for a video featuring Jim Murphy on what the Canadian Association of Mortgage Professionals discovered about first-timers in the mortgage market:

http://www.cbc.ca/player/News/Business/ID/2606724914/



Wednesday, November 12, 2014

No-buy November?

Here’s an interesting concept: What if, for the entire month of November, you only spent money on the bare essentials? That means no dinners out, no new clothes – no Starbucks. I'll be honest, I don't think I could do this for a week, let alone a whole month! Do you think you could do it?

Apparently it’s a trend that’s picking up in the US, and with the holidays around the corner, it might not be a bad idea. I would take it a step further and try to fit in a week of “freezer” cooking – minimizing your grocery shop to make use of all the items you've forgotten about in the bottom of the freezer.
One major flaw in this idea is that it doesn't allow for early Christmas shopping. But perhaps you could make a rule that the only non-essential things you're allowed to buy must be for others.

What do you think of this idea? Could you do it?