How do I save money on a cell phone plan?

save money on a cell phone

How do I save money on a cell phone plan?

How someone can save money on a cell phone plan is a topic comes up a lot at work actually. Just about everyone has a cell phone plan and pretty well everyone I know has a data plan with it. These can get expensive, especially if you’re adding multiple gigabytes of data to your plan.  So how do you save money on a cell phone plan? I’ll tell you how I’m doing it.

Back in 2013 when my Blackberry Torch(I know, shameful but I loved the idea of the physical keyboards) started to act up I knew I’d have to get a new phone by the end of its contract term.  Needless to say the Torch was a bit of a disappointment after seeing the phones that came out only a few months after its release.  Although it was great to have a decent camera at all times and access to my email and an easy way to type notes or schedule my days, it froze much too often and was lacking in internet browsing speed. Read more

Have you ever been to a Gopher hole museum?

Gopher Hole Museum

Soo…Have you ever been to a Gopher hole museum?

That’s probably one of the strangest questions I’ll never be asked, which is exactly the reason I feel the urge to bring it up.  Yes I have been to a Gopher hole museum! As far as I know there’s only the one and it’s in Torrington, Alberta.  I’ve got to say it was one of the weirdest fun road trips I’ve done in Alberta since I’ve been living here these last 4 years.

Ok, since you brought it up. What the hell is a Gopher Hole Museum?

It’s a museum for gopher holes, clearly… Read more

How can Professional Athletes going broke help me?

How can Professional Athletes going broke help me

How can Professional Athletes going broke help me?

It’s no big secret that the majority of professional athletes are terrible at maintaining their wealth.  There has been plenty of coverage on it in the media over the last few years.  In April 2012 ESPN aired a documentary called Broke. The documentary interviewed multiple athletes, managers, analysts and  numerous others from a  variety of pro sports about the financial difficulties athletes face throughout their lives.  Sports Illustrated  also posted a popular article in 2009, How (and Why) Athletes go broke and more recently this topic was revisited by NPR.org and The Players Tribune.  All of these provide reasons on how and why athletes go broke.

That’s definitely interesting information, how can this help me?

Well that’s what I’m here to help you out with. There’s tons of information (linked above) and the documentary is interesting as well, but they’ll all take time to read and watch. So here’s my take on five things we can learn from pro athletes going broke. Read more

Cash not working for you? Why not try a rental property?

Rental property

As you may have noticed in my Q1 2015 Net worth summary, I had a lot of cash sitting around not working for me.  With the Alberta housing market looking like it was on a downward spiral, I didn’t want to buy there just yet. So I decided to look into a rental property.

In February 2015 I was looking at mls.ca like I normally do.  I have the tendency to surf MLS at least once a month looking at the prices of homes in all of the areas I’ve lived in. It’s only 4 different areas so it doesn’t take that much time.  I don’t know why exactly I do this, mostly just from to feed my interest in homes I think.

This one particular time I was looking at places in Cape Breton, Nova Scotia. It’s where I’m from and where a lot of friends and family still live.  If there were opportunities like there are in Alberta, I would think about moving back, but until that time, it doesn’t fit into my financial plans. Or at least that’s what I thought.
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Do you want Las Vegas on a budget? Or loaded in luxury?

las vegas on a budget

Ever been to Las Vegas?

Indeed I have! It’s one of my favorite destinations for a short weekend trip or something without too much planning.  Las Vegas is a great time because it has so much for every type of person. It can be a trip filled with luxuries or it can be a pretty frugal trip with tons of free and cheap entertainment.

So what would you recommend if I’m going to do Las Vegas on a budget?

If you’re looking for a fun time in Las Vegas on a budget I’d suggest a few options like these: If you want to stay on the strip, in my opinion the Linq or Flamingo are probably the best values in terms of location. They’re both older hotels that have had some pretty nice renovations (especially the Linq). They’re both located right in the middle of the strip and boarder a new area called “The Linq” which has the High Roller Ferris wheel that has amazing views of the city and several bars and restaurants they imported from all over the world. If you don’t mind the travel time, there’s plenty of cheaper alternatives up on Freemont Street and off of the Strip.
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Do you think this is bad planning or greed?

greed

This article “A house-poor couple confronts a looming cash crunch” was posted in the Globe and Mail on May 11, 2015. It got a lot of attention on their facebook page and /r/personalfinancecanada on reddit. A lot of redditors and Globe readers feel no sympathy for this couple and think it’s nothing but greed that has gotten them to this point.

It’s extremely hard to feel sorry for this couple even as you start to read the article. Sure maybe by the end of the first paragraph you might be thinking Oh no, a new baby on the way and they won’t be able to afford it! Until you get to the second paragraph and realize that they have a combined income of 128,000 dollars a year and that they purchased a 747,000 dollar home just four years earlier. That’s 5.83 times their gross salary!
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What risks are there when investing in your employer?

investing in your employer

Should you invest in your employer?  They’re already paying your salary in return for your hard work and time. Why would you invest in your employer with your own money that they just paid you? What are the advantages or disadvantages of investing in your employer?

Whoa, let’s slow this down for a minute and maybe start somewhere else…

How can you start investing in your employer?

There are a few different ways you can get started investing in your employer. Below I’ll discuss a few options I’m familiar with and how they work:
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Are you curious about Cirque’s latest show Kurios?

Kurios Grand Chapiteau

I had the opportunity to see Cirque du Soleil’s newest touring show Kurios.  I’m a huge fan of Cirque shows and this was my 8th or 9th show I’ve seen, so my opinion of them at this point may be a little bias.

I’m split about half and half on their touring shows and those with permanent residences, most of which are in Las Vegas. One thing I’ve noticed is that the touring acts “Under the Grand Chapiteau” are very similar to those with a permanent residence whereas the arena shows in my opinion just lack that little bit extra in my opinion.

Luckily Kurios is one of those touring acts under the Grand Chapiteau and it’s one of Cirque’s weirdest and most entertaining shows I’ve seen in a few years.  Read more

Are you happy about your contribution increase to TFSAs?

contribution increase to TFSAs

If you haven’t heard already, the new 2015 budget was released last Tuesday April 21st, 2015 and it has a HUGE contribution increase to TFSAs (or Tax Free Savings Accounts, for those not aware of them).  We’re talking a 82% increase to our 2015 contribution room. This brings the 2015 contribution room to 10,000 dollars, which is effective immediately!
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Financial Freedom: What does it mean to you?

Financial freedom or financial independence, it goes by many names but I think the one that people think they know it best by is Retirement. Retirement by definition is the act of leaving one’s job and ceasing to work.  Most people tend to retire in their later years around 65.  This is usually when their pensions mature and old age security or whatever financial programs they have in place are able to be taken advantage of.  But is retirement financial freedom? If you could retire earlier, would you?

In my opinion financial freedom is not retirement, it’s the ability to not depend on the pay cheque from a regular job to maintain your desired lifestyle. People seem to want to make Financial Freedom and retirement the same, but they are two different things.
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