By The Numbers: The 50-30-20 Budget

Budgeting effectively is one of the most important parts of a personal finance plan, and there are about as many budget solutions out there as there are weight loss solutions. Much like the get-trim-quick advertising that accompanies the latest workout fad, there can be a…

Alternative Lending: Closing the Debt-to-Income Gap

We’ve talked a fair bit about the importance of debt-to-income ratios here at the Progressa blog. This fundamental ratio shows the relationship between how much you make, and how much you owe: for Canadians, it has leapt to historically high levels in recent years of…

Minimize Your Post-Holiday Financial Hangover

Everyone loves holiday parties, right? Whether you don an ugly sweater or a classy suit, getting together with friends to clink glasses and enjoy each others’ company can be a salve for the winter blues. However, party a little too hard, and that egg nog hangover…

Throwaway Culture and Personal Finance

What would happen if you collected all the things you threw away for a day? A week? A month? Chances are, like this New York man, you would be literally swimming in discarded goods in just a few days. Experiments like this one are proving just…

Car Ownership: The Financial Pros and Cons

Depending on where you live – urban, rural, suburban – where you work, the size of your household, and your day-to-day needs, car ownership may or may not be an essential consideration in your personal financial plan. Car purchases are one of the major financial…

The Best Ways To Use Your Tax Refund

April brings with it showers, as the song goes, but also an inevitable part of the personal finance journey: filing one’s tax information with the CRA for the year. The last weekday before this year’s deadline is the 29th: mark it on your calendar! And…

Video Killed The Video Star: Skinny Cable In Canada

All across the world of services, industries are being transformed by catering specifically to what their users want. The “Uber for X” model, driven by the ubiquity of geolocation, aims to provide only the services that users need, at the minimum cost, with the maximum…

Secondhand Shopping Safety

The market for secondhand goods can be a boon for anyone looking to downsize their spending, especially given the rise of online trading platforms like Craigslist. With some savvy searching, it’s possible to find goods that are good as new – without the new price…

Personal Finance Blogging – A Beginner’s Guide

Financial independence and better living are not instantaneous achievements – they are journeys. And like any journey to personal improvement, staying on track can be a challenge. It takes dedication, focus and drive to achieve your financial goals. It can also be hard to focus…

The Low Canadian Dollar: Your Personal Finance Guide

The recent decline in value of the Canadian dollar – which, at the time of writing, stands at $0.69 USD, has made headlines in financial discussions all across the country. Much of the discussion has so far centred on large-scale and long term financial effects,…