Category Archives: Finances

Loan and Mortgage Calculator

Loan and Mortgage Calculator Chart 3Almost everyone has to borrow money sometime. For example, if you are buying or already own a house or rental property, you will have to take out a mortgage and pay it down or if you buy a car on credit, you will have to pay some amount each month. Whenever you have to pay back a loan, you can use the spreadsheet provided to determine the payment amount, the interest you are paying each payment and how the loan amount decreases over time. You can also use it to evaluate different alternatives. You may be surprised how much is interest early in the loan. More

Estimating Capital Totals at Retirement

Estimating Capital Totals at RetirementChart4If you have been putting money into an RRSP, TFSA or other investments over the years, have you ever projected how much you will have when you retire? If you are just starting, what will you have if you save some money each year? This is important because it will determine what is available for a yearly income when you retire. The spreadsheet provided lets you try out different options. The results may surprise you as even a small amount of savings each year combined with compounding can really add up. More

Survey Shows Canadians Are Not Prepared For Retirement

Survey Shows Canadians Are Not Prepared For Retirement1The 2015 Canadian Payroll Association once again shows that about three-quarters of Canadians are far behind their retirement goals, are not saving towards retirement and expect to need a lot of savings. The survey had a lot of exposure on September 9, 2015. However, most of it just summarizes the press releases. If you want more details, read on. More

StatsCan – How Much Do Individual Canadians Make?

How Much Do Canadians Acutal MakeThere have been a number of surveys that deal with how much Canadians are saving and the debt that they have accumulated. However, they never seem to categorize the answers by the income of the person. Statistics Canada has access to data that provides the answer of how much income Canadians actual make. More

Making a Yearly Budget

Keeping track of how you spend your money is important. It helps you save for things that you want and for retirement. There are many ways to do it, including spreadsheets and applications, but if you do it by only watching your bank account, you will not be very successful. This post provides an easy-to-use spreadsheet where you can make your yearly budget plan. More

Managing Expenses and Cash Flow – Part 1: Why

Managing Expenses and Cash Flow 01 CumWhy should you have to record every purchase you have made to keep track of your expenses? Let someone else do it for you: buy everything using plastic or mobile payments (tap and pay). You will then be provided with a summary of the payments by date, vendor and amount that you can access online. Using the Cash Flow method presented here and the spreadsheet included in Part 2, you can simplify the tracking of your expenses with a few minutes of work each month. You can also plan your income and expenses by month, prioritize your expenses, show your cash flow to ensure you have enough money when big bills are due and compare the actuals to the plan. More

Managing Expenses and Cash Flow – Part 2: Spreadsheet

Managing Expenses and Cash Flow 10 ActualChartBy using the Cash Flow method and the spreadsheet included here, you can simplify the tracking of your expenses with a few minutes of work each month. You can also plan your income and expenses by month, prioritize your expenses, show your cash flow to ensure you have enough money when big bills are due and compare the actuals to the plan. While it is recommended that you buy everything using plastic or mobile payments as indicated in Part 1, you can also enter any Transactions that you want. More

Managing Expenses and Cash Flow – Part 3: FinanceBase

Managing Expenses FinanceBase Plan GraphThe spreadsheet discussed in Part 2 is very flexible and provides very good insight into how your actual cash flow compares to the plan on the many tables and charts provided. However, there is more that can be done to help you, especially if you have an at-home business or want to keep a long-term record of your income and expenses. If you want a more robust and full-featured application as an alternative to the spreadsheet, FinanceBase is a very good option and is discussed in this part. More