budget

budget
Financial Management

A Budget Classification For Lottery Plays

I was talking to a person today who told me that when it comes to playing the lottery she specifically budgets for it every week with its own spending category. In general, she treats it more like an investment as the mindset is eventually it may pay off big time as if you are investing

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Financial Management

The Minimum Payment Versus The End Amount

Today I was looking at a bunch of examples on how if you insist in making the minimum payments when it comes to purchasing big ticketed items you can easily end up paying three times as much than intended. For example, wanting to buy a two thousand dollar couch where the store offers you a

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Financial Management

Financing Your Way To Debt

A person made an interesting comment today when it came to buying a house I thought. Essentially, the scenario is there is a person who has almost $300,000 in cash to buy a property. So naturally one would be looking at a place where after buying the property you would still have a safety nest

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Financial Management

Seeing An Elected Official Raise Their Salaries Right Away

So there was an election not too long ago here and apparently one of the first few things that was done by the winning party called the BC Liberals was that for some of its political staff they increased their salary by quite a bit. That was kind of a funny thought as before one

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General Thoughts and Fun Topics

Rather Buy A Restaurant Meal or A Lasting Gift

It’s father’s day coming up and there was a funny conversation about what one would get for their dad. The interesting topic was how one person was interested in taking their dad out for dinner because budget wise they couldn’t spend that much money. At the same time, there was a piece of kitchen equipment

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Financial Management

Focusing On The Monthly Fee or The Total Expense Overall

I found this conversation to be kind of awkward in regards to a person who was interested in buying a condo with a strict budget in mind. Essentially she wanted to pay under $300,000 and was really adamant about paying less than $200 when it come to the strata/maintenance fee in the building. Essentially the

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