The Tactic That Helped Me Hit My House Down Payment Savings Goal

The tactic that helped with my house down payment savings goal

“Ok, so I’ve got… $4,000, give or take. And I need… OK, about $20,000. In a year. Good. This is fine.” That was me when I sat down about 18 months ago to get real about saving up for my half of a down payment on a home with The Boyfriend. And when I say “this is fine,” I hope you know this was the gif I was referring to, and how I actually felt about the goal. See, at the time I was probably saving about $600 a month towards the goal of someday-home-ownership. That sounds like a lot, … Read More

What You Can Learn About Investing From a Guy Who Made 3089% on His Ethereum Investment (…Sort Of)

What can you learn about investing from bitcoin?

Bitcoin and Ethereum sound like total science fiction topics, but they’ve been getting a lot of attention in the finance community this week. To make a very long story very short, they’re cryptocurrencies – ways to exchange value that don’t rely on a central authority, like a bank, and that use entirely distributed systems to function. Like if a Canadian dollar was all of a sudden an internet dollar, and answered to nobody. Kind of like that. They’ve been making headlines because both currencies (Bitcoin and Ethereum) are experiencing massive growth. Case in point: “Ethereum hits another record high after … Read More

How to Budget for a New House (Without Giving Up Everything You Like)

How to budget for a new house without giving up the stuff you love

I feel like the catchphrase of a first-time home-buyer is “I had no idea that was A Thing,” so I’ve teamed up with BMO to break down some of the key things you need to know going into the whole buying-a-house process over the next few weeks. Of all the things you need to plan for when it comes to money, building a budget for a new house is so high up there, friends. I mean, realistically, this is the biggest financial decision of your life, and will represent a good chunk of your monthly spending for a looooong time. … Read More

6 Key Things You Need to Know About CMHC And Closing Costs

What you need to know about CMHC and closing costs

I feel like the catchphrase of a first-time home-buyer is “I had no idea that was A Thing,” so I’ve teamed up with BMO to break down some of the key things you need to know going into the whole buying-a-house process over the next few weeks. We’ve already covered how to get pre-approved for a mortgage, so you’ve got the biggest thing covered from a sheer dollar-amount perspective (it’s hard to out-expense hundreds of thousands of dollars, after all). Today, we’re going to talk about everything you’ll need to know – and pay for – to actually get yourself … Read More

You Don’t Need to Buy a House

Do you need to buy a house? (No)

So yes, I am all aboard team bought-a-house – but you don’t need to buy a house to save money, earn money, or be a “real adult”. I promise. First, let me step back and give you some context on how and why I bought a house, so we’re all on the same page here. I bought a house with a partner. I have been saving for a house for four five years. I have never wanted anything more. My partner and I are committed to staying in this house long-term. And we’re clear on the fact that this house … Read More

How to Get Pre-Approved For a Mortgage (Even If You Have No Idea Where to Start)

How to get pre-approved for a mortgage - even if you have literally no idea where to start.

I feel like the catchphrase of a first-time home-buyer is “I had no idea that was A Thing,” so I’ve teamed up with BMO to break down some of the key things you need to know going into the whole buying-a-house process over the next few weeks. Up first is one of my personal favourite parts of the process: Getting pre-approved for a mortgage. See, I loved the process, because it involved talking about budgets, printouts of my financial details, and at the end of it, my mortgage specialist commended me on how well-prepared I was. Getting gold stars is … Read More