From the monthly archives:

August 2009

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Kids are almost back to school and some may already be back and parents are looking to save some money . I’ve enlisted the help of a teacher (my wife) to get the inside scoop on how parents can save. Here’s what she came up with:

  1. Say no to binders:  Don’t get your child those big binders since duotangs are often provided. As well teachers prefer to keep the subjects separate rather then have everything in one.
  2. Label clothes: Label your child’s shoes, hats, mits, and jackets as they tend to get mixed up and lost. They’ll eventually end up in a lost and found bin and it will make it much easier for you to identify the items.
  3. Seasonal discount clothing: Buy their new back to school clothing at the end of September.The weather will be warm enough for them to use their summer clothes while you wait for the fall/winter clothing to go on sale.
  4. Meal programs: Look into utilizing school breakfast and lunch programs as they can provide healthy meals in a cost effective manner.
  5. After school sports: Speak to teachers and administrators about what athletic activities are being offered or what you would like your children to take part in. You can get the school to start up activities if there is enough interest.
  6. Reusable water bottles:  Purchase a reusable water bottle instead of a disposable ones as the disposable ones tend to sit there all day and get thrown out at the end of the day by the teacher.
  7. Homework clubs: Look into after school home work clubs to help avoid expensive tutoring costs.
  8. Fund Raisers: Keep an eye on school fund raisers as you can purchase items and even Christmas gifts while supporting your child’s school. A prime example are magazine subscriptions offered by QSP which has something for everyone. P.S. if your child’s school doesn’t have a fundraiser then look into starting one!
  9. The school library: Rather then purchasing books have your child look at the school library. If they don’t have a novel that your child is interested then discuss it with the librarian as they are responsible with keeping the library stocked with the latest age appropriate books.

What school saving tips do you have? Any teachers out there have some money saving tips for parents ?

-mfd-



A Week in Review: Edition #13 - My Money Tree Is Back

August 28, 2009

This week I looked at whether price wars make for a good investment. I also had some follow up thoughts on the funemployed and how it will lead to the fall of society as we know it. I know its a bit dramatic but its how I feel about these sort of things. Finally [...]

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The “If” Trap Of Investing

August 27, 2009
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Ever hear the saying “hindsight is 20 20″? Its gets used across all aspects of life and especially in the investment world. People have a tendency to simplify the gains to be made from investing after the fact. After a 40% drop in stock value everyone can sit there and say it was obvious that [...]

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Funemployed - The End Of Society?

August 25, 2009
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Last week I wrote about being funemployed and some considerations before pursuing that route. Now I want to discuss a far more sinister issue, the impact to employment insurance.
Whats the beef ?
Unemployment Insurance is a social program established in order to help people who have lost their job and not a means to [...]

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Price Wars: A Good Investment ?

August 24, 2009
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A few weeks back the grocery chain Loblaws announced it was cutting prices across the board. As a customer I’m ecstatic because I frequent Loblaws for my grocery needs. What a win situation for me. However with every winner there has to be a loser and who could that be? Unfortunately price cuts lead to [...]

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Understanding Same Store Sales

August 19, 2009
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Some of the hot stocks this past year have been McDonald’s and Wal-mart. Both seemed to buck the trend when everyone else was losing money. Generally speaking revenue is an important figure when performing an analysis on a company like Wal-mart or McDonald’s. However when dealing with retailers there is an equally important figure that [...]

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Be Funemployed - Could You Do It?

August 18, 2009
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Funemeployed is a term that I heard a few months back.  Its based on the simple premise  if you lose your job rather than finding a new one you spend your time doing activities you enjoy.  You take your severance, savings and unemployment benefits and you take a very long weekend off.  People golf, sail, [...]

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How Much Should You Spend When You Travel?

August 17, 2009
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Ah traveling is always a debatable topic amongst the frugal and personal finance enthusiasts. Travel abroad or stay local? Nice hotel or cheap hostel? Eat out or picnic? Pay for entertainment  or look for free alternatives? These are all questions that people try to find the answers to when they travel. Now the key to [...]

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A Week in Review: Edition #12 - Married And Back From Hawaii

August 14, 2009

This week I announced my return after the hiatus I took to get married and go on my honeymoon to Hawaii. It had been a while since I posted a net worth update so posted my numbers for both June and July as well as a midyear review.  As my first post back in on [...]

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Increasing Cash Flow Is The Key To Wealth

August 12, 2009
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Increasing your positive cash flow is one of the most important tenets to accumulating wealth and ultimately achieving financial independence.
What is cash flow?
Cash flow is simply the flow of money coming in and and going out. If you are spending less then then you earn then you are cash flow positive. If you spend more [...]

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Net Worth Update - June 2009, July 2009 And Midyear Review

August 11, 2009
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Due to my little break its been a while since I’ve posted a net worth update. I hadn’t posted an update for June or July so both will be included in this single update. As well I feel its necessary to do a midyear review to get some insight into my progress thus far.
It’s also [...]

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