TORONTO GIRL CHRONICLES

Everyone has their own theory about money and how they relate to it, but my favorite is this: Money is like a really good man. Tempting, dark and handsome. Its hard to come by and needs lots of caring and good lovin'. You can't just go throwing it all away. You can't take it for granted because then it'll just go away as fast as it came.

These are a few quick tips on keeping your money close to you, where it matters. In your wallet.

Financial Tips Every Girl Should Know

• Spending time with friends should not be about spending money. Enjoy the company of friends in the comfort of your home, or take advantage of all the free/low cost activities that the city has to offer.


• Shop in your own closet. It'll be a creative challenge: How to wear this dress in 10 different ways.


• Use skype for your long distance needs. It will requiere planning but will save a lot of money.


• Make an appointment with your bank to learn about your RRSPs.


• Open a tax free savings account.


• Find a credit card that doesn't ask for your first born or a ridiculous interest rate/management fee.


• Always save 25% of your income. (or more if you can afford it)

Financial independance depends on how well you manage your wealth, and well, you gotta start by making it and managing it well.

RESOURCES:

Information on Opening a Savings Account

Information on Tax Free Savings Account

Information on finding a credit card that works for you

Information about Budgeting (includes a worksheet)

Skype Website