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Coming Up

Thu 23 Desiree Neilson makes butternut squash lasagna
Fri 24 Fab Finds Flash Sale with Alexis Honce
SEE THE FULL SCHEDULE

The Game of Life



Average cost of getting married (wedding) - Wedding budgets are also ballooning in Canada, where the average expected cost rose to $23,330 last year from $20,129 in 2010


Tips for saving:
  • Consider the non-traditional times of year and a date other than a Saturday ceremony can save you big bucks!
  • Don’t be shy about asking your guests for cash – especially if you’ve both lived together and have built your home
  • Can you live with a used dress, seasonal flowers and buffet style dining insteading of a sit down meal?  Small sacrifices can add up to huge savings!
  • You don’t want to start your life together in debt, so remember that when things feel like they’re getting out of hand
  • Get creative – do you have friends that could be your live band?  Do you have a small business that you could barter for some services or even promote a brand for free stuff?
Average cost of owning a car - $10,452 per year!

Tips for saving:
  • Move closer to work
  • Car pool
  • Car shares
  • Bikes and bike shares
Average cost of getting divorced: the divorce fees charged by a lawyer for an uncontested case vary from a low of $1,056 to a high of $2,922 with an average of $1,540 per case. The divorce fees charged by a lawyer for a contested case vary from a low of $6,582 to a high of $86,644 with an average of $15,570 per case.

Tips for saving:
  • More and more Canadians are getting divorced later in life.  It can be devastating on one’s retirement
  • Invest – yes – invest in your marriage during the good years with counsellors before things go wrong, couples accounts, vacations together without the kids and more.
Average cost of having a child According to MoneySense.ca and raising a child to the age of 18 is a whopping $243,660. Break down that number, and that’s $12,825 per child, per year -- or $1,070 per month. And that's before you send them off to university.

Tips for saving:
  • Sharing nanny services with friends
  • Shopping big ticket items like braces at your local university dentistry labs – young dentists can save you big bucks!   
Average cost of buying a home – varies greatly across Canada but hovers around $350,000 for a national average

Tips for saving:
  • Consider renting until you have a larger down payment
  • If you have less than 20% saved, you’ll have to pay big fees to insure the mortgage
  • Consider an income property  - it might cost you more in the beginning, but a renter can help you become mortgage free much sooner.  
  • Ensure you buy in the right neighbourhood
  • Even though a lender might approve you for more, it doesn’t mean you should take it – you have to respect the cashflow needed for your family’s comfort and resist becoming house poor!
Average cost of a university degree in Canada - Students are taking on more debt, with the average price tag of a four-year undergraduate degree away from home ringing in at $84,000. Soaring costs for tuition, books and living expenses have left the average post-secondary graduate $27,747 in debt, it found, and it’s only going to get much more expensive.  The cost of tuition and other expenses related to post-secondary studies (such as books, supplies and accommodations) continues to rise. By the year 2027, the cost is estimated to reach over $110,000* for an average four-year Bachelor of Arts degree.

Tips for Savings:
  • Parents need to take advantage of the government’s 20% savings grant offered in the RESP shelter. And at the end of the day, an education is an investment.

Tuesday, June 25, 2013

Cooking

Butter Tarts

Coming Up

Thu 23 Desiree Neilson makes butternut squash lasagna
Fri 24 Fab Finds Flash Sale with Alexis Honce
SEE THE FULL SCHEDULE
http://www.marilyn.ca/Tickets/FAQ