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10 Fun Date Ideas That Won’t Make You Go Broke

In Budgeting Tips by Phil McGilvrayLeave a Comment

Budgeting and going on dates are often a fearful combination of words. Many people think that it’s a “pick one or the other” type of scenario. However, “budgeting” and “dating” can live harmoniously together. And no, it doesn’t have to consist of cleaning up after the kids or getting work done around the house. If you are looking for fun date ideas that will not hurt your budget, why not try some of these creative ideas?

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Learn If It’s More Important To Save Money Or Pay Off Debt

In General Budgeting, Paying Off Debt by Phil McGilvrayLeave a Comment

I recently had the privilege to run a couple of webinars on ‘the principles of money management’ for a group of young parents. At the end of each of these sessions we had a wonderful period of question and answers that went for longer than the formal presentation itself did. There were a couple of recurring themes in the questions being asked so I thought it would be worthwhile sharing the answers I gave to these questions via a series of blogs.

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Top 10 Tips For Paying Off Debt: The Rainy Day Fund

In Top 10 Tips For Getting Out Of Debt Series by Phil McGilvrayLeave a Comment

  Video Transcription Hi guys, Phil McGilvray here from Grandma’s Jars. Thanks so much for joining us. Today we are looking at tutorial four of our ten part series, our Top Ten Tips for Paying off Debt. In tutorial four today, we are looking at the importance of having a cash reserve in place before we start paying off our debt. Identifying True Savings In yesterday’s session, we looked at the importance of having a budget. And with that budget, the power behind that is that it helps us identify true savings. So once we have been through all of our expenses, we can then sit down and identify how much have we really got spare at the end of the month once all our expenses are covered. Now, the temptation is that once we identify that spare money, that true savings, is to start throwing it at our debt, at our credit card, and so on. And yes we do want to get rid of it – but the problem is, too often we will see people who go through that. They will throw their money, all their extra money, at paying off their debt only to find that …

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Top 10 Tips For Paying Off Debt: Establish a Realistic Budget

In Top 10 Tips For Getting Out Of Debt Series by Phil McGilvrayLeave a Comment

  Video Transcription Hi guys, Phil McGilvray here from Grandma’s Jars. Thank you for joining us. Today we are looking at tutorial 3 in our ten part series, our top ten tips for paying off debt. Tutorial 3 we are focusing on the importance of having a budget, a realistic budget. Budgeting is what we are about here at GMSJ and I am excited to be bringing this tutorial to you. I’m not going to go through the budgeting in great detail – that’s for another day, another series. Certainly we have a lot of information on our website, so if you need any help with it, please don’t hesitate to get in touch with us. What a Budget Will Do For You Today what I want to talk to you about is the importance of a budget to the debt reduction process. What I’m going to start with is three really key reasons of what a good budget will do for you as you strive to pay of debt. #1: What You Need Set Aside for Future Bills and Expenses The first one here is that budgeting will tell you what your expenses are, what expenses you have coming up. …

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Instead of New Year’s Resolutions, Focus on Habits and Behaviours

In General Budgeting, Manage Money by Phil McGilvrayLeave a Comment

For the past month I have been saying to the kids each morning, “I wonder what we were doing this time last year?” For the McGilvray family, this time last year marked the last day of a magical white Christmas holiday in the UK and Europe.  The holiday had been years in the planning and a well-earned reward for finally having our home loan paid off!

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How to Teach Children How to Manage Their Money

In Manage Money, Teaching Children About Money by Phil McGilvrayLeave a Comment

There is no one size fits all approach when it comes to teaching our children about money. The strategies we use to teach our children need to be age appropriate and very, very relevant to the issues they face in everyday life. The purpose of this series of articles is to pass on practical skills and activities that will assist parents to take a proactive role in equipping their children with the skills on how to manage money.

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The Gift To NOT Give This Christmas

In General Budgeting by Phil McGilvrayLeave a Comment

Like most blokes, I have something of a phobia when it comes to shopping. Don’t get me wrong, I like buying stuff, I just hate going to the shops! Oftentimes that same sentiment around Christmas leads people to the quick and convenient solution – buying a gift card – but this is the gift you should avoid giving this Christmas! It might be nice for the convenience, but it’s bad on the budget. Let’s explore what we can do instead, to ensure your budget stays on track this Christmas.