• HOME
  • THE BOOK
  • FEATURES
  • THE DAILY DISH
  • BAKER'S BLOG
  • MY PIES
SIGN UP FOR FREE
LOG IN
Menu
  • HOME
  • THE BOOK
  • FEATURES
  • THE DAILY DISH
  • BAKER'S BLOG
  • MY PIES

BAKER'S BLOG

  • contest
  • Savings
  • TFSA

Summer of Savings Challenge

Friday, September 25, 2015 - 11:09
0 comment(s)
The Summer of Savings Challenge has officially come to an end and I would like to personally thank all of those who have taken the time to submit their testimonials.  It is a privilege to be able to have a positive impact on people’s lives; so far nearly 11,000 people have chosen to use Life By The
Read More...
  • CESG
  • Education
  • RESP
  • Saving
  • school
  • UCCB

Saving for an Education - Enhanced Edition

Monday, August 17, 2015 - 11:24
0 comment(s)
The Back to School countdown is on, and with the now confirmed addition of the enhanced Universal Child Care Benefit (UCCB), we though t it worthwhile to re-issue this post using the new numbers.
 
Read More...
  • Credits
  • Deductions
  • Family
  • Spring
  • Taxes

Tax Time - Family Edition

Thursday, April 2, 2015 - 12:12
0 comment(s)
Spring is finally here, at least according to the calendar and as the temperature begins to rise and the snow begins to melt it’s time to start thinking about that other season that
Read More...
  • Financial Literacy
  • life events
  • money management

It Pays To Know

Monday, March 16, 2015 - 12:59
0 comment(s)


Read More...
  • Investment
  • Planning
  • Return
  • RRSP
  • Savings

Nickels & Dimes

Friday, February 13, 2015 - 11:43
0 comment(s)
It's RRSP season, so let's take this opportunity to look at your investments; what factor has the most impact on your investments?  There are a lot of factors that impact your returns such as fees, inflation, taxes and of course there's the overall rate of return...  but there is one factor that ar
Read More...
  • Choice
  • Cost
  • Debt
  • Financial management

The Grocery Store Dilemma

Tuesday, December 23, 2014 - 14:32
0 comment(s)

Imagine you are in a grocery store; you go up and down the aisles filling your cart with various items, a combination of your needs and wants.  You get to the checkout and as the items are being run through you realize that you don’t have enough cash to pay for it all; oh yah, in this scenario you actually use cash to pay for things.  You are now faced with a choice, you can quickly scan over the items and pick which ones to get rid of, most likely this will be in the ‘wants’ category, or you can pull out the credit card and go into debt for it.This is how we typically live our lives; we make our choices then deal with the consequences afterwards.  Considering the average Canadian debt level sits at around 167% of income, it would seem that we are heavily dependent on the debt option to get us through.  As a result, debt levels rise and the ‘wants’ suffer.  Now imagine that before you entered that grocery store, you knew exactly what you were going to buy and you knew that you would not have enough money to pay for it all outright.  Now you have more options, you can be proactive instead of being reactive.  You still have the same two options as before:

Read More...
  • dream
  • financial tools
  • Fulfillment
  • goal
  • Life
  • Opportunity Cost
  • Planning

Live Your Dream

Thursday, August 14, 2014 - 12:31
0 comment(s)

I was recently told a wonderful story about a young woman who came across our book “Life, By The Pie – Financial Management, Managing the Ingredients of Your Life”; the book inspired her and her husband to examine their life.  They decided they were going to try to live their dream of traveling around the world and use Life By The Pie™ to help them do it.  They quit their jobs, sold their house and

Read More...
  • Choice
  • Cost
  • Opportunity
  • Opportunity Cost
  • Planning

When Opportunity Costs.

Monday, July 7, 2014 - 13:37
0 comment(s)

One of the most valuable lessons I ever learned came from a University economics course; since then, Opportunity Cost has turned out to be the driving force behind all my spending decisions and is at the heart of the Life By The Pie™ philosophy.  Your Opportunity Cost is the cost of choice, the trade-off between choosing one thing over another.  Specifically, your Opportunity Cost is identified as your next best option.
We actually have quite a lot of choice in our lives, the problem is most of those choices aren't very viable or desirable.  You could, for example choose not to...

Read More...
  • Retirement
  • RRSP
  • Savings
  • Taxes
  • TFSA

RRSP vs. TFSA

Friday, May 9, 2014 - 12:52
0 comment(s)

With the Tax Free Savings Account still being a relatively new thing, many people may be left wondering
“Registered Retirement Savings Plan or Tax Free Savings Account?  What's the difference and how can I choose which one is right for me?”  In fact, it may not be a question of which one, but of what balance.  TFSA's offer tax free earnings, whereas RRSP's are tax deferred.  RRSP contributions are deducted from your taxable income, effectively reducing the amount of income you have to pay tax on; however, when you take this money out later in retirement, you pay tax on it then.  So the question, “RRSP or TFSA?” depends on

Read More...
  • Budget
  • Finance
  • Planning
  • Saving
  • TFSA

Preparing For The Unexpected

Wednesday, April 23, 2014 - 15:04
0 comment(s)
How do you plan for the unexpected?  You could always set up a reserve fund; TFSA’s are great for that; some argue that having a credit line is sufficient.  Either way, here are some tips to make planning for the unexpected more effective.  When it comes to crea
Read More...
  • Credit
  • Credit Card
  • Debt
  • Finance
  • Management

The Cost of Credit

Wednesday, April 16, 2014 - 12:01
0 comment(s)

With the average Canadian debt level at 162% of disposable income, debt might be the most important thing to talk about.  We have developed and fostered a culture of "now", and with the availability and ease of use of credit “now” has become more and more pervasive and it comes at a cost.  So what is the cost of "now"?  That depends and this might be a good place to start the conversation.  What does credit cost?  In the olden days, if you wanted to buy something you simply had to save up until you had enough money to buy it.  Now, you can just swipe a card and be off enjoying your new purchase; but just how much that purchase will cost you depends on what interest rate you pay and on how long it takes you to pay that balance off.

The average credit card balance sits at around

Read More...
  • CESG
  • Education
  • RESP
  • Savings
  • UCCB

Saving for an Education

Thursday, April 10, 2014 - 08:47
0 comment(s)

It may seem needless to say, but it’s cheaper to start earlier; for whatever you’re saving for starting sooner allows you to put a smaller amount aside on a regular basis and that sum will earn more interest over its lifetime.  In the case of education savings you have some extra options.  Take the CESG for example; what is the CESG you ask?  The Canada Education Savings Grant, of course.  This is a terrific program that will beef up your education savings.  The CESG will add 20% to your RESP contributions, up to a yearly maximum of

Read More...
  • Daily Dish
  • Planning

The Power of Daily Decisions

Wednesday, April 9, 2014 - 09:58
0 comment(s)
It has been said that when it comes to making changes in our lives, “inch by inch is cinch – yard by yard is hard”. The daily spending decisions you make that you record on The Daily Dish™ helps you to track your progress and improvement. For any change to be meaningful, it must be measurable.
Read More...
  • Budgets
  • Life By The Pie

What is a Budget… Really?

Monday, March 24, 2014 - 07:34
0 comment(s)

Although the answer may seem obvious, the word budget is quite often misused and misunderstood.  To begin, what you spend your money on IS your budget; good or bad, whether you know it or not.  For this reason a budget cannot be created so much as it can be modified.

Trying to set a budget, without fully knowing where all of your money is going leads to significant problems; you may see short term success, but in the long run the budget is doomed to fail simply because it’s not in line with your reality.  Let’s say you can accurately list 80% of all your expenses; if you were to ‘create’ a budget based on those expenses, you’re going to run out of money.  Something is going to have to pay for the remaining part of your life that has not been accounted for; that something

Read More...
  • Life By The Pie
  • Michael

Be Inspired. Be Inspiring.

Monday, March 17, 2014 - 13:20
0 comment(s)

The Life By The Pie™ system enables you to take control of your finances in a unique way as it is financial management with fulfillment in mind - your fulfillment (what a concept).

The laws of money may be willing the battle with you, but you have not yet lost the war. By making daily decisions to win back more control of your life, you can be inspired to see a brighter future. A future that is consistent with your true taste; a pie made to your own liking and taste.

If you become inspired, you may chose to inspire others - help them to take more control of their lives and make a pie of their own.

Read More...

Latest Articles

Summer of Savings Challenge
5 years 3 months ago
0 comment(s)
Saving for an Education - Enhanced Edition
5 years 5 months ago
0 comment(s)
Tax Time - Family Edition
5 years 9 months ago
0 comment(s)

TAGS

CESG Choice Cost Debt Education Finance Life By The Pie Opportunity Cost Planning RESP Savings TFSA
More

Life By The Pie

Life, By The Pie™ is the ultimate, easy to understand financial management system, one that is uniquely attuned to each individual’s goals and preferences.

Get the App




 

Contact Info

General: info@lifebythepie.com

Terms & Conditions

  • Privacy Policy
  • Sitemap

Copyright © 2021 Life By The Pie