High Return Investments

So let’s start off with the basics; what is an investment and what are the different types of investments? An investment is something you put your money into, hoping to get more back than you put in. It is calculated and researched however; it is not without thorough analysis and security. When … [More]


How Much Mortgage Can I Afford?

    With real estate being so costly, the value of a home can often be overwhelming. With the rising cost of inflation, even basic starter homes can go for a quarter of a million dollars (especially in the more expensive areas). Plus, you might want a home slightly larger, or … [More]

How Much Mortgage Can I Afford?

6 Month Emergency Fund

  Having some money saved up in the bank is crucial when it comes to expanding your financial portfolio and covering your bases just in case something happens. It’s important to have extra money in the bank because you never know what unexpected expenses will surface. You can say that … [More]

6 Month Emergency Fund

How to Invest in Gold and Silver

For centuries, people have used gold and silver as currency. They would buy everything with these precious metals and sell everything for these metals. Since these are precious metals and there is a limited amount of it in the world, it is a hedge against inflation (since more can’t be printed at … [More]

How to Invest in Silver

Saving For Your Child’s Education

Having a proper education is vitally important if you want to get a high powered career and good pay to go with it, especially since competition is fiercer than ever and high class industries and firms will only take the best of the best. It might seem like an overwhelming task when it comes to … [More]

Saving for Your Child's Education

Pros and Cons of Consolidating Your Debt

  Being in debt can suck you dry of any and all of the money you make. Interest payments, minimum payments and extra fees can all add up. By paying only the minimum payment, you’ll never get ahead; you’ll just continue in the same vicious circle. For example, if your minimum payment … [More]

Pros and Cons of Debt Consolidation

What’s New

Rock Bottom

I wanted to give you guys some background on myself, because the last few years have been quite the journey, both financially, and personally. I want to share this story mostly as motivation, but also so you get the feel of where I’ve come from and what I’ve been through financially. I moved … [More...]

March 2014 Net Worth

March 2014 Net-Worth Update

Here’s an update on our net-worth for March 2014:   Debts Beginning of Year Last Month This Month Percentage change Dad 9000 11800 11500 +27.77% PC 7000 4500 5500 -21.43% BMO 0 0 0 0 Assets Beginning of Year Last Month This … [More...]


My wife and I just got back from Mexico, Los Cabo, three weeks ago, and I wanted to talk about it while it’s still fresh in my mind. To sum it up: it was incredible. Aside from our experience with the time-shares sales-pitch, it was the most relaxing and stress-free week I’ve had in a … [More...]

Me at the beach

Time-Shares in Cabo

            When my wife and I got off the plane in Mexico, we were immediately bombarded by this nice Mexican guy named Salvador. He was short and full of energy, and really, really, wanted to give us a free taxi ride, and a free boat trip, and a free dinner cruise, and free zip-line (or … [More...]

Essential Finances in 2014!

Welcome to the new EssentialFinances.com in 2014! It’s been a while and we – the powers that be at EF – (you can call us Papa Dollar and Mama Dollar) have proven to be very lacklustre in terms of creating articles and content or anything whatsoever in the last 13 months, and are turning … [More...]

Finance Tips


My wife and I just got back from Mexico, Los Cabo, three weeks ago, and I wanted to talk about it while it’s still fresh in my mind. To sum it … [More...]


10 Common Income Tax Mistakes

10 Common Income Tax Snafus - An infographic created by Olson Tax Consulting … [More...]

good credit or bad credit

Top 10 Credit Myths

  No matter if you are an employee, a businessperson, proprietor, insurer or a lender, good or bad credit score has a huge impact on the … [More...]


Ratio Percentages

Creating a Personal Budget By Income Ratio

So now that I’m temporarily out of work, I’ve become much more acute to every cent that I have and making sure I allocate a certain portion of my … [More...]


Income for the Single Person

There are many articles out there about how to deal with money in a marriage or in a family, but “single money” is rarely discussed. As I use the … [More...]

Managing Your Own Finances

Managing Your Own Finances

Believe it or not, most people are actually not in control of their own finances. Over 50% of Americans say that they live from pay check to pay check … [More...]

Family Finances

Financial Tips for Youths

8 Financial Tips for Young Adults

Since managing your own finances is not taught in school, many youths have no idea how to go about being financially responsible when they turn 18. It can be very difficult for them to know what to do and how to go about being on their own without proper financial education and because of this, many … [More...]

Teach Your Kids About Money

How to Teach Your Kids About Money

We all want our kids to be successful in school, but what about financially successful in life? Teaching your children about finances is one of the most important things you can do. But how do you go about introducing money and the proper way to handle it to your kids? If you don’t teach your … [More...]

raising a child infographic

Is Raising a Child More Expensive Than a Bentley?

  Source: EasyFinance.com With the escalating cost of education and other childcare costs, you should not be surprised that raising a child may be costlier than buying and maintaining a brand new Bentley car. While a Bentley may just be your dream car or your mode of transport, your … [More...]

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