Ask the Money Lady, Dear Money Lady, I am out of work now and so is my partner. I don’t think I can make my mortgage payment. My bank said I could put my mortgage on hold for a couple of months – do you think that is a good idea? Frank and Jess Dear F&J – Yes I do! Today the majority of people live pay-cheque to [...]
Ask the Money Lady, Dear Money Lady, I am going stir crazy being isolated at home and have had lots of time to review my finances. I read your book and have started using the Cash Tracker – it is a good way to budget, especially nowadays. Marie Carmen Thank you so much Marie Carmen! It is good to hear that you are budgeting your income and expenses. [...]
Ask the Money Lady, Dear Money Lady, The stock market is so crazy right now and I am afraid to keep investing in it. What do you think? James Dear James, I understand your apprehension James however you must remember that we have seen the markets do this many times in the past. It is important to remember that what goes down, always comes right back up when [...]
Ask the Money Lady, Dear Money Lady, I was planning on starting a new business venture just before this Coronavirus started – I am glad I didn’t, but should I consider doing it after. I know it is risky, but I am tired of my regular routine and need a change. I am 52 this year – is that too old to start a new career? Julie Starting [...]
Ask the Money Lady, I’m in my second marriage and my partner and I have always had separate money. We never combine our income, but instead divide up our bills and pay things separately. I have been saving, but I don’t think my husband is doing the same. Now that we are getting closer to retirement, I am worried that we might not have enough. Debbie, (Worried About [...]
Today the majority of people live pay-cheque to pay-cheque and worrying about their personal finances can create a lot of anxiety especially with this Coronavirus pandemic. Most people have difficulty living within their income and often use credit for unforeseen expenditures that make their lives better. If you have a mortgage, chances are you will be given a “payment holiday” for a couple of months but be careful [...]
Ask the Money Lady, My employer is closing our office because of the Coronavirus and suggesting we all work from home. I am now starting to really panic about everything and I am worried about not making my payments on my mortgage if my employer decides to lay us off. Is there anything I can do? Bill Dear Bothered Bill! It is not hard to get swept up [...]
Often couples that are starting over in a new relationship and entering retirement find it more advantageous to keep their money separate. I definitely agree; if you are not married and want to maintain your independence, combining assets only to have to untangle them later due to a messy split is not good for your pocket book or your mental well being. Retirement is generally viewed as a [...]