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Planning ahead is hard when you're broke. But planning ahead may be the best way to stop being broke and start building a solid financial future. People who have a strategy tend to save more money and be financially healthier than those who don't, studies have found.

Puny income growth is a fixture in the Canadian economy, new census data show. Our economic reality is that prosperity comes not from a growing paycheque, but rather from the stuff you do with the pay you get. Three strategies to follow: Invest in your career; Invest in your wealth; Make one significant cut in your household spending.

It’s time we formally expanded the list of parental financial obligations to include saving for a child’s postsecondary education. The cost of university or college, even for children who stay in town, is too expensive to be covered by typical part-time and summer jobs. Student loans can make up the difference, but heavy reliance on them can result in debt that delay financial independence after graduation.

According to the Stats Man, the average Canadian will spend $420 a month on food in 2017. This is one of the biggest categories in most families' budgets. And it's one that can jump even higher if you don't watch your spending carefully. Some choices seem obvious; others, not so much.

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You fell in love, dated and decided to get married. Congratulations! Now comes the fun of planning the wedding, as well as all the potential stressors and exorbitant costs that can accompany the magical day. But couples on a budget, take heart - the most romantic day of your life doesn't also have to be the most expensive.

The annual shopping spree for school supplies doesn't need to be frenzied. As September looms, here's what to buy students - and what to avoid!

If you’re having your first child or adding to your family, you might be worried about the impact doing so will have on your pocketbook. The cost of all the diapers, onesies and teething toys you’ll need to buy in your child’s first year can be enough to overwhelm most parents, but the expense of raising kids adds up over a child’s life. In fact, in 2015 MoneySense pegged the cost of raising a child until the age of 18 at over $250,000 Canadian dollars. To help put your mind at ease, here are some ways to prepare before your new addition arrives.

If you’re a highly paid workaholic and you’ve hit your limits for contributions to your RRSP, deferred profit-sharing plan and a taxfree savings account, there is another way to defer taxes that may also improve your health: a deferred salary leave plan (DSLP).

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