Toronto Stock Exchange Has Launched A New Portal Called TMX Money

TSX Launches TMX

First Published: June 15, 2009 ADawnJournal.com

Toronto Stock Exchange (TSX) has launched its new financial portal “TMX Money.” Visitors will be able to access a series of new features and investment research tools to make informed investment decisions.

Some of these tools are:

– Stock screener
– Financial calculators
– Stock Market glossary
– Customizable ticker
– Business news
– Exchange Traded Funds (ETF) portal
– And much more

I like ETF portal the most. Exchange Traded Funds (ETFs) are growing in popularity and opening up new investment opportunities and possibilities. I encourage you to check out TMX Money’s ETF section as it provides helpful ETF information. Visit TMX Money for more information.

Personal Finance and Kids

Kids Need to be Taught About Money

First Published: June 23, 2009 ADawnJournal.com

The Alberta Finance Minister has said that both parents and the government need to take a firm hand in teaching kids how to be financially responsible now and in the future. With the current global financial situation having some bad news for everyone, even among the growing number of positive signs, it is now viewed as absolutely essential that sound financial planning is given the emphasis it requires at all levels, rather than leaving children to find out about the intricacies of the subject first-hand when they leave college and start looking for work. The minister, Iris Evans, said that her own children – all of whom are now grown up – have succeeded in life because she made sure to teach them about money.

Although not everyone would agree with the entirety of the Minister’s speech – which made great play of the importance of each family having at least one stay-at-home parent – the message of teaching children about money and how to handle it is one that will surely recur as we work to get out of the troubled financial climate of the present. At least some of the problems that the world is currently dealing with have something to do with irresponsible consumer borrowing and spending, and if good habits are locked in at an early stage then there is all the more chance that financial crises like the present one will be rarer and shallower in future. What the government may do remains to be seen, but there are plenty of things that a parent can do to instill the right habits in their offspring.

Savings accounts are something that will often be encouraged for the very youngest kids, but when they get to around the early teens the interest seems to drop off quite considerably. Finding a way to encourage your teenage child to save and pay close attention to the value of money is not difficult. All that one needs to do in the present climate to make one’s children pay heed to the importance of sensible financial practices is watch the news with them. As banks, businesses and other organizations battle the ill-effects of financial laxity, there has never been a better opportunity to pass on a message of caution.

It may be increasingly difficult in this day and age to avoid debt in one’s everyday life – particularly if one intends to make a go of a business career at any point – but a bit of financial wisdom can give the children of today the thought processes to deal with the future in a mature and secure way. Don’t teach them to be afraid of debt, but to understand good and bad debt. Don’t let your children see loans as free money, nor see savings as being boring or cheap. Good financial sense starts at an early age, and with a bit of forward thinking can lead to a very satisfactory future. Instilling these messages will mean less likelihood of a repeat of what we are currently dealing with.

How To Protect Your Marriage In Economic Downturn

Money, Finances, Economic Crisis, And Relationship

First Published Date : March 5, 2009 ADawnJournal.com

Money is one of the major causes of friction in a relationship. Most probably, money issues are second only to infidelity as a cause of divorce. In a relationship or a marriage, couples are bonding together from very different backgrounds. Two different persons with different incomes, different debts, and different ways of managing personal finances are joining together to share and form common values and perspectives. These issues, specially money issues can be a real problem.

An unstable, or even a healthy relationship, can go thru a rocky ride during economic downturn. The reason is very simple. Money and finances get over-heated and threatened during post economic downturn. These issues always exist; however, during good times we tend to ignore these because there is always food on the table and somehow we manage to get by. But things change during economic downturn. When jobs are hard to find, the cost of living is on the rise, suddenly things don’t look rosy anymore. Our emotions and spirits change and our relationships reach on the verge of a breakdown.

What you can do to protect your marriage/relationship in a downturn? Try taking the following steps. These steps are not just good during an economic downturn. You should apply these anytime to make your relation journey a smooth one.

·   Talk – Communicate with your partner regarding money issues and any other issues on a regular basis. Take the current economic crisis as an opportunity to get together and start communicating. Talk about your fears, goals, issues, and so on. Divide financial tasks and work together to make changes on your financial plans.

·   Track Your Expenses – Tracking expenses gives you a visualization of where your money is exactly going. You need to know this to cut unnecessary expenses and increase your savings. You can do all sorts of calculations and thinking in your mind to figure out where your money is going – but the real picture may not be the same as your mind tries to depict. Spending just a few dollars here and there daily can add up to a large amount at month’s end and tracking expenses will show you how powerful it can be to cut once-daily visit to your coffee shop. Tracking expenses will gradually help you make better decisions.

·   Set Goals – Set long and short term goals. Write down these goals in a notebook and setup monthly or quarterly meetings with your partner to review your goals. Goals could include buying a house in three years, kids’ education fund, retirement etc.

·   Budget – I don’t believe budget works; however, follow these two simple rules and avoid the hassle of budgeting: spend less than what you earn and spend within your means, and track your spending.

·   Change Your Outlook – Change your outlook from my money, your money to our money. Once you are married – your incomes, debts, money, finances, everything become OURS. That’s the purpose of marriage or staying in a relationship.

·   Maintain Joint Accounts – Always maintain joint checking and savings accounts. This forces you to work together and it’s easier to manage one account than many accounts. Joint accounts provide the extra boost to become financially successful as couples. It reminds you that you two are one now, and your financial success depends on how you can plan and act jointly.

·   Maintain Two Separate Credit Cards – You need to do this to have better credit scores. Better credit scores will help you to get lower interest rates on your loan to buy large item purchases such as house, car etc.

·   Don’t Hide Anything – Never hide anything from your partner. If you have bought an expensive item impulsively, discuss it with your partner. It is better to tell him something you did without his knowledge now, rather than him finding out years later.

10 Tips to Save Money at Restaurants

How To Save Money At Restaurants

First Published: ADawnJournal.com January 15, 2009

We all love to eat out at restaurants. Have you ever noticed that if you follow a few simple steps, you will be able to cut down your restaurant bill in considerable amount, e.g., 20% to 30%. Below, you will find ten tips which will save you some money at restaurants. You may not be able to use all of these; however, I don’t see why can’t you use at least one tip.

1. Beverages Are a Rip off Refrain from drinking alcoholic beverages, soft drinks, juices etc at restaurants. These items have a high markup and you will be saving a lot just by drinking plain water. 

2. Eat Out With Friends and Family Always try to visit restaurants with a few people. The more number of people you have, the better. It’s simple Economies of scale. Your meal will cost more if you are alone and you will be wasting foods because items are so plentiful. Example: if you have five people, you don’t need to order five main dishes. Order three main courses and two appetizers or salad. 

3. Coupons Save You Money Use coupons. Find coupons in the newspaper, in the mail, on restaurant’s website, sometimes on the takeout menu. Also, if you join their emailing list, restaurants send out promotional coupons via email once in a while.

4. Look for Deals Always beware of special day deals, e.g., “kids eat free night”, “parents eat free night”, “birthday deal night”. Restaurants often offer deals on one slower night of the week such as Monday night, Tuesday night etc. By eating on these nights you will be able to save a lot. 

5. Lunch is Better Than Dinner Lunch will always cost you less than dinner. Lunch menus are often similar to dinner menus but you will be paying a lot less just for eating at a different time of the day.

6. Leftovers Should Not Stay Behind Do not leave your leftovers behind. Pack them up and they will save you money at home on the next day.

7. Avoid Appetizers Appetizers  or deserts are unnessery, wasteful, and usually cost a lot (another high markup item). By the time I finish eating main course at a restaurant, I find it hard to eat anything else. 

8. Special of the Day Before start browsing the menu, ask if they have any special of the day. Special of the day always provides better deal than items on the menu. 

9. Combo Makes Sense When ordering, pick combo or tiered meals instead of picking individual items. Combo means always cost less than if those same items were picked individually.

10. Plan Ahead and Stay Within Your Limit Plan ahead. Decide how much you want to spend and check a few restaurant websites to see where you can get a better deal. Also, plan how many times in a month you want to dine out. Do not cross your monthly set limit to visit restaurant and do not go over your decided amount to spend. 

40 Ways To Save Money On Textbooks

Money Saving Tips For Students

First Published Date : November 26, 2008 ADawnJournal.com

Recently, I have noticed a lot of students are visiting ADJ. I can’t mention names from the U.S. (because there are simply too many to name), but these Canadian institutions have highest concentration visiting ADJ: University of Manitoba, University of Toronto, York University, and Seneca College. I guess ADJ’s simple language and easy-style articles are able to appeal to students. I thank you all for visiting this site and today’s article has been specially written for you, whether you are a 20-year-old or 50-year-old student.

Buying textbooks is something every student goes through in their school career. An average textbook costs about $100 and each year you will be spending nearly $1000 on books. The objective of today’s article is to show you how you can cut your textbook costs considerably by taking some simple steps. I will discuss this in two parts. In part one, I will show you what you can do to save money on textbooks. In part two, I will mention some websites that can save you money.

Save Money On Textbooks – Part 1

Borrow From Someone Else

Find someone who already completed the course and borrow their book. One thing you need to be aware of – make sure your borrowed book still applies to the course. Publishers often change editions so old books no longer do the job. That’s how they make money.

Buy Used

Buying used books is a great idea to save money but you need to find someone who is selling what you are looking to buy. You can check your school notice boards, newspaper ads, and online ads to find used books. I will be giving you some sites to find used books online in part two.

Photo Copy Those Pages You Need

Get a book from someone and copy those pages you need. Before doing this, make sure it does not violate any legal terms and conditions.

Trade books

Trade books with someone who has the books you need. This is simply giving someone the books he needs and taking from him/her the books you need.

Sell Books

Don’t forget to sell your books once you are done with them. Your friends will likely want to buy from you if you give them a good price.

Avoid Campus Bookstore

Avoid campus bookstore unless they have books on sale. Usually items are always overpriced at campus bookstores.

Group Buy

Take courses with your friends, divide the book’s cost by how many of you are taking the course and each contributes to buy the required textbook. Make agreements beforehand stating how long each of you should keep the book during the term. During the exam, do group studies so all of you can use the book. Once you complete your term, sell the book and divide the money equally.

Use the Library

It may not be always possible to obtain a copy from the library; however, make sure to check the library before buying. The library has limits on how long you can keep a book. Taking a course with friends helps to keep books within your circle – another advantage of registering for courses with friends. Also, if your library has the book on reserve, you can go there and read it.

Campus website

You can buy and sell used books on your campus website. Since you will be dealing with other students, you will find good bargains and hard-to-find books because both buyers and sellers are dealing with the same institutions.

Save Money On Textbooks – Part 2

Websites That Save You Money On Textbooks

Here is a list of websites that will save you money. Keep this list handy by saving this page on your favourite online bookmark.

Buy Textbooks Online

Check these sites to buy online. Always compare many sites before buying. You will find great bargains if you spend a little time researching different sites.

Amazon.com – The biggest online retailer. Remember, Amazon also displays items from other merchants. Usually these items are a lot cheaper than Amazon’s own. So don’t place your order after checking Amazon’s own listings only.

CollegeBooksDirect.com – You may be able to find books for less than Amazon

TextbooksNow.com – You may be able to find books for less than Amazon

Comparison Online Sites

BigWords.com – Pulls new and used books prices from sites. You can compare them on one screen.

CheapestTextBooks.com – specialized in academic books.

Half.com – eBay owns Half.com. It is possible that you many find items here for less than Amazon.

BooksPrice.com – Easy to use price comparison site.

CampusBooks.com – Buy, sell, and compare textbooks.

ValoreBooks.com – Student’s textbook marketplace.

AbeBooks.com – Find old, new, rare, and out of print books

Alibris.com – Find old, new, rare, out of print, and international version books

BestBookBuys.com – Compare new and used books. International versions can be 80% to 90% cheaper than U.S. versions.

BuyUsedTextbooks.com – Specialized in academic books.

CampusBookSwap.com – Buy and sell used books.

TextBookX.com – Buy and sell new and used books. Also, you can buy and sell through your Facebook profile.

Rent Textbooks Online

It is possible to rent books these days. You will be paying one third or less than book’s original price for a semester

CampusBookRentals.com – Rent your textbooks.

Chegg.com – Rent a book and Chegg will plant a tree.

Legally Download Textbooks Online –

FreeloadPress.com – Download your textbook free.

Project Gutenberg – Download free eBooks and audio books. This site was made by volunteers. They gathered materials from the public domain and put together on this site. 

Textbookrevolution.org – Get your free books from a site run by students.

Electronic Textbooks

These sites offer to share, subscribe, and print (some limitations apply) electronic textbooks or eTextbooks online.

CafeScribe.com – Share, subscribe, and search notes and textbooks. You need to have MyScribe reader and it’s free.

CourseSmart.com – You can save up to 50%. Buy and access eTextbook instantly.

Springer.com – Specialized in scientific, technological and medical books, journals, and reference works.

Misc

The Internet Public Library – Not only students but anyone can take advantage of this huge Internet Library. I highly recommend it.

Open Course Ware Consortium – 200 educational institutions from around the world are sharing digital publication of educational materials. I highly recommend it.

Bonus Tip

ADJ has lots of money saving articles. These articles are primarily located under Personal Finance or Smart Tips categories. Reading and applying these articles will save you money. Also, I’ll be writing more on this topic in the future, so keep checking back. Don’t forget to bookmark this site for later use.

Internet is opening the door to a new world of endless possibilities and opportunities. Students, educators, and anyone who wants to broaden knowledge can do so without spending bundles of money these days. Until recently, textbook publishers were able to charge ridiculous prices for textbooks because we did not have any options. However, those days are gone. Equipped with powerful information, it is possible to acquire knowledge these days without paying a fortune.