Canadian Tour of Personal Finance Blogs

Welcome to the Nov 27, 2007 Canadian Tour of Personal Finance Blogs.

I want to thank all of our Canadian personal finance blog participants.

Nancy Zimmerman wrote about:
Personal Praxis: the process of change as it relates to money, and my menu!"

I was intriqued by the terminology Personal Praxis. I looked up Praxis and it has the following meaning:
n. pl. prax·es (pr�k'sēz')
1. Practical application or exercise of a branch of learning.
2. Habitual or established practice; custom.
From dictionary.com

Personal Praxis=Practical application of what we learn.. Isn't that a great idea for personal finance?!!

Frugal Trader - milliondollarjourney.com wrote a post :
How I (Try To) Save money during Christmas
He gives us 7 points that cover purchases and expenditures around the Christmas Season. I like this point: If you have a crafty/artistic/baker side, how about making a gift instead of buying one? Not only does making your own goodies and gifts save money, it's a more personal touch!

This is a good post to read if you want even more tips about saving money at Christmas time.

Riscario Insider - riscario.blogspot.com wrote a post:
Three Tips for Holiday Spending
Riscario is taking a strong and maybe less emotional position on Christmas spending:
His Lessons Learned
Here are three tips to deal with overspending:
1. Know your prices
2. Know your limits
3. Delay opening impulse buys

Riscario's got a good disciplined approach to Christmas spending.!

ThickenMyWallet wrote a post about:
Holiday Spending- do you want your mutual fund gift-wrapped?
ThickenMyWallet has had quite a few invitations to financial seminars recently and has witnessed the high pressure smoke and mirror pitches by mutual fund companies.

He offers 3 points about shopping for mutual funds.

1. Be careful of spending tons of money on expert speakers who tell you that they will help you get rich by following their advice.
   
2. Skip the product and master the strategy first. He promotes than developing a prudent and sensible strategy rather than following marketing's blinding lights.
   
3. Plan out your cash flow. Make sure you have the cash to get involved.

Canadian Dream Free at 45 wrote about:
A Review of My Holiday Spending
Canadian Dream is answering a question about how he handles his holiday spending.
I like his approach that he allocates his Christmas budget well in advance of the holiday. He tallies the amount of people that he's buying for and the figures out the total budget that he's going to spend. IE. If he's got 24 people to buy for, he's only going to spend $1200, or $50 per person.

This is a great idea as you know how much you're going to spend per person and won't go looking for much more expensive gifts! I really like this practical approach.

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I want to thank our participants for giving us these great posts with a Christmas spending theme... I'm glad we did this theme at this time of year as there are many millions of people who get over anxious about christmas spending and trying to buy enough goodies for their loved ones. Much of the time these unaffordable gifts go on the credit card and cause alot of after-Christmas stress for the givers.

We have had many good tips and money saving ideas from our participants today, and I encourage you to visit their blogs and read their full blog posts!

Some of the scheduled bloggers got side tracked and I'm sure we'll catch them on the next Tour.

NEXT Canadian Tour of Personal Finance Blogs tentatively scheduled for December 9, 2007

Let me know if you want to participate as a host and blog poster.!!


SEE: About Canadian Tour of Personal Finance Blogs