BMO Bank of Montreal (BMO) recently introduced BMO MoneyLogic, an online personal financial management tool. With BMO MoneyLogic at your disposal you are able to view, track and manage both spending and savings accounts, prepare budgets and set financial goals, all within BMO’s online banking system. BMO has introduced a new feature to BMO MoneyLogic;
Archive for the ‘Budgeting’ Category
Preparing for a Personal Financial Crisis
Any thought of being hit with a negative event that could affect your finances is not something we like to think about, but it can happen. The prospects of something expensive, and beyond your control, can become less threatening if you are properly prepared for the unexpected. Virtually, we have to prepare for the unexpected,
How to Control Impulse Spending
Impulse shopping is something that has plagued humanity for decades; we see something and suddenly we have an urge to purchase the item. The majority of people find themselves giving into the urge, making it difficult to meet financial and savings goals due to the fact they are spending on every little thing they may
Patience is Virtue that can help your Financial Life
When we are younger, one aspect many people share is the fact that patience is not a virtue people hold close. Whatever was seen was wanted, and no time was given to actually consider the purchase or actions. It is easy to understand how you can find yourself drowning in debt. What you will find
Eliminating Unnecessary Spending to Improve Personal Finances
When it comes to our finances, there is one fatal flaw that everyone has, and that is seeing the cost of everyday items to be minimal. We tend to think “what is $x” to me right now, and then we purchase the product. Now if you are among the minority who only does this on
Where does all your Money Go?
Today I came across an interesting survey from Scotiabank, which questioned Canadians on a great personal finance question: “Where does all your money go?” The question above is something we find asking ourselves more often than not; at the end of the month, for many people who do not go through their finances enough they
Knowing when you are being Pressured
Just yesterday I spoke about spending peer pressure, and what you can do to avoid it. It was running through my mind and I realize that even if you know various methods to avoid spending peer pressure, you still need to become aware of when you are spending because of peer pressure. How do you










