Sean Cooper, Personal Finance Journalist

Incremental Budgeting: Gaining Capital Over Time

By Sean on April 16, 2019

Incremental budgeting is a budget type where you add a specific amount of capital to a previous quarter’s or period’s budget to permit slight increases. This method is mostly used as budgeting for businesses. Although this budget method is simple (much simpler than activity-based budgeting), most financial professionals won’t recommend it. The main reason is…

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Zero-Based Budgeting: Every Dollar Matters

By Sean on April 4, 2019

Zero-based budgeting is when you allocate every dollar of your monthly income for budgeting purposes. In other words, your income minus expenses should be equal to zero. To do that, you need to ensure your monthly expenses match your monthly income, and that every dollar is being given a purpose. Here’s an important distinction: A…

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Disability Tax Credit

By Sean on March 25, 2019

The disability tax credit (DTC) is a tax credit to help lessen the tax burden of those with a disability and their supporting person. In this article we’ll look at who is eligible for the DTC and what happens after you send in Form T2201, among other things. What is the disability tax credit? The…

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