What Are Three 3 Common Budgeting Mistakes To Avoid?

Mohamed Konate


Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook. Read his full author bio

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What Are Three 3 Common Budgeting Mistakes To Avoid?
Published by Mohamed Konate | Mar 01, 2024
What Are Three 3 Common Budgeting Mistakes To Avoid?
Reading Time: 3 Min Are you struggling to manage your finances and keep to your budget? You’re not alone. Effective budgeting takes practice, and it can be easy to slip up or make mistakes with your monthly finances.  In this article, we explore the three most common budgeting mistakes and how to avoid them.   If you’re ready to get… Continue reading What Are Three 3 Common Budgeting Mistakes To Avoid?
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What Is The 30-Day Rule?
Published by Mohamed Konate | Mar 01, 2024
What Is The 30-Day Rule?
Reading Time: 4 Min Are you struggling to control your impulse purchases and wondering how to save more money? Look no further – the 30-day rule might just be the game-changer you’ve been searching for.  The 30-day rule is a technique designed to help you resist impulsive purchases. It works by introducing a 30-day waiting period before purchasing an… Continue reading What Is The 30-Day Rule?
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How Much Money Should You Be Saving From Every Paycheque?
Published by Mohamed Konate | Updated Mar 08, 2024
How Much Money Should You Be Saving From Every Paycheque?
Reading Time: 4 Min If your goal this year is to save, then putting away a little of your paycheque every month will quickly accumulate into a solid savings account. But how much should you put into savings each month? And how do you start?  This article explores the different approaches to monthly savings and offers guidelines and tips… Continue reading How Much Money Should You Be Saving From Every Paycheque?
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What Are The 3 P’s Of Wealth?
Published by Mohamed Konate | Feb 26, 2024
What Are The 3 P’s Of Wealth?
Reading Time: 5 Min Many of us dream of achieving financial success and building wealth but have no idea where to start. Enter the 3 P’s of wealth – a simple yet powerful framework to direct your actions to build and sustain wealth.  The 3 P’s stand for property, portfolio and passive income. In this article, we explore each… Continue reading What Are The 3 P’s Of Wealth?
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What is the 70/20/10 budget?
Published by Mohamed Konate | Feb 26, 2024
What is the 70/20/10 budget?
Reading Time: 5 Min The 70/20/10 budget is a budgeting strategy that’s gained popularity in recent years. It allocates your after-tax income into three main categories: 70% for living expenses, 20% for savings, and 10% for debt repayment or donations.  In this article, we explore the benefits of the 70/20/10 budget and outline strategies to implement it effectively. Whether… Continue reading What is the 70/20/10 budget?
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How Long Should I Use A Secured Credit Card Before Applying For An Unsecured Credit Card?
Published by Mohamed Konate | Feb 26, 2024
How Long Should I Use A Secured Credit Card Before Applying For An Unsecured Credit Card?
Reading Time: 3 Min If you want to upgrade your secured credit card to an unsecured card, you might wonder how long you need to use your secured credit card before this is allowed. The good news is there are no minimum or maximum limits for how long you can use a secured credit card. Instead, when you upgrade… Continue reading How Long Should I Use A Secured Credit Card Before Applying For An Unsecured Credit Card?
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