This money coach loves these guys. And you will too. Not to mention you’ll love being a Saver.

Until this morning, I forgot to deal with it!  Sorry, Planet and fellow humans!

One solution would be to stay put, but I don’t have it in me to pull that one off.

There is something I can do though, and so can everybody:  factor the price of cleaning that pollution up (why wouldn’t I?) into my trip costs.  How?  By purchasing carbon offset credits.  The money we pay goes to things like helping build alternative energy sources so that in time we can wean off of energy that harms the environment.

I just paid $30 to a carbon offset project, which is apparently about what I owed to clean up my part of the pollution.

It’s pretty cool.  The project I supported is in India, near a sugar (cane) farm.  Previously, the discarded canes just got burnt up or left to rot, releasing methane and CO2 into the air.  Now, the discarded canes get used to create energy, and also get converted into fertilizer.  Both of these have created additional business for the farmers, in addition to the environmental benefits.  Check out the vid below.

Would you like to counteract the pollution created by your travel?  (and why wouldn’t you?) It’s really easy. The David Suzuki Foundation and Pembina Institute did the homework for us and recommend which companies to use (see page 10).  I used Less.ca, the top-rated one.  Drop in your starting point and your destination, and it figures out roughly how much pollution your trip generates, and how much it will cost to counteract, then you purchase the credits online.

Photo Credit: Andrew Albuquerque

My hands tremble whenever I shell out over $300 at a time.  Today I swiped out $605.00 to our local sports shop.  If it wasn’t for the fantastic service by Acki, I don’t know that I could have done it.

No more cotton t-shirt, wool cardigan, Roots hoodie and feather vest for this winter runner hopeful!  Now that I know I’ll be in Yellowknife a couple more years+, I took an icy breath and bought the following to handle running in the coming -30C.

• Merino wool sports bra
• Base Layer (merino wool)
• Jacket (fleece lined windbreaker)
• Thermal running tights
• Salomon runners (gortex)

There are two problems though.

1. The jacket doesn’t have an inside pocket.  This means my iPhone (indispensable) will be in an outer pocket which will kill the battery in our -20C not to mention is more vulnerable if I fall.   Any suggestions for me on this?

2. The shoes, alas, I think must be returned.  The heel fits just a bit loosely and they slip up and down ever so slightly.  It’s ok for a brief bit but 30 minutes would turn into a real problem, I’m sure.  Or, when it’s cold, will I welcome the looseness for extra socks?

Photo Credit:  Teo

(pssst: Want to become a world traveller but don’t have the money? My business helps folks set and attain those kinds of savings goals!)

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When my parents first told me they would be traveling to Nicaragua with my sister, my immediate reaction was, “Have fun with that.” But no more than a day later, my brother and I decided we would tag along for the trip.

For as long as I can remember, whenever I was asked if I would be interested to travel to the homeland, I would always say no and that it would never happen. “Not a chance in Hell!” I think I was afraid of what I would see and learn. Living in Canada, I have gotten quite used to my possessions and other things we may take for granted.

If you are going to be traveling to Nicaragua, here are a few things to keep in mind:

1. Do not advertise how well off you are by pulling your smartphone (or anything else of value, for that matter) out of your pocket. This is foolish because it is quite dangerous. You are likely to attract the attention of no-gooders anyway simply by being a tourist. You do not need to become a target.
2. Be prepared for the electricity and running water to cut out at the most inconvenient of times.
3. Dress lightly. Why you would even consider wearing long pants is just beyond me. They do provide great protection from the bugs though…

Now, as a super user of social media (Is saying “it consumes my life” too strong?), I usually rely heavily on Wi-Fi and for the most part (if at all), that isn’t an option in this country. So my one tip for those of you who are like me:

Turn off your mobile data. The cost of data in Nicaragua in roaming fees is astronomical. $25.60 per megabyte of data (if you are with Bell), to be exact. If you are looking to tweet or update your status on Facebook, set up the mobile texting service before your trip. The cost of sending a text is $0.75. A much better alternative. Facebook’s number is 32665 (FBOOK) and Twitter’s is 21212. You can set up these services straight from your phone or on the web. Leave all other events that would require data for cyber cafes. Cyber cafes are incredibly cheap and usually have 30min, 45min, or hourly rates for less than $2.50, maybe even $2.00. And you may want to keep phone calls short as they are $2.99/min. Don’t be a victim to the thought of “I’ll barely use the data, so I should be fine.” When they say apps run in the background, they mean it, and they consume a lot more data than you might think. Save yourself the headache and save yourself a lot of money.

Things are cheap in Nicaragua for the visitor. It was actually quite heartbreaking to see just what kind of life my family has. To bring things into perspective, I present to you some facts.

1. Beer can cost as little as $0.85, which, if you can stand to drink a beverage that will dehydrate you in the already blistering heat, I say go for it. My drink of choice during the whole trip was Coca-Cola, because water never did seem to come cold enough.
2. Food here is always fresh and local. Think about it! You are not paying to have someone bring in the food from another country. IT IS ALL THERE. And it is also cheap…for us. Twenty dollars really can get you so much. How much does the average Canadian family (say of four members) spend on groceries per week? Maybe around $150.00? Take that amount and think of it feeding your family for a whole month, if not more. Sounds great, right? Now think of how difficult that money is to come by, considering most homes are single income… Yeah…

And now for the kicker:

After speaking to one of our cousins’ wife, she was telling us how they had afforded to buy their home using the money earned by selling shoes that never quite made it to shelves, or were claimed. Think of how Winners sells brand name clothes for cheap because of defects in the stitching, missing buttons, etc. You know, the little things that don’t really matter. So a friend from the US would send down boxes of shoes, and she would sell them locally. When I asked, she told me that to buy the lot cost them 8,000 Cordobas, Nicaraguan currency. The materials to build the house cost another 8,000 Cordobas. This is in Esteli, one of the larger cities in Nicaragua. But let’s play a guessing game to see what that amount of money translates to in dollars.

For the total of 16,000 Cordobas, to buy yourself a lot and then build a home of approximately 800 square feet, what would be the equivalent cost in a consumer home electronic?

Would it be:
a. Nintendo Wii – $149.99
b. XBOX 360 250GB Kinect Bundle – $399.99
c. iPhone 4 32GB – $779.00
d. iMac 27-inch: 2.7GHz – $1,699.00

You might be shocked that I didn’t go any higher. Well, truth be told, I wouldn’t want to attract that much attention to my own home, depending on the location. But if you picked “c”, the iPhone 4 32GB model, you would be slightly over. The exchange rate that stuck with me the whole trip was 22.3:1. So for 8,000 Cordobas, that was around $360.00. So you could either own a vacation home in Nicaragua for the price of two XBOX 360’s for one of your LAN parties, or one iPhone 4, from which you might even be reading this very blog post. Kind of makes you think, hey?

Now, this entry is not meant to guilt you, but rather expose you to the reality of the kind of life you’ll be seeing if you take a trip down there. I have heard that one can spend nights in some cheap hostels for about $8.00, and transportation itself is very cheap and there are many options: mini-taxi, tricycle, motorized bike, motorcycle, mini-bus, you name it. Souvenirs are also very cheap, so you really won’t need to worry about how much you’re spending on gifts to bring back home to family and friends. Just don’t get too comfortable with how inexpensive most things are. Spend only for what you need, and if you feel you have some to spare, donate to the locals. You have no idea how much a little bit for us means a lot for them.

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Jean, aka Jeryes, is a long time Yellowknifer with bucket loads of ambition but with absolutely no direction. Dreaming of one day becoming either a musician, a designer, a writer, or a teacher (to name a few), he spends most of his days in the online universe correcting people for their misuse of punctuation and spelling errors. He is also allergic to cats.

Photo Credit: Damon_Torgeson

$350 (instead of the usual $1200+ or so) for a late-June ride from Edmonton to Halifax (actually, it may have been Toronto, but still!)
First Class
Private cabin
All meals (legendarily gourmet) included
Private washroom; access to shower
Sleeper berth at night

My point is: Via Rail continuously offers fantastic deals. You can find them here. Why fly when you can sit back and glide through the Rocky Mountains, or across the Prairies and into the lush land of Southern Ontario or further?

Photo Credit: Madbuster77

How to keep your wallet happy in Thailand – “The Land of Smiles” is brought to you by a former colleague, Heidi.  She is a teacher-turned-banker-turned-teacher and is currently teaching primary school at the British Columbia International School of Bangkok.

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Probably the most expensive part of your trip to Thailand will be the airfare over here, but once you land, here are a few tips to help you save some Baht along the way.

Cash is King

Before you fly over here, order some Thai Baht and ask for a mixture of denominations (20’s, 50’s, 100’s). The exchange hovers around 30 Baht to the Dollar, so about $100 worth of small bills will be plenty – otherwise you’ll need a briefcase to carry away all the Baht!

7-11 the Unofficial Bank of Thailand

There is no problem using your ATM or Credit Card in ATM machines in Thailand, but the problem occurs in that they only spit out 1,000 Baht bills, and you’ll be hard pressed to get 970 Baht change from the streetvendor who just cooked up some Pad Thai for you. So “Oh Thank Heaven” there’s 7-11, where I believe it is their unspoken duty to change a 1,000 baht note for that 7 baht bottle of water you just bought (yes, only 25 cents for bottled water!) Not only will you appreciate the sub-arctic temperature they keep the store at, but you won’t get a deathly stare when you present them with a 1,000 baht bill. And 7-11 over here truly is like a bank – you can pay your cable, internet and electricity bills or even pay for a flight that you booked online, all while you buy your slurpee!

Transportation

Getting around Thailand is pretty cheap, but you can make some costly mistakes. Let’s start with when you first step off the plane in Bangkok – they’ve just completed a high-speed train directly from the International airport, so now it’s cheap, easy and fast to get into downtown Bangkok. If you’ve been flying for hours on end though you may just want to hop in a cab – just make sure you follow the signs outside to the official “Meter Taxi” stand – you do not need to negotiate this fare as the meter taxis are on a fixed rate per kilometer.

Getting around Bangkok you’ve got multiple modes of cheap transport: skytrain, bus, taxi, tuk tuk, or if you’re really brave – a motorcycle taxi! One of my favourite modes of transport though is the water taxi. For about 50 cents you can get an hour-long river boat “cruise” on one of the traditional Thai longboats. No need to pay a huge amount for a river cruise when you can hop on their water-transit system for 14 baht!

Everything is Negotiable

I’ve never really been much of a haggler myself, but I’ve had to get into the game here, because I quickly realized that if there’s no sticker price on something (which there rarely is!) then the price is open for debate. Many foreigners come here and feel like they are constantly being “ripped off” because they see the Thais paying a different price, and I felt that way too until I put a few things into perspective, namely that the Thai minimum wage is 300 baht per day (about $10 a DAY!) As a foreigner living in Thailand we would never be paid that low, and as a traveler, you would have brought money with you for your trip, so in their eyes we get paid more, so we should pay more. Saying that though, there’s a difference between paying the “farang* tax” as I like to call it and being taken for a ride.

My advice on making sure that you are paying a fair price is to shop around a bit to get a sense of what the item is worth before making your final purchase. And when it comes to taxis or tuk tuks, either make sure they turn their meter on, or you negotiate the price of the ride before you drive away – otherwise they literally will take you for a ride…like to their cousin’s restaurant or brother’s gift shop!

Overall, your money will go a long way…it’s just a matter of saving up so that you can buy yourself that plane ticket here!

*farang (or sometimes pronounced falang) is the Thai term for a foreigner. The term derives from the word Francais, as the French were some of the first foreigners to come to Thailand. And Francais in Thai is Farang-set…hence anyone who doesn’t look like they come from Thailand is instantly referred to as a farang.

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Want to travel to Thailand but need the money?   My business helps folks get organized and in control of their day-to-day finances to obtain such goals!

Moscow is expensive. Period. But, don’t let that little known fact get in your way. It has a lot to offer. With a little street sense, your roubles will go a long way!

1. McDonald’s!
Did you know McDonald’s was invented in Russia? Actually no, but that’s the running myth. Don’t ever over look a McDonald’s in Moscow because they are golden (pardon the pun). McDonald’s has free and clean washrooms. Sadly, more often than not, you pay your 20 roubles to use a washroom and you’re left dealing with a stinky hole in the ground. McDonald’s to the rescue! The key to using the free Wi-Fi without being harassed is to look like you’re eating. A friend of mine entered McDonald’s, collected some random trash off of tables, and then sat in the restaurant for an hour surfing the web. McDonald’s of Russia is nothing like the ones you find in North America. They are well-kept dining experiences.

2. Collect those Flyers!
I spent my first six months in Moscow turning my nose up at people trying to hand me flyers on the street. Finally, my roommate asked me why I wasn’t taking advantage of the great deals. Unlike the street flyers I found in North America or Britain, these flyers actually offered deals- no 10% off your second latte ridiculousness. Always grab a flyer from someone standing outside one of Moscow’s coffee chains (Шоколадница or Кофе Хауз) because they give away two-for-one coffees and sandwiches.

3. Count your Roubles!
Russia is not and I repeat not a plastic society! You will be expected to pay in cash for everything. If you’re paying by credit card then chances are you’re paying for some inflated foreigner benefits. When exchanging money, ensure that you receive small banknotes. You’re expected to pay in cash and to give exact change. If you try to buy a can of cola with a 1,000 rouble note you might be out of luck. It’s wiser to count out your money in coins then risk having to purchase extra items to make the cashier happy.

4. Watch what you eat!
When dining, keep a menu with you. More often than not, the menu will have photos to help you identify your meal. When you receive the bill, review the items on it. Not every restaurant is out to rip you off but it does happen. Some restaurants take advantage of foreigners who can’t read Russian and add extra hoping you won’t notice. Quickly scan your bill for any extra items and compare any unknowns to the menu.

5. Service with a Smile!
Tipping your waiter is still customary in Moscow but you don’t need to go all out. Handing over only 10% is normal and expected. You’re not going to get an overwhelming ‘thank-you’ if you leave 25% nor will you be accosted if you leave 10%. Don’t worry about it.
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July features a series of posts on being smart with your money while travelling. Pop by previous posts:

• 5 details to sort out before you leave
• 5 tips if you are travelling to England
• A reliable way to save $$$ on accommodation, without sacrificing comfort
• Get your tax money back from foreign countries
• Some overlooked expenses of weekend getaways

Photo Credit: Neil1877

Looking for affordable accommodations when you travel this summer without giving up comfort? My pal Gregg saved hundreds on his European tour by using an online site.
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I’m 48 years old, and having just returned from a 3 week/9 city whirlwind tour through Europe, I’ve been joking that it was my two decade late ‘post university tour’. For this trip, however, I wasn’t quite up to the thought of lugging a backpack around and sleeping in less-than-private hostels. I wanted a bit more peace-of-mind knowing I had a room reservation and, if at all possible, a private bathroom.

As I went online to research hotel prices in Europe my naiveté became apparent. I was making my plans only two to three weeks from my departure date and WOW are hotel rooms expensive – those ain’t dollars, they’re Euros, worth 40% more! As I contemplated delaying my trip, I decided to look at more affordable options having recently heard there were web services connecting travellers with people renting out rooms and apartments. So I started my search and came across AirBnB.com

Airbnb lets anyone search and book rooms, apartments and unique spaces from people around the world. Membership is free and the only fee you pay is a small booking fee charged on top of the rental once you commit to a reservation. For my trip I was looking for a room for two people for two nights in cities like London, Paris, Amsterdam, Prague, Florence, Rome and Barcelona and found great convenient places for each of them. Prices ($CDN) ranged from $58/night for a room in someone’s London apartment near Canary Warf, to $77 for a full flat/apartment in Prague, to $90 for rooms in Paris and Amsterdam, to $93/$98 for Florence/Rome, and $88 in Barcelona for a full funky place in the centre of town that I booked last-minute using the Airbnb iPhone app.

Everything worked out great with all our reservations, and the best part was meeting local people who were more than happy to chat and provide insider tips and tourist information. Of course you can’t always tell exactly what a place will be like from a website photo (our Rome apartment was fine but the street and entranceway were not appealing), but Airbnb features like testimonials, photos and Google Street View minimize any uncertainty. And although you submit your credit card information when you book, the charge is held ‘in-trust’ until you arrive and find everything is suitable. This gave me great peace of mind knowing that I wasn’t handing out my credit card, or cash, to strangers, and that I could call Airbnb to cancel and receive a refund if the space was unavailable or not suitable.

The trip was great and staying with locals in each city really helped us feel connected to the cities and countries we were visiting. Although I found Airbnb to be the only site I needed to use, you can also check out Crashpadder.com, Couchsurfing.org, For Rent by Owners,and Vacation Rentals By Owners . I didn’t use these as the latter two focused more on apartments and homes for rent for longer stays, and the first two didn’t seem as feature-rich, but they may be worth a look too. To check out how Airbnb works go to: www.airbnb.com/info/how_it_works.

Bon Voyage!
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Gregg Taylor is a career coach and consultant who loves life, travel, and supporting people through life and career transitions. He can be reached at gregg at visionpath.ca

Readers: any tips for comfortable accommodations at affordable prices while travelling? Anyone use any other sites?

Featured Image photo credit: Jessamyn

It’s July!  Serious summer!  And I bet most of you have *some* kind of travel ahead. (Can’t afford to?  My online money management program can help!)  So this month, I have a series of posts lined up all about being smart with your money while travelling, or even living abroad.

First up:  England. After 3 weeks living with both a native Brit and a Cdn expat, here are 5 tips I’ve learned to save money while staying in England.

1.  Cel phones & Internet

I paid Bell an extra $100 for 100 phone minutes.  I can make the calls from the UK to anywhere in the world.   Usually these would be at nearly double that price for calling from outside my region so I’m glad I made the call to Bell.   However, I popped into a local  (England) phone shop (I forget the shop name, but they’re in every mall) and discovered for £10, or $15, they would have given me the same minutes on a new sim card.  Don’t know how to replace a sim card?  It’s super easy. Having said that, it would have involved jail breaking my iPhone (I got it for $200 in exchange for locking into a 3 year contract with Bell) which I was hesitant to do.

Internet?  Of course I turned my roaming data off (and you should too, or you’ll probably regret it!).  I had hoped for the same kind of ubiquitous free wifi that Vancouver enjoys, but no such luck.  In fact, only one coffee shop and one pub has provided it free so far during my stay.   So I bit the bullet and paid £39 (about $60) for 60 hours of wifi from BT OpenZone.  Most coffee shops have BT OpenZone as an option.   Next time though, I’ll buy a dongle, although apparently they’re not as fast as using BT OpenZone.

2.  Grocery Stores

Obviously buying groceries is less expensive than dining out.  Grocery stores here seem to supply way more quick-and-easy (yet healthy!) travel-friendly items than Canadian stores.  Marks & Spencer is particularly fabulous – little curry bowls and fancy-schmancy couscous boxes, for example.   As you would expect, there is a range between super-value grocery stores up to high-end grocery stores.

Sainsbury is probably the most value-for-dollar.  Think:  SuperStore.

Tescos are everywhere, and a good, basic store.  Think:  SaveOn

Marks and Spencer are probably comparable to Safeway.

Waitrose is generally top end, perhaps comparable to the IGA Marketplace.

I have not seen anywhere comparable to  Urban Fare or Whole Foods (Waitrose might reach those heights but I’ve only been in one small one).

3.  Trains. Trains are the way to go between towns.  The further in advance you book, the better the fare.  Use trainline to find the best deals.  So far I haven’t seen any real advantage of going first class over economy, and I’m not just saying that because I’m a money coach.  So unless you have money to spare, stick with economy.

4. Many galleries – top calibre galleries – are free or by donation.  Spend time enjoying them!  The Tate Galleries, The National Gallery, Natural History Museum — enough to keep you engrossed for hours, for free.

5. Shows.  If you’re prepared to risk not getting a seat at all, really super-low deals can be had by booking same-day theatre tickets from Last Minute.

One thing everyone should know is that the whole country is well in to the chip-(debit) card. My debit card isn’t (I’d received the card but not my pin before I left) so I can’t use it at all! Problem inelegantly solved by using my visa which is chipped.

Readers – any of you travel in England a lot? What would you add to this list?

Photo Credit: APDK

This is my question to you. (And I ask this question after truly trying to change my thinking… imagining piles of $$$$$$ instead of clothes, etc., and making budget after budget, but to no avail. I still find myself enroute to yet one more store in my moments of boredom.) Question: Is it ever wise to actually cut up your credit cards? Do you ever give that advice to people? I truly do feel as though my spending and justifying it is out of control…however, if I was ever invited out to 30 great parties in a row, I would have some great dresses and shoes to wear to every single one of them! But, I did not make my RRSP contribution this year, and all those dresses won’t do me any good when I am 70!)

Thanks!
Cathy from Ontario
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Thanks for your question, Cathy-from-Ontario! It’s a good question and you’re in good company. In fact, according to a recent report by TransUnion, the average Canadian owes $25,597 in addition to their mortgage, of which $3,539 is credit card debt.

Here’s what I recommend:

1. Assume you will never win the fight against short-term satisfaction versus long-term anything . It’s well-established that we humans are hard-wired to choose the lesser-but-immediate gain (hot dress) over the greater-down-the-road gain (healthy RRSPs when you’re old or simply a healthy savings account). Don’t beat yourself up over this – I don’t beat myself up – but acknowledge it’s a component of your humanity that needs to be factored in. But it doesn’t end there…

2. You can set up the game to increase the odds that your rational side – the part of you that does want to opt out of the consumption train in favour of thoughtful budgets and your old age – has a fighting chance to win over your emotional and energizing side – the part of you that “connects” quickly to spending. Here are three ways that work for me:

a. Set up savings accounts precisely how you mentioned, ie., for specific items. Mine include “holidays,” “dog emergencies,” “slush fund”. Each of these have a gut-level attraction to me, so I have an emotional commitment to them. Find the items that resonate for you — a gift for your child? a great outfit for an upcoming event? Then set up saving accounts AND set up regular contributions (even $25/paycheque) into them. (By the way, I use ING – super fun for multiple savings accounts – and if you sign up with them, quote my “orange key” as 14641937S1 and we’ll each get $25 or something like that.) Will this create your retirement plan? No, but it will easily and quickly shift your self-perception into being a Saver and trust me, that will start to play out for you over time. Plus, you’ll have money ready for stuff you value.

b. Give yourself full permission to shop when you are bored With This Caveat: you can only buy the item(s) you find the next day. If you still really want it the next day, go for it. Truly. This little trick is the.single.most.effective habit that turned me around. I can honestly say I basically never impulse buy any more!

c. Create a new pathway. Right now, it sounds like you are in a rut: I’m bored -> I shop -> I buy. Think this through right now: next time you are a little bit bored, what is an alternative action you could take? It’s important to identify just one action. Then, try it out. Next time you are a little bit bored take that action and see how it works. It will take a bit of “muscle” to develop the new pathway, so it’s important to start with the little bit bored times. With repeated practice, a new pathway will be created.

3. And the credit cards? Don’t cut them up. But do lower their limit. I have a $1000 limit on mine. A low limit helps us think of them in a healthy perspective – there when we need them, but not for all our wants and dreams.

Hope that helps Cathy!

And, of course, check out my $25 online program which will help on exactly these sorts of issues!

READERS: If you have a question about your finance (not investment or tax stuff, but day-to-day issues) by all means e-mail me: moneycoachcanada at gmail d0t com.

Photo Credit: consumerist