A Money Coach in Canada

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Words to know.   Words to know.

Deleveraging: Cutting back on amounts borrowed. For you and me, it means we pay off our visas. For banks, it means paying off short-term debt or converting it into long-term debt (roughly like we’d pay off our visas with our mortgage lines of credit. Roughly). What this means for you and me: Banks have less (borrowed) money to lend out to us. What this means when we do it: I suppose we slow down the economy because we’re not buying as much.

Disinflation: inflation (ie. rising prices) slows down. What this means for you and me: We won’t need as much of a raise to keep our purchasing power the same next year (shh! don’t explain this word to your boss!)

Bottom: The lowest point of an economic cycle. (But you knew that). We keep thinking we’ve hit the bottom, like in Nov. when the S&P hit 752, only to discover the economy can go further down, like this past Friday, when the S&P hit 666. (yes, six-six-six). Naturally, we all now hope this time we really have hit the bottom.

Billion: Snopes confirmed this explanation of “Billion” remains fairly accurate:

  • A billion seconds ago, it was 1977
  • A billion minutes ago, Jesus was still alive
  • A billion hours ago, we were in the Stone Age

Or, 1/3 of the number of photos on flickr last November.

3004581649_8d27ea03331Photo Credit:  Will Lion

About the Author

Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

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