Category: Finance

  • Textbooks Are Pricey, But It’s Possible to Save On Costs

    Textbooks Are Pricey, But It’s Possible to Save On Costs

    Textbooks for college and university courses are necessary – unfortunately, they are often also very expensive.

    If you prefer to buy new and can afford to do so, feel free!  But if, like most students, you’re looking to save on textbook costs to maximize your budget, there are plenty of ways to find textbooks for a lower price – and in some cases, for free.  It can take a bit more effort than simply walking into your campus bookstore, but the savings will be worth it.

    Used Textbooks

    Buying your textbooks used is the most obvious cost-saver, since used books will often be priced significantly lower than brand new.  Used book stores located near your campus are likely to have previously owned textbooks that other students have sold, though whether you find what you need or someone else beats you to it can be a challenge.  Most campus book stores will also have a section for used copies of required texts, though again these will disappear quickly.

    Shopping around online will also yield plenty of used textbooks.  Kijiji, Facebook Marketplace, Amazon, and eBay all regularly have textbooks available used or otherwise discounted.  Often there are also local campus or student groups who organize online communities to connect students looking to buy, sell, share, or trade their old texts.  You can also arrange with friends to either buy their used textbooks when taking the same courses, or arrange to share in the initial purchase cost and then share the book between two or three people.

    Old Editions

    Buying older editions of a textbook is another great way to save on costs. Often a previous version will be almost identical to the current version, and will be more affordable or more likely to be available used.  How useful this tactic is will depend on the course and topic, however.  For example, different editions of novels for a literature course are likely to contain the same text, while a science or engineering textbook can become outdated between one version to the next.

    If you’re not sure whether an older edition will suffice, speak with your professor – they will be able to tell you how much of a difference there is between editions. If the material is almost all the same, it can still be worthwhile to buy the cheaper old edition and find any necessary newer material from another source such as from another student or friend who does have the new edition, or a copy at the library.

    Campus and Public Libraries

    Campus libraries and public libraries will often have copies of a necessary textbook, or (especially in the case of novels) will have multiple equivalent versions available.  For instance, aside from page numbers being different, one copy of Frankenstein will be the same as the next.  Often libraries will have both physical editions and digital ebooks to borrow, to suit whichever method you prefer.  And, of course, borrowing from the library is free!

    eBooks and Open-Source Textbooks

    Physical textbooks aren’t the only option anymore, thanks to the proliferation of digital media, ebooks, and mobile devices.  Digital versions of a textbook can be significantly less expensive than physical print versions, with the added benefit of not taking up space on your shelves.  Many publishers also offer digital versions of their textbooks, which can be purchased for ereaders such as Kindle or Kobo, as well as for using on a regular tablet or laptop.

    In some cases, open-source textbooks and other free digital books are a viable option.  Especially when it comes to older novels and texts, these are often out of copyright or otherwise available in the public domain, and therefore easy to find for free online at sites such as Project Gutenberg, Open Library, Google Books, Google Scholar, and many popular ebook services.

    Price Shop Online and In Stores

    Shopping around before you buy is good advice for any purchase, and can lead to some significant savings when it comes to textbooks.  Don’t just buy the first copy you come across – take the time to shop around online and in your local new and used book stores, and compare prices and editions.  This way you’ll be able to find the best value for your money, whether that ends up being a physical used copy, a digital ebook, or a new physical book.

    Rent Your Textbooks

    Another cost saving option is to rent necessary textbooks through your campus bookstore or another textbook rental service.  This enables you to use the newest version of a textbook, without paying full price.  The caveat here is that there are likely to be time limits on how long your rental period lasts, so make sure that what you’re renting will be yours for the amount of time you need it.  If you’ll end up renewing the rental one or more times, calculate the costs and make sure it’s still cheaper than buying the book outright.

    Sell Your Old Textbooks

    If you know for sure you won’t need a textbook after a class is done, sell it forward to a book store or another student to recoup some of your costs and help offset your next semester’s book-buying.  While this may not net you a huge amount of money—especially if you bought your books used in the first place—every little bit helps out the next semester’s budget.

    Grants and Scholarships

    Lastly, there are plenty of grants and scholarships available that will offset some or all of the costs of your textbooks for a course, a semester, or even the whole year.  Inquire with your school, as well as scholarship sites online, to see what’s available and what you’re eligible for.

     

    Sources

    https://www.universitymagazine.ca/how-to-save-money-on-textbooks/

    https://www.collegeraptor.com/find-colleges/articles/student-life/how-to-save-money-on-textbooks/

    https://www.savethestudent.org/shopping/how-to-save-money-on-student-text-books.html

    https://www.forbes.com/sites/robertfarrington/2021/07/21/how-to-save-big-on-college-textbooks-this-year/?sh=5805ed75982e

  • March 2023 Scholarships: Apply now!

    Nursing Scholarships
    Scholarship Value: $10,000
    Awards Available: 10
    Award Deadline: March 30, 2023

     

    Kezian Science Scholarship
    Scholarship Value: $1,200
    Awards Available: 1
    Award Deadline: March 31, 2023

     

    Global Lift Equipment Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 15, 2023

     

    Mission Creek Orthodontics Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 15, 2023

     

    Abbott Painters Scholarship Program
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 30, 2023

     

    Lift Parts Express Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 30, 2023

     

    LM Scholarship Program
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: May 1, 2023

     

    Luke Santi Memorial Award
    Scholarship Value: $1,000
    Awards Available: 1
    Award Deadline: May 31, 2023

     

    AIA and the University of the Aftermarket Foundation Scholarship
    Scholarship Value: $1,000
    Awards Available: 5
    Award Deadline: June 15, 2023

     

    OYF Memorial Scholarship
    Scholarship Value: $1,000
    Awards Available: 2
    Award Deadline: June 30, 2023

  • February 2023 Scholarships: Apply now!

    Eaton – Indigenous Clean Energy Scholarship
    Scholarship Value: $5,000
    Awards Available: 2
    Awards Deadline: February 28, 2023

     

    Nursing Scholarships
    Scholarship Value: $10,000
    Awards Available: 10
    Awards Deadline: February 28, 2023

     

    Women’s Cyber Security Scholarships
    Scholarship Value: $1,000 to $5,000
    Awards Available: 10
    Awards Deadline: February 28, 2023

     

    Lionel High School Chemistry Scholarships
    Scholarship Value: $16,000
    Awards Available: 2
    Awards Deadline: March 1, 2023

     

    Marjorie Young Bell Scholarship
    Scholarship Value: $48,000 ($12,000 per year)
    Awards Available: 6
    Award Deadline: March 1, 2023

     

    Global Lift Equipment Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 15, 2023

     

    Mission Creek Orthodontics Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 15, 2023

     

    Abbott Painters Scholarship Program
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 30, 2023

     

    Lift Parts Express Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 30, 2023

     

    LM Scholarship Program
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: May 1, 2023

  • The Cost of Living in Calgary

    Canada is home to millions of immigrants due to its world-class infrastructure, health care, education, and quality of life. Calgary is the largest city in Alberta. There are several reasons to live in Calgary: its beautiful landscapes and low cost of living beats other cities in the country. It has been reported that Calgary saw one of the most numbers of millionaires compared to the entirety of Canada. Besides that, it is one of the most congenial places in the world.

    Calgary seems to be the best place to live as opposed to other cities like Vancouver and Toronto in Canada due to the high expenses. The lovely weather and smaller population make Calgary a comfortable city to live in. What else do we need when the cost of living is low?

    Most people seek to move out of Vancouver and Toronto because of extreme climate conditions and the high cost of living. If you compare Canadian cities with Calgary, it’s rich in history and loaded with immense opportunities.

    The city is the home to the most affordable residential market in Canada. The good part is that there’s just 5% GST sales tax – it seems like a dream for Vancouverites! Calgary has an overall living index of 73.95 which is one of the lowest for Canadian cities.

    Calgary is economically rich, with high-quality education and a well-sound healthcare system. There are tons of job opportunities for people in every field since top company headquarters are situated in the city.

    From world-class scenery to A-grade quality restaurants and excellent infrastructure, Calgary is that place you want to be! After all, crime rates are among the lowest as compared to other cities in Canada. There’s fun for everyone since it’s rich in outdoor activities and sports like hockey. Besides, it’s the perfect place to opt for permanent residency and settle down. 

    Here is a breakdown of the monthly cost of living in Calgary!

    Transportation  (monthly)

    Gasoline (1 liter)           $1.66

     

     

    Monthly Pass (Regular Price) $112.00

     

     

    Taxi Start (Normal Tariff) $4.00

     

     

    Taxi 1km (Normal Tariff) $1.93

     

     

    Monthy household expenses

    Milk (regular), (1 liter)                    $2.28

     

     

    Rice (white), (1kg)

    Meats (1 kg)

                         $3.47

    $14-18

     

     

    Eggs (regular) (12)

     

    Vegetables

                           $3.97

     

    Starting at $2.90

     

    Living Cost (monthly)

     

    Apartment (1 bedroom) in City Centre

     

     

    $1,527.38

     

     

    Apartment (3 bedrooms) in City Centre $2,687.80

     

     

    Utilities  (monthly)

    Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment $254.81

     

      

    Source for data: https://www.numbeo.com/cost-of-living/in/Calgary

  • How pay inequality between men and women was highlighted during the pandemic

    How pay inequality between men and women was highlighted during the pandemic

    By Rabia Khan

    The pandemic hit all of us differently, and for working-class women, it hit even harder. The issue of inequality between men and women has always existed throughout the ages. Gender pay differences have been making headlines ever since women started getting recognized for their work. During the pandemic, the reality of inequality between genders was seriously addressed. Several studies predicted that women were vulnerable even before Covid hit the employment sector.

    Women workers and gender equality in the workplace have been studied by researchers at Simon Fraser University and the University of Saskatchewan in relation to the pandemic’s commercial issues. Due to the persistent pay gap between men and women, including imbalance in the most affected sections, women lost a greater number of employment opportunities during the pandemic. This should be enough to wake up young women who are pursuing to make it big in their jobs.

    Pay pain points between men and women highlighted during the pandemic

    According to Statistics Canada data from the Labour Force Survey, women workers in the city of Ontario took home earnings of $0.89 for every $1.00 men earned in 2021. The survey proves that the gender gap has narrowed. Due to many reasons, women have also worked fewer hours than men.

    Women lose their sense of seniority because of caregiving roles they’re forced upon and are likely to work part-time rather than full-time because of expectations to run a household. Women struggle to overcome the gender gap and disparity even if they’re highly qualified. Alberta and British Columbia saw the highest gender wage gap over the past few years. Women indulge in unpaid work as opposed to men.

    According to Pearson Global Learner Survey 2021, the future shines bright for women who belong to the ‘Gen Z’ category. The survey revealed that Gen Z women predicted that gender equality at work would improve by 36%, whereas millennials predicted it would improve by 25% and Baby Boomers predicted it by 29%.

    It is also revealed that when it comes to negotiating salary, men demand more than what is expected out of them, while women shy away from demanding for more. The female-to-male contribution rate decreased from 0.61 to 0.63 during the pandemic and the low percentage shows women are facing worst gender inequality. Lawmakers have not acted as they should to address the gender ratio disparity because it all boils down to spending money.

    What can be done

    The overall findings make it quite evident that anything that advances women’s rights helps the country and civilization across the world to grow. The virus outbreak brings that into clearer focus and presents some extremely difficult decisions. It’s time that industries and government take action to improve the lives of women.

  • January 2023 Scholarships: Apply now!

    Shred Nations Scholarship Program
    Scholarship Value: $7,500
    Awards Available: 1
    Award Deadline: January 31, 2023

     

    ExploraVision Awards
    Scholarship Value: $10,000
    Awards Available: 40
    Award Deadline: January 31, 2023

     

    Society of Manufacturing Engineers Scholarship
    Scholarship Value: $10,000
    Awards Available: 200
    Awards Deadline: February 1, 2023

     

    Women’s Cyber Security Scholarships
    Scholarship Value: $1,000 to $5,000
    Awards Available: 10
    Awards Deadline: February 28, 2023

     

    Marjorie Young Bell Scholarship
    Scholarship Value: $48,000 ($12,000 per year)
    Awards Available: 6
    Award Deadline: March 1, 2023

     

    Global Lift Equipment Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 15, 2023

     

    Mission Creek Orthodontics Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 15, 2023

     

    Abbott Painters Scholarship Program
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 30, 2023

     

    Lift Parts Express Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 30, 2023

     

    LM Scholarship Program
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: May 1, 2023

  • December 2022 Scholarships: Apply now!

    The Dalton Camp Award
    Scholarship Value: $2,500-$10,000
    Awards Available: 2
    Award Deadline: January 6, 2023

     

    TD Scholarships for Indigenous Peoples
    Scholarship Value: $15,000
    Awards Available: 25
    Award Deadline: January 16, 2023

     

    Shred Nations Scholarship Program
    Scholarship Value: $7,500
    Awards Available: 1
    Award Deadline: January 31, 2023

     

    ExploraVision Awards
    Scholarship Value: $10,000
    Awards Available: 40
    Award Deadline: January 31, 2023

     

    Society of Manufacturing Engineers Scholarship
    Scholarship Value: $10,000
    Awards Available: 200
    Awards Deadline: February 1, 2023

     

    Women’s Cyber Security Scholarships
    Scholarship Value: $1,000 to $5,000
    Awards Available: 10
    Awards Deadline: February 28, 2023

     

    Marjorie Young Bell Scholarship
    Scholarship Value: $48,000 ($12,000 per year)
    Awards Available: 6
    Award Deadline: March 1, 2023

     

    Global Lift Equipment Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 15, 2023

     

    Mission Creek Orthodontics Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: April 15, 2023

     

    Western’s Admission Scholarships for Black Students and for Indigenous Students
    Scholarship Value: $2,500 to $6,000
    Awards Available: 70
    Award Deadline: N/A

  • October 2022 Scholarships: Apply now!

    Western’s Admission Scholarships for Black Students and for Indigenous Students
    Scholarship Value: $2,500 to $6,000
    Awards Available: 40 for Black Students; 30 for Indigenous Students
    Award Deadline: N/A

     

    Young Heritage Leaders Scholarship
    Scholarship Value: $3,500
    Awards Available: 5
    Award Deadline: October 15, 2022

     

    PAVE Student Design Competition
    Scholarship Value: $3,000
    Awards Available: 3
    Award Deadline: October 30, 2022

     

    Fulbright Canada Scholarship
    Scholarship Value: $25,000
    Awards Available: 5
    Award Deadline: November 15, 2022

     

    Live Your Dream Awards
    Scholarship Value: $16,000
    Awards Available: 1,700
    Award Deadline: November 15, 2022

     

    10 Words or Less Scholarship
    Scholarship Value: $1,000
    Awards Available: 1
    Award Deadline: November 15, 2022

     

    Odenza Marketing Group Scholarship
    Scholarship Value: $500
    Awards Available: 1
    Award Deadline: November 15, 2022

     

    SMART Scholarships
    Scholarship Value: $38,000
    Awards Available: 10
    Award Deadline: December 1, 2022

     

    ASHRAE Undergraduate Engineering Scholarships
    Scholarship Value: $3,000-$10,000
    Awards Available: 12
    Award Deadline: December 1, 2022

     

    Rubincam Youth Award
    Scholarship Value: $250-$500
    Awards Available: 2
    Award Deadline: December 15, 2022

  • 5 Steps to Keep Your Expenses in Check Post-COVID

    5 Steps to Keep Your Expenses in Check Post-COVID

    According to a study conducted by JP Morgan Chase, consumers everywhere valued practicality over everything else during the first year of COVID. In fact, among the top products that consumers spent their money on were health and sanitation items like disinfectants, vitamins, and supplements. On the other end of the spectrum, cosmetics and sun care products experienced a sales decline in the double digits during the first year of COVID. Though people where shopping online more during COVID than before, their purchases were focused more on self-care and supporting newly discovered hobbies like cooking and baking, as well as meeting their aesthetic needs like home décor.

    Now that the restrictions have eased up and the world is finally opening up again, there are more and more opportunities to spend money on, especially when it involves travel, entertainment, and amusement. And while some may have adapted and enhanced their cooking skills while working or studying from home, with the summer weather comes patio season and eating out which will be an extremely enticing activity for everyone.

    It’s completely fine to allow yourself to splurge on those things you have missed during the past two years, but this doesn’t mean you should squander like a king or queen. It’s still important to keep your finances in check so you don’t fall into a debt trap. Below are 5 steps to make your budget work for you in a post-COVID world.

    1. Take a good look at your finances.

    You can’t bake a cake without having the ingredients on hand, and in the same way, you can’t work with your budget if you don’t have an idea of how it’s looking at the moment. If you have various side gigs like dog walking or cleaning, make sure to take note of your earnings from these each time you receive your pay check. Also include your other sources of income like scholarships, grants, or bursaries.

    1. Keep track of your expenses.

    Now this part may be a tricky one since you’re likely paying in different methods, like using PayPal for your online shopping purchases, using cash for quick trips to the corner convenience store, or swiping your credit card for your grocery trips. Collect all the receipts from these purchases as much as you can. Add to these ones those fixed expenses like internet or phone bills. If you don’t have the receipts, remember to note them down in your phone or a notebook. Keep in mind that it’s always better to overestimate than underestimate.

    1. Save for a rainy day.

    It’s a piece of advice we’ve heard countless times when we were kids, but as you grow older, you realize you’re grateful that you were taught this. It’s always wise to save money for a rainy day. Having a working budget for school-related costs is one thing, but what will you do for emergencies? For instance, suppose you’re working on a final term paper and your laptop suddenly crashes, and the technical support person tells you it’s beyond saving and you’ll have to buy a new one. This is one of the times when the emergency money comes in handy!

    1. Review your budget every month. 

    You know how companies do a monthly review so they know exactly if they’re achieving their yearly financial targets? They devise strategies on how they can do so if they’re coming up short, like cutting operational costs or hiring new staff. Take a cue from this and do a monthly budget review. This way, you get a clear idea of where your finances stand; when you do feel like treating yourself to a trip to a spa, you don’t have to feel guilty because you know you have room in your budget to do so.

    1. Don’t stop looking for opportunities to save.

    If you’ve fancied yourself a chef or a baker during COVID and prepared your own meals or baked your own bread, saving money in the process, try to adapt this smart habit you picked up on even if COVID is now over and done with. Keep yourself on the look-out for money-saving opportunities like purchasing a party dress from a second-hand shop or renting books instead of buying them. 

    It’s such a relief to finally see the world go back to how it was pre-COVID. However, this doesn’t mean you’ll let your budget go off the rails. It’s best to keep it in check and keep a balance between spending money to enjoy yourself and taking care of yourself in the long run.

     

    Sources

    Ali, Adena. “How to maintain your pandemic saving habits as you return to the office.” Global News. https://globalnews.ca/news/8760661/return-to-office-spending-covid/.

    Beck, Rae Hartley. “Budget about to burst? Here are 3 simple steps to save money fast.” Financial Post. https://financialpost.com/moneywise/budget-about-to-burst-here-are-3-simple-steps-to-save-money-fast.

    Gillard, Jackie. “How COVID-19 has changed Canadians’ shopping habits.” MoneySense. https://www.moneysense.ca/spend/shopping/how-covid-19-has-changed-canadians-shopping-habits/.

    JPMorgan. “How COVID-19 Has Transformed Consumer Spending Habits.” https://www.jpmorgan.com/solutions/cib/research/covid-spending-habits.

  • May 2022 Scholarships: Apply now!

    Irene Adler Prize for students pursuing journalism, creative writing, or literature
    Scholarship Value: $1,000
    Awards Available: 1
    Award Deadline: May 30, 2022
    Address: https://www.lucasaykroyd.com/scholarships

     

    Lime Connect Pathways Scholarship for students with disabilities
    Scholarship Value: $1,000
    Awards Available: 2
    Award Deadline: May 30, 2022
    Address: https://www.limeconnect.com/programs/page/lime-connect-pathways-scholarship-for-high-school-seniors

     

    2022 Electrical Industry Scholarships
    Scholarship Value: $1,000 – $3,500
    Awards Available: 64
    Award Deadline: May 31, 2022
    Address: https://scholarship.electrofed.com/

     

    Eaton Indigenous Clean Energy Scholarship
    Scholarship Value: $5,000
    Awards Available: 2
    Award Deadline: May 31, 2022
    Address: https://apply.scholarshipscanada.com/scholarship/eaton-scholarship-2022.ezc

     

    Hec Gervais Academic and Curling Scholarship
    Scholarship Value: $3,000
    Awards Available: 3
    Award Deadline: May 31, 2022
    Address: http://www.hecgervaisscholarship.com/scholarship-information/

     

    Luke Santi Memorial Award for students pursuing Physical Sciences
    Scholarship Value: $1,000
    Awards Available: 1
    Award Deadline: May 31, 2022
    Address: https://perimeterinstitute.ca/luke-santi-memorial-award-student-achievement

     

    Girls Impact the World Scholarship Film Awards
    Scholarship Value: $1,000 to $5,000
    Awards Available: 14
    Award Deadline: June 1, 2022
    Address: https://odenzavacationsscholarships.com/

     

    The Peter Elzinga Family Foundation Scholarships in Alberta
    Scholarship Value: $600 to $2,000
    Awards Available: Up t 5
    Award Deadline: June 1, 2022
    Address: https://www.peterelzinga.com/scholarships

     

    Bayer Fund Opportunity Scholarship for students pursuing an education in agriculture or food
    Scholarship Value: $3,000
    Awards Available: 32
    Award Deadline: June 8, 2022
    Address: http://www.cropscience.bayer.ca/en/our-company/scholarshipinformation/opportunity-scholarship

     

    Opterus Helen Rose STEM Award & Valerie Ann Arts Award
    Scholarship Value: $10,000
    Awards Available: 2
    Award Deadline: June 18, 2022
    Address: https://opterus.scholarshipscanada.com/index.do