How Much will You Spend this Christmas?
Every year it seems, people tap into their HELOCs and run up credit card charges, all in an effort to buy gifts for those they love (and maybe even try to make it bigger and better than last year.) But, we as Canadians are going to be a little smarter with our money this year. While we’ll still buy gifts, and probably make sure that ‘everyone has a little something,’ we’re not planning on spending as much as we have in the past.
Read moreThe One Time You Need a Credit Card
Generally, credit cards bring a kind of debt that you don’t want. They come with high interest rates and are considered ‘bad debt,’ since you’re not actually investing in anything for your future when using them. However, there is one time you need a credit card, and that’s if you run a home business.
Read moreA Quick Lesson from Mary Bach
Lately, we Canadians have been somewhat guilty of holding our noses up to our friendly neighbours across the border. Yes, the States’ economy is in a little bit of trouble, and yes, ours is doing much better for the time being. But it turns out that even with bad decisions and a tumbling housing market, there are a few Americans that we can take a lesson from – or at least one of them at least. While it may not be breaking mortgage news, Mary Bach has recently given all Canadians a very important lesson in the value of a dollar. Or rather, the value of two cents.
Read moreFour Options to Pay Off Credit Card Debt
Paying off your credit card debt is something that no one wants to do, and no one even really wants to think of. But if you ever want to get a mortgage, it’s something you’re going to have to do. You might as well go into that phone call with the credit card collector knowing what your options are for paying it off.
Read moreJust in Case you Didn’t Believe Prices are Going Up
Most of us have been feeling the pinch over the past several months as the prices on just about everything except mortgages keeps going up. But for those of you who still don’t believe, Statistics Canada just released the Consumer Price Index (CPI) for August 2011. While there are some slight differences from the two months prior, July and June, the results when compared with August 2010 are somewhat staggering.
Read moreThe Timeshare, the Forgotten Option
As the leaves begin to fall and the air turns crisp, many of our thoughts start to turn towards that mid-winter vacation and just where we’ll go. Perhaps stay in one of the finest hotels in the tropics? Or head out on the open water on a cruise? Or what about that forgotten place, the home away from home – the timeshare?
Read moreToo Much Debt? We’re Listening!
A study conducted by CIBC last month showed that Canadians are drowing in debt – and that we’re somewhat delusional about when we’re going to pay it off. But, even though we might have higher aspirations for our future debt than what’s realistic, there’s now a new report to show that we understand the debt that we have now; and more importantly, that we’re willing to do something about it.
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