This week kicks off the “official” holiday spending season, as mega sales events Black Friday and Cyber Monday beckon the wallets of Canadians north and south of the border. It’s an expensive time for most households – a recent study finds the average Canadian will spend $332 today, despite the fact many of us are already deep into the red.
Are you ready for seasonal spending? Read on for the full story.
The Best Credit Cards to Use on Black Friday
Planning to take part in this year’s shopping frenzy? Spending holidays like Black Friday and Cyber Monday can be a great way to save a few bucks on gifts, electronics and more – but beware the potential pitfalls of door buster deals. The good news – the way you pay can protect your purchases, provide insurance coverage, and even save you some cash. Check out our top credit card picks for Black Friday shopping.
Read Penelope’s Blog | The Best Credit Cards to Use on Black Friday
Pre-Holiday Credit Card Debt Already at 2-Year High
Did you know – the average Canadian plans to spend $1,551 on their holiday shopping, according to a new BMO study? That’s a big chunk of change considering many of us are already in the red; credit bureau TransUnion reports national credit card balances are already at a two-year high – without the impending holiday spend. Are you in control of your debt? Read on for the full story.
Read Barry’s Blog | Pre-Holiday Credit Card Debt at 2-Year High
How to Tackle High-Risk Debt
Are you carrying too much high-risk debt? Revolving loans like credit cards can be damaging to your credit score – but you do have options. Here’s how you can reduce the amount of risky debt you carry, and get set on a plan to pay it off.
Read Penelope’s Blog | How to Tackle High-Risk Debt
Lifestyle: Mom, Do You Make More Than Dad?
Kids will naturally have questions about who earns what in the household – here’s how to effectively talk with them about money matters.
Read Gordon’s Blog | Mom, Do You Make More Than Dad?
Economy: No Government Surplus in Sight
There’s no government surplus in sight, according to the newly elected Liberals. The party’s first fiscal update reveals the Conservatives left fewer funds than expected – and there will be longer deficits as a result. Here’s what taxpayers should know.
Read Rubina’s Blog | No Government Surplus in Sight
Mortgages: CMHC 2015 First-Time Home Buyers’ Survey Results
The results are in from the CMHC 2015 First-Time Home Buyers Survey. Read on to see the top trends facing those trying to break into Canada’s housing market.
Read Allan’s Blog | CMHC 2015 First-Time Home Buyers’ Survey Results
Personal Finance: Would You Give Yourself a Financial Literacy Passing Grade?
Would you give yourself a financial literacy passing grade? 97% of Canadians would, according to a new BMO poll. But are we really as smart as we think we are about money? Read on for the full story.
Read Barry’s Blog | Would You Give Yourself a Financial Literacy Passing Grade?