Update from my Financial Literacy Week pledge
Personal Finance / Personal Finance News

Update from my Financial Literacy Week pledge

Way back at the beginning of the month, in celebration of Financial Literacy Month, I took the pledge. In fact, I took a few pledges. My pledges involved making a change (a big one, in my case), fixing a problem and acquiring knowledge. Here’s what I pledged to do: Look into reducing my monthly banking fees; Save money by eating from home more often; Speak with a financial advisor and/or small business accountant to prepare for the upcoming tax year. Are you curious to see if I followed through? Here’s what I did. Continue reading »

Financial Literacy Week: Take the Pledge
Personal Finance / Personal Finance News

Financial Literacy Week: Take the Pledge

Up until a year ago I was just as financially illiterate as the next guy. My monthly bills were too high; I had bad credit card debt and virtually no savings. A year later, my savings have grown substantially, I have freed myself of nasty credit card debt and I have cut back on unnecessary monthly bills. And guess what? You can do it too. This week is Financial Literacy Week. Help yourself get financially ahead and take the pledge. I dare you! Continue reading »

The Power 3rd Party Comparison Tools Give Consumers – Reflections from the Digital Marketing in Financial Services Summit
Personal Finance / Personal Finance News

The Power 3rd Party Comparison Tools Give Consumers – Reflections from the Digital Marketing in Financial Services Summit

When I first started RateSupermarket.ca my vision for the Canadian consumer was for them to have the ability to leverage the internet to be able to compare rates for financial products in one place. At it’s core, we’ve been able to provide Canadians with transparent, unbiased information, giving the consumer the ability to make an informed decision. Continue reading »

Are We Financially Illiterate?
Personal Finance / Personal Finance News

Are We Financially Illiterate?

Earlier this week, the Ontario Government announced that financial literacy would be incorporated into the 2011-12 curriculum, for grades four through twelve. Partnering with both the Ontario Securities Commission and the Investor Education Fund, the province wants to develop materials that will teach students the basics about money and will later help them make informed financial decisions. But why now? Continue reading »

Canadian’s Personal Debt to Income Ratio Reviewed
Debt Repayment / Economic News / Personal Finance / Personal Finance News

Canadian’s Personal Debt to Income Ratio Reviewed

There was an interesting article in the Globe and Mail earlier in the week as Rob Carrick spoke with CIBC’s Chief Economist Benjamin Tal about the recent focus on Canadian debt levels and how the major indicator, the debt to income ratio, may not be the best tool of measurement. Mr. Tal was quoted as … Continue reading »