The popularity of no fee accounts is growing. ING launched its no fee chequing account early this year. Ally did a big advertising push with TV ads featuring savings accounts that offer some of the best interest rates and PC Financial continues to push ahead featuring no-fee banking to Canadians.
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.
Are you worried about your job security and well-being? You should be because no one else is. The increased pressure corporations are under to produce and perform with less staff, is creating a nation of exhausted employees saddled with to much work. Is it fair? No. Can we do something about it? Absolutely.
On Friday we learned Canada lost more jobs in October than economists were expecting. A whopping 54,000 Canadians were handed pink slips last month, according to Stats Canada, which pushed the country’s unemployment rate to 7.3 per cent. In fact, it’s the worst one-month loss since February 2009, when the country was deep in a recession.
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!
How many of us have found ourselves wishing for a few extra hours or an eighth day in the week, just so we could catch up on all the things we’d like to do. Where does the time go? Here are the Top 10 things we do with our time.
Reviewing this summer’s top financial reads. Money rules our lives – we work hard for it, we’re unhappy without it, and we never think we have enough of it. Who wouldn’t want to learn how to manage it better?
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.
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?
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 …