Looking to trade stocks on the go? There’s an app for that! Check out what’s to come in smartphone financial planning mobile technology.
Imagine – cutting cards and cash out of your life with a simple tap of your smartphone. While the “digital wallet” may seem a futuristic concept, technology is already offering consumers ways to streamline their everyday finances with their phones – and it’s just a matter of time before they revolutionize the point of purchase.
Wish you had a way to track your spending – and protect your savings – while on the go? With mobile technology, you can take your budget and expense tracking to another level – any time, any place. Use these apps as a guideline for what’s out there, and feel free to share your favourites in the comments section below.
Professional flippers will buy, fix and flip a property in 6 weeks – sometimes less. The fewer mortgage payments they have to make, the better. Thanks to the likes of HGTV, home renovation shows have the general population thinking that you can flip a home and make a profit at any time. Unfortunately, that’s just not true. There’s so much more to it than just buying a house, fixing it and flipping it.
Experts will tell you your debt-to-income ratio is one of the best ways to gauge your financial position. The media often quotes the Bank of Canada saying Canadians are at dangerously high levels of debt at 153 per cent. But what does that mean? I’ve spent dinner parties arguing how to properly calculate debt to income ratios and how much is too much. There are many schools of thought on how to asses your financial health. Here are a few.
The holidays are over and 2011 is already history. Our news reporter extraordinaire, Rubina, catches up with shoppers to find out how Canadian consumers plan to save money in the new year.
I really don’t like tipping. No, I don’t mind giving extra money to those who work hard. But tipping puts the onus on you to decide how much to top someone up, and that puts a lot of pressure on you as a consumer to not make a mistake. Pretty much every time I slip an extra buck or two to a cab driver, the food delivery guy or my hairdresser, I worry I’m doing it wrong. So time to do some digging and find out what’s appropriate, especially this time of year when we’re doing a whole lot more travelling, shopping, eating out and getting ourselves coiffed.
No matter how much you’re setting aside, I guarantee you still don’t think it’s enough. And it probably isn’t – at least, not for your liking. Truth is if you thought you were on the right track, you wouldn’t be here. There is no set amount you should be putting away, but here’s a cool formula (based on your income after taxes) to get you started.
We all know that saving money is important, but not all of us know how and where to start. Since there are so many different savings options to choose from, you’ll want to compare some of the more common features of each first. Before choosing your savings account…
Observing Financial Literacy Week is a great idea. But there are 51 other weeks in a year where you should also be concentrating on how to reduce costs, save money, and improve your investments for the future. Here are five areas to focus on.