Are you set for savings this fall? Check out this week’s top tips for getting financially secure before the holiday spending season hits.
What’s the secret behind real estate success? This week on MoneyWise, we look at the top home buying FAQs, from moving up for your starter home to buying U.S. property.
Do you have enough insurance? Most Canadians would like to think so – but in our recent social media poll, only 34.8% of respondents were confident with their coverage. Life insurance is like an airbag – you really hope you won’t ever have to use it other than to provide peace of mind to your loved ones. But unplanned disability or illness can derail even the best laid plans.
September is in full swing – but have you blown your budget all the way to the new year? A recent study finds a $500 left-field expense is all it would take to derail 30% of Canadian finances. The good news? This fall can be your unofficial fresh start. Whether or not you’re a student, read on for ways to spend less and save more.
Should college students carry credit cards? An American study finds more millennials are choosing not to have one. This seems responsible – but are they hurting their own credit histories? Read on for the 5 golden rules of student credit card use.
Back-to-school season is upon us, and families everywhere are likely feeling the post-shopping pinch. Some good news then, for those who’ve racked up the credit card or taken out a student loan – borrowing costs in Canada won’t be going anywhere in the short term, according to this week’s Bank of Canada announcement.
Back to school season is upon us, and many post-secondary students are already on campus, and spending their hard-won student loans. In addition to Psych 101, the college years often offer a crash course in “grown up” money management – but is generation Y really getting the message? One study finds the majority aren’t sure when they’ll pay back their student debt, while another suggests Boomer parents simply foot the bill.
Did you know: Canadians identify their “main bank” as the one where they keep their chequing account. 91% of consumers have one at their primary lender, according to our recent study. But things get foggier when it comes to why they signed up with their bank in the first place – in a recent street poll, many stated they’d been with their banks since childhood. Seems like it’s high time we explored our options for greater value!
A few reports came out this week, underscoring the knowledge gap between Canadian consumers and the state of their personal finances. An annual debt report released by BMO finds household debt levels continue to skyrocket, as consumers clamour for mortgages and cheap credit. Meanwhile, a study shows many TFSA investors still aren’t clear on their contribution rules.
Could your bank be doing better? That’s the golden question this week, as we explore bank loyalty in Canada. One survey finds Canadians value personal customer service and convenience the most, while another blogger shares his experience of leaving his bank for better savings. Would you do the same? Read on for the full story.