The countries richest CEOs earn 189 times what the average Canadian does. According to the Canadian Centre for Policy Alternatives the average annual salary in this group is $8.38 million. By the time you read this, Canada’s top-100 earners have been paid in two weeks what it will take most of us 10 years to make. “The gap between Canada’s CEO elite 100 and the rest of us is growing at a fast and steady pace, with no signs of letting up,” says economist Hugh Mackenzie, who authored the report.
I have two friends, Ben and Jill, who both have the uncanny ability to sniff out a deal. And if they can’t sniff one out, they make their own. Seriously, I have never known anyone else to find deals like these two do. Take, for example, the kitchen appliances they found on Kijiji. Ben and Jill paid $325 for high-end, stainless steel Frigidaire models that would have cost them $3500. Not only that, but they sold their old ones for $500 and made a $175 profit. Ben and Jill have saved a LOT of money by being smart hagglers. Here’s Ben and Jill’s advice on how to haggle yourself a deal.
Not all savings accounts are created equal. Some offer you unlimited access to your money in exchange for a monthly fee, while others charge you nothing provided you leave your money where you put it. The type of account you choose really depends on you.
The holiday shopping season is here. For me the holidays are my biggest shopping season of the year, and every single penny counts. So what’s my secret to saving during the holidays? Here are my three steps to saving big this holiday season…
One of our fabulous bloggers had a great idea about running a video series featuring everyday people and their money saving tips. That fabulous blogger was Rubina and she hit the streets of downtown Toronto last week with a camera crew in tow to find out how you keep more of your hard earned cash in your wallet.
Last weekend, I spent my Saturday Halloween costume shopping with a friend. After spending the entire day searching (and coming up empty handed), she just didn’t feel right about spending $80 on a few pieces of poorly made fabric that probably cost only $0.10 to make in China. When did Halloween costumes get to be so expensive?
If you REALLY want to save money, forget about scanning the discount flyers and bringing your lunch to work, just take a look at your mortgage to get the biggest bang for your buck, says RateSupermarket.ca, Canada’s go-to-website for comparing mortgage rates. In three simple steps homeowners with a $300,000 mortgage can save $65,541 over 25 years. It’s all laid out in this handy infographic.
Find out the secret to saving thousands on your mortgage AND how to pay it off faster. We took a mortgage of $300,000 and calculated how you can SAVE $65,541, plus cut 3 years OFF your mortgage in three simple ways. Check out our colourful infographic for all the great details.
If only I knew in my twenties, what I now know in my thirties…
An important piece to getting your financial house in order this season is setting a new spring budget. Here are five steps to help get you started: