June 28, 2013
In Canada, they say we have two seasons: hockey season and high summer. And while our beloved national sport has been put on ice till the fall, it’s time for another great Canadian tradition; cold drinks on a warm dock.
What many vacationers overlook when planning their summer getaways is a savings and spending plan. Whether you plan to pitch a tent or languish the days away at a cottage this season, read on for our guide to sweet savings while on vacation.
3 Ways To Spend Less On Gas This Summer
Temps are rising – and the open road is calling to city-dwelling folk in search of a fun summer getaway. Piling the family into the car and hitting the highway may be tradition for many Canadians… but so is spending a fortune at the gas pump along the way.
The good news – there are ways for savvy consumers to save on their fuel costs. Check out our list of top gas saving resources so you can fill up for less.
Read Allan’s Blog | 3 Ways To Spend Less On Gas This Summer
Smart Credit Card Use While On Vacation
There’s nothing worse than paying off your vacation long after you’ve returned home. It can be easy to overspend or rely heavily on credit when away from home, with all the fast food, entertainment and impulse purchases along the way.
Using the right credit card, combined with smart credit habits, can save you big. Read on for our top smart card usage tips.
Read Diane’s Blog | Smart Credit Card Use While On Vacation
How To Hit Cottage Country For Less
Looking to spend time in the majestic Canadian north this summer? Trading skyscrapers and commuting for scrubbed pines and boating is bliss for many vacationers.
Don’t have a cottage of your own? No problem – there’s a wide selection of rental properties available to those looking to escape their urban trappings. However, it’s important to know what comes with the deal – and what’s included for your money.
Read Melanie’s Blog | How To Hit Cottage Country For Less
And for the latest finance headlines and news…
$566,585,415: The Same Sex Wedding Gift To The Economy
$566,585,415: That’s the potential economic contribution of same sex weddings to Canada’s economy, according to the latest “Cost Of” study by RateSupermarket.ca.
Read Penelope’s Blog | The Same Sex Wedding Gift To The Canadian Economy
The Inconvenient Truth About Credit Card Convenience Cheques
New regulations for financial institutions have banned the unsolicited send out of credit card convenience cheques to consumers. These cheques, which tap directly into your credit card balance, come with hefty fees and interest charges that consumers need to be aware of.
Read Rubina’s Blog | The Inconvenient Truth About Credit Card Convenience Cheques
Insurance Lessons From The Calgary Floods
A recent BMO report finds 25% of the home damage caused by the Calgary floods may not be covered by insurance. Here’s what you need to know about your policy so you won’t be blindsided by a natural disaster.
Read Sean’s Blog | Insurance Lessons From The Calgary Floods
What’s Behind The Government Bond Yield Spike?
Government bond yields are reaching new highs around the globe, and U.S. monetary policy changes are a contributing factor. How will higher yields affect mortgage rates, and the general economy?
Read Penelope’s Blog | What’s Behind The Government Bond Yield Spike?
Why Canadians Aren’t Asking The Right Insurance Questions
A new TD study found that many Canadians aren’t asking the right insurance questions, choosing to guess at what their policies really protect. Here’s how to ensure you’re really covered.
Read Sean’s Blog | Why Canadians Aren’t Asking The Right Insurance Questions
RBC Plans 20-Basis Point Fixed Mortgage Rate Increase
RBC and Scotiabank are the next lenders to introduce a fixed mortgage rate increase, as both banks plan to hike rates early next week.
Read Penelope’s Blog | RBC Plans 20-Basis Point Fixed Mortgage Rate Increase
This week, we asked you for their take on saving for a vacation:
Are you saving for a vacation or road trip this summer?
51.9% of poll takers say YES – they definitely plan to take a vacation this summer and they don’t want to charge it to their credit cards.
26.4% say that they will have to rely on credit for their getaways.
21.7% say they aren’t sure as vacations tend to be a last minute endeavor that they don’t always have time to prepare for financially.
Want in on the winning action? Check out next week’s Q: