Pros And Cons Of Going Short With Your Mortgage
Fixed or variable? Long or short? Whether you’re a buying your first home or renewing your mortgage, finding the right mortgage term can be a difficult decision. The majority of homeowners opt for a five-year fixed term as protection against future interest rate hikes. However, you’ll pay a premium for that peace of mind, both…
Read MoreWhy You Should Protect Your Earnings With Disability Insurance
Bill had barely passed his 28th birthday when he was severely injured in a debilitating accident. After recuperating from operations on his back and eyes he was still left with spinal damage, partial paralysis in one leg and partial blindness in one eye. He found it difficult to walk, stand, or sit for extended periods…
Read MoreBest No-Fee Cash Back Credit Cards In Canada
It’s nice to get cash back rewards on your credit card spending, but the top cash back credit cards come with an annual fee that can take a bite out of your earnings. If you’re not a big spender, the best option is a no-fee cash back credit card. Best No-Fee Cash Back Credit Cards…
Read MoreThe High Cost Of Childcare – How To Plan For It
As parents with young children will tell you, daycare is expensive. It’s especially costly if you have two small children who aren’t school age yet. As more and more families are dual income these days, young families need to know what options are available to them for childcare so they can manage their finances accordingly.…
Read MoreTime For A Fall Financial Review
The kids are back at school, fees have been paid, and the weather is getting crisp enough to pull out your sweaters. For many, fall represents a new start, and it’s the perfect season to take stock of your finances. You still have time to meet this year’s financial goals, and it’s a good time…
Read MoreWhat Is Risk Tolerance, And Why Does It Matter?
One of the most important things to understand about yourself when it comes to finances and investing is your risk tolerance. Your risk tolerance is basically a measure of how much risk you can handle. This includes your financial ability to handle risk, as well as your emotional ability to understand risk. You need to…
Read MoreInvestors Getting Short Changed From Our Banks And Advisors
Last week I asked, can you trust advice from your bank? The bottom line is you should be wary of any advice you receive from someone who can profit from your actions. That doesn’t just hold true for banks and financial advisors, but the same goes for real estate agents, mortgage brokers, insurance brokers and car salesmen. I received…
Read MoreWill Changing Demographics Affect Financial Markets?
Many investors are concerned that the aging baby boomers will adversely affect equity markets and home prices by dumping their stocks and selling their homes, leading to a sharp decline in prices for both. Changing Demographics: Economic Implications The aging population will definitely have economic and financial consequences. As older workers retire, the limited availability…
Read MoreCan You Trust Advice From Your Bank?
Banks are getting savvier about finding ways to sell their products. More and more Canadians are turning to online sources for financial advice, and banks are getting in on the act by engaging customers on their websites and social media channels. One approach the banks have used for years is to conduct a survey about…
Read MoreHow To Profit From Loyalty Programs
Loyalty programs are everywhere, it seems like every company has one these days. Our wallets and purses are bursting at the seams with plastic cards and mini-cards attached to our key chains. 94% of Canadians are a member of at least one program. If we’re all members of loyalty programs, that must mean they’re good…
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