Archive for November 2015
Mischief Managed: How I Went From Credit Card Abuser To Rewards Card Master
I wasn’t always good with money. Back in college, I violated just about every personal finance rule you could imagine. My biggest offense was misusing credit cards. I racked up over $5,000 in credit card debt between my junior and senior year; making brilliant decisions such as bringing my credit card to the bar, taking…
Read MoreWeekend Reading: SPIVA Edition
The SPIVA Canada Scorecard looks at the performance of actively managed Canadian mutual funds versus that of their benchmarks. The results over the long-term show that the majority of active managers underperform their benchmarks. And it’s not even close. Here are the biggest losers: Canadian Dividend & Income Equity Funds – Only 6.67% of the active Canadian…
Read MoreStarting Over After Divorce: A Boomer & Echo Financial Makeover
Jackie Caine (42), a newly single mother of two pre-teen children, is struggling to cut costs and pay her bills after the collapse of her 18-year marriage. She had always managed the bills, mortgage payments and shopping previously, but did so without actually giving money much thought. Their combined income was always enough, and payments…
Read MoreHow Much Choice Is Too Much?
So, I’m standing glassy-eyed in front of a six-foot wall of toothbrushes at my local supermarket. “Can you pick up a new toothbrush for me?” my husband requested. I naively thought I’d just pick up a soft-bristle brush in a not-too-girly colour, and be on my way. Did you know there are more than a…
Read MoreMortgage Brokers Gone Bad
When it comes to buying a home or renewing a mortgage term, many financial experts recommend using a mortgage broker to help find the best mortgage rate and terms. The reason is that mortgage brokers work for you – not the bank (even though they’re paid by the lender and not the client) – and can leverage…
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