Each month I put away all my remaining money into some kinds of savings accounts until I need to use it. Instead of locking... »
Saving Strategies
A Simple Debt Management Strategy
I discover this Debt Management video while browsing internet. In my opinion, the advice presented in the video is pretty simple and yet is probably very HARD to do for many people. It will definitely requires some sort of self-discipline or at least delayed timing for purchases. However, if you’re a proactive person, you’ll... »
RRSP – national average annual contribution
Is your RRSP contribution up to par? According to Statistics Canada, RRSP contributions rose 5.3 per cent to $34.1 billion in 2007 with the following trends. Newfoundland and Labrador The highest percentage increase in the number of RRSP investors (up 5.3 per cent) Quebec The largest increase in absolute number of RRSP investors, at almost 25,700 contributors, or... »
Freecycle – A Saving Strategy
What’s the Freecycle Network? The Freecycle Network – www.freecycle.org – is an online community where members give out items for free in a hope somebody else will be able to use or recycle the items. It’s absolutely free to join. First of all, you have to find out if there is local freecycle group in... »
Top Cash Back Credit Cards
Below is a list of Canadian banks and credit unions that offer cashback credit cards. I’ll update this list on an onging basis. CIBC Dividend VISA Card $0 annual fee; interest rate 19.5% Tier one – 0.25% rebate for net annual purchases up to $1,500 Tier two – 0.50% rebate for net annual purchases from $1,500.01 to $3,000 Tier... »
Canadian High Interest Rate Savings Accounts
Each month I put away all my remaining money into some kinds of savings accounts until I need to use it. Instead of locking money into RRSP, real estate, and/or other investments, high interest rate savings accounts provide a way to grow your investment and at the same time maintain high cashflow (flexibility of... »
Best Times to Buy
This article contains a brief summary for best times to buy in North America: airplane tickets appliances gold cars gym membership electronics oil real estate designer clothing& jewelry furniture USD currency Airplane Tickets Best Time to Buy: At Least 14 Days Before Departure Two week ahead of departure is the minimum to seize a good deal. However, even with this time frame, the quantitiy of low-priced tickets... »