Regardless of the huge amount of money you are earning, without proper personal finance management, you will eventually lose all you have. It is very vital to ascertain the sources of money and the amount of money, which is coming in and how much money is being spent and on what heads. And individuals, who [...]
Personal Investment Tips
Author Archives: Aaron & Susan
A snapshot of the US in numbers
303,824,640 is the total population 155,200,000 is the total labor force $48,000 is the gross domestic product 20% of households have received practically all of the wage increases since 1975 $810 billion is the merchandise trade deficit 35.5% of Americans work in managerial, professional, and technical fields 24.8% of Americans work in sales and offices [...]
Individual Voluntary Arrangements
I came across an interesting website today about a process in the United Kingdom called Individual Voluntary Arrangements. They’re a debt solution and from what I can tell there isn’t really anything like it in Canada. If you get a chance check it out the site. A few of the good bits are as follows: [...]
Mortgage rates on the rise again
That’s what the Montreal Gazette is saying today. Apparently a new survey done this year shows that 1 in 5 Canadian homebuyers feel ok with their current debt levels – but another increase in interest rates could make things tough for a lot of Canadians. The Canada Mortgage and Housing Corporation ended up surveying over [...]
Site Redesign
If you’re one of our regular readers you’ve probably noticed that we’ve gotten a new look. We couldn’t be more excited about it as it’s going to be so much easier to navigate and find all those important tips and information you’ve come to expect from this site. We can’t help but feel so thankful [...]
Help with Debt Now
We contributed an article to a great website called Help with Debt Now. The post is called, “7 Strange Ways to Save Money” and it can be found here. Have a look at the site if you get a chance. There is information about credit cards, general money topics, family life, debt consolidation, bankruptcy, personal [...]
Does Cancelling Your Credit Card Have a Negative Effect on Your Credit Score?
The short answer is yes – cancelling a credit card can have a negative effect on your credit score. Let us look into why this can happen. Then we will explore reasons why you still might want to close that credit card account. Erasing Good History If you close a credit card account, even if [...]
Business Week Reports February Home Resales in Canada is down 1.5%
The Canadian home resale numbers fell around 1.5 percent to 42,799 units last month which becomes the second straight decline. This is coming via an article from Business Week. The original data came from the Canadian Real Estate Association (CREA). The biggested drop was in Vancouver. Surprise, surprise. I guess that’s what happens when your [...]
No review for foreign ownership of Canadian companies?
The Montreal Gazette had an article about the already high levels of foreign ownership in the Canadian economy. Harper and crew are looking to open that up even further and allow companies like Rogers, Bell, and Telus to be acquired by larger telecommunications companies but we probably shouldn’t move so quickly into this without looking [...]
CIBC’s Butterfield Investments… yikes!
CIBC’s investment in the Bank of N.T. Butterfield & Son might not be the best possible decision at this point in time. I have to agree with Moody’s on this one. Canadian Imperial Bank of Commerce said they’re going to inject $150 million (yes, that’s $150,000,000) into the Bermuda bank with ties to the big [...]