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Winter On A Budget

With snow coating the ground and winter’s icy grip taking hold, how do you plan to keep warm this winter? Heating your home in the Canadian winter can be expensive, particularly in unusually harsh winters like 2013-14. Luckily there are ways to cut back on your heating bill without getting frostbite, and this article will teach you a few of them. Quick Fixes Turning up the thermostat is expensive, but …

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How Does Credit Card Arbitrage Work?

We all know by now that credit cards are risky. Without good financial discipline, it is very easy to bury yourself under a mountain of debt, and very difficult to dig your way back out . But what if there was a way to make your credit card work for you? Not with rewards, or free gift vouchers, but cold, hard cash. There are some who believe that credit card …

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Going Cardless

Credit card debt casts a long shadow over Canada. According to a 2013 report by RBC Economics, Canadians owe a total of $73.7 billion to their credit card companies. For reference, that is more than a quarter of what the Canadian federal government spent that year. So, how can you avoid becoming a statistic? How can you prevent yourself from sinking deeper into debt ? For some Canadians, the answer …

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Going Cashless

Imagine a world without coins or banknotes; a world where every transaction you make is carried out using your credit card, or even your smartphone. Around the world, cash is being used less and less compared to electronic transactions, and Canadians are among the leaders in this shift in the global economy. According to a 2013 study by MasterCard Canada , Canada is moving towards a cashless economy, behind only …

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Should You Declare Bankruptcy?

When your other debt management options are exhausted, it might be time to declare bankruptcy. When the debt collectors are after you and you can’t make your payments even with sensible financial planning, bankruptcy can wipe your slate clean. Your debts are forgiven, your credit history is wiped, and your creditors are required to stop contacting you. On the other hand, bankruptcy has significant costs, and should only ever be …

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Eating On A Budget

Food is almost always going to be one of the bigger expenses in your budget , especially if you have a large family to feed. This guide will teach you how to manage your food budget and make your dollar go further. Budgeting Knowledge is power. If you don’t know how much you’re spending on food, it will be difficult to make savings. Save all of your receipts for a …

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Fitness, the Frugal Way

Gyms

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The health benefits of regular exercise are priceless, but that doesn’t mean that you have to spend a lot of money on staying fit. The average gym membership in Canada costs between $40 and $50 each month, and that doesn’t include common additional charges such as joining fees. If you want classes or a personal trainer, those costs can add up to hundreds of your hard-earned dollars each month. …

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Using Your Credit Card Responsibly

wp-content/uploads/2014/09/credit-debit-card.jpg Credit cards are useful, but they’re also dangerous. Their convenience makes it very easy to pile up debt, debt which will accumulate interest quickly and ruin your finances. This guide will teach you how to use your credit card responsibly, enjoying the benefits of credit card use while avoiding the risks. Life Without Credit Cards If credit cards are risky, why not go without one? If you don’t trust yourself …

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Protecting Yourself From Fraud

wp-content/uploads/2014/09/debit-card-fraud-image.jpg Canadians lose millions of dollars every year to credit and debit card fraud. While the amount stolen has dropped since the heights of 2009, 2013 still saw $29.5 million in debit card fraud alone. Criminals can use stolen personal details to empty your bank accounts and take out credit under your name. You can reduce your risk of having your bank details stolen, and reduce the damage if they are, …

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