While using a personal loan as a down payment is an option that certain consumers should consider, careful consideration should be made first. It’s important to understand how it will not only affect your ability to get approved for a mortgage through the lender you’re interested in but also how you will be able to manage the extra financial burden. … Read More
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Read about the latest news and trends on personal finance and investing to make your everyday life easier.
Effective Methods of Managing Debt
Today, we’re going to explain some of the popular approaches to pay off debt such as the debt snowball method, debt avalanche method and a debt consolidation strategy by using peer to peer lending. … Read More
What is Socially Responsible Investing (SRI)?
You may have heard the term Socially Responsible Investing and perhaps you want to find ways to help contribute to society. In this article, we explain what socially responsible investing is, how to access it and what the returns are like. … Read More
What are Alternative Investments?
Wondering what Alternative Investments are? Here’s a simple guide to alternative investments and how it may help you achieve a well-diversified portfolio. … Read More
5 Tricks to Save on your Electricity Bill this Winter
Winter has barely started, yet we’ve already been confronted with glacial wind chills across Canada! And who says glacial times say chilling electricity bills. In this post, we’ll give some tips and insights on how you can save money and … Read More
8 Tips to Save on Rent
Over the last decade, the cost of rent has exploded while wages remained stagnant. This is especially true in larger cities, but remains relevant Canada-wide as reported by CBC. Indeed, rent is one of the most expensive items on a … Read More
Tired of Investments That Pay Next to Nothing?
Since over a decade, interest rates have been at historically low levels — the Bank of Canada’s target rate is currently at 1.75% — and not looking likely to increase any time soon. Savers across the country are looking for new ways to … Read More
Why You Should Check Your Credit Report
If you’re planning to make a major financial decision in the near future, such as buying a home, making sure your credit report is up to date and accurate is a must. … Read More