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The federal budget was recently introduced and covers a wide range of topics. The problem is that many individuals can’t work their way through the jargon to find out how it will affect them personally, and this is of great concern as the federal budget does work its way down to the average home. Following are some scenarios of average Canadians and what they can expect with the changes that are coming.
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Canadian interest rates are unquestionably low. But, are they really as low as some believe? How is the current state of interest in Canada being wrongly perceived? Is any specific interest rate myth being exploited? Below are five Interest rate myths in Canada that are changing the landscape of how Canadians invest and spend.
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The leaves are turning red, kids are working on their Halloween costume and you can find pumpkin flavored-treats on every corner. You might not know it but now is the perfect time to start planning the holidays.
You can make great savings by planning your Christmas all year long and by using some simple money hacks to save money on gifts but also on food and plane tickets. Discover how!
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The liberals have taken control of the federal government once again. Justin Trudeau recently became the second youngest Canadian Prime Minister, following in the footsteps of his father, who once held this office. Some believe the people voted liberal simply to move the conservatives out of office, as they have held power for almost ten years. Others feel the change was the result of a Conservative platform that was lacking in new ideas. Regardless of why one believes Trudeau won, everyone is wondering what this means for the canadian economy.
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Too often people fool themselves into believing that the money they need will just appear in their accounts, or methods they have been using unsuccessfully will suddenly begin working. Here are five delusional financial strategies that people are using to keep themselves poor.
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There are responsible and irresponsible ways that a young person can use a credit card. One of the most responsible things that a person can do when using a credit card is to make use of the 21-day interest-free grace to pay their credit card balance. This helps avoid the high interest rates that can be charged by the different credit card providers. However, even paying the balance can still put a person at risk for excessive Credit card charges if a person doesn’t know what to look out for. Here are a few things to keep in mind.
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There is a common concern with Canadians. They want to save more. About 88% are looking and willing to change their current financial situation. With all that extra income, they should be able to save splendidly. But, they do not. 31% of Canadians say that they do not want to change their spending habits. What are Canadians buying that is so appealing and hard to let go of? Just as importantly, what kind of habits do they deploy?
