Skip to Content

cash posts

What Would YOU Give Up For a Month to Get $250?

Filed under: Budgeting & Planning, Economizer, Family Finances

Money is a powerful motivator, but if you were asked to give up something to have an extra $250 per month in your wallet, what would you be willing to give up?

ING Direct surveyed Canadian men and women to see what an extra $250 would encourage us to give up for a time period - what's the can't-live-without items that would get the boot?

According to the ING Direct Survey, Canadians are willing to give up some things considered essential if there's money involved:

With 56 per cent of us not happy with what we're currently saving, it's interesting to see what would encourage us to change our daily habits to gain some extra loonies and toonies. So Canada, what else would you do to get some extra money?

SLIDESHOW: What People Would Give Up for $250

1. Social media2. Personal grooming3. Entertainment4. Mobile phones5. Sex

Cash or Credit? What's the Best Way to Handle Money on the Road?

Filed under: Budgeting & Planning, Credit Cards, Holidays

Tickets, reservations, luggage, charging up batteries - getting ready to head out on the road?

With the upcoming long weekend (and more travelling in your future, fingers crossed), it's good to make a checklist of what to do (and have with you) before you go away.

Everyone thinks about the house and what they need to take with them, but what about cash or credit? Should it be either/or?

Whether it's a short time or a long time, make it a good time by taking some time to know how to deal with the money.

Making a Financial Comeback After a Setback

Filed under: Budgeting & Planning, Credit Cards, Debt

Financial setbackLynnette Khalfani-Cox

One of the most powerful ways to get a handle on your finances, and stop living beyond your means, is to start living on a cash basis.
- Lynnette Khalfani-Cox
So you first messed up your finances in your 20s, then made matters worse in your 30s. But now you're ready to act your age, to get serious about the business of fixing your credit and start writing your financial comeback story, right?

Whether you went on a few too many credit card-fueled shopping sprees, missed a series of payments that damaged your credit report or lost your job for a prolonged period of time, there are still ways to bounce back and take control of your financial future.

Don't Get Caught Without Cash This Summer

Filed under: Banks, Budgeting & Planning, Family Finances

cashWe all know we need emergency savings for those inevitable rainy days, right? But if you're like most Canadians, you likely haven't socked enough (if any) away for life's urgent situations.

Not only do we know it's prudent to have 3-6 month's of our salary saved in a safe, liquid account, we also need to asses how much cash we should carry on our "person" and have in our home. Do you know?

Spring Cleaning Your Investments - Asset Allocation 101

Filed under: Entrepreneurship, Investing

investmentsWe hear this term all the time when referring to our investments and it's the foundation of any portfolio; asset allocation.

Simply put, we hope to purchase assets that will increase in value and, depending on our situation, how we allocate the percentage of those investments can make or break our retirement and help or hinder our sleep at night.

I'm sure you've heard the expression of not keeping all your eggs in one basket when referring to diversification. The problem is, with many investors that have investment accounts at several institutions or too many mutual funds, they often have a bunch of baskets with the same eggs doing the same things. Or, as Warren Buffet once said, 'put all of your eggs in one basket and watch that basket very, very, closely'. Most people would prefer not to do the latter when it comes to their investments.

Parents Struggling to Afford Hockey Fees

Filed under: Budgeting & Planning, Economizer, Family Finances, Health, Saving, Back to School

One third of hockey moms and dads say they need to dig deep into their pockets in order to afford the costs of involving their kids in Canada's most popular sport, according to a survey.

In other words, of the roughly 577,000 kids enrolled in minor hockey, the parents of about 192,350 of them are struggling to meet the costs.

So how much are Canadians paying to send their kids along to the game?

Google Offers Free Websites for Small Businesses

Filed under: Entrepreneurship, Technology, Small Business

Now there is no excuse for not putting your business online. Google, in conjunction with web host firm Yola, has launched its ¨Get You Business Online¨ campaign in Canada, giving small businesses the chance to trial their business on the world wide web for free.

The campaign, which has been running in Australia and the UK, is designed to help all those small businesses who think that creating a website is too hard, time consuming or expensive.

More Retirees Destined For The Poor House

Filed under: Family Finances, Retirement and RRSPs, Saving

Retirement is not normally top of mind for Canadians aged between 25 and 30, but a new report has found that as many as 44% of future retirees in this age group will not have enough money to adequately fund their lifestyles.

The study, conducted by independent social policy and economics think tank C.D. Howe Institute, says that Canadian retirees risk a significant drop in living standards if current trends and behaviours continue. At present, only 16% of retirees find themselves in circumstances that require them to significantly reduce how much they spend once retired.

C.D. Howe says Canada's retirement system has performed relatively well over the past few decades. However, projections for the future using data such as income from registered pension plans (RPPs), registered retirement savings plans (RRSPs), individual savings and home equity, has revealed a disturbing trend. More than two in five retirees, 40 years from now, will experience a significant drop in living standards.

Financial Infidelity: Eight Common Financial Lies Couples Tell Each Other

Filed under: Budgeting & Planning, Debt, Family Finances, Saving, Shopping

Are you financially faithful? It might sound like a half-witted joke, but financial infidelity is real. So real, in fact, that it's one of the biggest issues tearing apart marriages and families. Some financial fibs might be considered 'little white lies,' while others are outright cheating. Either way, the discovery that you or your partner have been unfaithful with your combined hard earned cash will likely lead to an argument.

It's common knowledge that money is the number one issue that couples argue about and therefore shouldn't come as much surprise that money is also the number one issue that couples lie about, not to mention the biggest issue leading to divorce. Different surveys over time have come up with similar results: about one-third of couples -- whether married, engaged, or living together -- have kept cash secrets from each other. Here's what the most common financial fibs are about:

What You Should Know About Reverse Mortgages

Filed under: Budgeting & Planning, Loans, Retirement and RRSPs, Real Estate, Your Home

Reverse MortgagesThe topic of reverse mortgages often attracts a heated debate. The products have their fans, but look through the message boards of articles about reverse mortgages and you'll find even more enemies. The source of this animosity is understandable: these loans can be expensive and whittle away at the value of the home until the bank owns it completely. However, reverse mortgages also have their merits, such as allowing someone who is cash poor access to the capital tied up in their home without having to move out, ever.

That said, anyone considering a reverse mortgage should thoroughly research the product before signing on the dotted line. There's a chance that an alternate option exists that will benefit your finances in the long run, particularly if you hope to leave an inheritance for your children.

The Pros. Reverse mortgages give seniors the ability to tap into the cash invested in their homes. The mortgage holder pays no interest or monthly repayment directly to the bank.
Compare Personal
Finance Rates

Find Your Rate

Advertisement
  • All
  • Mortgages
  • Credit Cards
  • Savings
Enter Mortgage Value
Company
Monthly
Rate
Choose Card Type
Company
Reward Return
Rate
MBNA
2.05%
$1,500.33
Best Rate
2.05%
$1,500.33
Best Rate
2.05%
$1,500.33
Choose Savings Type
Company
Savings
Rate

Most Commented