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Personal Finance

Mortgage rates going down?

BMO cuts interest rates according to MSN Money… “The bank says starting Friday the rate for one of the most popular types of loans for homebuyers will be 5.59 per cent, down 0.1 percentage points. Many homebuyers are able to negotiate a rate lower than the posted rate at a bank…” Read Full Article: http://money.ca.msn.com/savings-debt/yourmoney/bank-of-montreal-cuts-mortgage-rates

How much are you saving?

Interesting post from Financial Post about Canada's savings attitude… “As must be obvious to most financial advisors, Canadians are lousy savers. Four in 10 save nothing at all, while 61% of us save less than $100 a month, according to an Ipsos Reid survey released Tuesday by Toronto-Dominion Bank and ABC Life Literacy Canada. On average, [...]

Do you like coupons???

This post from MSN Money shows just how much people are saving by using coupons. Check it out its amazing! “There's no reason you should pay retail, either. Sales plus coupons plus store-credit offers make it easy to get toiletries, baby items, vitamins, over-the-counter medications, cleaning supplies and even food for free. Sound like a [...]

Babyboomers Scared About Retirement?

Poll from MSN Money reveals babyboomer retirement fears…. “Further underscoring the financial squeeze, one in four boomers still working say they'll never retire. That's about the same number as those who say they have no retirement savings. The Associated Press-LifeGoesStrong.com poll comes as politicians face growing pressure to curb record federal deficits, and budget hawks [...]

Saving Money?There is a right and wrong way to do it…

Money Sense gives valuable tips on saving… “If you’re looking at retirement 20, 30 or 40 years down the road, that’s very different than trying to build up a stash of cash to buy a house, put your kids through school, or go on a much longed-for family holiday…” Read Full Post: http://www.moneysense.ca/2011/04/11/know-why-you%E2%80%99re-saving/

How much are you getting out of your tax return?

Few tips from Financial Post on how to get more out of your tax refturn. Various strategies in detail: “How big a refund will you get? How much income tax do you owe for 2010? You might save tax by taking some time to fine-tune your income tax return before you file it.Read the General [...]

Food prices on the rise, is it time to stock up?

Yes! Its a great idea to stock up! Especially on foods that have long shelf life. In our opinion it's worth the hassle. Here's a post from MSN Money with an overview of this topic: “ “Based on what I've seen in the past, it takes about nine to 12 months for an increase in [...]

Gas prices choking your wallet? You're not alone!

With recent spikes in gas prices many of us feel that pinch on the pocket. Heres an overview from MSN Money about whats happening… “ “When it goes up that amount, retailers have no choice but to pass that along pretty quickly because in many cases the retail margin is only in the order of [...]

How much do you need?

See how this lady does it….Surviving on 12k a year and still going strong… “Enough is as good as a feast. I love to eat. I don’t love paying for it. Because I don’t have a “regular” job of at least 20 hours a week, I don’t qualify for food stamps. So I shop very, [...]

Savings Calculator can help you figure out how much do you actually need to save…

Ever wondered how much money you actually need to put every day for those golden years? or maybe to save up for that car you always wanted? well, this savings calculator from MSN Money can help you figure out just that…how much you need to put away now for that future need. Its simple and [...]