There’s always been some debate between variable and fixed rate mortgages. Generally fixed rate mortgages do not have the same kind of risk as variable rate ones but they also tend to cost more than the alternative. It’s hard to decide what to do. Are you a risk taker? Do… Read More
Debt elimination is hard. Sometimes you’ll feel fine about it and sometimes you’ll feel like you’re trying to climb out of a hole that keeps getting deeper and deeper. Money is mostly seen as being all about numbers and math. In personal finance, money is seemingly about income, debt and… Read More
Budgeting is a really important tool in personal finance. Total financial independence has to do with wise expenditures. Budgeting helps you to make up and implement spending rules for what you can and can’t afford. It is an easy way to deal with the stress of paying off debts and… Read More
Spur of the moment decisions come often in most of our lives, unfortunately, what usually follows making such a decision is regret. While there are several ways to combat impulsive spending, it’s especially crucial that you take time to think about your decision when making larger investments such as real… Read More
Canadians are very accustomed to being taxed on everything. Once in a while though, the government will be nice and introduce a way to provide tax breaks. Essentially a Tax-Free Savings Account (TFSA) provides citizens with a maximum of $5000 of non-taxable cash to save and invest. The great thing… Read More
Insurance is an expensive part of everyone’s life. There are some simply some things that have to be insured either for legal reasons or for reasons of security. Failing to insure your home, for example, leaves the destruction of it by fire and your loss of everything entirely to chance. Read More
After years of struggling, the U.S. economy is showing signs of life again. The economic freefall is slowing down, and the housing market may be stabilizing. Taking that into consideration, some career-minded individuals are wondering if now is the right time to go into real estate. There are three… Read More
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