Is there such a thing as a guaranteed rate of return? There seems to be a trend for people to “flock to safety” by buying certificates of deposit (CDs) or their Canadian equivalent, guaranteed investment certificates (GICs). There is no risk if a capital loss, at least in nominal terms. However, money is… [Read More]
Avoid Bankruptcy the Smartest Way
The following is a guest post by Shaun Nichols of darngoodblogging.com. In the recent era debt is a common issue. Most often due to reckless spending habits you may be entangled in the cycle of insurmountable debts. If you are overwhelmed with such debts, bankruptcy may seem to you as the last resort. However bankruptcy… [Read More]
The Skinny on Credit Cards: A Book Review
Credit cards… they are little pieces of plastic that everyone loves to hate, but everyone loves to use. They are so convenient, and along with that convenience sometimes comes trouble. We all know someone who has used one credit card to pay off others, and ended up in a spiral of debt. They were misled… [Read More]
When Using a Rewards Card Will Cost You
The following guest post is by Kevin Fleming of CreditShout. Rewards credit cards look like a great deal on paper. Who doesn’t want to earn points for purchases? Who doesn’t want to get money back from their credit card? It all sounds good, and for some people, it is. But the truth behind rewards credit… [Read More]
Is It Worth It to Have an Emergency Fund, or Should I Pay off My Mortgage Instead?
Ever wondered if you should be saving up money in an emergency fund or paying off your debt instead? A long time ago, I looked at whether it was better to pay down your mortgage, or invest the money instead. Today, I’m going to be looking at whether it’s better to keep an emergency fund,… [Read More]