Review of TravelZoo

I am on deck at the local swimming pool, coaching my kids in competitive swimming, and I am enjoying getting to know a fairly new lifeguard while she is guarding my kids.  My kids sometimes swim alot of meters for endurance and can be a bit boring standing watching them swim 1,000’s of meters.  So…

How to manage your money in college

You have decided the future path of your journey and have chosen to go to college or university…. Congratulations! You have made a wise decision! It’s great that you have gotten accepted into college, but the question haunting you is this: how do you manage your money now? It’s amazing how little money you can…

How to manage money on a daily basis.

How to manage money on a daily basis…  This can be a lifelong lesson , learning how to manage money on a daily basis.   Have you gone to the mall and had your credit card in your bag, and just went and purchased whatever you wanted? Well I have!  I have always worked hard…

How to Budget and take control of your money.

How to Budget One of the most difficult things is how to budget, and especially how to stick to it!  As I mentioned in the previous blog of how to save money, one of the biggest issues is not knowing how much interest you are being charged, and how much of that is coming out…

Saving for that “rainy day”

There is an old saying “save for a rainy day.”  It’s an old saying – but a wise one!  There are good reasons why we should save money, and also what in particular we should save for. I have listed some top priorities but there are many things/expenses we can save for. Off the top…

Change on mortgage – rule change #1

Starting Oct. 17, 2016 Rule Change number 1 Under the new rules, all borrowers who have insured mortgages will have to qualify at the Bank of Canada posted rate, generally referred to as The Bench Mark Rate which is significantly higher than the contract mortgage rates offered by lenders. The current Bench Mark Rate is…

Mortgage Interest – Your Biggest Expense

Mortgage Interest Your biggest expense: Many times I ask my clients what their mortgage interest rate on their mortgage is – so many of them are unsure of what interest they pay. How many times have we opened a credit card statement and seen that interest amount charged on our credit card? Or we have…

Shop for the best mortgage!

When your mortgage comes up for renewal there are a few things you need to think about and decide upon before you sign that dotted line. How long are you going to be living in your current home?  Especially in Alberta’s hard economic times, if you are unsure about your job stability in the near…

Early Renewal

Sometimes you will get an offer from your bank to renew early- this means that they can offer you a rate up to six months before your mortgage renews, and then you will have a rate guarantee when your mortgage comes up for renewal.  I notice that early renewals are offered even more so that…

How to avoid credit report errors

When you apply for a loan or a mortgage do you have any idea what your credit bureau looks like?  When applying for a loan or a mortgage, knowing what your credit bureau looks like is key. Have you applied only to find a faulty error that should have never been reported in the first…

Does carrying a balance help or hurt your credit score?

Lenders look to see if you use your credit as well as if you use it responsibly. The most ideal credit situation typically looks like this… Credit card limit: 25,000 Balance: 1,500 This is what the lenders like to see. They would like to see that you don’t max out on your credit cards, and…