3 Smart Ways to Use Your Holiday Bonus

3 Smart Ways to Use Your Holiday BonusMore than half of employers (54%) said they planned to give holiday bonuses in 2015, up from 47% in 2014, according to a new survey from CareerBuilder. (Sadly, only 14% plan to give more than last year.) If you happen to be one of their lucky employees, perhaps you’re wondering how to put that cash to use. Fortunately, we have some ideas. 1. Sock It Away Study after study highlights…

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You Spring-Clean Your House Why Not Your Finances?

You Spring-Clean Your House Why Not Your Finances?Many Canadians engage in regular spring cleaning rituals like checking fire alarms, rotating mattresses and planting gardens. They’re tedious and time-consuming tasks, but they need to be tended to by responsible homeowners. Those responsibilities shouldn’t end at household chores. Spring is as good a time as any to dust off and polish up all things personal finance. You’re already sorting through slips and statements to file your taxes, so you…

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Cashless Buying Poses Financial Risk For Those Without Self-Control

Cashless Buying Poses Financial Risk For Those Without Self-ControlFinancial planner Victor Godinho said goodbye to his wallet four years ago and hasn’t looked back. The 23-year-old adviser at the VTAG Financial Group Inc. in Toronto was one of the early adopters of the “cashless” lifestyle, a move to ditch pocket change and bills in favour of plastic cards and mobile phone payments. “I simply decided that change and cash were too frustrating to deal with,” he said. New…

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5 Ways to Limit Your Risk of Credit or Debit Card Fraud

5 Ways to Limit Your Risk of Credit or Debit Card FraudWhen Target acknowledged last month that 70 million credit and debit card accounts had been exposed to theft, it was another stark reminder that any of us can become victims of fraud. Close to half a billion dollars is lost to credit-card fraud in Canada annually. Here are five ways to limit your risk: 1. Answer your phone with suspicion Be wary of individuals who ring you out of the…

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Square for Small Businesses Takes on eCommerce Giants

Square for Small Businesses Takes on eCommerce GiantsSince 2010, Square Inc’s matchbox-sized card readers have steadily supplanted credit card machines in coffee shops and corner stores across the United States. Now, the company, one of Silicon Valley’s most highly valued private firms, is diving into a market as expansive the internet itself. Square launched a shopping website this week called Square Market to serve as an online storefront and payment processor for small businesses, a move that…

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5 Ways to Get Rid of Credit card Debt

5 Ways to Get Rid of Credit card DebtThe average credit card debt of a US household is over $15,000. That is a lot of money! Our neighbor to the north is in even worse shape in that an average Canadian household owes nearly $27,000 in credit card debt. Credit card debt can become an overwhelming problem if you don’t take care of it early because of the high interest rate. It’s best to avoid credit card debt…

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Secured Credit Cards Can Help Build Credit History

Secured Credit Cards Can Help Build Credit HistoryNewcomers to Canada can have a very difficult time getting a credit card because they don’t have a  credit history. Building up a positive credit history is a good idea because it will make it easier to get a line of credit, a loan, or a mortgage later on.One way to do that is with a secured credit card as long as you understand how it works. Here are a…

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Best Buy Customers Hit by Data Breach

Best Buy Customers Hit by Data BreachNames and email addresses of Canadian and U.S. customers of Best Buy, some banks and other firms have been exposed in a data breach. Best Buy Canada and Victoria, B.C.-based AbeBooks were among the companies that sent emails Monday to Canadian customers informing them that hackers may have gained access to their files after a data breach at Dallas, Tex.-based marketing and communications firm, Epsilon. The company, which bills itself…

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Pros & Cons of Using a Credit Card-Only Spending System

Pros & Cons of Using a Credit Card-Only Spending SystemWhen it comes to budgeting and spending money we all have our own unique plans. Some of us prefer to track every penny. Some people just go with the flow. Some prefer using cash-only, while others go card-only. I wanted to look at the pros and cons of a card-only spending plan. First well start off by looking at the benefits of a credit card-only (debit and credit) system: More…

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Maxed Out!

Maxed Out!The disturbing, but very important, full documentary about the credit problem (and addiction) people have when using credit cards.  And the immoral, but very much legal, habits by the credit card issuers to lure people in to use and become addicted to credit beyond their means.  A must-see to become aware of this growing epidemic and hopefully take back control of your life.

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