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Latest News
Earn Double AIR MILES Reward Miles for stays at IHG hotels this summer! May 31st
Aeroplan isn't the only Canadian loyalty program with a bonus miles offer for stays with IHG! Their biggest competitor, AIR MILES also has one! AIR MILES members can earn double miles for all IHG stays until the end of August! Remember IHG hotels is the banner name of brands like Holiday Inn, Holida.... More »
September 27 Update: Today is SCENE's No Excuses day - see movies for half the points, further update to enhanced Amex AIR MILES Platinum Card, Air Canada Asia sale sees fares as low as $570 + MORE Sep 27th
Today is No Excuses day with Cineplex's SCENE program. You can see any movie today only for half the amount of SCENE points, you can get 1,000 bonus SCENE points on Combos 1-3 at the concession, 50x Bonus Points at their restaurant partners and much more! Check it all out here!We have some furth.... More »
What Is Rental Car Insurance and Do You Need It? + MORE Aug 17th
When travelling for work or vacation, you may decide that the best way to get around is by renting a car. But finding the right vehicle for your trip isn’t the only decision you’ll need to make. Another important consideration is car rental insurance. But how exactly does it work, and how much w.... More »
OFFER EXTENDED: Earn up to 60,000 bonus Flying Blue miles on the Air France KLM World Elite MasterCard Nov 18th
The up to 60,000 Flying Blue Miles offer on the Air France KLM World Elite MasterCard has been extended once again and is now available until December 18! This card was unique in that when it first launched it did not feature bonus miles but rather bonus points towards elite status. This was done to.... More »
The Platinum Card from American Express just became more valuable for your future travels + MORE Apr 16th
If you didn't see the news from earlier this week about Plaza Premium lounges leaving the Priority Pass and LoungeKey lounge access networks. I recommend that you read that first (read it here) and then continue on with this post to see how this move just boosted the value of the Platinum Card from.... More »
How a young couple can kill $142,000 in debt and start investing
– moneysense.ca
iStockJulie and David live in Calgary with their two daughters, ages 10 and 7. David, 40, is a cable technician earning $150,000 annually while Julie, 37, works part-time at a retail store near home earning $6,000 annually. In 2014, their lives changed when David fell on the job and injured his left side, leaving him disabled for two years.
Through physiotherapy, massage therapy and other alternative medical care he has been able to make an almost complete recovery. “It’s been a long road but David is now back at work and is able to function at about 90 per cent of his previous abilities which is wonderful,” says Julie.
For the months that David was off work, the couple quickly started drowning in debt. Right now, they have about $142,000 in debt that includes $46,000 in high interest rate credit card debt, an $11,000 car loan, a $5,000 student loan, a $12,000 bank loan, a $52,000 line of credit, $1,250 in bank overdrafts as well as $14,000 from family and friends.
As renters, they have no mortgage but they’ve still managed to load up on debt…
