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Latest News
Urbancorp reminds us that our investments are at risk Aug 26th
Want to know why our grandparents hid money in their mattress? Because prior to 1967 any money saved was at risk. If a bank failed, those savings were gone. Wiped out. A big, fat zero. For them, it felt safer to tuck the bills into a hidey-hole and hope for the best.
But the feds realized this wasn.... More »
The costs of the Fort McMurray fire May 6th
A wild fire rips through the forest 16 kilometres south of Fort McMurray, Alta., on highway 63 on May 7, 2016. (THE CANADIAN PRESS/Jonathan Hayward)
When the wildfire struck outside Fort McMurray a year ago, Rocco Neglia was sitting in a regular office meeting across the country at the head office o.... More »
Unique ideas for your last will and testament + MORE Dec 1st
When you write a will, it is your opportunity to ensure your final financial and other wishes are carried out by your executors. given how many people have no will at all, I am happy to see technology is making it easier to prepare and sign a will without having to leave home. But there are circumst.... More »
How much total ‘credit’ should a couple have? Aug 3rd
Q: I’m wondering how much total ‘credit’ I should have? My husband and I have a few credit cards and two Line of Credit (LOCs) between us totalling about $50,000. We don’t have a habit of maxing it out and we pay it off fairly regularly. I’m being offered another LOC f.... More »
How to deal with the rising costs of auto insurance due to car theft Apr 17th
Looking for a break on car insurance premiums is often top of mind for drivers. And finding ways to reduce that figure is especially important now, when rampant thefts have led to higher insurance costs.
How to lower the cost of auto insurance and prevent car theft
Experts say installing .... More »
Trimming Teen Car Insurance Costs
– ratesupermarket.ca
Inexperienced drivers present a major danger on the road, to themselves, their passengers and other drivers. Study after study shows that younger people in particular are far more likely to be involved in a collision than any other group of drivers.
In particular, during the first six months of being licensed, young drivers are eight times more likely to be involved in a fatal crash than more experienced drivers, according to the Traffic Injury Research Foundation.
So, it shouldn’t be all that surprising that car insurance costs for teen drivers are typically much higher than average — particularly for younger men.
Young Female Drivers Get A Break
Premiums are a bit lower for young female drivers, since they’re perceived as being more cautious than young males and therefore a better investment. Not only do women have fewer accidents, but those incidents usually don’t involve as big a payout, according to industry statistics.
Over and above telling them to forget about driving for a few years — premiums for first-time drivers drop significantly around age 25 — there are several ways you can reduce the extra costs associated with insuring a teen driver…
Is Your Vacation Properly Insured?
– ratesupermarket.ca
Warm weather has finally descended upon Canada – and you’re likely keen to trade the nine-to-five office slog for a very well-deserved summer getaway. Whether you’re hitting the highway or taking flight to your destination, preparing for your vacay takes more than packing up your favourite sundress or board shorts. Failing to take out the right insurance coverage means you’re running the risk of paying thousands of dollars should your summer fun take a dangerous turn.
Don’t Hit the Road Without Car Insurance
You know car insurance is mandatory – but are you possibly paying more for it than you should? Depending on your province, you could be benefiting from a more competitive rate offered by another insurance provider. In fact, it’s smart to review your insurance options on a yearly basis as you renew, as a change in vehicle, significant upgrades or a continuously good driving record may make you eligible for lower premiums.
Looking for the best car insurance quotes in Canada? We’ve now got a handy comparison tool that digs up the best rates for you in your region…
General Motors Canada breached its contract when it reduced the health care and life insurance benefits for some of its retired workers, an Ontario court ruled Wednesday.
Make the most of sudden windfall
– moneysense.ca
If you ask Jonas and Anika Finn about the happiest day of their lives, they can pinpoint it exactly—April 7, 2008, the day they got a second chance at love. Having each come from failed first marriages, Jonas, 43, and Anika, 41, were thrilled to find each other. The couple first started chatting online through the dating site, Lavalife, and met in person a few weeks later on that fateful day. “I had been online dating for a couple of years and had been disappointed,” Anika says. “This was going to be my last kick at the can. I wanted a long-term relationship with someone who loves travel and adventure as much as I do. Jonas didn’t disappoint.”Jonas admired the honesty of Anika’s ad. “She sounded down to earth and I was ready to meet someone to share my life,” says Jonas. (We’ve changed names to protect privacy.) Today, however, after three years of marriage, the Finns find themselves at a crucial financial crossroads. The couple expects a windfall of about $125,000 after Jonas sells his 10% ownership stake in the insurance consultancy where he works and they’re not sure what to do with it…
