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The 10 best no-fee credit cards in Canada for August 2023 Aug 23rd
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The 10 best no-fee credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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How Financially Literate Are You? + MORE Apr 26th
Canadians need to brush up on their money smarts – at least, according to the Federal Government. Last week, the very first Financial Literacy Leader was appointed, tasked with creating a national strategy aimed at improving consumer knowledge. Canadians can expect better access to learning a.... More »
Bank of America’s No. 2 trade for 2015: Short Canadian banks + MORE Jan 10th
Analyst expects Detroit’s housing market to outperform Calgary’s
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EQ Bank review 2021 Apr 30th
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
As an online-only financial ins.... More »
Want to raise your credit score in Canada? Avoid these 5 credit card mistakes + MORE Aug 26th
What is a credit score, and how does it affect your personal finances? Anytime you apply to borrow money, whether it’s a loan, a line of credit or a new credit card, lenders look at your credit rating—and your credit score is a big part of that.
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Financial illiteracy costs everyone, especially seniors
– moneysense.ca
An article from the Urban Institute profiled a young woman who “gave up on her local bank five years ago” and now relies exclusively on storefront cheque cashing companies (such as payday loan companies). Her “bank account” is a pre-paid or re-loadable debit card. She admits that she sees no need to ever use a bank again. These less traditional money stores are more accessible to her and offer lower service fees than do traditional banks. This approach takes living paycheque-to-paycheque to a whole new level. Unfortunately, based on the information provided in the article, these non-traditional money exchanges and lenders are increasingly used, by low income earners and surprisingly also used by those earning $50,000 annually.
Living paycheque-to-paycheque provides no cushion or contingency for life’s surprises. Not only are there no savings to rely upon, but future opportunities are limited because no credit history is built. Alternative income sources such as pawn shops can only be tapped into as long as the flow of personal salable goods is available for pawning…
Living paycheque-to-paycheque provides no cushion or contingency for life’s surprises. Not only are there no savings to rely upon, but future opportunities are limited because no credit history is built. Alternative income sources such as pawn shops can only be tapped into as long as the flow of personal salable goods is available for pawning…
