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Latest News
November 28 Update: Marriott teams up with Maple Leaf sports, AC Altitude members to have Gogo WiFi option, AIR MILES ups Cash Redemption cap for the holidays + MORE Nov 28th
14 years ago today we sent out our 32nd issue of the Rewards Canada News newsletter. The big highlights in that newsletter were the Canadian specific offer of 3,000 miles for joining Alaska Airlines Mileage Plan and the buy SkyMiles bonus for Canadians only when redeeming for an award! This week .... More »
Why The Platinum Card from American Express is the best card to use for booking WestJet flights + MORE Feb 4th
Earlier this year I let you know about how we used The Platinum Card from American Express to save thousands of dollars on some last minute WestJet flights, read all about that there. At the time of booking those flights I thought this is a pretty good deal - even if we didn’t redeem points. Then .... More »
This Week in RWRDS: June 1 – 7, 2024 + MORE Jun 8th
This week we look at the return of the Amex Shop Small promotion for summer 2024, delve into the issue of PC Optimum accounts being frozen and more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Topics of discussion American .... More »
Ottawa boosts immigration officers’ ability to cancel visitor visas, travel permits - The Globe and Mail + MORE Feb 16th
Ottawa boosts immigration officers’ ability to cancel visitor visas, travel permits The Globe and MailCanada tightens immigration rules: Study, work permits now easier to revoke The Times of IndiaCanada visa: Canada make new rules to cancel temporary resident visas, work and .... More »
Should You Give Your Teen a Credit Card? + MORE Dec 16th
Over one-third of Canadians share a joint credit card with their partner, parent, or child, according to a recent survey conducted by Rates.ca. Among the parents who share their credit card with their children, 63% said that managing their children’s purchases is less difficult than it was two ye.... More »
Settlement options on an old card debt
– creditcards.com
A ‘paid in full’ notation on your credit report will be helpful
How to juggle RRSPs, TFSAs, RESPs and a mortgage
– moneysense.ca
It’s funny how having a few kids can upend even the best laid financial plans. That’s precisely what Sammu and Mandy Dhaliwall are discovering as they deal with the competing challenges of raising children and still finding a way to pay off the mortgage and save for the future. It’s a juggling act all parents must eventually contend with, and for the Dhaliwalls that reality set in about three years ago.
Back in 2013, the young couple realized their suburban Toronto home needed a major basement reno to create more play space for their growing brood, which now includes a five-year-old daughter and two-year-old twins. To do that, they ran up a hefty bill on their line of credit (LOC)—of which $90,000 remains, not to mention the $350,000 still left on the mortgage. “We made a key decision to stay put and make do with the three-bedroom home we had already bought,” says Sammu, 37, who works as a pharmacist. “We’re close to family here and they’re our support network.”
To whittle away at their debt, the couple pays $10,000 annually to their LOC while making the minimum monthly payment on their mortgage along with an annual lump-sum payment of $12,000…
Back in 2013, the young couple realized their suburban Toronto home needed a major basement reno to create more play space for their growing brood, which now includes a five-year-old daughter and two-year-old twins. To do that, they ran up a hefty bill on their line of credit (LOC)—of which $90,000 remains, not to mention the $350,000 still left on the mortgage. “We made a key decision to stay put and make do with the three-bedroom home we had already bought,” says Sammu, 37, who works as a pharmacist. “We’re close to family here and they’re our support network.”
To whittle away at their debt, the couple pays $10,000 annually to their LOC while making the minimum monthly payment on their mortgage along with an annual lump-sum payment of $12,000…
