6 Ways To Recover From A Holiday Spending Snafu + MORE Jan 6th

The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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Read the fine print if you’re travelling with credit-card insuranceMore credit cards with travel insurance benefits are now extending limited coverage to seniors but the ages covered and the duration of coverage is different on every card.

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DUBAI, United Arab Emirates – The indebted builder of Dubai’s palm-shaped islands says it plans to make early debt repayments of 4 billion dirhams, or $1.1 billion, this year.
Nakheel said in a statement Sunday that strong real estate growth and improved economic conditions in Dubai boosted its finances.
The company says it plans to pay another 3 billion dirham, or almost $817 million, in 2015 when the original first installment of 6.8 billion dirham was due.
The company owes $2.15 billion in bank debt and promises to repay trade creditors $1.23 billion in Islamic bonds that mature in 2016.
Nakheel’s credit problems were a key trigger of Dubai’s 2009 financial crisis, which prompted multibillion-dollar bailouts by the Abu Dhabi-based federal government.
The post Dubai real estate growth behind developer Nakheel’s plans to pay $1.1 billion in debt in 2014 appeared first on Canadian Business.

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6 Ways To Recover From A Holiday Spending Snafu
Buyer’s remorse is at an all-time high during the last two weeks of December and the beginning of January. Frantic to complete holiday gift shopping, shoppers often disregard price tags and swipe credit cards and debit cards without a care. That is, until the reality of how much they’ve spent sets in. Enter feelings of regret.
Sound familiar? Read on for quick tips about how to recover from your holiday spending snafu.
Return — Don’t Exchange — Unwanted Gifts
Instead of exchanging that ugly sweater from Grandma for something, why not return it and keep the money instead? A few returns could help take you out of the red to into the green. If a store credit is your only option, save it for a time when you’ll really need it.
Go Cash-Only
After the holidays, give your credit cards a well-deserved break. Take them out of your wallet and replace them with cash. Relying on cash only will stop you from purchasing what you can’t afford.
Say No To Social Spending
Turn down social gatherings you can’t afford to partake in…

Continue Reading On ratesupermarket.ca »

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