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Choosing a Group Benefits Advisor Mar 28th
How Getting a Group Benefits Plan Works
A company that is looking for a benefits plan engages an advisor (e.g. a broker or agent) who then submits that company’s details to several insurance companies for a quote. (An experienced advisor will know which insurance companies are best suited for.... More »
When to prioritize debt repayment over saving Nov 7th
In an earlier story, we introduced you to Lindsay Tithecott, a 29-year-old who is trying to pay down debt, build up savings and buy a larger condo. To help her get her finances in tip top shape, we gave her a series of financial challenges, including a rethink of her budget-busting fitness classes. .... More »
What is an Insurance Grace Period? Sep 13th
Life gets busy sometimes. It’s not surprising you might forget to pay your insurance premium. But what does that mean for your coverage? Some insurance is optional, but some — like auto — is mandatory. So, the last thing you want is a cancelled policy.
Thankfully, you might not ne.... More »
If my flight is delayed or cancelled, can insurance offered by my credit card help cover the cost? Aug 4th
Medical insurance is typically the first thing that comes to mind when someone mentions travel insurance. But you could get a lot more out of your credit card..... More »
Want to save money on auto insurance? Buy winter tires, say experts Oct 23rd
With the wrong rubber on cold, wet, snowy or icy roads, you’re not only risking life and limb, you’re playing with financial fire, say experts..... More »
When are credit-card rewards worth paying an annual fee?
– moneysense.ca
For the last decade or so, Jim and Willina Collins have enjoyed a regular bonus by using their no-fee cash-back credit card to pay for many of their expenses, including holiday flight and accommodation bookings, gasoline, vehicle repairs, and insurance on their vehicles (the couple have a car and a truck for daily use, as well as a collection of vintage cars). Once a year, they enjoy a debit on their card statement, reflecting a small percentage of the total value of their purchases from the last 12 months.
The couple are extremely diligent with money. They pay off the $1,000 to $2,000 they put on their card each month in full, including holiday bookings, which are always paid off before they leave for the trip. Their philosophy, says Willina, is that if you’re going to put a purchase on your card, “you’ve got to have the bucks to pay it.”
Because they don’t allow a balance to accumulate, the debt-averse couple are able to take full advantage of the benefits of a cash-back reward card, without incurring interest charges…
The couple are extremely diligent with money. They pay off the $1,000 to $2,000 they put on their card each month in full, including holiday bookings, which are always paid off before they leave for the trip. Their philosophy, says Willina, is that if you’re going to put a purchase on your card, “you’ve got to have the bucks to pay it.”
Because they don’t allow a balance to accumulate, the debt-averse couple are able to take full advantage of the benefits of a cash-back reward card, without incurring interest charges…
