When trying to save money, eventually you’ll come to a point where you have cut as many expenses as you can and there are no additional steps you can take to free up money from your current income. The next step to saving more could be to look for other sources of income. These are…
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Monthly Archives: August 2009
Friday Links
Moolanomy has 9 tips to get the most from your home sale. Million Dollar Journey looks into flipping houses for profit. Bargaineering shows how we can learn money lessons from nature. Five Cent Nickel lists eight great iPhone apps for managing your money. Financial Highway covers the basics of your credit score and credit report. The Financial Blogger discovers 10…
Keep Line Of Credit Or Switch To Fixed Rate Mortgage?
I received a question by email from Judy, who’s considering switching her line of credit over to a fixed rate mortgage to lock in the current low rates. I wanted to share it here for two reasons, I’d like to see what other reader’s opinions are on this and thought it might help other readers…
What Are The Risks Of Leveraged Investing?
Leveraged investing involves borrowing money to invest a larger amount up front, rather than if you made the contributions as income becomes available. While this does provide an opportunity to benefit from larger dividends and capital gains, leveraged investing presents some risks that you need to be aware of before funding investments with a loan…
Avoiding Fees Is Smart Finance
There are all kinds of fees and penalties that you could potentially pay, and it’s your responsibility to understand and avoid them. Most fees are avoidable. Unfortunately, many people allow themselves to be robbed of their hard earned money. Most people don’t realize that fees add up quickly and could cause significant damage to your…
What is CMHC Mortgage Insurance?
The Canada Mortgage Housing Corporation (CMHC) provides mortgage loan insurance to lenders for home buyers with a down payment of less than 20%, to as low as 5%. However, this is not to protect the buyer, it is used to protect the lender. CMHC insurance guarantees the bank or credit union that it will not…
Friday Links
Man Vs Debt lists 25 essentials that are better and cheaper to make at home. Financial Methods asks if when purchasing food or drink, are you paying for a name? Studenomics put together the ultimate financial survival guide for new college students. My Two Dollars posted 7 days, 7 ways to save, daily tips that…
