Gail Vaz-Oxlade warned about banks’ rights to seize money from customers to repay their debts, a practice known as a debt cash grab. This action, made legitimate through banking agreements, occurs frequently when customers amass significant or delinquent debts. Big Cajun Man advises considering diversification of assets and debts, and caution against consolidating all banking with one institution for enticing deals.
Is your toilet flushing hot water ? You might want to check, connections get confused, and it can end up costing you a great deal like bank fees do.
I was reading a very interesting article in the Bloomberg Businessweek†“Chowing Down on Boomers’ Brains“, which talks about the huge loss of “tribal knowledge” with the retirement of the Baby Boomers from the workforce,… Read More »Financial Knowledge Draining Away
I wrote about things to do at the end of the year, and I “poo poo’ed” someone who mentioned (in a comment) that you could skirt the TFSA transfer fees if you took the money… Read More »TFSA Transfer Fees
Financial Redundancy is important, ensuring that you do not keep all your financial eggs are in one basket, or are prone to too much risk.
