Farewell New Credit Card
Last week I received a new credit card in the mail. It was a Flexiti card, and they seem to have purchased the business from The Brick or some other store credit card. Every few… Read More »Farewell New Credit Card
How to Motivate Savings
Consumers rarely do anything unless they feel they get something out of it. I keep wondering what savings motivating system banks could put in place?
Canadians are notorious for loving rewards systems, where they can accumulate points for later purchases, maybe something like that? A points system that would pay more monthly, the more money you had in your savings account?
I think I am on to something here, if banks paid people these points that they could use to purchase things, that might motivate people to save more money.
A Savings Motivating Refinement
What if this point system allowed you to swap points for money? Better still what if you didn’t accumulate points for having more savings, you accumulated money? Money that would be added to your account balance, and then the next month you might accumulate more money because of this added money?
This is possibly the greatest idea ever to motivate consumers to save money, isn’t it?
Read More »How to Motivate Savings
Make More by Reducing Debt
One of the easiest ways to give yourself a raise, without increasing your income is by reducing your debt load. Less debt means you pay less, thus more 4 u.
Never was So Much Owed by So Many
“Never was so much owed by so many to so few“, –Winston Churchill I paraphrase Churchill as a precursor to the latest data from Stats Canada about the National Balance Sheet. Remembrance Day is not… Read More »Never was So Much Owed by So Many
RDSP Awareness , Volatility and #MoneyTalk
It is RDSP awareness month in October (according to Plan Institute). As most of you know, the RDSP is a topic that is near and dear to my heart. Watch all my social media streams ( Twitter and Facebook) for many great archive stories I have on the topic of RDSP Awareness Month. I will also include a bunch of other information about the DTC (Disability Tax Credit) and a great article about Henson trusts too.
Given the latest Market Volatility and drop in value, is now the time to crack open our skulls and eat the soft, gooey stuff inside? No! Remember if you are an Index Investor, now is not the time to panic. Have the picadors finally slowed down the Mad Bull Market of 2009? I have no idea, but it is fun to create clickbait for folks based on that.
This coming week it will be Happy Cannabis day (on October 17th). What exciting things will happen that day? I am unsure, but I may stay off the roads for a few days. Some employers are being quite strict with their rules (RCMP says you can smoke up to 30 days before your next shift, and DND’s regulations seem quite voluminous). Will folks show up to work stoned? It all remains to be seen, but remember, ” … Dave’s not here man!”.
Seems we will be saying good-bye to Google+? Must admit it never drove much traffic and ever seemed to have anyone on it, so this is no great loss. Will Google create another better Social Media site?
Deep Money Thought
“Believe me it is better to understand the balance-sheet of one’s own life than of the corn trade” –Seneca
You need to understand yourself before you attempt to understand your finances,
might be a conjecture from this thought.
