Weekend Reading – Airline Baggage Fee Edition

In case you missed it, I recently wrote about how I cut my impulse spending in half (recently featured on Rockstar Finance) and urban vs. suburban – why I chose suburban.

Here are some of my favourite articles from the week….

Westjet has introduced a new $25 baggage fee for customers booking the lowest airfare. Air Canada just announced they will also implement a checked baggage fee as well.

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If you fly Westjet often and are annoyed by the $25 checked bag fee (aren’t we all?) consider getting the Westjet World Elite Mastercard, the card that offers the first checked bag free. While we don’t fly often, we do fly Westjet for most domestic flights so this card is something I’ll consider getting in the future. The card has an annual fee of $99, so it wouldn’t take long for the card to pay for itself in a year.

Related: Unconventional Ways to Save on Travel

The average Canadian household spends $185/month on cable, phone, internet and cell phones. That makes it the 6th largest monthly expense for the average household. With the CRTC hearings underway regarding the cable bundling, will our cable fees actually be reduced? One option is over-the-air television which provides some channels for free. Here’s why over-the-air TV it isn’t going away in the near future.

Related: How I Saved $684 on Cable and Internet

Here are some common DIY investor mistakes from My Own Advisor.

When is a deal not actually a deal? Barry debates the topic here and it’s pretty funny looking at some “deals” that aren’t even deals at all.

Many people think a defined benefit pension plan is risk-free or much less risk than a defined contribution plan. Here are the risks of a defined benefit pension plan.

Related: Retirement Income – Why You May Need Less Than You Think 

Some people think self-employment is all coffee shops and laptops, which is definitely not the case for most. Here are some unfortunate facts about self-employment.

Here’s an interesting discussion on what $350 looks like in an RESP. The costs of textbooks are very high and the Canada Education Savings Grant is $500 each year – which will likely buy you a couple textbooks for university. This makes savings for post-secondary even more important.

Related: The RESP – Everything You Need to Know

Here’s an interesting perspective on managing finances – and it doesn’t involve budgeting. It involves living frugally, maximizing credit card rewards and automatic payroll deductions.

Are extended warranties a good deal or a cash grab? In most cases I’d say they’re a cash grab, but I have purchased one for headphones fairly recently and it did come in handy.

Related: Review – Best Buy Product Replacement Plan

Dividend Mantra, one of my favourite dividend sites, explains two insurance stocks on his radar.

Related: 5 Advantages of Dividend Stocks

 

Tim Hortons: 11 Things You Didn’t Know

Tim Hortons is huge in Canada; if you walk the streets of any Canadian city you are bound to see at least one person drinking a Tim Hortons coffee. Their stores have become a cultural icon – the morning lineups in their drive-thrus can be daunting and the company is slowly starting to transition from coffee into other productsContinue Reading