The mortgage wars are heating up and it looks like lenders are offering new lows – as low as 1.49%. The term is only 18 months and it’s being advertised as the lowest posted mortgage rate in Canadian history.
Related: Mortgage Basics Everyone Should Know
Earlier I wrote about paying your taxes with a credit card and how it isn exact the best option for most. Now there’s a new way for renters to pay their monthly rent – using their credit card. The fees work out to about 2.75%, so this isn’t the best option either as it means you’ll pay more each month even if you do collect rewards in the process.
The news we were all waiting for: it was announced the federal government is likely to raise the annual TFSA contribution limit to $11,000 per year. This would be a huge potential for investors to earn more investment income completely tax-free. Here’s what an $11,000 TFSA limit means for your retirement.
Related: Will Your TFSA Be Audited?
If you like watching YouTube but don’t like the ads that come with them, there’s now an option to watch YouTube without any ads – for a fee. This is an interesting move from YouTube and I am curious to see if this pays off for them. There’s nothing more annoying than a YouTube video being clogged by unwanted ads.
With house prices continuing to rise, it’s no surprise a recent study showed that 25% of first time home buyers had got help from the bank of mom & dad.
At Canajun Finances, Alan writes about cash advances and lottery tickets – noting that some credit card companies may apply a cash advance fee when using a credit card to pay for lottery tickets.
Marie from Boomer & Echo describes the neat differences between post-secondary education in 1965 vs. 2015. Back then the government provided almost all funding for universities and since then enrolment by females has increased dramatically.
Barry Choi recently celebrated a milestone – reaching a $100k value in his RRSP. He sticks to low-cost index ETFs and hopes to keep this strategy going in the long run to grow the portfolio over time. Congrats to Barry!
Related: The Case for Index Investing
Here are some secrets to earning a six figure salary from Bridget at Money After Grad. No matter what industry you work in, a highly specialized skill set can be worth a larger salary than a more general skill set.
Frugal Trader from Million Dollar Journey reached a net worth of $1 million by the age of 35 – a tremendous accomplishment that took years of dedication. Here’s how his family of four lives off one government salary.
If you’re looking at investing in dividend stocks, you may want to check out these 5 stocks for greedy dividend investors from Mark Seed.
I love reading about simple & creative ways to save money – here’s a great read on saving $336 by being your own mechanic, over at Canadian Budget Binder.
Have you ever calculated how much you can earn over your entire working career? Brian So writes that depending on your salary, many people will earn well over $1 million in gross earnings.
Cash Bonus Offer
If you’re in Alberta and have 30 minutes to spare, you’re in luck.
ATB is currently offering $350 for anyone who signs up for a new chequing account.
Like Robb Engen, I’m a sucker for a good deal and couldn’t resist. I signed up for a new account to collect the $350 but was also dreading the legwork involved in these types of offers.
I was pleasantly surprised to find that the legwork was minimal and it only took 30 minutes to open the new account. I’ll need to setup two automatic preauthorized payments – which I can do online with the account information they gave me.
I don’t like paying bank fees so I’ll make sure I keep the account minimum so I can avoid paying any bank fees while still earning $350.
Unfortunately you need to be in Alberta to get the new account. If you’re in Alberta, click here to see the details on how you can score $350.
ATB also pays $150 as a referral, and if you use me as a referral I will split the $150 payment with you – making it an even better deal. Click here to contact me to get started.