YOU CAN NEGOTIATE ANYTHING AS LONG AS YOU KNOW HOW TO MAKE ALL THE RIGHT MOVES. Dealing with a rent increase is one of those difficult negotiation situations that needs to be backed by top-notch negotiation skills. Whether you’re a new tenant, on the cusp of renewing your rental lease or you’ve been handed a yearly rent increase the ball is now in your negotiation court. The art of negotiation can be used in just about any situation even when someone says the price is firm. Even then if you have the right backing power you might be able to squeeze in a discount or in this case negotiating a rent increase that doesn’t fit with your current budget expenses. Rental prices in our area have gone through the roof in the last couple of years. If you are a family with 2 children and need to rent a 2 or 3 bedroom apartment you’ll be looking at near $1200-$2000 a month whether it be in a basement apartment, one level of a house or apartment complex. An apartment complex is typically run by a property management team and basement apartments and house rentals have landlords who own the […]
What Are Your Sources For Financial Stress?
MANAGING MONEY PROBLEMS DOESN’T START WITH EARNING MORE. How many of you are in a state of financial trouble? I don’t want to know because that is a question for you to tackle possibly signaling time for a financial stress test. If you really want to fix your financial stress it takes more than just earning more money. Let me explain. If you answered yes to my question you might want to take a bow, raise the curtain on your debt show and start a new chapter. If you can’t make ends meet don’t sit around waiting for collapse get ahead of the game because if you suffer from financial stress now it will only get worse. Unfortunately not everyone may be able to get ahead especially if living on a fixed income. For those who are and can manage the bills with what they get financial stress looms over them just as much as the next person. If you believe you can’t get ahead because your income doesn’t cover the bills and you’re debt free then something must change. We can all say no to credit and creating debt we don’t need but we can’t all rush out […]
How To Avoid Turning One Dollar Into A $29 Credit Card Fee
A CREDIT CARD HAS ONE MISSION-TO MAKE MONEY. Would you open your window while driving and empty your wallet out? Laughable, however too many of us do this without even knowing it. Never ever just open a credit card bill or any bill and just pay it. If you do this then you run the risk of throwing money out the window. This almost happened to us but thankfully we DO read our statements and found a surprising credit card fee that was not expected. Related: Why you should always read your grocery receipt Besides earning rewards some people they pay a heavy price for holding a credit card balance and paying the minimum. That’s really not what I’m going to talk to you about today though. Quite the opposite actually which not only sent us to the telephone with our jaw dropped but to find out almost all credit card companies do this. Credit Card Fees…. there’s more than 1. We’ve never once paid any interest to a credit card company and don’t plan to begin but this isn’t an interest charge it’s an over credit limit charge. If you thought that your credit card would send out […]
Should you Invest in an RRSP, TFSA or Non-Registered Account?
UNDERSTANDING HOW YOUR MONEY IS INVESTED IS HALF THE BATTLE One of the most common questions I hear in my job is ‘what type of account should I be saving in?’ If you are just getting started with investing, then you may have heard about RRSP’s and TFSA’s but not really know the difference between them and when you should be using each one. That’s what I’m here to talk about today, the pros, the cons, and the best time to use each of these accounts. When it comes to basic investing you have three main account types you can use; an RRSP, a TFSA, or a non-registered account. Each of these have their own positives and negatives, so it’s helpful to figure out the most valuable for your current situation. You can hold a variety of investments (stocks, mutual funds, ETF’s, etc.) in any of these accounts; there are a few limitations in RRSP’s and TFSA’s, but unless you are a very high risk, speculative investor, this will likely never come up. RRSP’s (Registered Retirement Savings Plans) Since you are here reading a blog about finance, I’m going to assume that you have heard of an RRSP. […]
7 Facts about Credit Card Loans That make them Overshadow Bank Loans
FROM TIME TO TIME YOU MAY BE FORCED TO MAKE FINANCIAL DECISIONS WHEN YOU DON’T HAVE AVAILABLE SAVINGS. There are options with-in reach for those of you who are struggling to get ahead provided you find one that works with your budget. In this era of digital transactions, credit cards have a myriad of uses ranging from cashless transactions, reward points to special deals. In fact Mrs. CBB and I typically only use our credit cards to make purchases because of the perks. We pay our credit card in full at the end of the month and hardly ever have to step foot into our bank. Credit cards offer the convenience of shopping almost anywhere across the globe with a swipe, tap or insert payment option. If handled correctly credit cards can be a source of freebies and financial help in the event you are stuck without emergency savings as back-up. Even if you do have savings, sometimes they are just not enough depending on the circumstances. In addition, you can access a fast pre-approved loan within and sometimes over their credit limit. The company advances you the amount that you can pay at a later date with a […]
