Renting the right way protects career woman

LOOK OUT FOR NUMBER ONE   It’s that time of year where students are renting apartments, rooms or anything they can get their hands on just so they can go to school. Students aren’t the only people looking at rental listings, it’s everyone who needs a place to stay because they aren’t homeowners. When we are young we don’t think much to the rental game that is out there for those homeowners that want to pay down a mortgage on a rental unit. The game is simple, rent out the house so it pays the mortgage, repairs and city taxes. With the right tenants it’s money in your pocket as a landlord. Some landlords take it a step further and don’t repair homes etc. but that’s an entirely different story. Some people don’t even own homes and try to get rent from unsuspecting people who are looking for a safe place to live. Not every landlord is shady but between landlords who can’t even afford to keep a house going and those renting an apartment online for cash or online fraud with rentals it can be a tough game to play. Real estate scams are a big business especially once […]

Parents tell son he will create credit card debt with rewards cards

CREDIT CARD BUDGET SAVINGS   I talk about credit card debt on CBB once in a while and I also talk about how credit cards can easily be your friend if you use them properly. Many people use credit cards today rather than carrying cash with them. It’s simple to tap, swipe or insert and enter a pin to pay for a purchase and in most cases it gets you through the checkout faster. We carry credit cards because of ease of use and of course there are perks to using Canadian Credit Cards if you use them wisely. Credit cards have helped many people get back on their feet because they knew money was on the way. One friend of ours was in between jobs and used the credit card to get grocery rewards which helped them to buy more groceries for the family every month. One of our current rewards cards the SDM Optimum has almost 500,000 rewards points which is equal to about $1000 worth of free product. We don’t own the Optimum credit card but if you did you could get even more Optimum points faster.   Credit card debt   How to pay off credit […]

Couple’s happy retirement on hold until son moves out

HANDS OFF THE RETIREMENT POT   Enjoying a happy retirement for many couples means that they are able to use the money they saved to live out their retirement dreams and fund everyday expenses. For some young adults living at home can be embarrassing and for others it’s a great way to save up cash, pay down debt and to start life on their own. What happens though when the money you save for retirement is being spent on your kids because they move back home and/or always in need of cash?   Moving back home with the parents   Parenting is a hot topic no matter what age your children are but none the less it’s still a hardship many parents face when they don’t have the answers. Sometimes the solution is easily solved and other times it’s a sensitive matter especially when it has to deal with finances and life in general. I’m pretty sure some parents out there wish that their kids are only sticking around for a short period to save up money to move out on their own. There are kids though that have no intentions but to live off their parents hard-earned money because […]

Will signing a room rental agreement feel like moving home?

BEFORE RENTING A ROOM……   Signing a room rental agreement could feel like you are moving in with your parents but it could be worse, you could be moving in with Sheldon Cooper. Although renting a room is a great way to save money in the budget it also comes with pros and cons but it’s best to do your homework first before signing on the dotted line. Not all families or couples are the same so like the homeowner who may interview you to see if you are the right fit to move in you want to do the same. If you are someone who likes to live in clean, quiet environment then search out rooms for rent that fit that description. If you don’t mind kids and pets you can easily find a room for rent because lots of families are looking to supplement their income if they have a spare room in the house. Kids are costly after all. Today I have a fan question that came in that I was easily able to answer since I’ve been in his shoes before. I’m happy when the fans do their homework because not only are they saving themselves […]

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