CREDIT CARDS ARE MORE THAN JUST A BACK-UP PLAN! There’s no doubt you need to be careful with credit cards. There are people of all ages throughout Canada struggling with credit card debt in the thousands or tens of thousands. And if you start missing payments, your credit score will be in danger, which will affect your ability to acquire assets and may even limit your employment options. Related: How to avoid turning $1 into a $29 Credit Card fee However, credit cards are not inherently bad. Money mismanagement is, and the two don’t necessarily go hand in hand. If you are conscientious about how you use your money, you can actually save money by taking advantage of credit cards. Instead of battling to pay installments, you can live the lifestyle you choose without letting the debt ever get out of hand. There are multiple ways to save money using a credit card. These are 5 of the most effective. 1. Transfer your balance to a 0% APR credit card If you are already carrying credit card debt, there is a simple way to get out of paying crippling interest. Many credit card companies offer a 0% […]
A Love Letter And Life Lessons: Money Fool To A Budgeting Money Saver!
A love letter taught me a life lesson steering me away from becoming a money fool and into a budgeting money saver. I know what you are thinking and you are probably right. What did Mr.CBB get himself into this time. Well the morale of the story is always the icing on the cake so I’ll save that until you get deeper into the thick of things. A Fool And His Money If you’ve ever considered yourself a money fool which to me means someone who spends without a care in the world then you may learn a lesson or two here. You may be someone who doesn’t worry much about what’s right and wrong but you know that at some point you have to make decisions you might not want to face. You are spending cash to impress others or to make yourself feel better but there comes a time when you must pay for those pleasures. If you spent money you didn’t have or too much money then you have to decide what your next financial step will be. I often think back to when I was younger and ponder what I might have done or experienced that […]
The Grocery Game Challenge #2 May 13-19, 2013-Discount Days And Rewards Programs
What would the grocery game challenge be without discussing discount days and rewards program perks to save money in the grocery budget? Essentially a discount day is a day or many days where a grocery store offers discounts to its customers and in some cases like Juanita’s, a further discount for holding a loyalty rewards card. I was intrigued by the deep discounts some of the fans, especially Juanita who scored some great deals on groceries at Sobeys during a discount day that offered a %10 discount to all customers and a further %5 if you were a Club Sobeys member. She may not have gotten everything free or a 98% savings but she saved a significant amount of money by planning this shop and the savings that came with it. I’m not too familiar with discount days at Sobeys as I don’t frequent that grocery store as it’s too far of a drive for us to the nearest shop. I find it interesting to read all about the different discounts and savings programs all around the world, not just in Canada because pricing isn’t always the same. In many cases staple foods are not the same either so our diets differ and […]
Saturday Weekend Review #14- Credit Card Surcharges, Would You Pay Them?
Paying to use our credit card each time we swiped it would certainly make the choice of not using it easy for us. A recent conversation with a local pizzeria owner we frequent shared with us that it does cost him money when customers use a credit card. If we ever order a pizza now we pay in cash because we kinda feel bad about it, but not sure if he meant to make us feel that way or we feel sorry for him. He does make a good pizza for a reasonable price though. Canadian businesses are charged fees from 1.5 to more than 3% of each purchase put on a MasterCard and Visa credit card. Best of it is, if you are using a premium credit card merchants have to pay more. The transaction charges imposed are per the anti-competitive rules set out by the competition bureau of Canada. Would you not say that this is just part of the cost of doing business? We have seen signs at shops that say “Cash Only” or “Debit and Credit Card Machine” down in our days but tend to stay away. In Canada merchants can ask the customer to pay a surcharge […]
