What type of bank should you stash your cash in?

MAKE AN INFORMED BANKING DECISION   Deciding where to open a bank account, invest your money or apply for a mortgage can be an overwhelming process with more than the traditional banking options available. While the Big 5 banks in Canada are a common option for many, depending on your situation you may find that other financial institutions may be a better fit for your banking needs.   Assess your needs   What are you setting out to do? Are you a new business owner, looking to invest, applying for a mortgage, opening a savings account or are you just looking for day-to-day banking? Decide what banking options are most important to you. Before you start out on your search make notes as to what is most important to you when it comes to your banking needs. This will help to ensure that you will make the best decision that you will continue to be happy with. Some major factors to consider are the availability and quality of customer services, accessibility to your money, convenience and the fees associated with your banking.   Traditional banks   The Big 5 banks in Canada include Royal Bank of Canada, Toronto-Dominion, Bank of […]

Canadian Credit Cards Can Provide Some Great Perks! What’s your cup of Tea?

Is there any mystery as to why some people were not meant to own a credit card? When I talk to most people about debt they tell me that it’s the fault of the credit card they carry in tucked in their wallet. They fail to recognize that the card isn’t doing the shopping, it’s them. It’s reality that a credit card is sometimes a necessity to book a hotel, rent a car  or use paypal and other on-line frequencies. If you don’t have one the consumer hears , you are not privy to use our services or we don’t know if we can trust you.  It’s like a gold ticket for these retailers, you mess up, they have your number. If you credit score isn’t up to snuff you might find yourself  lagging your mates who are able to capitalize on all the perks a credit can offer. What is a Credit Score? According to Industry Canada a credit score is a judgement about your financial health at a specific point in time. You can check your credit score for free once per year.  You are rated on a scale of 1-9 where a 1 means you pay your bills within 30 days […]

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