Mobile Apps – Your Holiday Shopping Cheat Sheet

Dec 12 2014 - Saving

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The holidays are upon us! Year after year, do you struggle with a tight budget on holiday gift giving? There are lots of options out there now to help you save! While many of us have already begun thinking of ways to save this holiday season, others need a little help on where to look. As for you Gen Y, don’t be afraid to set limits – it’s really the thought that counts!

We all don’t want to spend our days going across town checking out every shop to find the best deals. As with so many things, the beautiful world of mobile apps shows us the way forward! According to Google Canada’s latest Holiday shopping survey, 59% of Canadian’s are planning to use their smartphone to shop this season. This number is up 50% from last year! Let’s go through some of the best mobile apps many savvy savers are using to keep costs down this year. The best part? It’s all free – and we could all use a little more “free” this time of year am I right?

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Recuperate Your Shopping Mishaps

Dec 5 2014 - Saving

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For some, you’re dreading to look at that monthly statement. Scanning your transactions you may have realized that it might have been a bad idea to grocery shop while hungry, or treat yourself to 4 or 5 new sweaters. There’s no denying it, many of us have made a purchase or two in the past that we had wished we could have taken back. You don’t necessarily have to be a shopaholic, but for whatever reason that month – you were “credit happy”.

The good news is – it won’t burn you forever (unless you make it a habit). In fact, from groceries to clothing, electronics and more, there are ways for you to make up some of those shopping mishaps and other ways for you to recuperate some of those lost savings going forward in the future.

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Talking Financial Literacy With The Hamilton Bulldogs

Nov 27 2014 - Loans, Saving, School, Video, Work

As we wrap up Financial Literacy Month here in Canada, we decided to have a little fun with local athletes. We made the trip down to FirstOntario Centre to have a financial literacy chat with a few of the Hamilton Bulldogs. Life as an AHL player comes with some of the same financial challenges that young adults face on a day to day basis. Here’s an inside look from three of the Hamilton Bulldogs – Mike Condon, Mac Bennett and Darren Dietz.

Watch and share your two cents!

 

Student debt, you’re the thorn in my side.

Nov 13 2014 - Loans, School

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The average Canadian student graduates university with $28,000 of debt and takes an average of 14 years to pay it back. This means that if the average student graduates at 23 or 24, they will be paying off their debt by 37 or 38. Wow. For some it’s probably not until graduation comes around that the word “debt” comes up in conversation. Quite simply, student debt sucks and many Gen Y’ers are simply tired of dragging it around. For many it’s because it sometimes feels like it’ll never come to an end. I recently discovered an article in the Globe and Mail – one that many of you can probably relate to, no matter what age or stage.

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November Is Financial Literacy Month

Nov 7 2014 - Saving

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It’s crazy that year after year we still know more about pop culture, healthy diets and the world of sports than we do our own finances. To be quite honest – I’m even in this spot sometimes so I can relate. We dedicate more time researching “sport scores or current fashion trends” in Hollywood than what our own finances look like. Yikes, kind of scary, but true. When it comes to understanding our finances, it’s time we make it a priority. There’s a purpose that Financial Literacy Month was created. Canada is still falling behind when it comes to financial literacy – a reason Jane Rooney, Canada’s first Financial Literacy Leader was brought in to help the Canadian Task Force on this very subject. November 1st marked the fourth annual Financial Literacy Month here in Canada! Statistics show that there is a need for more conversation on the matter. When it comes to our financial literacy, the majority of Canadians (94 per cent) give themselves a passing grade, according to a recent survey. Of that number, 56 per cent give themselves an “A” or “B” grade, compared to 45 per cent last year. What I also thought was interesting was that the report revealed that most Canadians (56 per cent) feel they would benefit from an introductory course covering personal finance basics. This is always good news.

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Car Insurance: Can I even afford you anymore?

Oct 23 2014 - Saving

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I know exactly what it feels like to fork over 50% of your pay cheque to one thing every single month – and I’m not talking mortgage or rent. That’s what car insurance was like for me. Was I the greatest driver? No, and I’ll be the first to admit that, but the industry wasn’t so much in my favour at the time. Car insurance is definitely not the cheapest thing going for Gen Y’s out there. I recently read an article in the Globe and Mail about the state of car insurance affordability for Millennials these days. It struck me how soaring premiums have nearly priced out Gen Y from the market these days. Nonetheless there are still practical ways to make car insurance affordable.

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