The Dangers of Payday Loans

I was on Facebook this week and I saw an Influencer campaign for a payday loan company.  A Canadian payday loan company was using mom bloggers to shill the benefits of payday loans.  Let me be very clear about my take on payday loans and why all Canadians should try and stay clear of them. first, these high-interest loans simply do not make economic sense.  I knew I had to write about this topic as well I have taken out several payday loans and getting out of that cycle of debt took hard work.

Payday loan companies say they are a quick and easy way to take care of an immediate financial need. They even tell you there interest rates which in Canada average anywhere from 15-23% per hundred dollars borrowed in 2019. They tell you it is an easy simple way to meet a financial burden. I am here to tell you they are wrong.

Payday loans are like gateway drugs, they can lead to a heap of trouble. Let’s look at the stats:

  • Most Canadians carry some sort of monthly debt forward every month. That number continues to grow.
  • 37% of all bankruptcies in Canada include payday loan debt.

The fact is those that take out these loans are often living payday to payday and can’t really afford the loan in the first place.  Like me, back in the day, I lived payday to payday and struggled to get by. Payday loans came into play when I had maxed out the credit cards and needed to survive.  A simple loan of $300 was repeated several times before I finally got wiser and started adding up the numbers.  Payday loans have the highest interest rate when it comes to loans in Canada and they prey on the poor, that is why in recent years most provinces have capped the interest rates. The law across Canada is currently a Canadian can not pay more than 60% per annum.  Here in Ontario for a $500 loan for 2 weeks, you will have to pay back $575.00 and if you are late there are fees on top of that.

So what can you do if you need money in a hurry instead of a payday loan?

Take a credit card cash advance. Yes, it still has an interest payment but it is far less than a payday loan.

Apply for an overdraft on your chequing account. Again, it has a far lower interest rate.

Already maxed out these resources?

Sell something. Find something you have of value and sell it.

See yourself in need of extra cash, pick up a side gig. Here in Toronto on the Bunz Employment page, I often see someone looking to hire someone for all kinds of temporary gigs. There are at least 50 different ways you can earn $100 online.

Ask to work overtime. Many employers will allow you to work up to their provincial maximums. Here in Ontario that is 44 hours.

Plan ahead. I have written time and time again about the need for an emergency fund and getting one started when you live payday to payday, its hard work. My suggestion, start small even $25 every pay is a start.

Negotiate a late payment.  If it is a car payment, rent payment or the like and you normally pay on time call the lender/landlord and see if you can work out a plan.

Last but not least you can ask for help from family and friends. Get a loan from them just make sure you pay them back in a timely fashion.

 

 

 

Image Credit: recipesbnb.com

10 Recipes You Can Make Just Using a Microwave Oven

Image Credit: recipesbnb.com

Let’s face it – as fun as cooking is, it can get exhausting after a long day. Sometimes, it’s incredibly tempting to get takeout and call it a day. However, did you know that your microwave is the ticket for quick and convenient meals that don’t require much fuss? We often just use our microwaves to heat up leftovers or frozen foods, but these are some recipes that you can actually cook using just your microwave! Let’s jump into the recipes:

 

  1. 2 Minute French Toast in a Cup:

This easy-peasy recipe requires just 2 pieces of bread per cup (any type of bread at all will do!), butter, milk, egg and cinnamon (and your microwave of course!).

 

Click here to see the recipe.

 

For our busy lives, especially in the morning rush before school and work, there’s nothing better than a quick, easy-to-make breakfast. Using your microwave to cook French toast in it might be new to you, but it’ll soon become your staple! If you don’t have a microwave oven, look into purchasing one.

 

  1. Ropa Vieja

This Cuban dish of shredded beef in a tomato sauce is usually slow-cooked to get the unique flavour profile – something most people would never expect to obtain from a microwave! But this recipe shows exactly how you can achieve that, with only 10 minutes of prep time.

 

Click here to check out the recipe.

 

Slow cookers and pots can be quite pricey, so use what you have at home – your microwave! You get a healthy, exciting dish for you and your family, without the stress of hours of cooking and prepping.

 

  1. Lemon Bars

Dessert in a microwave? Yep, you got it! This amazing microwave lemon bar recipe will make you the star at bake sales, or potlucks. Easy, fresh and delicious, make a dessert favourite in your microwave.

 

Recipe can be found here.

 

Trying to do everything can get really exhausting, so instead of feeling bad for buying dessert for your next party, make it yourself in your microwave.

 

  1. Ratatouille

Who doesn’t love a good ratatouille? While this dish is packed with veggies, the traditional version is definitely labour-intensive, with each vegetable requiring dicing and sautéing separately. Your microwave version needs just 10 mins of prep time, with the remaining 20 taken care of by your appliance.

 

Check out the recipe here.

 

We bet you’ve never loved your microwave more! Invite over a bunch of friends, crack open a bottle of wine, and celebrate good food made easy!

 

 

  1. Cinnamon Rolls

It’s another “mug cake” recipe that only takes 3 minutes to make! The next time you have a craving for something sweet and fluffy, don’t fret. Your trusty microwave can handle all your whims.

 

The recipe can be found here.

 

Requiring just a few basic ingredients, most of which you probably already have at home, keep this recipe handy for spontaneous dessert-cravings. It’s also a crowd pleaser when friends unexpectedly drop in, or when you’re in the mood for a treat. The best part? All you have to do is mix the contents and put in the microwave, with the actual cooking being done without you!

 

  1. Mac N’ Cheese

Macaroni and cheese in a mug – really? Another mind-blowing dinner staple that can easily be made, especially for a single serving. On those days when you’re tired from work or school, quickly whipping up this famous comfort food will renew your spirits and have you thanking the inventor of the microwave.

 

Click here for the recipe.

 

The best part about this recipe is that it doesn’t use processed cheese, like the boxed kind. Thus, you’re getting a faster option that is also healthier! Win-win, don’t you think?

 

  1. Margherita Quesadilla

When you’re feeling a little Mexican-inspired but don’t want to spend the time standing by a hot stove, grab these 4 ingredients and your new BFF, the microwave, and boom, quesadillas like the pros. All you need is 1 flour tortilla, 1 sliced tomato, some mozzarella cheese, and 4 basil leaves!

 

Get the recipe here.

 

Quesadillas are a delicious meal that can be eaten for lunch or dinner. Making them in the microwave probably never occurred to you, but this Margherita-style recipe is great when you’re craving a good meal but can’t be bothered to put in the effort!

 

  1. 10-Minute Microwave Enchiladas

Speaking of Mexican food, how about some enchiladas? Another incredibly good, flavourful meal are enchiladas. Traditionally though, these guys can take quite some time to prepare, making them more of a once-in-a-while type treat. Your microwave eliminates all the fuss and gives you ready-to-eat, perfect enchiladas.

 

Click here for the recipe.

The microwave really is the best for this type of meal, seeing as once you combine all the ingredients, all you have to do is stick it in the microwave. When you’re hungry, have a family to feed, and are running short on time, the microwave couldn’t come in handier.

 

  1. Baked Potato

Is it still called a “baked” potato when made in the microwave? Semantics aside, a classic comfort food is the baked potato. What isn’t so comforting is the time it usually takes to make. With the microwave, you can make a baked potato in mere minutes, using all your leftover time for some Netflix binging.

 

Recipe can be found here.

 

The only things you need for this are the potatoes, a paper towel and your microwave! It couldn’t be simpler, and you still get the same amazing taste.

 

 

  1. Couscous Greek Salad

With all the freshness you could want, this is the perfect summer (or any time of the year) salad that is packed with veggies and good-for-you ingredients. Making the couscous is usually the cumbersome part, but thankfully, your microwave can handle it for you.

 

Check out the recipe here.

 

A healthy and delicious salad that couldn’t be any easier to make!

 

These 10 microwave recipes are sure to impress, whether it’s just you for dinner or your family and friends. Being tired from work doesn’t have to mean takeout or unhealthy frozen dinners anymore – your microwave can take your cooking to the next level while you get quality time spent with your family. If you don’t have a microwave, consider grabbing one to make life a lot easier!

How to Prepare Your Backyard for Spring

After one of the harshest Canadian winters I have faced in several years, I am so glad that spring is here. Now I am thinking of my backyard, the garden and all the things that are on my list as I prepare my backyard for the hopefully warmer days soon ahead. Have you gotten into spring thinking yet? Have you thought about how you will prepare your backyard for the spring/summer season? One of the easiest ways to prepare your backyard for warmer weather is to make a list and check it twice. Yes, I make lists for everything.

backyard furniture

How to Prepare Your Backyard for Spring

  1. Clean the backyard: First on my list is to clean the yard. You know, get rid of the leaves and garbage that magically appear after the thaw of a Canadian winter. This is also my time to assess what needs to be fixed, repaired or replaced.
  2. Clean and repair the deck: After a long Canadian winter, it is important to inspect your deck to determine whether or not it needs work.
  3. Tackle any repairs that need to be done: We usually have this done by the Easter weekend. We host a small egg hunt in the backyard so it is important that the yard is safe and ready to use.
  4. Create functional zones in your backyard: We love our garden—there is a play area for the kids, we have a grilling station and two areas for entertaining. With three families in our house, a multi-purpose backyard is a must.
  5. Decorate your backyard: We love adding pops of colour. Our flower beds add colour, and each season we head out and buy a few new pieces. New dishes for the eating area, a new table cloth, placements and pillows are all considered.
  6. Check the toys and play structures: We want to ensure the kids are safe so we always check these out and ensure they are cleaned and replaced when necessary.
  7. Check your cooking area: Does it need anything? Is everything clean? It might be a great time to start looking at the newest grills, or perhaps you want a smoker or a new backyard fire pit.
  8. Make sure the backyard is well lit: We loved adding some cute lanterns we found last year on sale.
  9. Check out flyers, articles and Pinterest boards for inspiration: Also be sure to take a walk through some stores with great outdoor spaces for design inspiration. Do you want a luxe look? You can have that. Do you want a casual space? You can have that too. Check out this article on how to make a statement with your patio.
  10. Make your backyard shopping list: Have you always wanted a great seating area? A new table and chairs? Multiple seating areas? There are so many ways to create a fun and functional space. With all this inspiration, I am sure you will find something new that you will want to try.

This weekend you will want to check out the Leon’s flyer for some great inspiration and sales.  There is nothing better than preparing that perfect spring backyard on a budget.

 

 

 

 

Join us this Fraud Prevention Month for the #BeFraudSmart Twitter Party

Disclosure: This is a partnered post with Tangerine Bank. However, all opinions and views on this post are 100% my own.

March is Fraud Prevention Month.

The fraud problems in Canada are an issue. Even my mother has fallen victim to scammers. It seems the find new ways to gain access to our funds on an ongoing basis.  Throughout the month of March, the Competition Bureau and its partners will give Canadians the tools they need to recognize, reject and report fraud. We can it Fraud Prevention Month.

Scammers do target anyone, from youngsters to retirees. I have read stories from college students to those like my mother who thought she was dealing with the CRA. Their scams can be complex or simple, both do damage. So it is important to know the signs and what to do if you spot it.

Did you know they can also target businesses? In 2018 alone, Canadians lost approximately $ 97 million to fraud, which only accounts for the estimated 5% of cases that were reported to the authorities. With videos, interactive online tools and in-person events, the Bureau will show Canadians that while no one is immune to fraud, anyone can join the fight against scammers! Are you ready to join the fight?

How to best Equip Yourself this Month

“By reporting scams, you can assist the Bureau and its partners in the fight against fraud. Be the first line of defence for yourself, your loved ones and all Canadians. Recognize, reject and report fraud!” Josephine Palumbo, Deputy Commissioner of Competition, Deceptive Marketing Practices

Join in the conversation and learn more.

Date: Tuesday, March 12, 2019
Time: 8:00pm – 9:00pm ET
Host: @TangerineBank
Guest: @KelleyKeehn
Moderators: @ShesConnected
Hashtag: #BeFraudSmart
Prizing: $500 in prizing
No RSVP Required
Anyone can participate in the Twitter Chat, however, only those who live in Canada, excluding the province of Quebec can win prizes.

Tidy Your Finances to Avoid Identity Theft Infographic

Tidy Your Finances to Avoid Identity Theft Infographic

How to keep your new years resolutions

New Year’s Resolutions – How to Keep Them

Yet another year is coming to an end, signifying a fresh start to a hopefully wonderful new year. The coming new year inspires many to start setting new year’s resolutions. The truth is though, while many set resolutions each year, not many stick to them. In fact, many new years resolutions end up broken within hours, days or weeks. The average resolution lasts less than the 21 days it takes to form a habit.

If you are one of those people that can’t seem to stick to their resolutions each year, it’s not as hard as you may think. There are many ways you can set yourself on the path of new years resolution success.

How to keep your new years resolutions
new years resolutions

Take Small Steps

You will be more likely to achieve your new years’ resolutions if you start small. Making big changes all at once will only lead to failure. The truth of the matter is, setting small resolutions with outlined steps are far more likely to be achieved.

One Thing at a Time

Just as it takes time to develop unhealthy habits, it will take time to break them. Don’t overwhelm yourself thinking that you must change all your bad habits at once. Instead, work toward changing one thing at a time.

Talk it Out

Consider joining a support group that will help you to achieve your goals. From workout classes to group therapy, having likeminded individuals to share your successes and setbacks with, will make achieving your new years’ resolutions less intimidating and more achievable.

Don’t be Hard on Yourself

Minor mishaps and mistakes when reaching your goals are incredibly normal. Don’t give up on your new year’s resolutions because of one bad choice or set back. Everyone has their ups and downs and achieving perfection is unattainable. Instead of reacting and giving up because of your mistakes, get back on track and recover.

Help Yourself Stay Focused

Helping yourself to stay focused on your new years’ resolutions is important to achieving them. Have something that reminds you of your goals daily right in front of you. Whether that means hanging a photo on your bathroom mirror or putting a sticker on your debit or credit card, if you remind yourself to stay on track daily, you are more likely to achieve your resolutions this year.

When setting your new years resolutions this year, make sure to start small. Focus on taking small steps and achieving one goal at a time. Having support is also a fantastic way to empower yourself to work towards your resolutions so talking about them to someone can provide you guidance and help to achieve them. Just remember, don’t be so hard on yourself when you make a mistake, no one is perfect. Just stay focused and in no time, you will have achieved all your new years’ resolutions.

How to Avoid Last Second Christmas Shopping

How to Avoid Last Second Christmas Shopping

Christmas shopping can be complicated enough without having to squeeze it all in last second. You know, do you really want to be in the stores in December 23rd and 24th? Between busy stores, empty shelves and long lineups, last second Christmas shopping is not something people look forward to, yet many find themselves in a similar situation over the holidays.

The truth is, leaving your Christmas shopping to the last second only causes you undue stress. Rather than waiting it out, there are some steps you can take to avoid last second Christmas shopping.

Christmas Tree and Christmas gift boxes in the interior with a fireplace

Make Lists

Planning things through creating lists greatly reduces the amount of unnecessary stress you may feel when it comes to Christmas shopping. Having lists ready will make sure that you don’t forget to add anyone you plan on purchasing a gift for, leaving you to run out on Christmas eve when you realize your mistake. Carefully construct a list of those you will be buying for this year and brainstorm ideas for their gifts. This will keep you on task as you check things on the list off, completing tasks as they come.

Shop in Advance

It is almost never too early to start shopping for the holidays. The earlier you start the better. In fact, stating your Christmas shopping early is a great way to save money this holiday season as well. Take advantage of all the boxing day discounts and sales, giving you’re the chance to purchase gifts at a discount and have them ready for the holidays, reducing the need to run out last second.

Shop Online

Shopping online can help you to avoid the long lines at the stores, allowing you to shop from the comfort of your home. Online shopping is a great way to get your Christmas shopping done early, knowing exactly when your gits will arrive at your home. In fact, some online stores offer gift wrapping for a small fee, allowing you to ship your purchased gift directly to the recipient. Being ahead of the game in this manner will allow you to check things off your list rather quickly, without having to go last second Christmas shopping.

Pre-Order Christmas Treats

Don’t leave your Christmas baking and cooking to the last second. After all, you know what you are going to require well in advance. Why not place your orders for Christmas treats, your turkey and more as soon as possible? This will make sure that you have everything you need without having to run out the door to grab last second Christmas cookies.

It is important to avoid last second Christmas shopping as not only can it be stressful and time-consuming, but it can also end up costing you more money. Plan things carefully, making lists for everything you must do, shop in advance, take advantage of online retailers and pre-order your Christmas goodies as soon as you can. Preparing for the holidays is a great way to avoid those long Christmas eve lines in the stores.

Are You Headed Towards Bankruptcy or Is There a Better Way? #FLM2018

With interest rates rising in Canada, with apartment rental rates skyrocketing in Toronto, many of us are taking on more and more debt. Less saving is getting done.  More and more Canadians are spending on things that don’t really matter. Are you headed towards bankruptcy or is there a better way?

Sometimes you need to look at the numbers

In this world of hustle and bustle, where many of us have a full-time gig and at least one side hustle to pay the bills many Canadians have no balance in their lives.  We are eating out more. Grabbing more coffees in cafes. Did you know the average Canadian family spends $300 on eating out or on take out? How much are you spending and could it make a difference in reaching your long-term goals? Are you able to reach for your dreams?

A number of years ago, I had racked up a huge sum of consumer debt. I declared bankruptcy. I am asking a hard question. Are the spending choices you make today leading you are towards bankruptcy?  Are you one step away?

Take a hard look at where you are spending. Have you ever tracked your daily spends for a month? It can be an eye-opening experience. Simply write down every penny you spend for a month. It may lead you to make some changes.

Invest in Your Financial Well Being

Sow seeds that will make you money smart.

Many years ago I started Common Cents Mom as a place where my readers could come and get smarter about money. I even started the very first personal finance chat in Canada. Now there are many resources. One of my favourite resources, one that helps everyday Canadians is actually put out by the federal government.

If you want to get a handle on your spending habits, learn more about money, use a budget calculator perhaps for the very first time, learn about the differences between a TFSA and a RRSP, and learn about your rights and obligations when it comes to financial institutions, this site gives you the resources that you need.

This week the theme is all about good habits, one of the best habits you can have when it comes to financial literacy is to have a budget and stick with it. It is a foundation ground that you can build on. Financial literacy is important not only for your well being for that of your family and the economy. The more we know the more we can invest in our futures.

Eight years ago, I started talking about financial literacy. I talked about my bankruptcy and through the #Cdnmoney chat encouraged Canadians to get money smart. That is still my goal. I was proud to participate in the first Finacial Literacy Month in 2012 and every year especially in November, I share ways for you to get money smart.

We all need to understand this financial ecosystem and how even our little spending choices can make a difference.

Let me know if you are participating and watching for the #FLM2018 hashtag and what you are learning.

 

 

Get You Car Winter Ready and Win FREE Gas for a Year with Desjardins Insurance #GetaQuoteandWin

*This is a sponsored post, meaning I have partnered with Desjardins Insurance to share their giveaway. The content and opinions shared here though are mine

 

You can feel it in the air! Winter is around the corner and with it comes so much prep work especially if you are a Canadian driver.  I remember prepping my first car for its first winter and mine as a newly minted driver. I would be taking the car from our rural home on Nutby mountain to the town of Truro not so many miles away, but with winter, you had to be ready for anything. Ever since then I have known the importance of preparing your car for winter road trips. For me, it all starts with ensuring my car is ready and having great insurance.

So how does one ensure their vehicle is ready for a Canadian winter?

  • Winter tires. For me, I remember driving on black ice. It is no fun and can lead to an accident if you don’t know what you are doing. Snow tires give you that bit of grip you need. November is the perfect time to get this changeover done.
  • Get a tune-up. As a driver, I always got my car tuned up and topped up at the beginning of winter. Oil change is done, windshield fluid and all the basics were in place.
  • Have an emergency kit packed in your car. What should it include for a Canadian winter?  Check out this list:   
  • As well we travel with a cell phone in the car and even a charging cord that plugs into the charger just in case.
  • Ensure you have the proper insurance. You want to have a quality plan in place.

Insurance should not be the last stop, as you prepare for winter though. It should be your first. Why? As one who has been in an accident, they happen when you least expect.

For me, it was when I was driving my young daughter home from school. Thankfully, there were no injuries but there was damage. Since we had a great plan in place it brought peace of mind to a difficult situation. I was definitely happy to know that everything would be taken care of and it was.

I  have always known the importance of great insurance. It matters in every area of your life.  Time and time again experience has taught me that.

From auto insurance to home insurance, business insurance to life products, Desjardins Insurance has you covered.  Remember that auto accident I mentioned? I was a State Farm customer at the time. Recently State Farm Canada became Desjardins Insurance.  They took great care of me.

Win Free Gas for a Year with Desjardins Insurance

 

Now, for a limited time, you could enter to win FREE GAS for a year when you complete an online quote. It’s quick and easy – and you can see just how much you can save with a Desjardins Agent.

To Enter you must:

  1. Visit WinFreeGasWithDesjardinsAgents.com
  2. Click “Get a Quote” and complete the form.

This contest closes December 17th, 2018 at 11:59am EST. This contest is open to Alberta, Ontario and New Brunswick residents only. No purchase necessary. See full Contest Rules.

 

 

 

 

 

 

 

 

 

10 Tips to Save Money This Holiday Season

The holiday season is the time for giving, love and friendship. Not only that, but it is also the largest shopping time of the year. From Black Friday through to Christmas Eve, there are sales, extended store hours and internet stores opened to meet the high demands of their consumers.

Let’s face it. The Holiday season can get expensive. Rather than putting yourself in debt or flattening your wallet this year, it is a good idea to take measure to save money this holiday season.

How to Save Money this Holiday Season

1. Have a Budget in Place

Before you set off on your holiday shopping spree, it is a good idea to ensure that you have a budget in place. This can help you to avoid overspending.

2. Make Lists

Once you have determined your budget and what you can spend, create a list of those you will be giving gifts to this year, organizing them by the amount of money you will be spending on each person. Having a list, will make sure that you don’t go over budget, keep you accountable and help you to make sure you have everything organized prior to the season of gift giving.

3. Compare Prices

Always make a point to compare prices prior to setting off on your holiday shopping adventure. Make sure that where you intend to purchase a specific gift from, is the cheapest location. There are many apps designed to help you compare prices, print coupons and even reap the benefits of any memberships you have, so remember to always shop around.

4. Don’t Buy on Impulse

Never purchase a big-ticket item impulsively because you may think it’s a great deal. With your emotions high and the spirit of the season consuming you, it is easy to make quick decisions that leave you feeling as though you are drowning in debt. Sleep on it, comparison shop and make sure you can afford it prior to just jumping in head first.

5. Store Receipts

Always store your receipts until after the holiday season. This will help to ensure that you get your money back if there is anything wrong with the item purchased and sometimes if you purchase something at full price and see that it goes on sale at a much bigger discount, you can return the item and get it for the cheaper price.

6. Buy Early

The lowest prices are often found far before the seasonal sales take place. Making sure to go shopping early in the year for presents for the holidays is a great way to take advantage of sales, plan and avoid overspending. In fact, some of the best deals take place after the seasonal sales have ended, so the earlier in the year you start your holiday shopping, the better.

7. Opt for Secret Santa

Rather than individually purchasing gits for every one of your friends and family members, opt for secret Santa gift giving. This makes sure that everyone receives a gift, without everyone having to go overboard with their spending.

8. Visit the Dollar store

Your local discount or dollar store is a fantastic place to visit when doing your holiday shopping. This is because items like wrapping paper, tape, bows and gift tags are generally inexpensive, allowing you to nicely wrap your gifts without breaking the bank.

9. Keep it Simple

Holiday shopping doesn’t have to be complicated. Keep the gifts your purchase simple and straightforward. If you have a lot of people on your list, simple gift cards can go a long way and are an inexpensive way to ensure that its recipient can purchase something they are actually going to use.

10. Know When to Stop

When you have completed your list, it’s time to stop shopping. Avoid mall trips just to browse as this can lead to purchases you didn’t intend to make. Once your list is completed, so is your holiday shopping.

There are many ways to save money this holiday season. It is important to pay attention to details, don’t overspend and know when to stop. The holidays are supposed to be fun and exciting and it’s the thought that counts not the amount.

It’s Financial Literacy Month and Its Time to Talk Finances with Tangerine. #FLM2018

November is Financial Literacy Month (FLM). Perhaps you have seen tweets with the #FLM2018 or #FLM in my social feed. The topic of financial literacy has always been important to me. It is the reason I started Common Cents Mom.

In Canada, the  Financial Literacy Leader is the Financial Consumer Agency of Canada (FCAC). They coordinate the organizations from the private, public and non-profit sectors to strengthen the financial literacy of Canadians.  Their mandate is to make Canadians financially literate aka money smart.

Program Theme

This year’s theme is “Invest in your financial well-being”. The goal is to encourage Canadians to take control of their finances and reduce financial stress by making a budget, having a savings and debt reduction plan, and understanding their financial rights and responsibilities.  For years I talk about these topics during the #cdnmoney chats.  I am thrilled that there has been a whole month dedicated to helping Canadians take control.

Now this month, I have partnered with Tangerine Bank, who are bringing those important money conversations to Twitter with not one but 2 Twitter parties this month. Circle your calendar for both!

To participate in this one use the hashtag #RetirementPlanning!

 

Retirement Planning Twitter Party

  • You need to start preparing today so that you will have enough money to spend during retirement. To participate in this one use the hashtag #RetirementPlanning!

 

Date: November 15, 2018 at 8:00pm ET
Host: @TangerineBank
Guest: Caroline Cakebread @CCakebread, Pension Expert
NO RSVP | $500 in Prizing | Anyone can participate but only Canadians excluding those in the province of Quebec can win prizes

Caroline Cakebread is a pension expert who has researched and written about retirement security and financial literacy for nearly two decades. She’s been a personal finance columnist for Chatelaine and the Toronto Star and is the author of Back From the Brink. She is a contributor on the Tangerine blog https://bit.ly/2qAGIoG.

If you are wondering how much you should save by age 40, you should read this blog post https://bit.ly/2PJqeJa by Caroline Cakebread.

You might think that the Canada Pension Plan (CPP) is an actual “pension plan” – after all, that’s what it’s called. But if you’re relying on government benefits like the CPP to fund your retirement, then you probably need to rethink that plan. Caroline Cakebread explains in this blog post. https://bit.ly/2RHRLYG

 

Control of Your Finances Twitter Party

  • Start investing now so that your money works harder for you. Use the hashtag #ControlYourFinances for this party.

 

Control Your Finances Twitter Party
Date: November 26, 2018 at 8:00pm ET
Host: @TangerineBank
Guest: @RobinTaub, Financial Literacy Advocate
NO RSVP | $500 in Prizing | Anyone can participate but only Canadians excluding those in the province of Quebec can win prizes

Robin Taub is a chartered professional accountant (CPA, CA) and currently works as a financial literacy consultant, speaker and blogger. She is also the best-selling author of A Parent’s Guide to Raising Money-Smart Kids. She is a contributor on the Tangerine blog. https://bit.ly/2QyGLMU

Interest rates are rising. If you have credit card debt, a line of credit or a mortgage, higher interest rates mean you’ll be paying more to service your debt. It may also take longer for you to pay off your loans. Robin Taub shares why it is time to take control of your finances. https://bit.ly/2PJ03Ch

Financial literacy is being talked about and shared all month long so watch the hashtag and jump into the conversation.

*this post is paid for and sponsored by Tangerine Bank. I have partnered with them many times over the last number of years and am happy to share these important parties with you, my readers.