Personal Finance
Personal Finance 0

3 steps to a better financial future

Posted on 19 January 2021

(NC) If you have any concerns about your current financial situation, here are three steps you can take to help improve your outlook. Get a full financial picture. Identify all your assets and liabilities – the difference between these two is your net worth. Then, understand the ins and outs of your cashflow: the money coming ...

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Online banking: How to protect yourself from fraud

Posted on 19 January 2021

(NC) Since the start of the COVID-19 crisis, a growing number of consumers are regularly using mobile and online banking to paybill payments, transfer money and make purchases. Although these tools can give you easy access to your personal finances on demand, there are also some risks involved. For instance, your banking information—such as your debit or credit card number, user name, ...

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Payday loans: Not the best way to borrow money

Posted on 19 January 2021

(NC) Payday loans are a very expensive way to borrow money. Even if you’re struggling financially, think twice—and crunch the numbers—before getting this type of loan. Depending on the rules in your province, payday lenders can charge fees of $15 to $25 per $100 that you borrow. As an example, let’s say you borrow $300 for home repairs. The payday lender charges you $51 in fees, or ...

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Tips to help you get back on top of your finances

Posted on 19 January 2021

(NC) As the Canadian economy recovers from the disruptions caused by COVID-19, it has become clear that a growing number of Canadians are under increased financial stress. If you are among those facing financial pressures, the following tips and tools can help you gain the upper hand and take charge of your personal finances. Set up a budget Setting up a budget is key i ...

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Is home ownership still possible in today’s market?

Posted on 19 January 2021

(NC) The Canadian real estate market is smashing records as the COVID-19 pandemic continues to influence demand and push prices to all-time highs, especially in larger cities.  Sky-high housing prices mean many first-time buyers and young families are finding it nearly impossible to enter the market. Meanwhile, seniors looking to downsize and keep some money for retirement are also ...

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Small urban centres solution to red-hot housing market woes

Posted on 19 January 2021

(NC) While many hoped the pandemic would cool Canada’s heated real estate market, plenty of would-be homeowners still find themselves shut out of the market, especially in larger cities. But one attractive solution many haven’t considered is a land lease home in a smaller urban centre. This model of home ownership lets you own your house without having to buy the land it sits on, an ...

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Beware of these top cyber threats

Posted on 19 January 2021

(NC) Cybercriminals are always on the lookout for people from whom they can steal information, money or identities. Here are the top cyber threats you need to be aware of to keep yourself safe. Scam messages
These are fake messages that try to trick you into giving up your time, money or information. Also known as phishing messages, they are typically sent as fake em ...

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How multi-factor authentication can keep you cyber safe

Posted on 19 January 2021

(NC) Email, social media, banking. We have so many accounts these days that keeping all of them safe can be a challenge. However, multi-factor authentication can help you make your accounts more secure.  Multi-factor authentication is a step beyond using a password or passphrase to protect your devices and accounts from cybercriminals. Imagine living in a house with a locked gate s ...

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How to avoid phishing scams

Posted on 19 January 2021

(NC) Phishing is a common tactic that cybercriminals use to steal personal and financial information from you. Messages usually take the form of an email or text from someone pretending to be someone they are not, such as your bank. Be wary of any of the following phishing scare tactics: Messages that ask you to share your personal information. Threatening messages, i ...

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Why software updates are essential for staying cyber secure

Posted on 19 January 2021

(NC) Our devices contain a lot of information about our online activities, personal data and even our banking and financial information – which is why it’s so important to keep them safe from cyber threats. Cyber threats are constantly changing. That’s why operating system providers regularly offer updates: to protect you from ever-changing threats from cybercriminals. If you don ...