We all want the best for our kids. One of the most valuable financial lessons you can teach your child is how to develop a great credit score. A high credit score can save someone tens of thousands of dollars over a lifetime – and alleviate many potential nightmares. By helping your child develop a…
It’s common knowledge that your credit score is a determining factor in securing a loan or mortgage, but did you know that a bad credit score can make your job hunt more difficult? When an employer does a background check, they may also request that you give them permission to pull your credit report. Although…
One of the best financial decisions you can make is to purchase a home. Although the recent housing bubble reveals that buying a home can be risky, there are still many benefits to owning your dwelling. Particularly if you plan to live in the same area for an extended period, buying a home can save…
It can be exciting when, signing up for a new credit card, you discover that the bank is offering you a higher borrowing limit than you first anticipated. Recognizing that, with your three credit cards, you could borrow half of your annual salary is exhilarating. However, just because a credit card allows you to borrow…
I have a friend who recently got married. After visiting the traditional suit rental shops in the mall, he was leaving through Macy’s. Provincially, it happened to be one of Macy’s biggest sales days of the year. After finding the perfect suits for himself and his groomsmen, he discovered that he would save an additional…
