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Helping Canadians with Personal Finance Since 2006

Archive for August 2012

Saving Strategy: Quit Smoking

We all know that smoking is an expensive habit, costly to both your health and your hard-earned savings. At $10+ per package of cigarettes in Canada (or at least British Columbia), smoking can be a very expensive, yet extremely difficult habit to kick.  In British Columbia, 15% of the population smokes despite it being the…

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Learn How to Haggle in 6 Easy Steps

When you’re buying big ticket items in-store or negotiating prices for various services, it never hurts to try and haggle. But there are some general guidelines which you should follow to increase your chances of bagging a super bargain. Here’s a quick breakdown of the tips you should keep in mind for successful haggling: 1.…

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Credit Card Arbitrage I – How Does it Work?

This is an article I first wrote back in 2007, but reposted due to changes in the financial landscape.  You can now use this strategy with the TFSA to avoid paying any tax on the interest earned. Credit card arbitrage seems to be a popular strategy to make a few bucks in the personal finance…

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30 Year Mortgages Are Better Than You Think

This is a post by Sean Cooper. Mortgages have been a hot-button issue as of late. Finance Minister Jim Flaherty recently reduced the maximum mortgage amortization for high ratio mortgages from 30 years to 25 years (it still remains at 30 years for conventional mortgages). He preached the benefits of a shorter amortization: “(The change)…

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Smith Manoeuvre Portfolio – August 2012

For those of you just joining us, below is my portfolio that is leveraged with money borrowed from my home equity line of credit (HELOC). As the money borrowed is used to invest, the interest charged is tax deductible. I write an update every so often to show new positions added along with any market…

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