The antiquated real estate industry looks to be moving into the 21st century. Despite technological advances, the real estate industry has seen little change over the last few years – until now. With the simple click of a mouse and your credit card, you’ll soon be able to buy new construction homes from the comfort of your couch.
Credit cards are a useful financial tool when used responsibly. It’s when you use your credit card irresponsibly by constantly carrying a balance that you can run into trouble. Millennials, who are already dealing with skyrocketing housing prices and stagnant wages, are avoiding credit cards in record numbers. This is leading to the lowest average credit score of any generation, finds a recent study by Experian.
A recent news article provides a grim reminder that credit cardholders must try their best to protect their PIN – or else they could be held liable for fraudulent charges. A Scotiabank cardholder recently found this out the hard way. She was originally on the hook for $4,000 in fraudulent charges. Apparently, it wasn’t until the media got a hold of the story that Scotiabank backed away, offering her a $4,000 settlement.
Bank of Canada Building by dneuman
Those with debt tied to the prime rate have reason to celebrate. The Bank of Canada has decided to once again to slash interest rates. After leaving interest rates frozen for nearly five years, the longest stretch in Canadian history, our central bank has already cut interest rates twice in 2015.
Popular travel rewards program Aeroplan has received its fair share of criticism over the years for its costly redemption system. Last year the Toronto Star wrote an article on an Aeroplan member who was faced with $2,200 in fees and taxes for a so-called free flight. In another article, many readers expressed anger in the way Aeroplan rewards are calculated and the amount of fees and taxes paid for flight redemptions. To say Aeroplan has received bad PR would be a huge understatement.
Not only is June 21st Father’s Day, it also marks the official start to summer. Summer is the perfect time to get outside and enjoy the nice weather. Just because you’re on a limited budget, doesn’t mean you can’t have fun. There are plenty of fun and frugal ways to enjoy the warmest season. Don’t forget to bring along your trusty credit card to earn rewards whenever possible.
