Archive for October 2018
Struggling with Interest Rate Debt? How to Cope with Latest Increase to 1.75%
The Bank of Canada (BOC) has increased interest rates again — this time to 1.75%, as of October 24, 2018. If you’re struggling with debt, this increase could have a big impact. The last interest rate increase was in July of 2018, when rates went up to 1.5%. Although the October announcement is only bringing…
Read MoreGTA and Toronto Mortgage Closing Costs in 1-2-3
When you buy a house or refinance, the mortgage closing costs can add up quickly. Those costs can be even higher if you’re living in an urban area, like Toronto or the GTA. Here are some of the closing fees you might encounter and what they could cost: Land Transfer Taxes – Municipal and Provincial…
Read MoreHow to Buy a Vehicle Based on Payment vs. Value
What criteria do you use when deciding how to buy a vehicle? Most people take two things into consideration — the car payment financing and how much the vehicle is worth. The car payment financing tells you how much you’ll have to spend each month to pay for the car, but the vehicle’s worth can…
Read MoreHappy Thanksgiving Weekend from Prudent Financial
Happy Thanksgiving weekend, Canada, from all of us at Prudent Financial! What are you thankful for this year? We’re grateful for good friends, loving family, our beautiful country, and, of course, turkey! Enjoy the long weekend and holiday.
Read More