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5
votes
2answers
223 views

Thinking of doing an MBA: Is an $80K top MBA school better than a $24K online MBA school?

Would I be better off with Rotman, Richard Ivey, Queens, etc. or an online MBA school such as Fredericton?
10
votes
9answers
653 views

How can I avoid going deep into debt during the holiday season?

The holiday season is just around the corner. The shopping malls are especially eager – Christmas trees, lights, and decorations have been up for weeks, all to get us in the mood to spend, ...
10
votes
1answer
2k views

How exactly do dividend reinvestment plans (DRIPs) work?

And where can I find out what companies offer them? Are there good resources for information on these plans?
16
votes
8answers
3k views

When buying expensive electronics is it worth getting the extended warranty?

When shopping for big budget items like TV's and appliances, the resellers (e.g. Best Buy, FutureShop) will often sell an extended warranty that covers the product well beyond the manufacturer's ...
4
votes
2answers
71 views

I've heard that it's never a good idea to go with payment protection plans offered by credit card companies. Is this true?

I'd like to think my bank isn't trying to swindle me when they call and try to sell me one.
99
votes
14answers
10k views

Should I finance a new home theater at 0% even though I have the cash for it?

My wife and I are considering buying a home theater - plasma TV & new stereo - on Black Friday this year. We do have the cash for it, but Best Buy is offering 0% financing for up to 3 years on ...
19
votes
16answers
1k views

What are some tips to help avoid impulse-buying?

My husband and I are both impulse buyers - not a good pair now that our combined income has been reduced! How do you stop yourself from making an impulse purchase? I need some help to improve our ...
14
votes
1answer
250 views

What is the best way to go about cleaning up a poor credit rating?

Is it true that poor decisions you make now can affect you for up to seven years? Can they negatively-affect one beyond then? What are some steps one could take to repair the damage?
7
votes
1answer
730 views

How can we use up our Flex Spending Account (FSA) before the end of the year?

My husband and I signed up for a Flex Spending Account for the first time this past year. We've got about $100 left over now, in mid-November, and I've been told that money will disappear if we don't ...
8
votes
2answers
382 views

How much is college / university projected to cost in the U.S. in 18 years?

[Moderator note: A similar question was recently asked with respect to Canada. This is an important enough question warranting treatment for the U.S. as well.] How much is college / university ...
6
votes
2answers
365 views

When negotiating a compensation package with a prospective new employer, how can I determine what element is worth more?

i.e. is there a way to "normalize" value and future-value of compensation components such as: annual bonus, commission, pension contribution, health benefits, vacation days, company car, etc. so that ...
9
votes
1answer
375 views

If I have a pension with my employer and then leave, is the pension mine to take with me?

Is the answer to this different if I choose to leave, versus if my employment is terminated? Are the funds my employer contributes towards my pension fund treated differently than the ones I ...
4
votes
3answers
2k views

Should I have an RRSP on top of a pension?

I am a teacher and automatically contribute into the Teacher's Pension Plan every paycheque. This pension plan is considered to be one of the best in the country. Do I need to have an RRSP as well? ...
9
votes
4answers
3k views

How much is university projected to cost in Canada in 18 years?

I don't know how much I should put into an RESP for my son. I have $1000 to start and plan to put $100 / month into it. Will this be enough to pay for university when he turns 18?
3
votes
1answer
777 views

Is an RESP the best investment option for my young child?

I recently had a baby and am thinking about opening an RESP to save for his education. Is this the best way to invest my money? Is there a chance of losing money this way?
6
votes
2answers
644 views

What type of investments should be in a TFSA, given its tax-free growth and withdrawal benefits?

What does an optimal TFSA portfolio look like? What type of investments should be in it given its tax-free growth and withdrawal benefits?
4
votes
2answers
1k views

If I buy a property in an underage dependent's name am I exempt from capital gains (losses) on my income tax?

If I purchase a property in an underage dependent's name (son or daughter), and then sell it before they reach the age of majority, do I need to claim the capital gains (losses) on income tax if I ...
7
votes
3answers
2k views

What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)?

What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)?
8
votes
2answers
2k views

Are TD e-Series Funds worthwhile, or am I better off with ETFs? Why or why not?

I'm looking at e-Series funds offered by TD. They have low MERs and seem to offer a good low cost alternative to traditional mutual funds. What do you guys think? Am I better off with ETFs? Why ...
7
votes
1answer
350 views

Getting on the property ladder: mortage, downpayment, fees? [UK]

Once I've got my finances straight I'd like to think about getting my own place, but what sort of money am I looking at to have under my belt before I can begin thinking? Is it right that the UK ...
5
votes
2answers
366 views

How much does it cost to buy mutual funds? Where can I find about about the charges?

Regarding investing in mutual funds: How much does it cost to buy mutual funds? Where can I find about about the charges?
5
votes
1answer
479 views

We get receipts from our child care provider. Can we still claim a tax benefit even though they're not licensed?

We get receipts from our child care provider. Can we still claim a tax benefit even though they're not licensed? [Note: This is my paraphrased version of a similar question I answered at moms4mom.com....
4
votes
3answers
196 views

Are quarterly earnings released first via a press release on the investor website, via conference call, or does it vary by company?

Are quarterly earnings released first via a press release on the investor website, via conference call, or does it vary by company?
18
votes
3answers
5k views

I'm 23, living at home, and still can't afford my own property. What could I do?

Most of my friends have their own places, either rented or mortgage. Should I be concerned that I still live at home? I bring home around £1300 after tax, £400 of that goes on car finance+tax, £200 ...
16
votes
4answers
2k views

If I have some old gold jewellery, is it worth it to sell it for its melt value?

TV, radio, and print ads make it look easy to get cash for gold jewellery. But, really, is it worth it to sell jewellery for its melt value or is there a better alternative? Do places that offer to ...
9
votes
1answer
13k views

How many days do I have to hold a stock before it is considered a capital gain by the CRA?

I want to sell a Canadian stock from my investment account that I bought a month ago. The stock makes about 20% gain and I am afraid it might go down in the future. If I sell it now, will Canada ...
11
votes
7answers
654 views

How many credit cards is it reasonable to have?

Is there a right number of credit cards to hold? (Please don't say zero :) What would be the excessive number of credit cards, or how else would you judge enough is enough? If I have some cards I do ...
8
votes
2answers
320 views

Are there any viable alternatives to Paypal for a small site?

I don't want to have the hassle of dealing with credit card or direct payments directly on my website, the volume and amount of transactions don't justify the effort. I've set up Paypal on the site ...
11
votes
8answers
369 views

If there's no volume discount, does buying in bulk still make sense?

If I'm buying household items that get used up (e.g; furnace filters, soap, etc.) is it still worthwhile sometimes to buy a bunch, even if there is no volume discount, or am I wasting money? p.s. ...
17
votes
2answers
7k views

What is "financial literacy" and how does one become "financially literate"?

How does one become "Financially Literate"? Also, on a side question; what does "Financially Literate" even mean?
9
votes
2answers
369 views

How and where can I deposit money to generate future payments / income?

My Question. What do I deposit now, today, to pay myself $300.00 per week,i.e. $15,600.00 annually at 5% interest for 10 years? What kind of or type of financial institution do I deposit the in? A few ...
16
votes
4answers
10k views

Will our hefty student loans affect our chances of getting a mortgage?

My husband and I live simply but we're content. I'm an avid budgeter and love finding ways to be frugal. My dilemma right now is that we've been able to keep our living expenses below what we make, ...
16
votes
8answers
31k views

PayPal wants me to "add a bank account", another funding source. Credit card isn't working. Why?

This is the second time in the last couple of weeks that I'm seeing the following error from PayPal. (Note: I've deliberately hidden the name of the merchant at the top.) "You cannot use this ...
5
votes
1answer
1k views

What are the tax liabilities for an international transaction?

I have website for which I have set up a sponsorship scheme for (see my profile if you're interested). With this scheme, some individual or company can choose to sponsor X or Y amount and that gives ...
9
votes
3answers
6k views

Can I charge interest on money that I have lent out, even though I am not a financial institution?

On the news a couple of years ago, in BC, they said that if you are NOT an financial institution, it was illegal to charge interest on any money that you have lent out. Now I live in Alberta. And ...
5
votes
2answers
4k views

Quicken 2008 Online Balance vs. Ending Balance?

I'm using Quicken 2008, I'm pondering upgrading to the 2010 edition, but...I'm having some problems; the online balance says I have like 3,000 some dollars and my Ending Balance says that I have like ...
6
votes
2answers
402 views

How can a 529 plan help me save for my child's college education?

How can a 529 plan help me save for my kid's college education? Who offers 529 plans? Are there any special restrictions or conditions on these plans that I should know about?
6
votes
2answers
517 views

What is a FICO score and how is it related to a credit report?

What is a FICO score and how is it related to a credit report?
8
votes
1answer
188 views

How can I save money on home insurance?

What are some of the easy or not-so-easy ways to save money on home insurance?
8
votes
4answers
759 views

How can I save money on car insurance?

What are some of the easy or not-so-easy ways to save money on car insurance?
13
votes
3answers
1k views

Can I withdraw from my Roth IRA retirement account to fund a startup?

I'm 24 years old and have $10k in my retirement accounts (Roth IRA) after about a year with a real job. I'm considering withdrawing the entire balance to support myself for a few months while I ...
5
votes
1answer
3k views

What is a W-8 form, and how should I fill it in?

I've been looking at some online ad revenue providers. The US-based sites seem to want me to complete a W-8 form. What is the W-8 form and how should I go about completing it?
12
votes
3answers
12k views

How much would be a fair raise or salary increase to ask for at work?

I have not got a raise at work for some time - almost two years - and I think I am due. I did not ask during the crisis because other companies were laying off, etc. Mine didn't lay off, we actually ...
23
votes
8answers
2k views

Does dollar cost averaging really work?

Does dollar cost averaging really work? If I have money available now, why shouldn't I invest it all at once? If the market's going up, wouldn't that be better?
14
votes
5answers
2k views

Should I put more money down on one property and pay it off sooner or hold on to the cash?

I've a huge chunk of money saved up for a down payment on a property that I'd eventually like to pay off and use as a rental. The assumption is that the property value will go up substantially over ...
25
votes
4answers
1k views

How does one find a good financial advisor?

I've talked to a few FA's and they all seem more intent on selling me products than giving me advice. Case in point - one of them was pushing me to invest my cash savings in her bank's funds when I ...
4
votes
2answers
4k views

Canada Universal Child Care Benefit (UCCB): $100/month per child under age 6 from the government. Is it true?

Somebody told me that if I have a child under age 6, then I'm entitled to get a $100/month benefit from the Canadian government. Is that true? How do I apply for it?
31
votes
3answers
3k views

What are the pitfalls of loaning money to friends or family? Is there a right way to do it?

What are the pitfalls of loaning money to friends or family? Is there a right way to do it?
9
votes
4answers
788 views

Should I keep most of my banking, credit, and investment accounts at the same bank?

I have two bank accounts (checking and saving), some credit cards (3), a mortgage, an investment account, and an individual retirement account. Right now all of those accounts except two of the credit ...
9
votes
2answers
790 views

Are travel point / reward credit cards worth the hassle and cost?

Are travel point / reward credit cards worth the hassle and cost? Many such cards have fees, and when you try to book there are often restrictions. What has your experience been with these types of ...

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