You get what you save for.

Author Archives: LesleyScorgie

Home-buying pressure won’t always result in diamonds

May 15, 2012 – 4:42 am

These days I find myself glued to my inbox waiting with great anticipation for the dingle of my next property match email. Will it be ‘the one’?
I sold my house and officially have 45 days to be out. Given the short time frame, I feel a lot of pressure to buy. I’ve visited over 25 [...]

Posted in Debt, Homes, Uncategorized, consumer, how to save money, personal finance | Comments (0)

If the fee is too big, don’t break your mortgage

May 8, 2012 – 5:46 am

Since selling my house and discovering my mortgage prepayment penalty would be a whopping $5,000, I’ve been hunting for ways to reduce the break fee.
The best idea is to avoid the fees in the first place by knowing the ins-and-outs of the mortgage before you sign the papers.
When you sign a mortgage, you are committing [...]

Posted in Debt, Homes, budget, consumer, financial goals, frugal living, how to save money, personal finance | Comments (0)

Give me a break on my mortgage break fee!

May 2, 2012 – 7:54 pm

I recently sold my house and have decided to get a new mortgage through a mortgage broker rather than my bank. So, I met with my bank last week to discuss the transaction and learned that the cost to break my existing mortgage is nearly $5,000!
Hogwash! For $5,000 I could take a three week European [...]

Posted in Debt, Homes, consumer, financial goals, personal finance | Comments (0)

Buying a house? Talk to a mortgage broker

May 2, 2012 – 7:47 pm

I sold my property last week and I’m in a mad scramble to find a new home.  With my wish-list in hand and a pre-approved mortgage under my belt, I’m confident I’ll eventually find what I’m looking for. 
Much to the chagrin of my financial planner, a bank employee, I’ve decided to use an independent mortgage [...]

Posted in Debt, Homes, consumer, personal finance | Comments (0)

Finding value in home improvements

May 2, 2012 – 7:38 pm

After one week on the market and minimal negotiation, I sold my house Saturday night for the price and conditions I wanted.
When I purchased my home seven years ago, it was in rough shape; badly stained carpets, dreadful paint colours, rickety appliances and filthy. But the location was great, and the price point suited my [...]

Posted in Debt, Homes, consumer, frugal living, how to save money, personal finance | Comments (0)

Sleepless in suburbia

May 2, 2012 – 7:35 pm

After two years of deliberation, I listed my house for sale this week. Though I love my place, I have been dreaming of inner city living for years – walking to work, biking to the grocery store, spending less time driving and more time enjoying life.
Listing my property was the easy part. But, my nerves [...]

Posted in Debt, Homes, budget, consumer, frugal living, how to save money | Comments (0)

RRSP could be most powerful tool for saving money

February 29, 2012 – 6:19 pm

RRSP season is the only time of year I ever recommend stampeding to the bank as quickly as possible to set up an RRSP account or make a contribution. Each year you have until March 1 to contribute to your RRSP and have it count for the previous tax year.
Wondering what the big deal is [...]

Posted in financial goals, investing, investment strategies, millionaire, personal finance | Comments (0)

An RRSP loan can boost your savings

February 29, 2012 – 6:16 pm

Short on contribution cash? Consider an RRSP loan.
Currently, RRSP loans have attractive interest rates, hovering near prime, and have flexible repayment plans. But, it only makes sense to take out an RRSP loan when the taxable benefit you receive from your RRSP contribution is greater than the amount of interest you’ll pay on the loan. [...]

Posted in financial goals, how to save money, investing, investment strategies, millionaire | Comments (0)

Will you be mine for less than $25?

February 14, 2012 – 5:38 am

The spirit of Valentine’s Day is to show your special someone that you care about and value them. You don’t need lavish gifts and a racked up credit card to acknowledge your partner.
Just like a grade-schooler, sit down for twenty minutes and make a card. Using red and pink paper, cut out hearts and glue [...]

Posted in Uncategorized | Comments (0)

Are your manners making you house poor?

February 7, 2012 – 5:47 am

According to a survey released last week by ComFree, 40 per cent of Canadians are very hesitant to talk about their personal financial situation because it isn’t ‘polite’; especially when it comes to home ownership. The majority stated that they’d prefer to maintain their current outward perception of net worth. Sadly, keeping up with the [...]

Posted in Debt, Real Estate, budget, competition, consumer, financial goals, frugal living, how to save money, personal finance | Comments (0)

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