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Cutting cable

Why Golf Channel, TSN and traditional cable are worth my $40 per month

Alright, I get it.  Paying for cable is foolish because Over-The-Air (OTA) TV, subscribing to Netflix or using other online service providers to get content on your TV is fun, cool and less expensive than cable.  I can’t tell you how many blogposts and news articles I’ve read over the last couple of years that provide how-to-instructions and compelling “whys” for cutting the cable cord, largely for financial reasons.  Before I slam those arguments entirely, let’s review the benefits presented in some of those articles, things I agree ...
Lessons Learned

3 personal finance lessons learned from Detroit’s bankruptcy

I’m not sure if you caught this news, but Detroit, Michigan is now officially bankrupt.  After decades of overspending, Detroit has now become the largest U.S. municipality ever to file for bankruptcy.  The city faces $18-billion in debt and that number climbs higher every day.  Sadly, for the residents of The Motor City, Motown, and for sports fans, Hockeytown USA, everything has officially collapsed. How did this happen?  How could what was once the country’s 4th largest city go flat broke? Well, from what I’ve read, extreme city government ...

Three Saving Rules I Live By

The following article is a guest post by Barry Choi, a passionate DIY investor with no formal financial training.  When not finding more ways to save cash and manage his investments, Barry is a Director for CityTV Toronto.  Barry can also be caught daydreaming about his next travel adventure.  You can follow him on Twitter @BarryChoi. After reading last weeks’ interesting post Super Simple Ways to Save More Cash I was excited to find that I already followed 18 out of the 20 tips.  Some may find following all of My Own Advisor’s ...

Best Discount Beers in Canada Eh

Just in time for Canada Day and Independence Day celebrations!   While this is first and foremost a personal finance and investing site, you might already know by now I enjoy beer.  Why not a post about discount beers?  I know, what the hell took me so long?  Without further ado here are the best made beers in Canada that won’t break your wallet. 5.Brava Brava is a lager that is light and crisp.  Think refreshing when paired with munchies while watching sitting on a patio in the summer.  5% alcohol content.  Made by Lakeport Brewing ...
TFSA

How I can save you close to $100,000

For today’s post, I thought it would be interesting to crunch some numbers… Your Mortgage Owing $250,000, at 3% interest over a 5-year term, amortized over 25 years, making bi-weekly payments and you’ll pay over $90,000 in interest costs over the amortization period. The lesson:  even a cheap mortgage rate will cost you BIG bucks over time.   Get a good mortgage rate and make lump sum payments on your mortgage when you can to significantly reduce your borrowing costs. Your Credit Cards Owing $10,000 on a credit card, paying 18% ...

When splurging is SO worth it – 50-inch LED HDTV Giveaway

Over the years I’ve spend on ton of cash on things that didn’t provide value. I can’t offer that list today because that’s an entirely new set of blogposts which I’m sure I’ll cover at some point  As I become more financially aware about what I spend my money on I find I’m wasting less money; which is a great thing.  Value for money is an important principle to me.  In the name of value, some things in life are definitely worth splurging on; I get value for money from different sources.  For today’s post I’ll share some specific ...

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