May 8: Best from the blogosphere

By Sheryl Smolkin

In late April the Globe and Mail’s Globe Talks series widely advertised a panel discussion called “Invest Like A Legend” hosted by Report on Business editor Duncan Hood and featuring speakers David Rosenberg, William J. Bernstein and Prett Bannerjee.

When Kerry K. Taylor aka Squawkfox read about the session, she immediately blogged her displeasure in A woman’s place is on a panel.She wrote, “Despite The Globe’s inability to ‘find’ a lady investing expert, both my Twitter feed and my inbox exploded with prospective panelists. So I made a binder — a binder full of financial women.”

Therefore, in solidarity with some of the terrific financial women I have met over the last several years as a personal finance writer, this week’s Best from the Blogosphere highlights some of their work.

In her blog Want to cash-out on your real estate? Read this, Lesley-Anne Scorgie says, “When times are good in real estate there are plenty of reasons to cash-out. But, the cash-out only works to your financial benefit if you’re actually putting real money towards your net worth…that does not mean selling an expensive property and using the equity to buy a less expensive property.”

Toronto Star consumer columnist Ellen Roseman documents changes to Tangerine Bank’s no-fee money-back MasterCard that she says “wowed so many Canadians eager for innovation.” She notes that barely one year after the launch, Tangerine MasterCard is raising fees and cutting benefits – a move many customers call bait and switch. For example, the two percent rebate on two categories of purchases remains. But the rebate on all other purchases dropped to 0.5%, starting April 29.

Cait Flanders, who has previously written about her one year shopping ban and extensive decluttering says it’s now time for her to embrace slow technology. While she acknowledges freely that social media has played an important role in forging her personal and business relationships, she has committed to:

  • A 30-day social media detox (April 29th – May 28th).
  • Figure out the role she wants social media to play in her life.
  • Check/reply to email less often (also experiment with not checking on her phone).
  • Figure out the role she wants technology to play in her life (phone, computers, TV, etc.)
  • Read from a book every day

Jordann Brown, who blogs at My Alternate Life, recently shared her experience in How to Sell a Car in Canada as a Beginner. She researched how much her Volkswagen City Golf was worth and concluded she could sell it for much more than the $1,200 the dealership offered her when she bought her 2014 Subaru Crosstrek. She determined the car was worth $4,000, had the car professionally cleaned and did some small repairs. The car was advertised for $4,500 on Kijiji and after several days she happily accepted a $4,000 cash offer.

And finally, Jessica Moorhouse shares valuable information about banks and credit unions with free chequing accounts in Canada. You will not be surprised to discover that the list does not include the big five banks. However, Tangerine is now owned by the Bank of Nova Scotia.


Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

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