Aug 21: Best from the blogosphere
August 21, 2017
By Sheryl Smolkin
If you want to take a break from swimming and sunning in the waning days of summer, here is our latest selection of personal finance vides for your viewing pleasure.
There was a lot of panic recently after the Bank of Canada finally raised its overnight rate after seven years. In her latest video, Jessica Moorhouse gives a quick recap on what this interest rate hike was all about and what you should do about it (especially if you’re in debt!).
The Globe and Mail’s personal finance columnist Rob Carrick offers several ideas to reduce the impact of the interest rate increase on your finances. If you have a mortgage, he suggests paying down the principal, even with money you were planning to put into an RRSP.
And finally, Kornel Szreibjer, host of Build Wealth Canada interviewed Randy Cass CEO of Nest Wealth, a robo advisor service. Robo-advisors are a class of financial advisers that provide financial advice or portfolio management online with minimal human intervention. For more ways to listen to the podcast click here.
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.
|Written by Sheryl Smolkin|
|Sheryl Smolkin LLB., LLM is a retired pension lawyer and President of Sheryl Smolkin & Associates Ltd. For over a decade, she has enjoyed a successful encore career as a freelance writer specializing in retirement, employee benefits and workplace issues. Sheryl and her husband Joel are empty-nesters, residing in Toronto with their cockapoo Rufus.|