Edmonton Real Estate Blog

(NC) With the Bank of Canada recently raising its key interest rate once again, many of are concerned about the impact on our household debt and mortgages. Fortunately, there are many tips and tricks for saving and budgeting you can use for other areas in your life.

Try the three-category budget. It can be overwhelming trying to track all your expenses, but it is advisable to have a baseline to check your progress. Money experts recommend picking just three categories you want to focus and get a handle on, since most of us overspend in just one or two categories. The three-category system is an easy way to get started on trimming expenses.

Pay down high-interest debt. One in three of us sometimes buy things we can’t afford. If you’ve put a few too many purchases on your credit cards, a big portion of your monthly payment are going just towards paying down debt. To get out ahead, consider moving the debt to a low-interest option, like a line of credit. When paying off...

Read full post
Categories:   account | air conditioning | andrew | Andrew, Andrew Real Estate | appliances | assessment | backsplash | balconies | bank | banking | Barrhead, Barrhead Real Estate | bathroom | bedroom | bills | borrowing | budget | build | building | bungalow | buying | cabinet | cabinets | Canada | Canadian | canadians | candles | cold | colour | community | consumers | countertop | credit | curb appeal | debt | design | edmonton | Edmonton, Edmonton Real Estate | expense | expenses | expert | financial | financing | fire | fireplace | floor | flooring | furnishings | furniture | garden | heloc | home | homeowner | homeowners | homes | house | household | ideas | indoors | interest | interior | kitchen | lamps | lawn | lender | lighting | listing | living room | lrt | mail | makeover | mortgage | movie | new | news | nights | offer | Onoway, Onoway Real Estate | paint | patio | pillow | plumbing | price | professional | project | property | purchase | quality | red cross | renovation | renovations | resale | river valley | roof | room | safety | sale | search | season | shades | shopping | sink | space | spending | Spruce Grove, Spruce Grove Real Estate | statements | Stony Plain, Stony Plain Real Estate | theatre | theft | tile | tips | tub | value | warm | warmth | weather | weeds | window | winter | winters | work | Zone 09, Edmonton Real Estate | Zone 12, Edmonton Real Estate | Zone 14, Edmonton Real Estate | Zone 16, Edmonton Real Estate | Zone 20, Edmonton Real Estate | Zone 28, Edmonton Real Estate | Zone 29, Edmonton Real Estate | Zone 55, Edmonton Real Estate | Zone 58, Edmonton Real Estate
Copyright 2020 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.