Monday, 29 August 2011

The Forgotten Homeowner

Last week,  in my regular column on RateSupermarket.ca I wrote about "The Forgotten Homeonwer." A group of young Canadians  being priced out of the market because homes continue to sell for more. 

The latest data  from the Canadian Mortgage and Housing Corporation shows, in the GTA,  the average selling price for a home in July was $459,122,  up almost 10 percent compared to last year.  The GTA includes, Peel, Halton, York and Durham regions,  and the city of Toronto.

According to a recent Housing Trends and Affordability report, by RBC, in the City of Toronto  that price is even higher at $586,600 for a two storey 1500 square foot home. But, in Vancouver it's the highest.  The cost of a standard two-storey home is $843,300,  up almost 20% since last year. Making  Vancouver the least affordable city in Canada to buy a home.

Read more in my post called "The Forgotten New Homeowner." at www.RateSupermarket.ca.

Tuesday, 23 August 2011

My appearance on "Saturdays with Ted Woloshyn"

I recently appeared on Ted Woloshyn's show on NEWSTALK 1010. We talked about the current state of the economy, why gold is a safe haven and if I'm concerned about Canada's economic future.


Monday, 22 August 2011

Why Torontonians Don't Understand Economics

Recently, I appeared on The Tarek Fatah Show to answer Tarek's question, Why Torontonians don't understand economics? Tarek admits he too is baffled by the idea of bubbles, debt ceilings and terms like debentures.

I believe, when it comes to business and finance there's a major gap in understanding among young Canadians in particular.  There's an immediate need for more literacy in all things finance and that has to start at home. When you think its time to talk to your kids about sex, that is the same time you should start talking to them about money.

Friday, 19 August 2011

Always Save Money's First Super Star Saver

Melody Campagna is amazing. By using coupons and store incentives she has cut her grocery bill by more than half. Melody says the best way to save money is to sign up to to sites like smartcanucks.ca and search Facebook to take advantage of all the deals in your area.  Watch my interivew with her to see how she does it!
 

Melody's Top Five Scores


1. Multibionata vitamins $10 coupons on the shelves or on the web site. Retail $15.99 at Shoppers Drug mart. Sale price $8.99 and it happened I had a rain check and used it on 20X points days. So $8.99 x.13(tax)= $10.16-$10 coupon=.16 Here is the beauty they pay you optimum on the full product price so it's $9.00 x (20x points)=1800 points plus regular points and credit card points=2025 points which in terms of money on a bonus redemption day is worth $4.25. So I made on the product .16-$4.25=$4.09 in my pocket from each box. You are allowed 4 items so total I made on that one purchase was $4.09 x4=$16.36
 
2. Finish Quantumatics regular cost at Walmart $10.47 on a roll back to $3 and coupons were available on line or from shoppers voice for $6. Shoppers coupon policy allows overages so it rang up like this $3 x.13(tax)=$3.39 - $6(coupon)= $2.61 on each one.
 
3. Neutrogena ran a program last year as well for buy one of their anti-aging clinical systems up to a $70 value and they would give you your money back. Called a MIR or mail in rebate. I bought mine on a 20x points day at shoppes. So earned $ 70 x 20x points plus regular and credit card points =14175 points which is worth $29.76 and received all my money back plus taxes so it was $29.76 in pocket once again.
 
4. Physicians Formula also has mail in rebates and I always wait for a 20x points day at Shoppers so that I get all my money back fro the company as well as points earned on my Optimum card.
 
5. Prestige makeup and Rexall had an air miles promotion last year that for every $15 you spent you got 75 air miles and at that time each air mile was worth .14 cents as I cashed them in and bought $25 Rexall gift cards. Air miles was also running at the same time a promotion that if you spent $50 you received 100 air miles. So this is how this shop went. I spent $15 x 4 or $60(plus tax) =$67.80 in product and earned 400 air miles and to me that was worth 400x.14= $56 . Now then they also had a coupon for $2 when you spent $20or more in store(from there survey) . So bottom line was  $67.80-$56.00-$2.00=$9.80
 

Tuesday, 9 August 2011

Back to School Money Saving Tips

Can you believe it’s almost time for students to get back to class? Whether your child is starting kindergarten or heading off to university, one thing all parents have in common this time of year,  is back to school shopping. With young people’s demands to have the trendiest jeans and carry the coolest new gadgets this can be an expensive event for any mom and dad.

Back to school is the second busiest season for retailers after Christmas. Shop owners go to great lengths to get young people to spend money in their stores.  You’ve probably already started seeing fancy window displays and flashy incentives promising this year’s must have items.

Here's some tips to make sure your kids get what they want without breaking the bank.

Do a clothing inventory

Before you head out shopping take some time to go through your child’s wardrobe and supplies. See what fits, what can still be worn and what needs to be replaced.  Make a list and stick to it. Don't buy another backpack if last year’s one is still in good shape. Be creative, maybe a trendy new shirt will bring last years jeans up to date and look good throughout the school year.

Shop at outlet malls

These quintessential suburban retailers offer trendy merchandise for much less than the name brand stores. See what items you can find on your list there, especially supplies where name brands don’t matter to your child, like socks and scarves and plain t-shirts. They’re much less at these suburbia malls

Save all your receipts

If any item you purchased goes on sale later you can most likely get your bill adjusted. To be safe ask the cashier what the policy is on price adjustments. The big stores often allow up to 30 days for a customer to take advantage of the sale price even if the item has been worn or used. But it’s the consumer’s responsibility to hang to the receipt and keep their eyes on the sales.

Have a clothing swap party

Get together with the other parents in you neighborhood to swap clothes, shoes and school items. With growing kids clothing is often barely used and just sitting in your kids closet. Make it fun with food and drink, and invite the kids to come so they can choose what they like.

Buy the important stuff first

Whatever you budget is, you need to be realistic about the absolute necessities.  School supplies, books and uniforms take priority. With the money left over your kids can buy something fun and trendy, but that can’t be the focus. 

Put off of shopping until mid-September
As soon as kids are back in school, stores start to focus on the Christmas season. This means they need to clear out school items in stock. September in many places is still as warm as August and the need for sweaters and jacket does not come until October. If you can, put off these purchases and save a bundle.

Use student discounts
Many stores offer students a further discount on items. This may mean purchasing a loyalty card ahead time, but sometimes in can be worth it. These cards can save you a lot of money especially on expensive electronics like computers and smart phones.  

Involve your kids

Every step of the way make sure you child knows what you are buying and how much it costs. It gives kids perspective on how expensive back to school shopping can be. It also helps them learn important life skills around budgeting and shopping that they can use later in life.

Wednesday, 3 August 2011

How to eat Gourmet Food for Less

When I hear the world Gourmet, the first thing that comes to mind is EXPENSIVE! Well not true, according to self proclaimed Foodie, Paul Singer. He believes everyone can have gourmet food and a nutritious meal without spending a fortune. You can follow Paul on Twitter @eatinwell and online eatinwell.posterous.com. 

Watch my interview with Paul full of great tips to save money on gourmet food. And be sure to check out the gourmet recipe below that you can try tonight that will cost you less than $10. 


There are 4 main components to this meal. Feel free to add chicken breast or Great Lakes fish, if desired.
1. Puréed SPINACH
  • Fill a 2 quart pot FULL of organic baby spinach, steam for about 2 minutes in 1/4 cup of water, only until it wilts
  • Purée spinach & 1/2 clove of garlic in a blender, adding the water from the pot so it becomes like a paste
  • In a sauté pan, melt a bit of butter with flour to make a light gold roux, add the blended spinach, and mix evenly on medium heat very briefly
- This will be the central part of the meal. Pour the puree onto the plate as the central element of the meal.
2. STEAMED POTATOES (SKIN ON)
  • Steam or boil until they feel tender all the way through with a fork
    • Garnish: finely chop a few sprigs of Italian parsley, and sprinkle on top
3. WHITE ASPARAGUS
  • Steam or boil until tender
    • crush & disolve 1/4 bouillon cube in the water to turbo-charge the flavour
4. STEWED PEARS (for Dessert)
  • Peel and core several pears
  • Boil in a bit of water, add a cinamon stick or two, adding honey and/or maple syrup to sweeten slightly
  • Cool in fridge and serve as a cold compote
Seasonings: light sea salt and pepper only
Cost for Four: $9 Total or $2.25 per person
(when ingredients purchased from farmers' market or ethnic discount grocer)