Another week has blown by which means that it’s time to review some news and articles around the web.
Lets start with the news:
The Canadian government has changed the CMHC rules! 40 year mortgages have been reduced to 35 along with a minimum down payment of 5% instead of 0%. I guess they are trying to prevent real estate speculation and avoid what’s going on in the U.S right now.
I’ve written about the iPhone 3G before and even included their disgustingly expensive monthly plans. Rogers has bowed to consumer pressure and have added value to the data package. For a limited time, consumers can now get 6GB of data/month (alot!) for $30 which can be added onto any existing voice plan. This is MUCH better than the original 400MB offered.
Onto the Blogosphere:
WhereDoesAllMyMoneyGo explains the difference between American Options versus European Options.
My Dollar Plan lists 10 Important Tasks for Your Mid Year Checkup.
Consumerism Commentary tells us the correct way to pay off personal debt with “The Debt Avalanche.” Flexo’s method of paying off debt is also the method that I used to get rid of $40k worth of student loan debt in ~ 2.5 years.
Lazy Man and Money explains Finance 101: Good Debt vs. Bad Debt.
Canadian Capitalist explains the difference between the two Canadian index ETF’s XIU and XIC.
The Digerati Life gives us tips on how to Remodel Your Bathroom! Try 3 New Ideas To Freshen Up Your Bathroom.
The Sun’s Financial Diary asks Dow and S&P in Bear Market?.
Money Smart Life goes back to the basics in explaining how the stock market works.
Generation X Finance writes about Investors Selling Stocks in Favor of Fixed Accounts
Brip Blap encourages us to learn to think bigger.
Canadian Dream has some green ideas for his house in the article “The Eco House Project.”If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).