In our re-vamped weekly segment, Common Cents Wednesdays, we help explain simple-to -complex financial terms. This week, we’re covering ‘arbitration’, ‘back-end ratio’ & ‘collateral mortgage’. It might sound like a super dry read, but since you’re in the “Cafe” grab a Timmies doughnut to sweeten the knowledge. We won’t tell. Arbitration Arbitration is basically a […]
Month: October 2015
Pre-Approved vs Pre-Selected in Canada: What It Really Means
A message arrives in your inbox or mailbox saying you have been pre-approved for a credit card or loan. It feels reassuring and even validating. Many Canadians interpret this as a guarantee that the funds are already theirs. Others assume it means the lender has fully reviewed their financial situation. In reality, the difference between […]
How To Shop For Travel Insurance
Have an exciting weekend across the border planned? How about a long vacation in Spain? Shopping for travel insurance definitely isn’t as fun as the trip itself (or even any other part of trip preparation), but being prepared is essential. You’re probably super busy packing, preparing for pet sitters and all the wonderful things that go […]
Accounts Payable, Collateral & Balance Sheets
In our re-vamped weekly segment, Common Cents Wednesdays, we help explain simple-to -complex financial terms. This week, we’re covering ‘accounts payable’, ‘collateral’ & ‘balance sheets’. It might sound like a super dry read, but since you’re in the “Cafe” grab a Timmies doughnut to sweeten the knowledge. We won’t tell. Accounts Payable This one can sure be […]
