Vehicle insurance is the means whereby the owner of a vehicle pays an insurance premium, so that in the event of an accident the insurance company that received the premium pays for the damages caused by the accident. This damage is not limited to the vehicle itself, in fact the vehicle that caused the accident […]
The average age of someone instigating life insurance with a view to starting a policy is 42. This allows adequate time for the insurance policy to accrue interest and gain value if the event of death (the average age of death in Canada is 81) where the proceeds can eliminate any outstanding debts of the […]
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UK banks face £9 billion in payouts
No comments · Posted by Aaron & Susan in Personal Finance, politics
UK banks are in the hole for £9 billion, payable to consumers that were mis-sold payment protection insurance (PPI). Six million people or more stand to benefit from this compensation. The banks have been in court embroiled in a legal battle over this issue for a while now, but as of May 2011 they decided […]
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How to manage personal finance effectively?
No comments · Posted by Aaron & Susan in Money Saving Tips, Personal Finance
Regardless of the huge amount of money you are earning, without proper personal finance management, you will eventually lose all you have. It is very vital to ascertain the sources of money and the amount of money, which is coming in and how much money is being spent and on what heads. And individuals, who […]
That’s what the Montreal Gazette is saying today. Apparently a new survey done this year shows that 1 in 5 Canadian homebuyers feel ok with their current debt levels – but another increase in interest rates could make things tough for a lot of Canadians. The Canada Mortgage and Housing Corporation ended up surveying over […]