Aeroplan Student Loans, Dad’s Day, Kill CSBs and #BestMoneyStories

in Best of, Random Thoughts

According to the Toronto Star, you will soon be able to play down your Ontario Student Loans with your (or maybe a relative’s) Aeroplan miles. The exchange rate is currently pegged at about 7/10 of a cent for each mile cashed in (the example given was 35000 points becomes a $250 payment). While I applaud the ability to help pay down the ballooning Student Debts in Canada, couldn’t I have just done this with my Amex Cash back Card, or my PC Financial Mastercard? I am not sure if this is a good rate of transfer or not, but if a student has a “Sugar Relative” heavily laden with Aeroplan points, maybe they could get some help?

Dad Day

Father’s Day

Early Happy Father’s Day (Fathers’ Day) to all the Dads out there. It used to be that Father’s Day was the day when the most collect long distance calls were made, not sure what the 21st century version of that factoid might be. My Dad passed on a few years ago, but the things he taught me keep him with me always. The scary part of Father’s Day is realizing I am a Father as well.

To my Muslim readers, Ramadan is here. For folks in Canada this is going to hurt, because now we have the longest days of the year, so you are going to have to work hard on your fasting during the day. Eid is coming, but not for a while.

KPMG says we should stop the Canada Savings Bonds program? Remember that most of the Bonds these days are held by folks over the age 60 (OK, that is a guess on my part) but those are also the folks that remember when bonds had interest rates of 19% (yes that was 35 years ago, but you never know).

My Writings for Week Ending June 19th

No more Hockey or Basketball, guess it is Rugby, Formula 1, Soccer, and catching up on series I missed in the Winter season :

  • To start the week off, I published some notes I made up for an interview with the Toronto Star (that has disappeared into the ether from what I can tell), with Really Useful RESP Tips, I am available for interviews, Frat Parties, Bar Mitzvahs, and Weddings(check the About menu for details).
  • Evidently Thursday was “Let’s Splurge Day”, so my post Today Do Something for Yourself ( Financially ) was very topical (whodathunkit). No it’s not what you think.
  • On one of my other sites, I tried out a new old idea with the Best of Technology and Security this Week, have a look it has some interesting tid bits.

Financial literacy:

Kobo Canada

Money for Nothing, not really…

Mark over at the Blunt Bean Counter comes back to his discussions about Holding Companies, which control Operating companies, and wants us to know about Issues to Remember with Holding Companies. If you didn’t quite get where Mark was going with Holding Companies, maybe you need to work on your Financial Literacy, and Barry from Money We Have, wants you to Improve Your Financial Literacy, as well. Speaking of financial literacy, Gail Vaz-Oxlade must be hitting the highlights when she only talks about 5 Reasons Budgeting Fails (there are plenty more than 5).

Tangerine Money Back Credit Card
Mark from 2nd Career Search continues to educate us about living in the U.S. if you are getting close to retirement, and he hits another interesting topic, that Canadians might not understand, US Seniors and the Medicare Maze. We may have slow medical care, but it might get better? Speaking of the US, the Canadian Dollar continues to weaken against the almighty American Dollar, and Mark from My Own Advisor queries What Can Investors Do About a Weakening Loonie? Don’t buy American? Should you invest your Emergency Fund? Our big Fat Wallet has some ideas about Putting Your Emergency Cash to Work .

Fitbit had their IPO and they seem to be a new stock market darling, we shall see whether they have the staying power to last, or whether they are the next Pet.com. They haven’t come out with the Financial Fit Bit (yet). If you are trying to stay away from individual stocks, the Canadian Couch Potato updates up on Vanguard’s VXC ETF which has had a Facelift, a good ETF for those looking to invest outside of Canada.

Free Shipping on Orders Over $25!
People’s expenses and spending decline in retirement, is a common mistake folks make in planning their retirement, and Michael James kind of snaps on the topic with Crappy Retirement. The best time to start control your expenses and spending is long before you retire, so that you don’t continue your lifestyle creeping when you have a fixed (if not diminishing) income.


What is Your Net Worth ?

Preet is back and helping us figure out if we are worthless? Oh, sorry, your net worth:

A U.S. Perspective on Our Senate Woes

From an Englishman, but I think Mr. Oliver hits the nail on the head:

2015 Random Thoughts

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My Twitter feed is where I re-tweet many great articles by some of my featured writers (and make the occasional odd or off colour commentary on life (in 140 characters or less)). I am also on reddit, Tumblr, Pinterest , Flipboard, Instagram and other Social Media sites (look for the BigCajunMan userid) as well. If you have social media accounts, don’t forget to vote for my posts (see the nifty dashboard on the bottom of each article, where you can cast your votes).As they say in Quebec, vote early and vote often!

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  • My Own Advisor June 21, 2015, 8:34 AM

    Thanks for the mention BCM – enjoy the weekend!

  • RICARDO June 19, 2015, 5:01 PM

    Hi BCM
    On the question of the CSB’s, why does the government not offer the same rate on CSB’s as what is paid to borrow from the banks (or whoever)?
    After all, is it not us, we the people, who are paying the interest on the loans.
    So just pay the people the same going rate in effect at the issue date and I bet there would be a lot of CSB hoarders.


  • Michael James June 19, 2015, 12:24 PM

    For paying down a student loan with miles, has Aeroplan announced the blackout periods? 🙂 Thanks for the mention.


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