Bank Accounts and Loans
It seems these days that if you get a debt vehicle with a bank , bank accounts and loans are tied together, and you must bank with the bank, to be redundant
Rates Up Trend, Summer Holidays, High Gas and #Moneytalk
Holy cow, interest rates went up another ¼ point this week, and the media is wetting itself. Indeed it is time to panic? Not yet, but a single jump could have been an isolated event. Two could signify a trend. Was this not expected? This is the only question to ask. The Canadian economy seems to have gone off the rails in terms of growth, and the Bank of Canada feels it needs to put the brakes on things, so this looks like a trend.
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The Canadian Dollar has jumped in reaction to this rate rise. Your Canadian Dollar can buy more, but your Canadian products are now more expensive on the open market too.
My vacation didn’t go that well, but I did have a friendly conversation with Doug Hoyes. Doug will attempt to make it sound coherent, and there will be a podcast about a few things soon. Doug is an engaging chap to chat with, given he is a Bankruptcy trustee. Before you claim bankruptcy, I learned that you need to show your spending habits and all your assets to the trustee. Maybe folks should do that now, so they can figure out where the problems are before you call Doug?
Gasoline is back to over $1.20 a litre in Ottawa, and it is not likely to drop any time soon is the predictions from Gas Buddy and such. I guess I am glad I drive a Corolla. It might be time to look at electric cars, or better still, go back to a single vehicle for the family.
The NFL season has begun, and I wonder how long this sport will continue? I have loved football my entire life, especially the NFL, but given the concussion findings coming out, I wonder how much longer the sport can continue? Some have suggested that better equipment might change things, but I am not optimistic. I guess that football has about 10-15 years until it will fade away. Economically, what will the economic impact of this multi-billion dollar industry disappearing have?
Recent Writings
No, I am not getting into the travel blogging world. Far too competitive. The Big Cajun family went on vacation, so we figured we’d publish some Big Cajun Vacation Tips. The vacation didn’t go as expected with my son getting nasty strep throat, but it was still enjoyable. I also did a bit of work, chatting with Doug Hoyes, there is a Podcast planned out of those sessions.
What is the Importance of Financial Reports? Do you put together IKEA furniture without reading the instructions? Why don’t you read your financial reports? You need to be at least able to understand your Credit Card Bills and Bank statements, or you will be in trouble.
I tip my hat to David Letterman with Stupid Bank Tricks, showing some of the things I have done to make my bank help my financial plan.
Read More »Rates Up Trend, Summer Holidays, High Gas and #Moneytalk
Big Cajun Vacation Tips
Some simple vacation tips to help make your next vacation a little more enjoyable, and hopefully a little less expensive.
What Makes Banks Different ?
How do banks differentiate themselves in Canada? Bank services? Not really, so how do these firms make such enormous profits year over year?
Banking Tricks Every Canadian Should Know in 2025
Learn how smart Canadians are using strategic bank account separation and automation to avoid fees and protect themselves from payroll errors and CRA clawbacks. This article revisits clever real-world examples of “Stupid Bank Tricks” that empower individuals to regain control of their money. Topics include setting up deposit only accounts, using scraping accounts for daily spending, and tips for automating allowances, savings, and income deposits. Even years after publication, these tips remain highly relevant in today’s digital banking age. Whether you’re dealing with payroll mistakes like Phoenix pay system errors or trying to better budget your income, these banking strategies will help you get ahead.
