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Always Save Money
A blog by personal finance journalist Rubina Ahmed-Haq

Disclosure


What I Do
I’m a freelance journalist who focuses on personal finance, money, economics, workplace and business stories. On occasion I work with brands to promote my personal finance tips. I don’t actively promote any product.
Education
I have a Bachelor of Arts degree from York University (1999) and a Post-Graduate Journalism Diploma from Humber College (2001) I’ve also completed the Canadian Securities Course (2010).
Freelance Income
CBC, radio, TV and online
CTV Your Morning
HOMES Publishing Group
Ratesupermarket.ca
Debt.ca
Global Toronto
Global News Radio AM 640
Brand Affiliation
I have worked with these brands as a personal finance expert:
Airmiles, Air Transat, Arm & Hammer, American Express, BMO Bank of Montreal, Canadian Automobile Association, Flipp, H&R Block, President’s Choice Financial, EQ Bank, ScotiaBank, Fellowes Canada.

Popular posts from this blog

MORTGAGE COSTS ARE GOING UP

The mortgage landscape in Canada is changing so fast that many current mortgage borrowers and first time home buyers may not realize how much it will affect their bottom line.  According to a new CIBC Capital markets reports, 47 per cent of all existing mortgages in Canada are up for renewal in the next year.  This number is significantly higher because CIBC says borrowers in recent years have taken on mortgages with two- or three-year terms, because at the time they were cheaper.  These shorter mortgages have created a refinancing glut, as they are up for renewal alongside the typical five-year mortgages. New mortgage applicants will be affected in three major ways
Rising interest rates Both fixed and variable rates are higher. When it comes to fixed rates, all of Canada’s big banks have raised their five-year fixed mortgage rate. The posted rate for TD, CIBC, BMO, Scotia and RBC is now more than 5 per cent. The move is a reaction to rising bond yields. Bond yields are higher because…

TOP TEN REASONS WHY SENIORS ARE IN DEBT

I thought we were supposed to get wiser with age? But it seems Canadian seniors are racking up debt faster than any other age group. Another reasons for young people to save more for retirement and for those reaching retirement to practice some self control over their finances. An Equifax report called, Canadian ConsumerCredit Trends, details spending habits of Canadians during the second quarter of 2013. It found consumer debt in Canada rose by almost $77-billion, but year-over-year, but the group racking up the most debt is 65 and older. This group saw their debt increase by 6.5 per cent. Here’s why Canadian seniors are taking on more loans than anyone else. Most Canadians underestimate the cost of retirement.
Retirement costs about 80 per cent of what your working years did.
You can’t borrow for your retirement.
Canadians are living longer and healthier lives.
Many Canadian don’t have adequate health care to take care of their needs.
We spend most on healthcare in the last 10 years…

MONEY SAVING TIPS TO USE RIGHT NOW

Buy smaller fruits and vegetables. If you are paying for fruits and veggies per pound buy smaller, apples, oranges, zucchinis mushrooms etc. This will avoid wasting fruits and vegetables. How often have you wasted half an apple because it was too big to finish? When you throw out half an apple you are throwing out money!
Dine out on weekdays: This might be the hardest sell, but eating out during the week can cost you less and makes more sense. Most restaurants have great deals during the week to attract customers and you will appreciate not having to cook and do dishes on a work night. But remember it’s cheaper to eat at home, so don’t over do this one.
Clip coupons: I know it’s what your mom used to do, but mother knows best! Using coupons, especially on already sale-priced items, will give you maximum savings on household goods. My best advice is clip coupons for products you already use in your home and then scan the fliers to see when they go on sale and stock up!
Take your lunch…