Newsletter
Better Finances for a Better You
← All Neontra Newsletter Issue #084 083 →
Estimated reading time: 6 minutes
Did you know?
The average cost of travel insurance is 4% to 6% of your trip costs, according to Forbes Advisor's analysis of travel insurance rates.
Average Cost Of Travel Insurance 2024 →Word of the week
Balance Transfer Fee
There is frequently a 3% to 5% fee associated with debt transfers across credit cards. Additionally, cards may have minimum costs of $5 or $10.
Is a credit card balance transfer fee worth paying? by Andreina Rodriguez →Budgeting
Whether you’ve experienced a job loss or an unexpected expense, or you’re simply finding it hard to keep up with rising costs, the bottom line is you need your money to go further. Here are tips to stretch your cash when times are tough.
Emergency Budgeting Tips for Canadians – Stretching Your Dollar in Tough Times By Diane Amato →Quote of the week
"A bank is a place that will lend you money if you can prove that you don’t need it."
- Bob Hope
Infographic of the week
Ranked: The Top 25 Countries for Retirement
In 1881, Otto von Bismarck proposed a radical idea for retirement: people above the age of 70 would be given a state pension, encouraging them to stop working. This model has since been adopted en masse and most countries now have a retirement age, after which workers can claim benefits paid through years of their work.
Where does Canada rank? →Saving
The 41 Best Money Tips From Highly Successful People by Jamie Ballard
These pointers will inspire you to achieve financial independence and stability. →How much does the average Canadian spend on groceries? by Shannon Torcato
Grocery prices in Canada have been rising steadily from 2017 to 2024, with variations across provinces. Discover how much the average Canadian spends on essential food items like meat, vegetables, and dairy, and explore the impact of inflation on grocery budgets nationwide.
Investing
5 rules for investing in retirement by Merrill Lynch
1. Review your asset allocation with new risks in mind 2. Prioritize your immediate cash needs 3. Don’t abandon stocks 4. Prepare for volatility, especially early in your retirement 5. Stick to your plan — and review it regularly
What's in, What's out of your portfolio after you retire →Serious stuff
Is Sports Betting The New Threat To Your Financial Wellness? by Cyrus Purnell
The mixture of sports betting with the 24/7 access of a mobile phone can be a pernicious mixture →Fun stuff
"Neontracks..."
Listen to our Neontrack playlist when you have music and money on your mind.