Newsletter
Better Finances for a Better You
← 073 Neontra Newsletter Issue #072 071 →
Estimated reading time: 6 minutes
Did you know?
The Canadian dollar (CAD) is the 10th strongest currency benchmarked to the US Dollar
Top 10 strongest currencies in the world benchmarked to the U.S. dollar in 2024 →Word of the week
Home equity loan / home equity line of credit (HELOC)
Your home equity is the current value of your house minus the outstanding mortgage amount. Your equity grows as you pay down your mortgage or if your home's value increases. The equity in your house can be used as collateral for HELOCs and home equity loans, which can be considered as a second mortgage since they are backed by the equity in your house.
If you are considering a HELOC, understand these pitfalls first →Budgeting
Recent studies are showing us that back-to-school shopping is more expensive than ever, and that parents are prepared to go without certain necessities and take on debt to get their children back-to-school ready. Parents are spending on things like electronics, clothing, shoes, school supplies etc.
Back-to-School Budgeting by Jasmin Brow →Quote of the week
"A big part of financial freedom is having your heart and mind free from worry about the what ifs of life."
- Suze Orman
Infographic of the week
Where Are Salaries the Highest?
Broadly speaking, average salaries are going to be higher in countries with a higher cost of living. For example, Switzerland is one of the most expensive countries to live in, with monthly living costs of $2,497 USD according to World Population Review.
The average annual salaries of OECD countries →Saving
Has your financial situation recently changed? Maybe you’re trying to save for a big project? It’s never a bad time to review your budget and develop good saving and spending habits.
Here are 40 tips for putting more money aside →Investing
A Market Expert’s Top Investing Tips for New Graduates by Gargi Pal Chaudhuri
Here are some of my favorite tips on financial awareness and ways that ETFs could be a preferred investment tool for people just starting their careers.
Investing may seem daunting at first, but starting early can help pave the way for long-term financial success →Serious stuff
All About Financial Wellness: How It Affects Your Health, and Tactics to Achieve It By Christine Byrne, MPH, RD, LDN
Read on for more about what financial wellness is, what contributes to it, and how to boost your own →