Newsletter

Better Finances for a Better You

← 073 Neontra Newsletter Issue #072 071 →

← Curating the web to find the most interesting and helpful information about your money.

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.

Where Are Salaries the Highest? 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 →

← 073 Neontra Newsletter Issue #072 071 →