With Canadian household debt at a record high the Canadian Government took some steps this week to try and curb the excessive borrowing by introducing new mortgage regulations. While many people would have liked to see an increase to the minimum down payment requirement or a further reduction in the maximum amortization to 25 years, I feel the steps they took were appropriate given the circumstances. Now we will see if there is a mini-boom in the housing market again before these changes take effect.
Here are a few of my favorite articles from around the web this week:
- Sweating the Big Stuff says not to Waste Your Money on an Emergency Fund
- Financial Uproar is tired of his old car, He Wants a New One
- Canadian Couch Potato tries to Debunk Dividend Myths
- Balance Junkie asks Why Commodity Prices are Rising?
- Michael James discusses Personal Financial Fears
- Million Dollar Journey compares Dollar Cost Averaging vs. Dollar Value Averaging
- Wealth Web Gurus writes about The New Debate Between RRSP’s vs. TFSA’s
- Financial Highway has 5 Tips to Build a Strong Financial Foundation
- Big Cajun Man wants to know The Value of a Day Off
- Money Smarts Blog does a detailed review of Mint.Com Canada
We also submitted articles to the following Carnivals last week:
- Canadian Finance Carnival #19 featured Tips To Save Money: Meal Planning
- Carnival of Wealth #21 included Employee Performance Management
- Best of Money Carnival #86 highlighted Gifts That Keep On Taking
- Carnival of Money Stories #89 featured Lump Sum Payment or Prize For Life?
- Totally Money Blog Carnival #2 included 20 Simple Steps To Improve Your Finances
- The Wealth Builder Carnival #24 highlighted Why I Cancelled My Gym Membership
Have a great weekend everyone!