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Student Lines of Credit

If you are set up with a bank or credit union under a student plan, then chances are you have received promotional materials for their student line of credit (SLOC). These financial tools (like most others) are useful if used properly and can really get a student...

Hidden Costs of Owning a Dog or Cat

It’s interesting to see how blind we often are to expenses that are tied to emotional attachments. Some people “love” their sports team and wouldn’t think twice about multi-thousand dollar season tickets. Not to do so wouldn’t even occur to them. To call financial...

Why You Should Take Out Student Loans

If you’re parents are like mine (pretty solidly middle-class) they raised you to have an aversion to debt. Don’t go into debt unless you absolutely have to was one of the only pieces of financial advice that was ever given to me. Now you can learn much worse...

Average vs Marginal Tax Rates

When I was in university I couldn’t have cared less about knowing the difference between average tax rates and marginal tax rates. I just knew that I got a nice juicy refund every spring (when it was sorely needed) because as a student I got a lot of cool tax breaks...

Is the Extended Warranty Worth It?

“Ok sir, would you like to protect your brand new computer with our top-of-the-line guaranteed extended warranty plan?” “Um… Ah… what is that exactly, does it cost me much?” “It doesn’t cost much at all sir, here is a pamphlet that illustrates the 4 different levels...