How to use your credit card as a powerful wealth-building tool

Irresponsibly using a credit card can land you in trouble, but columnist Christopher Liew says when used properly, it can be a powerful wealth-building tool that can help grow your credit profile All too often, credit cards are given a bad reputation. You might have heard a friend or family member say that opening a credit card was one of the worst financial decisions they made.

Before signing up for any credit card, I recommend taking the time to understand how your credit score and report are created, as well as how credit cards and credit card interest works. This will prevent credit card interest charges, while still allowing you to take advantage of any cashback rewards offered by your credit card. Each payment will also be reported to the credit bureaus, helping to improve your credit score and build your payment history.The key to using a credit card responsibly and taking full advantage of all of the rewards offered by each card is to create a budget.

For decades, North Bay, Ontario's water supply has harboured chemicals associated with liver and developmental issues, cancer and complications with pregnancy. It's far from the only city with that problem.Evan Bouchard scored 5:38 into overtime and the Edmonton Oilers bounced back for a 4-3 win over the Vancouver Canucks in the second round of the Stanley Cup playoffs on Friday.The entire town of Fort Nelson, B.C.

Justin Trudeau says Meta is making billions off people, but taking no responsibility for the well-being of communities they profit from.'I may have some nightmares:' Man survives being bitten by 2 sharks in Bahamas The actions, including the decision to use non-lethal force, to disperse pro-Palestinian protesters from the University of Calgary campus were justified, Alberta Premier Danielle Smith said Friday.

Out-of-control wildfire prompts evacuation alert for Fort McMurray, Saprae Creek Estates Friday night

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How to avoid the trap of becoming 'house poor'The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
Source: CTVNationalNews - 🏆 82. / 51 Read more »

What does it mean to be 'house poor' and how can you avoid it?The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
Source: CTVNationalNews - 🏆 82. / 51 Read more »