I read an article in the Globe and Mail yesterday about borrowing to pay for a wedding. Apparently there’s a new credit product from RBC called My Project MasterCard that’s being promoted as “the perfect solution for your home renovation and landscaping projects and for big events, such as a wedding or anniversary celebration.”
The average wedding in Canada now comes in over $27,000, including honeymoon. If the parents aren’t footing the entire bill, it’s likely that young couples will be borrowing money to pay for their big day. Considering all the financial challenges young people face these days, do you think it’s a good idea go into debt for a wedding?
Speaking of financial challenges; over on Moneyville this week I looked at the new TD online forum that helps home buyers get answers. I also explained the consequences of not filing your taxes on time.
Here are a few interesting personal finance articles from around the blogosphere this week:
- Financial Highway shares a practical guide for how to save money on gas
- Best Rates In says to keep your taxes organized year round
- Young and Thrifty explains how to tactfully ask for money instead of wedding gifts
- My Own Advisor lists the top 5 things you need to know about dividend stocks
- Canadian Finance Blog asks are you planning your retirement lifestyle?
- My University Money explains how to use your liberal arts degree to get a government job
- Free From Broke lists 7 money mistakes that can keep you from achieving your goals
- Planting Money Seeds looks at some alternative investments
- Retire Happy Blog shares 3 examples where pension splitting makes sense
- Million Dollar Journey explains how to cut the cable and watch TV for less
We were also included in the following blog carnivals this week:
- Self Directed Investing for Retirement
- Carnival of Wealth
- Totally Money Blog
- Carnival of Personal Finance
- Carnival of Financial Camaraderie
Have a great weekend everyone!