Best of the Best: Debt and Investing Edition

I do not know about you guys, but it has been a long week for me. I for one am happy it is Friday, and I have the weekend to look forward to a well deserved break.

Below you will find our list of the Best of the Best articles. Once again we have some friends blogs on out list, they are a few of the articles I have read throughout the week that I found to be interesting and deserved to be shared.

Our Best of the Best

1. This week we had our very first Mobile Banking app match between the Bank of Montreal (BMO) and Royal Bank of Canada (RBC).
2. Keeping up with our weekly series, this week there was an account comparison done on the Big 6 Banks Unlimited Transaction accounts
3. Capital One has done it again, they continue to please consumers with their products and have not stopped yet. This week they announced the launch of their new Aspire Cash credit cards.

The Best Around the World

I came across an interesting article on Million Dollar Journey, where it explained what Credit Card Arbitrage works. To be honest, I have never thought of carrying it out, but it is an interesting concept. I don’t ever see myself doing it, and nor do I condone it but I thought it was an interesting concept to share.

The Financial Highway is a great source for anyone, and I came across a great article highlighting the 5 Credit Card mistakes almost everyone makes. I for one can say that I have made a few of them in the past, but once you have made them you can learn from them. For anyone new to credit, this is a must read because it can save you money in the long run by avoiding these mistakes.

Mortgage rates are still considerably low; when we first saw the decrease a lot of people assumed it was only a matter of time before it would go up. This is not the case at all. The Passive Income Earner has published an article explaining how to evaluate the benefits of breaking your mortgage.

Canadian Capitalist has informed readers that BMO InvestorLine will be offering US Dollar Registered Accounts.This will allows clients to segregate their Canadian and US Dollar holdings in registered accounts such as RRSPs and TFSAs.

Boomer and Echo shared a great piece addressing a topic I am sure many Canadians are facing at the moment. The topic in question is whether you should pay off your debt or invest while interest rates are low. If I was in debt, I would take the time to pay off my debt while the interest rates are low, that way I can get out of the hole and work towards my future. That being said, investing is still a great option.