Forward Thinking

Stories, articles and other information about personal finance topics, insights and perspectives from Tangerine, our culture and community work.

Borrowing Articles

Articles, stories and other information about borrowing.

How people in their 20s can build a good credit history

Wednesday, February 1st, 2017  |  Anne Papmehl  |  Borrowing Articles

Your credit history matters at every age and stage in life. If you want to buy or lease a car, rent an apartment or get a mortgage, you need a good credit history. How do you build your credit history when you're just starting out? Get a credit card The simplest way is to get a credit [...]

Single and the City: Buying a first home at 51

Friday, January 20th, 2017  |  Doug Watt  |  Borrowing Articles

Approaching the age of 50, Margaret, a single woman living in Toronto, had nearly given up on her dream of owning property in the city. All around her, home prices were skyrocketing in the uptown neighbourhood where she rented a small apartment. She had substantial savings, but worried if she didn't act soon, she'd be [...]

A couple's dream of homeownership on a freelancer's income

Monday, January 16th, 2017  |  Sultana Patail  |  Borrowing Articles

For many, the importance of homeownership has been passed down from previous generations. We follow suit by working hard at our 9-to-5 jobs and saving for our 20% down payment. But times are changing, and so is the workforce landscape. Some of us no longer work the standard 40 hours per week. In 2015, over 2.75 [...]

Paying off your student loans in a hurry

Friday, January 6th, 2017  |  Sheryl Smolkin  |  Borrowing Articles

Three personal finance bloggers who paid off their student loans in record time after graduation say careful budgeting, working multiple jobs and continuing to live like students were the keys to their success. Cut costs and add a part-time job Krystal Yee (Give Me Back My Five Bucks) lived with her family when she was in college, [...]

Top 10 Tangerine stories of 2016

Wednesday, December 28th, 2016  |  Tangerine  |  Savings Articles  |  Spending Articles  |  Investing Articles  |  Borrowing Articles

In 2016, Forward Thinking covered just about every financial topic under the sun, from bathroom renovations to filing taxes online to family squabbles over money. Our goal was to cover subjects Canadians have questions about it, so thank you for following us this year, and we hope we were able to help answer a few [...]

Renting out part of your home to pay down your mortgage sooner

Monday, November 7th, 2016  |  Sean Cooper  |  Borrowing Articles

How would you like to reach mortgage freedom sooner? The rising cost of real estate means many of us are taking on larger mortgages than ever before to purchase our dream home. This has homeowners looking for creative ways to pay down their mortgage. Many are buying homes with the idea of renting out a part [...]

How to track your net worth

Saturday, November 5th, 2016  |  Sean Cooper  |  Borrowing Articles

We all know the importance of regular checkups with our family doctor, but when it comes to our financial health, we sometimes fail to give it the same attention. While a budget is a helpful way to track your daily spending, tracking your net worth gives you the “big picture” of your finances and is [...]

Rule changes to the housing market and how they affect you

Tuesday, October 18th, 2016  |  Preet Banerjee  |  Borrowing Articles

For most people, buying a home is the single largest financial transaction they'll ever make. And with housing prices in some locales rising faster than a shuttle launch, housing affordability has become a policy concern. Much speculation has been placed on just how much of an impact foreign capital is having in driving up prices. As [...]

How one senior unlocked home equity by downsizing, upsizing and right-sizing

Wednesday, October 12th, 2016  |  Sheryl Smolkin  |  Borrowing Articles

With the average price of a Canadian house rising 13% in the past year, it's not surprising that even older Canadians with substantial retirement savings may be looking for ways to unlock some home equity to help fund their retirement. For a number of seniors, this can be accomplished by selling their home and renting or [...]