Prepare your financial house as economy slows Winnipeg MB

It's always a good idea to regularly take stock of your financial state of affairs. But with economic signs flashing yellow these days, getting bette ...

Mgi Financial Inc Head Office
(204) 788-4040
491 Portage Avenue
Winnipeg, MB
 
Canadian Western Bank - Winnipeg
(204) 956-4669
230 Portage Avenue
Winnipeg, MB
 
Wellington West Financial Services Inc
(204) 925-2290
2400 201 Portage Avenue
Winnipeg, MB
 
Scotiabank
(204) 985-3660
623 Corydon Avenue At Daly
Winnipeg, MB
 
BMO Bank of Montreal
Osborne Street
Winnipeg, MB
Type
ABM

Acquire Capital
(204) 989-0532
Seven Donald Street
Winnipeg, MB
 
BMO Bank of Montreal
Osborne Street North
Winnipeg, MB
Type
ABM

BMO Bank of Montreal
(204) 985-2611
335 Main St
Winnipeg, MB
Type
Branch with ABM

BMO Bank of Montreal
St Mary Avenue
Winnipeg, MB
Type
ABM

First Nations Bank Of Canada - Winnipeg Branch
(866) 519-5898
360 Broadway
Winnipeg, MB
 

Prepare your financial house as economy slows

Provided By:

(NC)-It's always a good idea to regularly take stock of your financial state of affairs. But with economic signs flashing yellow these days, getting better acquainted with your personal balance sheet may not be enough to protect you from future financial problems.

There are several steps you can take now to tighten your fiscal belt in the event you are personally affected by an unfortunate event such as a sudden job loss, or a work related disability.

• Start by monitoring your spending habits

- Cut back on unnecessary expenses. Simple things like buying coffee and lunches every day can add up to thousands of dollars every year.

• Be ready for the unexpected by insuring loans, mortgages and credit cards

- Insurance products on personal loans, credit cards and mortgages, such as LoanProtector®, BalanceProtector®, or HomeProtector® from RBC Royal Bank, can help protect you in case you're unable to make the monthly payments.

• Pay off your credit cards with the highest interest rate first

- This can save you hundreds of dollars a year. Or, transfer high interest credit card balances to a card with a lower rate. Speak to your credit card company about getting a lower interest rate card.

• Check into refinancing loans at a new lower rate

- Take advantage of lower rates by renegotiating existing loans. This could save you thousands of dollars.

• Check your credit report regularly

- A simple mistake on your credit report could result in denial of a loan or mortgage - just when you might need it the most.

For more information, visit: http://www.rbcinsurance.com/insurance needs/

Credit: www.newscanada.com