I paid $30 to borrow $100 for 15 days, which works out to a 30% borrowing cost over just two weeks. If you stretched that same cost over an entire year, the equivalent annual interest rate would be roughly 730%!!
If you chose the 20-year payment option, you would end up paying almost $30,000 in interest, and over $45,000 (for a $16,000 hot tub) by the time the loan was paid off.
Once you know what you want to sell, you go after locations. A good location comes down to two things: foot traffic and hours of operation.
After testing different categories, these proved to be the best: furniture under $100; popular tech products and accessories; and buying bundles and selling items separately.
In the end, Super C was the cheapest. However, I found was that the bigger stores are very lucky that they have house brands and sales, otherwise a small independent store would have been the clear winner.
I will continue to use the Neo Money Card for its aggressive bonus cashback offers. And I’ll for sure keep Wealthsimple for its free ATM withdrawals.
In total, 12 out of the 20 grocery items were cheaper at No Frills. And while eight items may have been cheaper at Walmart, here’s the catch: the nearest No Frills actually price matched with FreshCo, Longos, Real Canadian Superstore, and Walmart. Walmart, on the other hand, doesn't price match.
When I opened my report, a few lines immediately threw me off. One said, “You have no positives affecting your credit score.” Another said, “You currently have no employment history on your credit file.” That was confusing, especially since I do have a full-time job and pay my bills on time.
