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moneysense.ca, 15/01/13

Bieber brand debit

Justin Bieber looks to promote smart spending among teens with new prepaid debit card.

By Stefania Moretti | Online only, 15/01/13

Tags: debit cards, pre-paid credit cards, real estate, RRSPs

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Canadian pop star Justin Bieber is promoting a new prepaid debit card in the U.S. called SpendSmart by card issuer BillMyParents. The card is being touted as a financially responsible way to share the convenience of debit with minors all while keeping a lid on spending. But as with most prepaid cards, the SpendSmart debit cards comes with monthly, loading and inactivity fees not to mention $1.50 per withdrawl charges.
Canada’s housing market continues to cool, new data suggests. CREA reported Tuesday that the number of new listings slipped, prices moderated and the number of homes sold fell 17.4% in December from a year earlier.
The majority of Canadians would alike to invest more but say they just can’t afford it. Scotiabank’s annual survey found that 64% of those polled cited affordability as an obstacle for them to invest in their RRSPs by the March 1 contribution deadline. The number is higher than in previous years.

moneysense.ca, 15/01/13

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