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June 9: Best from the blogosphere

Posted by on Jun 10, 2014 in Money management, Saskatchewan Pension Plan | 0 comments

9 Jun 2014

By Sheryl Smolkin

There is nothing I love better than planning a vacation or two or three. At the moment we have two weeks in our Muskoka fractional ownership cottage coming up; a week at Disneyworld with our granddaughter in September; and I’m working on the arrangements for a family vacation somewhere warm in February.

So with summer vacations coming up for many families, I pulled together a series of posts both old and new, with a vacation theme.

Krystal Yee explains how she is saving money and travel rewards points for a European vacation this fall and prioritizing her travel plans. She is comfortable that nearer term trips to Edmonton and Las Vegas are off the table because her long term goal is worth saving for.

Peggy Goldman, President of Friendly Planet Travel offers 9 Great Tips For Budget-Conscious Travelers. Choosing a hotel with breakfast, avoiding baggage fees at all cost and selecting a credit card without foreign conversion fees are all good suggestions.

Several years ago on Brighter Life, Helen Burnett-Nichols weighed the pros and cons of buying a fraction of a vacation home. She says because most people don’t use their cottages all year it may be difficult to justify full time cottage ownership. Shared ownership means you have the property for 4 or 5 weeks a year and when you arrive it’s like walking into a “no upkeep resort.” However ongoing maintenance costs will increase and the re-sale market for fractional units is often limited.

In a more recent Brighter Life blog, Brenda Spiering gives some interesting suggestions for preventing family cottage feuds. She says the best way to decide how to pass on the family cottage to the next generation is to talk to your family and consult a financial advisor. Depending on your needs, he or she can direct you to other professionals, such as an estate-planning lawyer or tax accountant.

And don’t forget the many vacation destinations close to home. Tourism Saskatchewan’s Travel Tales Blog gives you updates on things to see and do, places to stay and eat, and exciting year-around experiences available in Saskatchewan, all only a few mouse clicks away.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information with us on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

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