Read previous answers from Gail:

April 2008

• Why are the percentages in your budget worksheet based on gross income as opposed to net? Won't that set people up for failure as we only pocket as much money as we net, not what we gross? Maybe I am confused?
• My gym is sending my account to collections. What are the consequences to this showing up on my credit report?
• My husband travels quite a bit and has to pay for the hotel and then wait to be reimbursed. Currently it takes almost 6 weeks for the employer to reimburse us. We are constantly in our overdraft as we are waiting for the costs to be reimbursed.
• Are the online tax-filing systems (netfile, u file, and quicktax) any good?
• Can you tell me exactly what a Home Equity Line of Credit is and how it works?
• Is it safe to temporarily sacrifice payments to our RRSP in order to help quickly eliminate our high interests debts?
• Did you ever purchase insurance on line? And is it cheaper?
• Where can you put money to save and make money if your RRSP contributions are maxed out?