Editor’s note: In this special edition of Millennial Money, coach Jason Heath writes about what millennials need to prepare for as CERB comes to an end. The federal government recently announced that the Canada Emergency Response Benefit for employed and self-employed Canadians directly affected by COVID-19 has been extended. Eligible CERB recipients are paid $2,000 for a four-week period and the 24-week limit is now 28 weeks — a maximum of seven eligibility periods. If you have home equity, a secured line of credit will have a lower interest rate than a traditional unsecured line of credit or credit card. A secured line of credit or home equity line of credit is backed by your home’s value.

Source: thestar August 31, 2020 13:01 UTC