What Is Term Life Insurance?

Mohamed Konate


Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook. Read his full author bio

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What Is Term Life Insurance?
Published by Mohamed Konate | Feb 26, 2024
What Is Term Life Insurance?
Reading Time: 5 Min Are you in the market for life insurance? Do you want to secure your loved ones’ future after you’re gone? If so, term life insurance might be the solution you’re looking for. Term insurance offers cheaper rates that span a set number of years, making it an ideal option if you’re on a budget but… Continue reading What Is Term Life Insurance?
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What Are The Two Basic Parts Of A Budget?
Published by Mohamed Konate | Feb 26, 2024
What Are The Two Basic Parts Of A Budget?
Reading Time: 4 Min Budgeting is a financial tool that allows you to allocate your income to specific spending categories and helps you keep track of where your money is going each month. When properly managed, a budget can help you save money, track expenses, and help you align your money with your goals.  The two components of a… Continue reading What Are The Two Basic Parts Of A Budget?
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Can You Use A Canadian Credit Card In The USA?
Published by Mohamed Konate | Feb 26, 2024
Can You Use A Canadian Credit Card In The USA?
Reading Time: 6 Min It is possible to use a Canadian credit card in the US, but there are some key differences and limitations when it comes to using your Canadian credit card outside of Canada. Factors such as currency conversion rates and foreign transaction fees can all limit your credit card usage in the US.  In this article,… Continue reading Can You Use A Canadian Credit Card In The USA?
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How Can A Secured Credit Card Help Improve Credit Scores?
Published by Mohamed Konate | Feb 26, 2024
How Can A Secured Credit Card Help Improve Credit Scores?
Reading Time: 4 Min Secured credit cards are often used to build good credit from scratch. If you have a non-existent credit history or a low credit score, these tools can be life-changing. But how exactly do they work, and how do you get one?  In this article, we explore the ins and outs of secured credit cards and… Continue reading How Can A Secured Credit Card Help Improve Credit Scores?
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What Is The Utilization Rate On A Credit Card?
Published by Mohamed Konate | Feb 26, 2024
What Is The Utilization Rate On A Credit Card?
Reading Time: 5 Min Your credit utilization rate is the percentage of available credit on your credit card that you are currently using. For example, if your credit limit is $10,000 and your current credit card balance is $2,000, then your credit utilization is 20%.  The equation to calculate credit utilization is therefore: (Current credit balance/credit limit) * 100… Continue reading What Is The Utilization Rate On A Credit Card?
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Can I Upgrade From A Secured Credit Card To An Unsecured Credit Card?
Published by Mohamed Konate | Feb 26, 2024
Can I Upgrade From A Secured Credit Card To An Unsecured Credit Card?
Reading Time: 7 Min If you’ve been using a secured credit card to help you build your credit, but feel like it’s time to upgrade to an unsecured credit card – you’re in luck! It’s possible to switch to an unsecured credit card from a secured card if you’ve met certain credit requirements.  If you feel like you’re ready… Continue reading Can I Upgrade From A Secured Credit Card To An Unsecured Credit Card?
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