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w at er lo oc hr on ic le .c a W at er lo o C hr on ic le | T hu rs da y, S ep te m be r 1, 20 22 | 20 Deliver smarter. Get a quote today: metrolandparcelservices.ca SCAN FOR MORE INFORMATION Join some of Canada's largest companies who rely on us for their ecommerce delivery. And now, Metroland Parcel Services makes it easier and faster to onboard for ShipStation clients. Contact us today for your user name and password and start shipping* with MPS tomorrow. *Volume limits apply. PROUD PARTNER OF APPLICATION FOR NOISE BY-LAW EXEMPTION BMH GREEN Notice is hereby given that an application is being made to the Director of Municipal Enforcement Services for the City of Waterloo for an exemption to the City of Waterloo Noise By-law #2010-073 which prohibits amplified sound between the hours of 5:00 p.m. to 7:00 a.m. The applicant, Arist Xu, is requesting an exemption as follows: • To permit sound through speakers and people speaking from 6:00 p.m. until 1:00 a.m. on October 27, 2022, to take place at BMH Green at 200 University Avenue West. Anyone wishing to comment on this matter should contact Municipal Enforcement Services no later than 4:30 p.m. on Monday, October 10, 2022 in writing via mail to 100 Regina Street South, Waterloo, Ontario N2J 4A8, by phone at 519-747-8785, or via e-mail at municipalenforcement@waterloo.ca Questions regarding this event should be directed to our attention. P. 519-886-1550 TTY. 1-866-786-3941 waterloo.ca If high inflation is squeezing your bud- get, you aren't alone. A recent survey by Finder found that 36 per cent of Canadian consumers said their main reason for tak- ing out a loan is to cover bills for rent, mortgage, food and transportation. With inflation at 7.6 per cent, many Ca- nadians are turning to loans to pay for ne- cessities. If you're in this boat, experts say there are several options. Jason Heath, a certified financial plan- ner at Objective Financial Partners, recom- mends Canadians explore zero- to low-in- terest options first. One of those is to seek the help of friends or family temporarily. "That can be an option that sometimes will be interest-free, but the drawback is if you borrow money that you're not able to pay back to a friend or family member, it could put that relationship at risk," warns Heath. Or you could consider an introductory offer for a credit card that offers zero in- terest for a certain period, often 12 months. "The risk, of course, is you're add- ing a new credit card, so you will have to pay it off before the interest rate rises, and sometimes, that's how people end up with lingering credit card balances," says Heath. Another option, if you own a home with any equity in it, is getting a secured line of credit, says Derek Moran, head of Smarter Financial Planning. "It's something you can use over and over as you need for temporary things here and there -- it's kind of like a big emergency fund," he says. Heath and Moran agree that high-inter- est loans, such as payday loans, should be one of the last options to consider. While it's easy to borrow that kind of money, the interest rate is high because it has to be worth the risk for lenders not to look too closely at your overall financial situation. Heath cautions that short-term bor- rowing can come at a steep cost. It can lead into more financial difficulty and that can lead to a bigger problem, such as bank- ruptcy, says Heath. "Things happen, life happens, but it's important to try to avoid those types of debt to the extent you can." MONEY MATTERS I NEED TO TAKE OUT A SHORT-TERM LOAN. WHAT ARE MY OPTIONS? SRIVINDHYA KOLLURU Financial experts agree that high-interest loans, such as payday loans, should be one of the last options to consider when in need of a short-term loan. Metro Creative photo