…putting toward monthly debt repayments isn’t going toward your savings. The sooner you pay off your debts, the sooner you can put your money into savings or an investment that will earn you interest….
Here’s what we found on "Saving Money"
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Take the stress out of budgeting
…is going. It’s easier to plan for the life you want, when you know how much money you have for saving, spending and paying off debt. If you’ve never made…
5 reasons to open an RRSP
…future year when your income may be higher. That way, your tax savings are greater when you’re in a higher tax bracket. 2. Savings grow tax free You won’t pay…
Finance basics for post-secondary students
…money by encouraging you to put money away each month for an emergency or entertainment fund. It can also help you identify expenses that you may not have thought of,…
How stocks and dividends work
…money when you buy and sell stocks, especially if you’re not planning to invest for the long term. How can you make money investing in stocks? The value of a…
The birds and the bills: having the money talk with your kids
…make money a topic for regular conversations. Help them use their money – if they get an allowance or gift money, have them divide it into amounts to spend, save…
Your home as an investment
…more easily manage unpredictable expenses. 2. It may be hard to get your money out if you need it When you purchase real estate, you lock your money into that…
If your child doesn’t continue their education
…child may decide to continue their studies later Transfer the money to another beneficiary Transfer the money to your RRSP Close the RESP 1. Keep the RESP open An individual…
How to make a financial plan
…rank which are the most important. Save money to reach your goals –You may find it easier to save when you know what you’re saving for. Focus on the bigger…
Opening an RESP when you’re not the child’s parent
You don’t have to be a child’s parent to open a Registered Education Savings Plan (RESP). RESPs hold savings for a child’s education after high school. Parents often open RESPs…