…fees do you pay with a savings account? Summary What is a savings account? Savings accounts are bank accounts that are there for just that — saving money. Your chequing…
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How to manage a windfall
…you invest or save, while the money stays in the account. Saving and investing can help you reach different goals. Having money in a savings account can help you be…
Saving versus investing
…and cons of saving? Saving is about putting money aside for your future. That means the money is kept in a different place than the money you use for day-to-day…
How setting goals can help you save
Saving is about setting aside money for the future. But it’s just as important to know what you’re saving the money for. That’s why it’s a good idea to have…
5 conversation starters to build better money habits
…it’s good to learn from those around you. You might also find that talking about saving money can lead to other money conversations. For example, discussing the financial goals you’re…
How RESPs work
…education savings plan (RESP) is a savings plan. It’s designed to help you save for post-secondary educational programs. Like tax-free savings accounts (TFSAs), RESPs can be used to hold savings…
Financial steps for getting ready for retirement
…There are three commonly used savings plans for retirement funds: 1. Registered Retirement Savings Plan (RRSP) This registered account is typically used for investing but it can also hold savings deposits. An RRSP lets you…
How to get started with investing
…in these accounts. Registered savings plans include: Tax-Free Savings Account (TFSA) – Saving and investing, for any type of goal. Registered Retirement Savings Plan (RRSP) – Saving for your retirement….
Saving or investing for short-term goals
…or invest It’s true that a basic savings account can be used for many kinds of savings goals or even just to put money aside for a rainy day. However,…
How to manage money as a couple
…a shared emergency savings account Long-term goals: Growing your family Saving for a down payment on a home Putting away money for higher education for your children (Registered Education Savings…