…business, or saving for your children’s education. The cash flow calculator can give you a snapshot of where your money is going. And try setting a budget to keep…
Here’s what I found on "Saving Money"
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Creating a plan to reach your goals
…to save about $420 each month. You could save that money in a savings account. Or you could save it in your RRSP, reducing the income tax you owe. Then…
Why should you work with a financial advisor?
…a financial advisor? Money plays an important role in our life, whether you are saving for a down payment on a home, your children’s education, or your retirement. For many…
How Exchange-Traded Funds (ETFs) work
…stock exchange. Their prices will fluctuate throughout the day, like stocks do. You can make money from ETFs by trading them. And some ETFs pay out the money the ETF…
Understanding group RESPs
…of your investment earnings. How your money is invested The plan manager invests your savings and government grants along with money from other plan members. Your money is usually invested…
How to evaluate companies when buying stock
…are investing directly in a company. It’s a good idea to find out whether a company is making money or losing money, and why, before you invest. When consulting sources…
How fraudsters take advantage of behavioural biases to promote their scams
…judgments to simplify decision-making process. Unfortunately, this can lead to unwanted outcomes, like having money taken in an investment scam. By understanding our behaviour and decision-making processes, we can better…
Opening an RESP
…on the plan offered by your provider. Investments that qualify for RESPs include savings accounts, GICs, Canada Savings Bonds, mutual funds, stocks and bonds. You may want to open a…
6 reasons to open an RESP
1. Government grants The federal government adds to your RESP savings each year through the Canada Education Savings Grant. Lower-income families may also qualify for the Canada Learning Bond. 2….
Can gamification help investors?
…can encourage positive investor behaviour. Platforms might show users with low savings rates how their behaviour compares with others in their age group to encourage increased savings. Other social gamification…