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…
Here’s what I found on "Saving Money"
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How to make a financial plan
…you 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…
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…
Your home as an investment
…can 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…
10 tips to bring a back-to-school mindset to your portfolio
…to participate in a virtual stock market and practice online trading — without risking real money. 8. Get a group project going Getting smarter about money doesn’t just have to…
Mental accounting: How thinking about money affects the way you spend
All money is created equal, but your brain doesn’t believe it. People tend to treat money differently based on how they obtain it or what they intend to spend it…
How stocks and dividends work
…might lose all of your 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…
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…
What are the red flags of crypto fraud?
…have had their money taken by a fraudster it’s gone for good. Their money cannot be retrieved. If someone connects with you later promising to help you get your money…
What are the risks of investing in crypto?
…true, it probably is. Always check before you invest. In most cases, when people have had their money taken by a fraudster it’s gone for good. Their money cannot be…