You are hereHome
If you’re a 20-something, having paid even a bit of attention to your money and personal finances over the past decade, you likely gained some valuable insights. You’re now standing on the cusp of making some of the smartest money moves of your life. And those of you who should have paid a bit more attention than you did, count yourselves fortunate that due to the unprecedented economic times of the past 10 years, a lot more attention is being paid to increasing the financial literacy of Canadians. The information is out there, free for the taking, if you’re ready for it.
Taking steps sooner than later to manage your financial affairs will not only set you up for success later in life, it will help protect your hopes, dreams and goals when life throws you a curveball. When you’re in your 20’s you have time on your side. This is such a huge advantage when it comes to personal finances and planning ahead financially....
Replacing your vehicle with a good used car or buying a new car is always a big decision, often the second biggest one, behind a house, that most people make. However, many of us will spend more time planning a family holiday than worrying about the wheels we want to buy. While we might think of our car as an asset, by the end of a car loan a new vehicle is often worth much less than what we paid for it, so it’s absolutely worth getting the best deal you can right up front.
Here are 6 tips to help you car shop like a pro....
There’s no shortage of smart back-to-school shopping tips for 2017 when you look online. From blogs to Facebook posts, back to school shopping articles in the news, Pins and other social shares. But if you’re looking for more ideas to save money, or new ideas to make back to school shopping easier on your finances, here are a few tips that won’t work for everyone, but are still worth considering...
Moving out on your own is a big step in becoming financially independent of your parents and taking full responsibility for your own financial wellbeing. To make this a positive and lasting experience, there are a number of factors to consider before taking this step, the first one being how much rent you can afford. Find out how to figure this out and what else you need to know.
Life and health insurance are important tools to protect your family, yourself, and what you’ve worked hard for and should be included in almost everyone’s financial plan. The interesting thing is that life insurance is no longer what you remember your parents talking about. Things have changed dramatically to help more Canadians get the coverage they need at a price they can afford.
Whether it’s a financial crisis caused by a forest fire, a flood, or a more common crisis like unemployment, unexpected emergencies happen and usually at the worst possible time – or so it seems. The best way to manage through a financial emergency is to follow the motto of the Boy Scouts "Be prepared." This means having a well thought out emergency plan to minimize any potential risks. To help you get through an unexpected crisis, we've outlined a number of action steps to take.
Credit cards can be your friend or foe. It all depends how you use them and your overall financial situation. Life can also throw us curve balls sometimes. To make sure we’re prepared for the unexpected, it’s wise to take steps to maintain a positive credit rating and avoid common credit card mistakes. Here are five ways people can damage their credit rating when using credit cards.
It’s exciting to get a tax refund, but what should you do with it? Save it? Splurge? Pay down debt? Invest it? While any of these could be good ideas, the best way to get the most out of your tax refund is to plan how to use it in a way that helps you work towards your financial goals.
If you reflect back on growing up, you’ll probably notice that a lot of your money values and behaviours were influenced by how your parents managed their finances and expenses. Kids have an enormous capacity to learn and absorb information, and you can teach them good money habits - and build on these each year. While there are a lot of ways to teach kids about money, start by helping your kids embrace the following five money principles.
On the surface, borrowing a few hundred dollars to solve a cash crunch might seem like a good option, however, payday loans are an expensive form of credit. If you live pay cheque to pay cheque and have considered taking out a payday loan, a better strategy is to determine what’s causing your cash crunch and finding ways to better your situation.
From getting into a payday loan cycle or being faced with high interest charges, read on for what to know before you consider taking out a payday loan….