Tag: finance
Make the Most of Your Child’s Registered Education Savings Plan
The cost of college is increasing every year, and the personal debt crisis is at a fever pitch. Because of this, young professionals are taking decades of their working career to pay off their education debt. A registered education savings plan is a great way to invest in the educational future of your children without […]
Tips to Plan for Your Children’s Future
Tips to Plan for Your Children’s Future Most parents worry about planning for their child’s future, and for good reason. It’s natural to be concerned about long-term goals, but achieving them can be a different matter. Do you know how much you should be saving and how? Not to mention the escalating costs of education. […]
5 Ways to Save Money Every Month
5 Ways to Save Money Every Month If you’re looking to save money every month, you need to have a plan. If you’re just starting to save, or looking to save more each month, it’s important to know what your goals are and how you plan to reach them. Let’s take a look at some […]
Importance of Insurance For Middle-Class Families
Importance of Insurance For Middle-Class Families For most middle-class families, it’s always important to keep track of expenses. Yet, when it comes to wanting the best for your family, some costs are inevitable regardless of your financial planning. Insurance is often viewed as a sunk-cost and, thus, is not relevant when cutting back on spending. […]
How to Save for your Child’s Education? Here are the 5 Smart Ways
Most parents in Canada know about Registered Education Savings Plans. However, it doesn’t essentially mean that they have them. On the other hand, only a few are aware of the RESP alternatives of saving for their little one’s tuition. With post-secondary education costs rising and the job market looking depressing, the young adults are more […]
Preparing Your Family For the Next Recession
Preparing Your Family For the Next Recession Canadians are comparatively fortunate to live in today’s market. According to Global News Canada, borrowers have been able to weather three Bank of Canada interest hikes and consumer delinquency rates – – the percent of non-mortgage loan payments more than 90 days late – – are at a two-year […]
How to Teach Young Children to Save Money
How to Teach Young Children to Save Money Saving money is one of the most important life lessons you can teach children. It’s the foundation for building a secure financial future and it’s never too early to teach young children this important lesson. It’s something they will carry with them throughout life. Start talking to […]
Maximizing Your RESP Investments
Maximizing Your RESP Investments Parents regularly worry about their children’s future. Those concerns naturally include their children’s education and, more specifically, how to best save for their post-secondary education. The consistently rising cost of education across universities in Canada sometimes makes saving for education seems like an uphill battle. However, there are tools that can […]
Why Working From Home Is The Ultimate Dream
Why Working from Home Is The Ultimate Dream Working from home and actually doing it are two very different things. In fact, things such as fear and uncertainty often hold even the most ambitious of people back from launching an at-home business. But what if I told you that all that fear […]
5 Places to Look For Savings You May Have Overlooked
5 Places to Look For Savings You May Have Overlooked Money doesn’t grow on trees, so we’ve got to save on routine expenditures wherever we can. This is especially true with a family, when a paycheck or salary is spread thin, or when income is unpredictable. Fortunately there are many savings opportunities […]
4 Tips to Create Your Family Budget
4 Tips to Create Your Family Budget Are your finances getting a little out of hand? Are you having a hard time keeping up with when the bills are due? It’s time to sit down and create a family budget. Before you get started, gather all of your bills together. You’ll need to […]
How to Read and Understand a Coupon Matchup
How to Read and Understand a Coupon Matchup If you’re new to using coupons, you may be confused about some of the terms and things that you see on your favorite coupon blogs. Coupon matchups are one of those things that may confuse you. They can be really confusing to a new couponer if […]
5 Valentine’s Day Gifts on a Budget
5 Valentine’s Day Gifts on a Budget Are you searching for the perfect gift for your sweetheart this Valentine’s Day? Are you having trouble finding something nice that fits into your budget? Instead of searching for a specific item to buy, spend a little time coming up with something creative that shows them just […]
Retirement Planning? Who Has Time for That?
If you’ve ever talked to a good retirement financial planner, you’ll know this already. A good one will have helped you take the steps. But many families fumble along. And what a shock that can turn out to be. So you may be reading this for any of several reasons – you are already retired […]
How to Make a Little More Money for Your Family
Families are finding it harder and harder to survive on a single income. Even with both parents working, many families are having a tough time making ends meet. This is why it is always a welcome respite to make a little extra money for the whole family. As a mom, there are different ways that […]
Saving Money on Your Summer Energy Bills
Saving money and energy use in the summer is not only great for the environment, but is also great for your family budget. With the school year almost over its time to start thinking about you and kids spending more time at home. It takes only a few simple steps to cut your energy bill […]
Saving for Your Child’s ‘Someday’ is Easy with #RESPwithRBC and Contest!
Saving for your child’s ‘Someday’ is an important step for parents to make to help save money for their child’s post-secondary education. Figuring out how to save for these goals can be daunting, and a Registered Education Savings Plan (RESP) is one way to do it. Participants of the #RESPwithRBC Twitter Party received a lot […]
Pay for Your Kid’s Education WITHOUT Breaking the Bank
Pay for Your Kid’s Education WITHOUT Breaking the Bank When I was in grade six, I vividly remember asking my father if he had money for me to go to university, and his answer was a BIG FAT ‘no’. Callously, at the same time, my parents reminded me on a frequent basis that if I […]
Income Splitting with a Spousal RRSP
A spousal RRSP can be an effective income-splitting tool. It allows the spouse who is in the higher tax bracket to claim the deduction, while providing retirement income to the other spouse, which could reduce taxes when the money is withdrawn during retirement. To be deductible, the total of all amounts that you contribute to […]
The Beauty of Paying Yourself
A new year is just around the corner. A time for resolutions and fresh starts. A time to reboot ourselves, break away from old habits and focus on a healthier future. With that in mind, and the spending frenzy leading up to Christmas now behind us, think of how many things people purchase throughout the […]
Donating a Life Insurance Policy to your Ottawa Church or Charity so Everybody Wins
During the holiday season most of us get into the spirit of giving, gifts to family and friends and donations to charities, churches and other community organizations. What if there was a way to maximize your donations to really make a difference and help those that need it and still claim your tax deduction […]
Choosing the Right Registered Education Savings Plans for Your Child
Choosing the Right Registered Education Savings Plans for Your Child When my daughter was 4 months old, we started looking at our options to choose the right type of Registered Education Savings Plans for her. Anyone can pretty much open an RESP for a child. It can be the parents, grandparents, other family members, and friends of the child. […]
Top 10 Reasons to Get Critical Illness Insurance
Do you know anyone who has ever had cancer? How about someone who has had a heart attack or a stroke? Alzheimer’s perhaps? Unfortunately, most of us could probably name several people in our family or circle of friends who have been afflicted with one of these illnesses. Many are surviving. Sadly, many are not. […]
Make Saving and Budgeting Fun for Kids
Make Saving and Budgeting Fun for Kids With regards to teaching your kids about money, the sooner you start, the better. Too often, parents postpone financial education until their children are over the age of 18. By this time, some young adults have already developed terrible money and credit habits. Rather than delay money talk […]
