An emergency fund is an essential part of your personal finances. Its importance is stressed in almost every personal finance book and budgeting blog, and yet 27% of Canadians have one month or less of expenses in their emergency fund. If an emergency fund is, in fact, so important, then why is it so easy to procrastinate on emergency fund saving? Read more
If you’ve been following us on Facebook, you may already know that there are a few other options beyond an RESP for educational savings. For many parents or grandparents, an RESP could be the most bang for your buck due to the government grant associated (the government contributes 20 % up to $2,500) but there are always a few concerns to go with it. Read more
It’s that time of year again for students and parents to plan back-to-college shopping. Read more
Why belong to a credit union?
Ever had one of those dreams where you’re trying to get somewhere but stay stuck in one place? Banking at a traditional financial institution can feel just like that. Big plans and best intentions tend to count for little if you don’t have deep pockets, even if you have a responsible track record. That’s because banks are in the business of making a profit for their shareholders, while credit unions are focused on the financial security of their members. Read more
We’ve all been there. Standing. Waiting. Shifting our weight from our left to our right and then back again. Sighing. Checking our watch. What’s the hold up? Lineups at the grocery store can be the worst can’t they? It’s so annoying to be stuck in a line where someone is arguing the cost of an item and you’re waiting for an employee to go check the price on ice cream at the back of the store because someone wants to save fifty cents. Lady, I’ll give you fifty cents so we can get this line moving and I can go home.