Murphy’s Law states that anything that can go wrong, will go wrong – eventually. If you aren’t prepared for the unexpected challenges that life throws your way from time to time, then you may find yourself in a very difficult spot. This is why it is important to have an emergency fund at all times. […]
How to Choose the Best Savings Account
Whether you’re saving for a new car, a down payment on a home, or post-secondary education for your kids, opening a savings account is an important step to achieving your savings goal. Savings accounts are important because standard chequing accounts don’t pay the kind of interest that makes saving worthwhile, while investments in stocks or […]
How to Manage Your Money in Retirement
You’ve finally retired – congratulations! Now is the time to truly enjoy life after dedicating decades of your life to your career. That is, provided you’ve saved up enough money and don’t have any debt. While many of us long for our golden years to be full of travel and relaxation, the reality is that […]
Beyond the CERB: New Covid-19 Government Benefits
When the Canada Emergency Response Benefit (CERB) was rolled out earlier this year to help Canadians who saw their income impacted by the coronavirus, everyone knew it would inevitably come to an end. The CERB officially ended at the end of September as the government transitions people back onto EI. The EI program is set […]
Two Simple Steps to Get Your Finances Back on Track
When it comes to your finances, have you ever sat and thought, “Where have I gone wrong?” It’s never too late to evaluate your financial situation and get yourself back on track. But going through your finances is like making that New Year’s Resolution – you mean well, you’ll plan on doing it, but you […]
How to Pay Off Debt and Save at the Same Time
Over the last few years, more and more families and individuals have been facing serious financial hardships, which have often stood in the way of their efforts to pay off debt and save money at the same time. Fortunately, there are ways you can regain your financial independence and still manage to save up some money for an […]
Why You Need to Review Your Finances Amidst the COVID-19 Pandemic
As Canadians settle into their third week of lockdown, the uncertainty that looms around COVID-19 has everyone worried about their finances. School closures and state of emergency declarations have been extended, which means that people will be out of work longer as businesses continue to be closed. While some Canadians are fortunate to still be […]
Everything You Need to Know About COVID-19 and Your Finances
With every day that goes by, COVID-19 continues to evolve and change our lives and our world. There is no doubt that all Canadians will see their finances impacted by COVID-19. While the government is stepping in to support those in need, we must all do our due diligence and fully understand what these measures […]
Why You Should Think About Retirement Planning Even When You’re in Debt
Many people are faced with the dilemma of knowing they should be planning for retirement, but currently being in debt. Having that nest egg that you need when your working days are done definitely requires early planning, but no one wants to carry debt around any longer than necessary. When unsecured debts are gnawing at […]
Working After Retirement to Achieve Debt Freedom
Ideally, after decades of putting in hours at work every day, you have put aside enough to maintain your lifestyle and enjoy your sunset years. This ideal is not so common today though. An increasing number of retirement-age citizens are finding themselves in a situation where they are working after retirement. Still in debt The […]
