A post secondary education is no longer a luxury. The best way to prepare for this probably inevitable part of your children’s young adult lives is to save. The very best way to save is through a registered education savings plan (RESP).
What if you lose your job and struggle to find another? What if you become ill and can’t work? Your good financial house can come crumbling down very quickly. When there’s suddenly no (or very little) money coming in, you can quickly obliterate your savings accounts and RRSPs. In this scenario you need to decide what kinds of insurance you need.
Generally, one member of the couple is responsible for the household finances. If you are not this person, now is the time to familiarize yourself. Do a little research. Heck, do a lot.
When you have kids, there’s so much more to do. Of course, you have to take care of them, and that sure takes up a lot of time. But also, you need to get certain financial arrangements in order to ensure they’ll be taken care of properly for a long time.
Your taxes are in… or at least they should be. Did you find yourself scrambling to file on time this year, and every year for that matter? Here are seven ideas to help change your current process.
Earlier this week, the Ontario Government announced that financial literacy would be incorporated into the 2011-12 curriculum, for grades four through twelve. Partnering with both the Ontario Securities Commission and the Investor Education Fund, the province wants to develop materials that will teach students the basics about money and will later help them make informed financial decisions. But why now?
The Globe and Mail reported that Vancity’s online banking arm, Citizens Bank, will stop offering residential mortgages and focus solely on credit cards and foreign exchange services for non-retail members. This has resulted in Vancity selling the majority of its retail loans, including mortgages, personal loans and secured lines of credit, to TD Canada Trust. …