There’s no way around it – kids are expensive! Fortunately, there are resources for cash strapped parents. Check out this list of government programs, along with the investments to make now to get your kids started on the right financial foot.
What could be more meaningful than the gift of financial success? Investments as gifts can be a great idea for that hard-to-please family member, or a way to create future financial stability for children.
When it comes to kids, here’s the cold, hard truth: it costs roughly a quarter of a million dollars to raise a child from birth to their 19th birthday. Have you picked your jaw up off the floor yet?
Whether you’re saving for your kids’ education, or building up your retirement fund, a savings strategy is a must. But don’t just sit on your nest egg – explore diversification options like RESP’s, GIC’s and TFSA’s to make the most of your stashed-away funds.
Worried about your child’s education? In the past 20 years, more and more young Canadians are choosing to attend university, but the cost of post-secondary education has risen substantially. If and when your child chooses to go to university, how will you be able to afford it? You can start putting money aside for your child’s post-secondary education with the help of a Registered Education Savings Plan (RESP).
The greatest gift you can give your child isn’t an iPad or a new bike – it’s a savings account. That gift could set them up for life… just don’t expect your child to be too thrilled about the idea! Opening that first account is an important milestone for children and should be treated as such.
Observing Financial Literacy Week is a great idea. But there are 51 other weeks in a year where you should also be concentrating on how to reduce costs, save money, and improve your investments for the future. Here are five areas to focus on.
How do you go to school and not run up a scary debt that will set you back once you’re back in the workforce? Here’s some ideas.
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).
So you finally went and landed that new job or promotion you’ve been after. Give yourself a pat on the back. But have you thought about what you’ll do with the extra money you’ll be earning? It’s human nature to quickly grow accustomed to what we’ve got, so if you don’t make a plan for your sudden windfall, you’ll find yourself frittering it away on inconsequential items. Here are a few better options for making use of your bonus bucks.