Here is how to close a bank account the right way, and what happens when you don’t.
Starting the new year in debt? Just want to save more? Check out these tips on making your New Year’s resolutions and money goals a reality in 2020.
How to make the most of a modest financial windfall.
How will consumers fair in a post rate cut reality? From your savings to your mortgage, here’s what you need to know.
Good news for investors: maximum contributions for tax free savings accounts will increase by $500 in 2013. TFSAs are a fantastic savings tool – but they’re surrounded by confusion. Learn more about the basics of using a TFSA and understanding the benefits of this savings vehicle.
When it comes to planning ahead financially, Canadian young adults are lagging behind. Only 51 per cent have emergency savings of any kind – and starting a retirement fund is often a far off thought. With the state of Canadian pension plans plummeting, it’s more crucial than ever to get on the savings fast track.
It’s unavoidable – bad luck is just a part of life. And when it comes to your financial standing, a twist of fate can leave you broke in a flash. Prepare for the worst – job loss, illness and other unforeseen events – with a savings plan that’ll pad your crash landing and help you recover your finances.
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.
If I really think about it, I’m pretty sick and tired of a whole lot of my service providers. I wonder if my insurance company is ripping me off. (Probably.) My bank may be gouging me with service fees. My internet bill sometimes, randomly, shoots through the roof. And, like just about everyone I know, I deeply dislike my phone providers. If it’s time to break up with any one of your service providers, it’s not enough to just be annoyed or frustrated. You need to take a methodical approach to make sure you’re making the right move and that nothing in your life will be disrupted when you switch gears. Here’s a checklist of things to think about when you make a move.
As much as we all like seeing the balance in our savings accounts grow, aside from having enough cash on hand to pay your bills and daily expenses, it almost always makes more sense to pay off your debts first. Here’s why – and a couple exceptions to that rule.