Millions of people commit to getting in shape for their New Year’s Resolution, but RateSupermarket.ca is challenging Canadians to get financially fit as well. Canada’s rate comparison website for personal finance products urges consumers to tackle their personal debt and grow their savings in 2012.
TORONTO, November 24, 2011… RateSupermarket.ca, Canada’ s go-to-website to compare and save money on credit cards, mortgage rates, and savings accounts, is challenging consumers to rethink their credit card strategy this holiday season. Credit cards aren’t just for spending money, but for saving money as well.
Not all savings accounts are created equal. Some offer you unlimited access to your money in exchange for a monthly fee, while others charge you nothing provided you leave your money where you put it. The type of account you choose really depends on you.
Good for you! You’ve made the smart decision to open a new savings account. You have a budget and a plan. All you need to do is open the account, which is, no doubt, the easiest part of the journey. Once you make that first deposit, the exciting part is watching your money grow. Most banks require 2 pieces of identification in order to open an account. One of those pieces must be photo ID.
Most everyone will have a savings account at some point in their life. Choose a savings account if you want to set aside money for emergencies or f you have extra money that you don’t want to spend right now, but want to easily access later. Basically, a savings account serves as short-term money saving solution.
A High Interest Savings Account (HISA) is exactly what its name says – a high interest savings account (imagine that!). Not all HISAs are the same, though. You’ll want to compare the features of products offered by different financial institutions. Here are the top factors you need to consider.
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.
The key to making your savings account work for you choosing the right account – and following these top money-saving tips.
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.
Any financial planner – or credit counselor – will tell you that the first step to creating a budget that you’ll stick to is tracking your ongoing expenses for two or three months.