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Posts from the ‘Featured Articles’ Category

8
Aug

Budgeting for University Life

If you  have a son or daughter, perhaps a niece or nephew heading off to university this month, here’s a great article to share with them from Practical Money Skills.

Making the transition from living at home where someone else buys groceries and pays essential bills to living on your own is a big step. How much can you afford to spend on groceries in a week? Are you going to need to work extra hours to pay for all of your books?

Create a Budget

This first step in financial planning will help you answer these questions and is absolutely essential in managing your personal finances. Read more »

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16
Jun

Wondering if the new mortgage rules are curbing home prices?

I came across this article in the Globe and Mail and thought it was worth sharing.  It sheds some light on the impact of higher rates and stricter mortgage rules on home prices.

Worth a read.

 

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18
Apr

Protect Yourself Against Identity Theft

There are some simple steps you can take to reduce or minimize the risk of becoming a victim of identity theft.

Practice Safe Internet Use

Delete spam emails that ask for personal information, and keep your anti-virus and anti-spyware software up-to-date. Shop online only with secure web pages (check the bottom of your browser for an image of a lock or look for “https” in the address bar). Never send credit card numbers, social security numbers and other personal information via email.

Destroy Private Records

Read more »

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6
Mar

The Healthcare Conversation You Need To Have Now

I came across this article in Forbes magazine and thought it was worth sharing.  This is relevant to anyone with aging parents – it puts protection in place for them and gives you peace of mind.

https://www.forbes.com/sites/ashleaebeling/2018/02/28/the-healthcare-conversation-you-need-to-have-now/#2a5d8a5d3a35

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18
Feb

Why have a will when you have beneficiaries?

You give up some control when you just have beneficiaries and no will

by Ed Olkovich for MoneySense magazine

Q: I am married. I have RRIF and LIRA and my spouse has RRSPs. We have joint cashable accounts too. We have appointed each other as beneficiaries for every account. I am told this arrangement takes longer to settle on death if there is no will. Why do I still need a will?

—Krish

Click to read the answer to this question on the MoneySense website.

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20
Jan

Budgeting

If you’ve made a resolution to be more disciplined with your spending, or you’ve overspent over the holidays, a budget is a good way to get back on track.  Here’s a good article from Practical Money Skills that you might find helpful.


A budget is a plan, an outline of your future income and expenditures that you can use as a guideline for spending and saving.

Only 47 % percent of Canadians use a budget to plan their spending. But Canadians are feeling more in debt than ever with 90% saying they have more debt today than five years ago. A budget can help you pay your bills on time, cover unexpected emergencies, and reach your financial goals — now and in the future. Most of the information you need is already at your fingertips. Read more »

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