Not sure how to make a savings plan? Read on…
Latest News
4 Low Risk Alternatives to Chequing Accounts + MORE Feb 1st
Investments like stocks, mutual funds, or cryptocurrencies carry some level of risk which you might shy away from for a variety of reasons. Whether you’re saving for college, getting ready to buy a house, or nearing retirement, if you’re looking for safer investment options, here are some o.... More »
Stock news: Cogeco, Roots, and BlackBerry deliver earnings gains but outlooks remain mixed + MORE Apr 15th
Here’s a round-up of news for Canadian investors this week.
Cogeco
Roots
BlackBerry
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.50% interest, t.... More »
At 40, Peter makes $94,000. He owns two condos and wants a third closer to downtown Toronto. Is that the right move? + MORE Sep 19th
Being an avid investor throughout his life, Peter has long been able to take advantage of GTA’s hot housing market. Now, he wants advice on how best to invest his savings..... More »
Creating a will is the “adulting” milestone you need to hit this year + MORE Jul 19th
When it comes to self-improvement, most of us have a hard time with follow-through—and whether you stuck to your Keto diet or not, there are likely items on your financial to-do list that just never get crossed off. One of the easy actions to delay is creating a will. After all, no one wants to th.... More »
Do You Need Loan Insurance? + MORE May 31st
Managing debt can be a challenge. Sometimes that challenge is driven by circumstances out of your control. Critical illness or disability can put a huge strain on your finances, making it hard to pay off a credit line or loan.
Those times of distress are what loan insurance is designed for. .... More »
Engaged? You Better Start Saving Now
– walletpop.ca
With summer around the corner, wedding season has officially begun. As I happily attend the nuptials of family and friends this summer, I think back to my own wedding. After getting engaged and the initial excitement began to wear off, my focus shifted to thinking about how I was going to actually pay for the wedding day. Although it sounds unromantic, you essentially set a new savings milestone when you pick your official wedding day.
Think about those costs that come after the wedding — a house, kids, vacations, retirement savings. The last thing you want to do is go into debt to pay for a single day before the rest of your life takes off. To keep your wedding budget on track, follow these simple tips:
Set a budget and give yourself time to save
After you celebrate the engagement, it’s time to decide how much you want to actually spend on your wedding.
According to WeddingBells.ca, the average wedding costs $30,000 and Brides.com estimates the average length of an engagement is about a year and half…
Canadian banks boost consumer fees even as collective profits rise
– canadianbusiness.com
TORONTO – Several of Canada’s biggest banks are upping the fees that they charge customers even as they continue to rake in hefty profits, and experts say Canadians are likely too complacent to do much about it.
TD Bank (TSX:TD) boosted a number of the fees associated with its personal deposit accounts starting March 1, including increasing the cost of using a non-TD ATM to $2 from $1.50.
The lender also introduced a $75 fee to transfer a tax-free savings account to another institution.
“We recognize that any changes can be challenging for customers and only after careful review do we increase our prices,” said TD spokeswoman Daria Hill.
“We’re transparent about communicating these changes to our customers and we encourage customers to come and talk to us. There are ways for customers to avoid or minimize the impact of these changes, and we can help guide them to the options that best suit their needs.”
Meanwhile, CIBC (TSX:CM) has since boosted the minimum balance needed to avoid paying a monthly fee for its Everyday Chequing Account to $2,000 from $1,000 and raised the fee for each transaction over 12 to $1…
TD Bank (TSX:TD) boosted a number of the fees associated with its personal deposit accounts starting March 1, including increasing the cost of using a non-TD ATM to $2 from $1.50.
The lender also introduced a $75 fee to transfer a tax-free savings account to another institution.
“We recognize that any changes can be challenging for customers and only after careful review do we increase our prices,” said TD spokeswoman Daria Hill.
“We’re transparent about communicating these changes to our customers and we encourage customers to come and talk to us. There are ways for customers to avoid or minimize the impact of these changes, and we can help guide them to the options that best suit their needs.”
Meanwhile, CIBC (TSX:CM) has since boosted the minimum balance needed to avoid paying a monthly fee for its Everyday Chequing Account to $2,000 from $1,000 and raised the fee for each transaction over 12 to $1…
