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Tax due dates, credits and more: Your 2024 income tax return guide + MORE Mar 4th
Doing your own taxes? Prepping your documents for a tax professional? Either way, welcome to the MoneySense guide for personal income taxes, your information hub for filing your 2024 return (bookmark it now). We will be updating it frequently, as information becomes available and deadlines approach..... More »
How the elimination of interest on federal student loans could give graduates a boost + MORE Nov 28th
All about Canadian Savings. Learn the ins and outs and get the latest news.
How the elimination of interest on federal student loans could give graduates a boost - thestar.comContinue Reading On thestar.com »
Tools and habits to stay on track with your money goals - moneysense.caIn re.... More »
Eight solid alternatives to the Capital One Costco Mastercard for Canadians + MORE Jun 6th
Costco wasn’t the world’s first retail warehouse club, but in the nearly 35 years since opening in Canada, it’s become a staple shopping destination for families and groups who want deep discounts on bulk buys. The way that Costco works is that it relies on membership—you can’t walk into a.... More »
Student Money Guide Sep 26th
There’s more to college and university than classes. Navigating the costs that come with a post-secondary program is just as much a learning experience as Psych 101—for both students, and the adults in their lives. The best time to start—both saving for school, and learning how to handle money.... More »
“I inherited my husband’s TFSA. Does that affect my contribution room?” + MORE Jul 30th
Ask MoneySense
I have a question about TFSAs that I have not seen being answered anywhere. My problem is as follows: In 2009, both my husband and myself started to make the total allowable contributions to our individual TFSA accounts. When my husband passed away in 2020 the balance in his TFSA at t.... More »
As a Young Adult, These Are The Top 3 Financial Lessons I Learned in 2018
– ratesupermarket.ca
Growing up, I thought I always had a knack for being financially responsible. My parents constantly lectured me about the importance of spending within my means and saving from a young age, so I would be careful not to spend too much while out with friends, and would throw a few dollars in my savings account here and there.
But as I got older and more expenses kept popping up – phone bills, car payments and maintenance, and insurance, to name a few – the more I realized there is a lot I don’t know about managing money. Moreover, 2018 was a rollercoaster of a year; a lot happened in my life and my bank account was definitely affected.
Sound familiar? If you’re a young adult, you probably understand that turning point when life starts coming at you – fast. And sometimes these growing pains can take a toll on your wallet, that is, until you learn your financial lesson.
Here are three important financial lessons I learned in 2018:
Lesson #1: Your emotions can really mess up your finances
Perhaps one of the most important lessons I learned in 2018 is how emotions can lead to impulse decisions…
