There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
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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 »
Advice for cash-strapped renters and landlords during COVID-19 + MORE May 16th
When the COVID-19 pandemic swept across North America in early 2020, it created a wave of income loss that impacted people from all walks of life. While some individuals have been hit harder than others, it’s difficult to find a group or industry that hasn’t been affected. A small segment of the.... More »
In Your Corner: Interest rates are near an all-time low — where can you get the best return on your savings? + MORE May 1st
These are the best high-interest (well, relatively high) savings accounts out there right now..... More »
The best ways to help kids financially Aug 8th
As a father of three and a financial professional, the coming school year, and the uncertainty attached to it, is very much on my mind. Even if your children, like mine, are still years away from post-secondary tuition fees, the sooner you start saving, the better your chances of reaching your finan.... More »
Nine surefire ways to save on your grocery bill (and still eat well) + MORE Jun 19th
Surging food prices are taking a bite out of your wallet, so arm yourself with my pro tips for scoring the best savings, Lesley-Anne Scorgie writes..... More »
How to Start an Emergency Fund When You’re Living Paycheque to Paycheque
– ratesupermarket.ca
When you’re living paycheque to paycheque and every dollar counts, it’s hard to imagine how to save any significant amount of money. The good news is, you can build up an emergency fund even while living paycheque to paycheque. The best news of all is once you’ve built up some savings everything else will get a bit easier as well. An emergency expense won’t “break the bank” and you won’t have to worry about making the rent or being late on bills.
How can I start a savings account if I have no money left over shortly after I’m paid?
You’ll find financial advice that says, “Pay yourself first before you pay anything else.” It may seem almost impossible, but this is the only way you can get started to build up an emergency fund.
Before you’re paid the next time, decide ahead of time how much money you’ll pay yourself and immediately put it into your new emergency savings account. It doesn’t have to be a large sum of money…
