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Tenant Insurance: How much is your stuff worth? + MORE Nov 11th
Tenant insurance is what stops a bad situation from becoming a true worst-case scenario. It protects you from the immediate results of a bad situation, in three very important ways: Contents, additional living expenses and liability.
Those are insurance terms, but here’s what they actually mean to.... More »
The best Air Miles credit cards in Canada for 2024 Jul 10th
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“I discovered water damage in my home. Will insurance cover me?” Sep 1st
My washing machine has been leaking for years, and we only just learned of the leak and the resulting damage because of staining on our basement ceiling below. Will my home insurance cover this? —Alison
Does home insurance cover water damage?
The end result of water damage to your home is a.... More »
Uninsured auto insurance 101: What you need to know Dec 9th
Uninsured motorist coverage is used to protect you if you’re involved in an accident with someone who does not have valid insurance, or even if you’re left behind in a hit-and-run scenario.
We know what you’re thinking: Isn’t every vehicle required to have insurance in Canada?
Yes, but the.... More »
Blue Jays break new ground by acquiring premium rental Jordan Hicks - Yahoo Canada Sports Jul 31st
Blue Jays break new ground by acquiring premium rental Jordan Hicks Yahoo Canada SportsJordan Hicks and What's Next | Jays Talk Plus SPORTSNETJays pay reasonable price for hard-throwing Jordan Hicks as closer insurance. And they aren’t done Toronto StarWhat's next .... More »
When to prioritize debt repayment over saving
– moneysense.ca
In an earlier story, we introduced you to Lindsay Tithecott, a 29-year-old who is trying to pay down debt, build up savings and buy a larger condo. To help her get her finances in tip top shape, we gave her a series of financial challenges, including a rethink of her budget-busting fitness classes. This challenge involves budget basics.
Calculating how much you can afford to save and invest
We asked Lindsay to redo her budget, starting with annual disposable income.
To determine this, she took pay stubs from both her full-time job and her part-time job, and did the following:
1. Calculated what she earns gross annually from both jobs, then deduct income taxes, EI, CPP, Disability insurance payments, etc. from that amount to get her total net income.
2. Subtracted the $2,880 RRSP contribution that her employer matches dollar for dollar at work from her net income calculated above to determine how much is left.
What Lindsay learned, in her own words
I’m so glad I did this challenge and the timing was great for me…
Calculating how much you can afford to save and invest
We asked Lindsay to redo her budget, starting with annual disposable income.
To determine this, she took pay stubs from both her full-time job and her part-time job, and did the following:
1. Calculated what she earns gross annually from both jobs, then deduct income taxes, EI, CPP, Disability insurance payments, etc. from that amount to get her total net income.
2. Subtracted the $2,880 RRSP contribution that her employer matches dollar for dollar at work from her net income calculated above to determine how much is left.
What Lindsay learned, in her own words
I’m so glad I did this challenge and the timing was great for me…
