When to prioritize debt repayment over saving Nov 7th

There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
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Canada’s best travel credit cards 2020 Nov 15th

With a good travel credit card in your name, going on a trip can suddenly become more affordable. And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lounge access, amazing insurance coverage and the f.... More »

Unique ideas for your last will and testament + MORE Dec 1st

When you write a will, it is your opportunity to ensure your final financial and other wishes are carried out by your executors. given how many people have no will at all, I am happy to see technology is making it easier to prepare and sign a will without having to leave home. But there are circumst.... More »
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Canada’s best credit cards 2020 + MORE Nov 27th

Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balanc.... More »
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What getting a backyard fire pit will do to your home insurance + MORE Nov 23rd

Backyard fire pits, hot tubs, and other outdoor upgrades have never seemed more appealing than after spending most of 2020  practically housebound.  When Bob Peters, a 65-year-old lawyer from Winnipeg revamped his backyard five years ago—with an elevated deck, hot tub, seating area, natural gas .... More »
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…

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