New year, new spending habits + MORE Nov 30th
Contributing to your grandchild’s RESPs: What grandparents need to know + MORE Dec 1st
Am I required to divide my pension with my ex? May 25th
Do you need that bank mutual fund? Maybe not + MORE Jul 10th
The best high-interest savings accounts in Canada for 2024 + MORE May 21st
10 Smart Eco-Friendly Swaps for Items You Use Every Day
– canadianbusiness.com
We’d all like to do better when it comes to our purchasing power, and even small steps can lead us to more mindful shopping. Since there’s a wealth of innovative, sustainable products on the market, consider narrowing your scope and supporting Canadian brands the next time you want to update your wardrobe, bar cart, workout routine or mode of transport.
In honour of Earth Month, we’ve rounded up 10 items—from a yoga mat to gin to household cleaning products—offered by local companies that want to make a difference.
Made-to-last running shoes
The apparel industry is notoriously hard on the planet. If you’re in the market for new running shoes, opt for Norda’s sleek, neon-accented kicks. Crafted using Dyneema (a fibre made from polyethylene, a common plastic), this Montreal brand’s runners also boast durable rubber Vibram soles (known for their water-resistance and flexibility), and have laces made with recycled polyester.
001 LTD Edition running shoe, $295, nordarun…
Can I withdraw from RRSPs to pay bills?
– moneysense.ca
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing from your registered retirement savings plan (RRSP) to pay off unexpected bills.
Assuming you’ve incurred the debt yourself and you’re not desperate—and I mean really desperate—don’t pay your bills with an RRSP withdrawal.
You acquired the debt on your own, so I recommend figuring out a way to pay it off without cashing in investments or consolidating loans.
When unexpected bills arrive, cash flow issues are normally the underlying culprit; either not enough income or too much spending.
What can you do to increase your income or reduce your spending so you can pay off your bills?
Withdrawing from your RRSP may seem like the easy way out. Paying off a debt by cashing in an RRSP or consolidating loans is just a temporary fix, and it starts a cycle…
