Student Money Guide Jun 22nd

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.

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Student Money Guide

– moneysense.ca

There’s more to college and university than just 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—is when kids are still young. That’s why our Student Money Guide begins with the basics: How to help kids understand the value of money; set them up with their first bank accounts; and all about registered education savings plans (RESPs).

When kids are grown and ready to live on their own, check out the sections on applying for student loans, scholarships and bursaries; covering tuition costs, handling housing expenses; and more.

What do you need help with today? Click on any topic in the list below to jump to the full information in this guide:

For parents and other adults:

The best ways to help kids financially
How to set kids, teenagers and young adults up for success with money
How to get kids in the habit of saving
Strategies for teaching kids about money
What is an RESP?
How to withdraw from an RESP
How to make RESP withdrawals for kids with different educational paths
How to save money on student housing costs

For students:

Everything you need to know about financial aid in Canada
How to apply for OSAP
How to save money while you’re in school
The best credit cards for students
The best bank accounts for students
Is owning a car worth it for students?
How to pay off your student loans

The best ways to help kids financially

Regardless of whether your kids are fast approaching their post-secondary schooling or just graduating from kindergarten, the sooner you and your child start saving for education costs, the better…

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