How to go about securing the best savings strategy in Canada.
Latest News
Pay Attention to Your RRSP Fees, and How You Pay Them + MORE Mar 14th
No one likes to pay fees, but the rate you pay for your investments and how you pay them can be especially troublesome. Making the right decision for your portfolio can be the difference in how much money you earn over the long haul.
When it comes to your Registered Retirement Savings Plans (RRSPs).... More »
Can we retire with $6,500 a month? Aug 17th
Randy and Sandra Luke
Up until last year, Sandra and Randy Luke were focused on paying off their mortgage. With that goal behind them, they’re ready for their next challenge: to retire in 10 years. But can they save enough to build a portfolio capable of delivering a monthly net income of $6.... More »
Minor Tweaks Won't Solve The Payday Loan Crisis + MORE Feb 22nd
The Ontario government is holding hearings on Bill 59 - Putting Consumers First Act, legislation that includes proposed changes to the Payday Loans Act.
The proposed changes are relatively minor (such as a prohibition on making a new loan until seven days have passed since the borrower repaid thei.... More »
10 retirement questions, answered Nov 9th
(EpicStockMedia/Shutterstock)
1. Am I saving enough for retirement?
Ah, the million-dollar question. Lets look at a specific example, shall we? Say you have a $50,000 per year salary and $160,000 in your RRSP at around age 60 and plan to contribute another $10,000 a year for 10 years. Is this enough.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Nov 5th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
5 Tips For Students Trying to Afford University
– ratesupermarket.ca
By: Derek Nicholson
Every May, post-secondary students are given four months off. Disguised as “vacation”, these 16 weeks are really a hectic money-making period, as students scramble to fill their savings accounts and offset the steep costs of the next eight months.
The end goal: a comfortable financial safety blanket that lasts the duration of the school year, which is crucial as work hours are harder to come by once classes start. It’s no easy feat, considering the ever-rising cost of tuition (and much-less frequent wage increases).
As I start my fourth year of my post-secondary program, I’m faced with seemingly endless expenses, all designed to distract or prevent me from saving the way I plan to. I know other students feel the same way, so here are a few alternative “money making” methods for students that’ll help avoid financial crisis and snowballing debt.
Also read: Can Students Afford the Future?>
Save Out of Sight
It’s never too late to start putting aside portions of paycheques into a separate savings pool…
Five retirement savings tips for Millennials
– canoe.ca
A couple of years ago, Emilie Hunt had to go to the emergency room with a stomach virus. The bill took a huge chunk of money out of her savings, more than $800, and kept her from saving for a couple of months.
