Not sure how to make a savings plan? Read on…
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Video: How to close a bank account + MORE Sep 12th
Pretty much every Canadian has a bank account. So it makes sense to ensure that you have the best savings account for you (and chequing too) by shopping around. So if you’ve decided to move on from your current bank, you will want to close your old account and ensure that nothing gets lost in the .... More »
Can I have a multi-generational RESP? + MORE Mar 29th
Q: I have an existing RESP for my children, but they may not use all the money. Can I add grandchildren (once born) to the same RESP and keep this going in terms of growth and returns?
— Frank
A: A Registered Education Savings Plan (RESP) is a great way to save for a child or grandchild’s post.... More »
New study highlights trends in Canadian term life insurance + MORE Feb 25th
Choosing a term life insurance policy is a balancing act: how much coverage do you need, who should benefit, and how long should the policy last?
If you’ve ever wondered how your choices compare to other Canadians, PolicyMe’s newly released 2026 study, Canadian Term Life Insurance: A Market S.... More »
Couple pours life savings into bitcoin mine + MORE Dec 7th
As the price of bitcoin tops $15,000 US, some Canadians are looking for new ways to cash in on its climb..... More »
Cheap Whole Foods prices won’t trigger price wars + MORE Aug 31st
TORONTO — Cheaper avocados at Whole Foods might get fans of the organic grocery chain salivating over savings, but retail analysts say it probably won’t launch price wars at Canadian supermarkets.
Amazon took ownership of Whole Foods Monday and immediately decided to cut the cost of some of.... More »
How I saved $5,000 a year
– moneysense.ca
Amrita, Singh, 42, TorontoSometimes a brief moment in your life can change you forever. That moment happened for me in 1998. I’d been trying to make a living as a freelance video producer and had accumulated $8,000 in debt. I felt horrible and, struggling for a way out, found myself at the bank negotiating the consolidation of my personal debt into a single line of credit.
This was the moment I vowed to change my ways. So I set out to cut expenses and adopt a do-it-yourselfer attitude. The result? I cut $5,000 from my annual expenses without making a dent in my lifestyle.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How I grew $30 to $250,000 in 10 years
I wasn’t raised with poor money habits. My parents immigrated to Canada from India in the 1950s, with very little money in their pockets. They made every dollar count. My dad always had a full closet of good shoes, which he’d continually maintain, keeping them polished and repaired…
