What to do with your savings: pay off your mortgage or diversify your investments?
When it comes to money decisions, it can be hard to figure out the right thing to do. Money is about power, emotion, morality, and security, among other things. So in this space, we gather experts to weigh in on a financial quandary. This week’s question:
Reading, writing & Financial Literacy
When you were in school, did you learn how to balance a budget and plan for retirement? Probably not, but your children might. Adding financial education to the curriculum is one of the goals of the Financial Consumer Agency of Canada. The organization has designated November as Canadian Financial Literacy Month, an opportunity to educate Canadians on
5 Things Every Millennial Should Know About Retirement
I, an employed barely 24-year-old with little to no reason for confidence about my future, stare down my sunset years, exploring the world of retirement today and envisioning what it might look like 40 years from now. But I’m told millennials dig lists. So here’s what I learned.
1. Every little bit of savings counts. It helps to build a nest egg. A 2010 study from
Life insurance is really Love insurance
Life insurance is an expression of love, and when you really think about it, flowers, candy and even diamonds can’t compare to the endearing message that life insurance planning can deliver. It’s the promise of financial security for your loved ones and peace of mind for yourself, and while that may not sound particularly romantic,
Critical Illness In surance – What you need to know
We all know someone that has been diagnosed with a critical illness. The repercussions that an illness takes on an individual and their family are life changing. Not only the stress of having to overcome the illness and get better, but also the financial toll the illness could have on a family’s savings. Critical Illness Insurance was created with the intention of assisting people when they
Have you been declined life insurance?
Putting life insurance in place gives you piece of mind that your loved ones will be taken care when you are not around.
Although you might want the coverage, certain circumstances could arise that have made you high risk and therefore you are unable to purchase traditional coverage.
How to save money on things you thought you couldn’t save money on?
Personal finance guru David Bach coined the term “the Latte Factor” as a metaphor for how money is wasted here and there on small things that have big financial impact over time. But rather than targeting the occasional mochaccino to save money, you might want to start by fixing your “fixed expenses”
You Don’t Need Disability insurance!!
3 Reasons You Think You Don’t Need Disability Insurance (But Actually Do)!
Most people, if asked, are hard pressed to explain what disability insurance really is. It’s actually pretty simple to define: Disability insurance protects your paycheck. If you become injured or ill and can’t work, disability insurance pays you a portion
Keep Your Life Insurance as You Head Toward Retirement (5 Reasons).
As Baby Boomers continue to make their way towards retirement, many may feel they can do away with the added expense of life insurance. After all, in a large number of cases, the kids are grown and some of the larger expenses like college may be behind them.
But that doesn’t necessarily mean that you should get rid of your life insurance coverage quite so fast.
Tips for a Stress-Free Tax Season
The arrival of spring should be a time for celebration but for many Canadians, March brings anxiety as they prepare for tax season. Approximately 25 million Canadians¹ will file individual tax returns this year and some of them will leave it till the last few weeks before the April 30 deadline. Many people are overwhelmed by preparing tax returns and some are so fearful that they avoid it altogether.
