As a Canadian, determining the best credit card for collecting travel points can be a daunting task. You need to look at your spending habits, how points are earned, sign up bonuses, ability to redeem points, annual fees, foreign transaction fees, and other benefits. I have used a credit card for about 2 yrs that […]
How I bought $3000 dollars Worth of Plane Tickets for FREE! Read More »
Having financial stability is a way to improve your peace of mind and enjoy life. There are a variety of ways to achieve financial stability but all require you to be disciplined and responsible with your money. Below are some strategies to guide you on your journey to financial stability: Financial Education: Continuously educate yourself
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In this blog I will discussing the challenges of saving if you like to spend your money. With discipline and a few strategies in place, you can successfully save for college or university in Ontario. Here are some tips to help you: 1. Create a budget: Develop a monthly budget that outlines your income and
Like to spend but need to save for School? Read More »
A First Home Savings Account (FHSA) refers to a type of savings account designed to help individuals save money for a down payment to purchase their first home. The account offers certain tax advantages to encourage individuals to save for homeownership. Here are some key features and details regarding the First Home Savings Account in
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The Pathways to Education program means future success for students. It is a nationally recognized initiative that aims to support high school students from low-income communities in their educational journey. The program focuses on addressing the barriers and challenges faced by students from low-income backgrounds, helping them overcome obstacles and succeed academically. Here are some
Pathways to Education means Future Success for Students Read More »
A RESP is an account you use to save to pay for college or university. Your parents can open an account for you at any stage in your life. There will be more money available in a RESP for your education if your parents start investing earlier in your life. You can do the same
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At some point in your life you will need to borrow money. It could be for buying a car or making a major repair to your house. When that time comes it’s good to know the difference between loans and a line of credit. Loans Loans are where you borrow a fixed amount of money
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When starting your financial journey, learning proper budgeting is the key to financial success. Furthermore, it will help to alleviate stress around your finances. First, take your income for the month and allot 50% to needs, 30% to wants, and %20 to savings or paying off debt. Needs are your mortgage or rent, car payments,
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I have purchased a few homes in Ontario, with 3 of them being for personal use. I know that purchasing a home, especially in a competitive market, can be overwhelming and complicated so I put together this guide to help you. It will provide the necessary steps or include who to seek out for advice,
A Step by Step Guide to Buying a House in Ontario for First Time Home Buyers Read More »
There are pros and cons to opening a RRSP account. A RRSP is a tax-deferred account that can be opened when you start earning income recognized by the Canadian government. Before turning 18, you can contribute a limited amount to your RRSP account. After 18 is the only time you can contribute more than 2000
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