People have varying opinions about the word “debt.” Some people view debt as a tool; others are wary of it; still others treat it like a two-flush corn log, refusing to touch it with a 10-foot pole. Despite these widely diverging viewpoints on the topic though, debt is a necessity for most of us, and it’s not nearly as well-understood as it should be. (more…)
Starting in 2019, there will be changes to the Canada Pension Plan (CPP). I have to admit I was a bit surprised when I heard about it (and only learned about it while I was researching something unrelated online). Also, the explanations of the changes given on the Government of Canada website were about as clear as mud, so I thought I’d try to simplify it for you. (more…)
If you’re like the majority of Canadians, you have multiple types of debt on your books. Maybe you have a mortgage, a car loan, a line of credit and a credit card. With Canadians now owing almost $1.70 for every dollar they earn according to Stats Canada, it’s no wonder one in three Canadians reported feeling overwhelmed by their debt.
So where do you start if you want to try and get out from underneath all that crushing debt? (more…)
You may have heard the term before: mutual funds. But what is a mutual fund exactly? How do they work? And why should you care? (more…)
Hey everyone, it’s been a little while since I wrote my original post explaining my student debt situation, and what I’m doing about it. Today, I’ve got my first update on how things are going! (more…)
Got kids? Planning to have them? Want them to go off to post-secondary education one day? Then you’d better make sure you understand how the Registered Education Savings Plan (RESP) works! (more…)
