Category Archives: saving

When Should You Start Collecting CPP?

Posted on June 18, 2012 by Rick

The normal age to start drawing from the Canada Pension Plan (CPP) is age 65. You can begin drawing as early as age 60, but there is a penalty for taking CPP early. So this is an important question that … Continue reading →

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Confusion About the Tax-Free Savings Account

Posted on June 18, 2012 by Rick

It appears that some confusion has developed over the Tax-Free Savings Account (TFSA). Much of the problem may be directly attributed to the name. The word “Savings” seems to imply for most people that the TFSA deposit must be made … Continue reading →

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The Ultimate Money Test

Posted on April 26, 2012 by David Boyd

Do you have a good grip on your financial situation? Are you prepared for the future and whatever it throws at you? Just how much do you think your net worth is right now? If you don’t know the answer … Continue reading →

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Budgeting & Saving Advice for Working Mums

Posted on March 22, 2012 by Guest

Look around your friends and colleagues and you’re unlikely to find a working mum with plenty of spare time and money. There may be little they can do to increase the actual amount of either, so what counts is making … Continue reading →

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The Death of Old Age Security

Posted on February 21, 2012 by Rick

Today’s retirees were born into a world of entitlement in which the employer, the union and the government provided a defined-benefit retirement plan and financial security from cradle to grave. This scene is changing fast. As Canadians age we are … Continue reading →

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Life Changes in a New York Minute

Posted on February 21, 2012 by Rick

The phrase “New York Minute” is thought to have originated in Texas during the 60’s. A Texan took a minute to do what a New Yorker did in an instant. This short essay will illustrate how a life changing event … Continue reading →

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Mobile Apps Make Personal Finance On-The-Go Easy

Posted on February 11, 2012 by Bridget Sandorford

Personal finance mobile applications allow users to do almost anything associated with their financial lives, from tracking their income to paying bills. For example, personal finance mobile apps allow users to create and track budgets, set financial goals, and modify … Continue reading →

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What is Financial Planning?

Posted on February 9, 2012 by Rick

When most people hear the term “financial planning”, they automatically think it has something to do with savings and investing. This is only part of the definition. Although saving and investing is an integral component of financial planning, there is … Continue reading →

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5 Great Ways to Save on College Textbooks

Posted on October 27, 2011 by Erinn Stam

Tuition isn’t the only cost of a college education that is rapidly rising. Textbooks can cost the average student several hundred dollars per semester. Students enrolled in a specialty or graduate program can easily spend over $1,000. Unlike tuition, there … Continue reading →

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Car Sharing: Is It Worth It?

Posted on August 27, 2011 by Alban Smith

A car is a significant expense for most people and takes up a large portion of the monthly budget, not far behind the rent or mortgage repayments. However, for most of us, the thought of going without a car makes … Continue reading →

Posted in budget, saving | 8 Comments