Due to the economic problems that are occurring in the US, the Canadian economy is being affected as well. I thought that the bailout was supposed to smooth things out but it looks like the problems are still there. Even with the bailout, there are issues of executives wasting money and taking advantage of the [...]
If you work, I’m sure that you work hard for you money so it’s only right that you keep the majority of it. As Canadian workers, we have to share part of our pay cheque with the government but there comes a day when you stop working for the government and start working for yourself. [...]
My bank account manager recommended that I cancel any credit card that I haven’t used in a while. Even though I’ve already cut them up, it’s still a good idea to cancel them with the credit card company, you know, just in case. I took his advice and canceled my CitiBank credit card. I haven’t [...]
No, that’s not a typo and I wasn’t trying to sing the “R-E-S-P-E-C-T” song. Back in January, before I left for Hong Kong, I opened up a Registered Education Savings Plan (RESP) for my two youngest brothers. I don’t want them to take a student loan from the government because it’s too expensive and I [...]
I’m taking a lot longer than I had planned to pay off some debts. These debts aren’t mind but I’m trying to be helpful to some friends and loaning them some money. It’s turning around and kicking me in the ass for it. It’s a bad idea to be lending money to people who have [...]
For a while now, I’ve been writing a lot about my finance life. Lately, that’s the subject that’s been on my mind the most whether it’s relating to my savings, loans, budgets or spendings. Every time this topic comes up during a conversation, I try to squeeze in an advice to save. I tell my [...]
I haven’t been in the workforce for that long but I’m already thinking about retirement. My dream would be to retire by the age of forty but I’m not sure I can save that much right now to reach that goal. Instead, I’ll do what others are doing and plan for retirement at the age [...]
I’m not sure exactly what is going on lately but it seems like there are a lot of people are in some kind of financial trouble. I know of a few people who can’t seem to hang on to their money. I’m not sure what they’re spending it on but whatever it is, it’s burning [...]
Last Friday, I had a meeting with a Royal Bank associate to discuss my RRSP contribution. I had the times mixed up so I didn’t meet up with the person that I was scheduled to meet. Instead, I met with another associate and she helped me out with my RRSP. I didn’t have any plans [...]
The other week, I received mail from Revenue Canada. I was hoping that it would be my last Government Sales Tax (GST) credit for the year but it wasn’t. It was just my NETFILE access code. NETFILE is a system which allows people to file their income tax via the internet. It’s a lot quicker [...]