Here’s my best money saving tip; know the trade-off! My best money saving tip when saving for something really big is to break it down into bite sized micro-saving goals and understand the trade-off. It is very common to get overwhelmed when you are saving for something really big. It is easy to think that […]
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Let your money reach it’s full potential with compound interest. According to Albert Einstein, compound interest is the 8th wonder of the world. Compound interest is interest added to a principle amount, which in turn earns additional interest. To clearly understand compound interest, it is best to contrast it with simple interest. With simple […]
Have you been building an emergency fund? Ever notice how the rain bothers you most when you’re caught off guard? When you’re wearing a fabulous outfit and your hair looks great. We all know to expect rain, so why don’t we always find ourselves prepared? If you had rain boots, an umbrella and a good […]
Tax Free Saving Account: TFSA contribution room should be maximized by all. The relatively new TFSA is an account that encourages saving and has tax benefits as well as a designated TFSA contribution room. Any tool that allows for you to keep more money in your own pocket is a good tool! Every year you […]
