Posts by Barry Choi
What is a Chequing Account?
You shouldn’t feel any shame if you’re asking what is a chequing account? Even though most people know they need a bank account, there are so many different types available these days. It’s no wonder people are confused about what they can get. Understanding how a chequing account works and how you can maximize the…
Read MoreWhat Is A GIC? A Guide to Guaranteed Investment Certificates (GICs)
Have you ever wondered what is a GIC? A Guaranteed Investment Certificates (GIC) is an investment product that is very safe. There’s absolutely no chance that you’ll lose money on your principal (original investment), that’s why they’re attractive to investors. However, since the returns are guaranteed, the best GIC rates in Canada are typically low.…
Read MoreHow do Mortgages Work in Canada?
Have you ever wondered how do mortgages work in Canada? To simply put it, a mortgage is a loan that you get to help you purchase a home. That said, there are different types of mortgages and options available. Understanding the ins and outs of mortgages is vital since they’ll significantly impact your purchasing decision…
Read MoreTourRadar Referral Code: Get up to 5% off Your First Tour
Exclusive to Money We Have fans. Get up to 5% off and an Amazon gift card when booking your first trip with Tourradar by using my Tourradar referral code MoneyWeHave or use my invite link now. Note that the discount only applies when you’re setting up a new account, so you’ve signed but haven’t booked yet, it might…
Read MoreAre GICs Worth it? Understanding GIC Investments
Are GICs worth it? When some people think of investing, they tend to think of it as a high-risk strategy. Often, we associate investments with the stock market which can be incredibly volatile. While some people love to invest in stocks, others shy away from it, prioritizing security over the risk that comes with potential…
Read MoreWhy Use a Mortgage Broker: The pros and cons
Getting a mortgage is part of buying a home. Most people assume that mortgages come from a bank and while this statement is not wrong, it’s not the only option. You can also use a mortgage broker. So, what is a mortgage broker? How much do they cost? And, are they worth it? In this…
Read MoreWillful Review | Get $15 off
Do you have a will in place? It seems like an odd question, especially for young people, but the truth is that everyone should have a will. The fact, however, is that many don’t. In fact, 56% of Canadian adults do not have a will. Why? Well, there are a few reasons. First off, I…
Read MoreEverything you Need to Know About the Canada Education Savings Grant (CESG)
Are you worried about saving for your child’s post-secondary education? Trust me, you are not alone. Raising a child in Canada is not cheap, but government Registered Education Savings Plan (RESP) grants like the Canada Education Savings Grant (CESG) can be a huge help when it comes to saving for education. Here’s what you need…
Read MoreWhat is a Mortgage Gift Letter?
If your parents (or someone else) are going to help you with your home down payment, you’ll want to know what is a mortgage gift letter. This is a vital document that’s required when you get a mortgage. Without one, you might not be able to close on your home, which could be a huge…
Read MoreTravel Loyalty Programs in Canada
One critical mistake that people make when travel hacking is choosing the wrong travel loyalty programs. Understandably, most people who get into this game usually already collect some kind of travel rewards or points. There’s even a good chance they’ve racked up tons of points and are hesitant to switch to something else. While that’s…
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