Bank accounts

How to Build Credit as A new Immigrant

How to Build Credit as A new Immigrant

If you recently arrived in Canada, you’re likely wondering how to build credit as a new immigrant? The process of building a credit history and credit score in Canada is easy. However, depending on your circumstances, getting a good credit score may take some time. Regardless of your situation, building your credit score in Canada…

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What is a Credit Union?

Have you ever drive around your neighbourhood or city and noticed things called credit unions? If you answered yes, the odds are you’ve likely asked yourself what is a credit union? Credit unions are similar to banks and other financial institutions, but what makes them different is that they use a cooperative model where their…

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RBC Remote account open featured

RBC Introduces Remote Account Open

**This is a sponsored post written by me on behalf of RBC. All opinions are my own. Although we’ve seen a decrease of COVID-19 in the last couple of months, there’s no denying that things have changed forever. Wearing masks when you’re sick will no longer look out of place. Working remotely may become more…

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Compound Interest Definition and Explanation

Compound Interest Definition and Explanation

Compound interest is a common term you hear when it comes to investing. But, what exactly is compound interest, how does it work, and how can you best take advantage of it? I’m sharing what you need to know in this compound interest explanation. Compound interest definition So, what is compound interest? Compound interest is…

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CDIC Changes Coming

**This is a sponsored post written by me on behalf of Canada Deposit Insurance Corporation. All opinions are my own. The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation that was created in 1967 to provide deposit insurance for Canadians. Although a Canadian bank hasn’t failed since 1996, many Canadians are still worried…

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Why You Need to Have a High Interest Savings Account

How would you like to make money for free? Silly question, isn’t it? Of course you would, and you can easily with a high interest savings account. A high interest savings account (HISA) is something that every Canadian should have, yet there are still many that don’t. Chances are, that’s just because they don’t know…

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Manulife All-In Banking Review

Not many people think about Manulife for their banking needs so it was pretty interesting when they introduced their new All-In Banking Plan which gives you access to 4 different products: an everyday bank account, a high-interest savings account, a no-fee cash back credit card and travel disruption insurance. The idea is that all of…

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most out of your banks

How to Get the Most Out of Your Banks

Although some people have decided to use digital banks only, the majority of Canadians still use brick and mortar banks. There’s nothing wrong with that, but the question is are you getting the most out of your banks? Traditional banks offer a variety of products services but it seems like many people are using them…

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Live at Home Without Debt

Live at Home Without Debt? Here’s What to do With Your Money

A little while back, a reader of mine (Suzette) commented on how it would be interesting to read a post that’s aimed at Asians. Her point was that many Asians typically live at home rent-free until they’re married and usually their parents would have paid for their education. As someone who fits that description perfectly,…

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3 Things to do With Your Money After Getting Married

I got serious about my money when I proposed to my wife nine years ago. Saving for the engagement ring was a big deal, and I knew we would have a lot of upcoming expenses as we started to plan for our wedding. Fortunately, my wife and I were on the same page, but there…

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