Saving

do immigrant children have it easier?

Are Immigrant Children Better off?

Last week BMO released a New Canadian Study where they found more than half of immigrant parents believe their children will be better off in Canada. As a child of immigrant parents, there’s no arguing that my life is significantly better here in Canada. Having free healthcare alone makes Canada great, and there’s no denying that…

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What my Parents Taught me About Money

My parents are awesome, they may have driven me mad (okay maybe I drove them mad) as a teenager, but there’s no doubt that they taught me a lot about money. Some of what I learned was a direct result of what they taught me, but there are also a lot of things I picked…

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Improve your financial literacy

Improve Your Financial Literacy

Last week the Government announced a national financial literacy campaign that aims to help Canadians better understand and manage their money. Using the hashtag #CountMeIn, the campaign was originally announced 6 years ago by the late former finance minister Jim Flaherty. Yup, it took 6 years before anything formal was launched. To be fair, Jane Rooney, Canada’s first…

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Take advantage of free government money with RESPs

Parents Don’t Like Free Government Money

Canadian parents don’t like free government money. 47% of parents have yet to open a Registered Education Savings Plan (RESP) according to a new survey by the Chartered Professional Accountants of Canada. An RESP is easily the best way to save for your child’s education since the money is tax-free, and the government offers a Canadian…

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15 Ways To Save Money On Groceries

Whenever people ask me to help with their budgeting, one area I tend to focus on is groceries. We all need to buy groceries, but I find it amazing at how so many of us spend a small fortune on them. You would think that having a high grocery bill means you’ll be eating healthy and saving…

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5 Money Management Tips For Your First Job

Congratulations on your first job! Your first paycheque will probably be the most money you’ve ever seen so figuring how to manage your new found wealth needs to be a priority. It’s a fine balance between paying off debt, saving for the future and of course spending a bit on yourself. Taking care of your money doesn’t…

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Maximizing Employee Stock Plans

It’s pretty obvious that free money is awesome but I can understand that maximizing employee stock plans can be tough. With all of our daily expenses, it’s hard to find some extra money for our benefits. But here’s the thing you don’t actually need to save more money, just look at what you’re saving now…

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Three Saving Rules I live by

After reading this interesting post Super Simple Ways to Save More Cash I was excited to find that I already followed 18 out of the 20 tips.  Some may find following all of My Own Advisor’s tips a bit much so I present to you; Three Saving Rules I Live By. Pay Yourself First I admit it, I’m…

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