Saving
This is a sponsored post written by the Canada Deposit Insurance Corporation. This has been reviewed and approved by Moneywehave.com Editor’s note: One of the most common questions I get is what happens to your deposited money if a bank fails? Well the good news is that you’re covered up to $100,000 thanks to the…
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Today’s guest post is written by Chrissy Kay. She blogs at Eat Sleep Breathe FI and podcasts at Explore FI Canada. Chrissy is passionate about sharing her FI* and personal finance knowledge. In this post, she lists some easy, actionable ways to get your FI journey started. As many of you know, I’m not a…
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If you’re looking for the best way to transfer money internationally, then OFX is your answer. OFX was started in 1988 by two Australians under the name OzForex. The company quickly grew to become one of the largest currency exchange companies in the world with six offices globally. In 2015, the company rebranded as OFX.…
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In recent years, I’ve been getting a lot of questions about the Registered Education Savings Plan which is more commonly known as RESP. I suppose I shouldn’t be that surprised that many of my peers are interested in the RESP rules since they’ve just had children. Heck, one of the first things I did when…
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Finance and budgeting apps are nothing new for Canadians, however, there is one Canadian fintech company that is quickly making headway with the versatility of their app. Hardbacon has been available since 2018. Their mission is to help Canadians make better financial decisions and to become wealthier day after day. Every app has a similar…
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Ever since COVID-19 became a global pandemic, many people have had to make significant adjustments to their daily lives. Many people have started to work from home, wearing masks in public is no longer unusual, and how we manage our money has changed. I’d love to tell you that sticking to traditional money advice such…
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Credit card hacks are some of the easiest things you can do. Heck, you’re likely already doing some of these hacks and you don’t even know it. I’m not talking about real hacks that will get you in trouble with the law, but rather, these credit card hacks focus on perks and benefits that come…
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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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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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Should you get an RRSP loan? That’s a question that I’ve been getting a lot as of late. At first, I was like this is a very specific question for new investors to be asking, then I realized that banks advertise RRSP loans all over the place. They make it sound like it’s an excellent…
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