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OFX Review Australia | OzForex Review

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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Registered Education Savings Plan (RESP) Canada | Everything you need to know

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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Hardbacon Review

Hardbacon Review

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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Unconventional Money Moves to Make

Unconventional Money Moves to Consider

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 travel

Credit Card Hacks: How to legally maximize your points and cards

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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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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Is an RRSP Loan Worth it?

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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Best Budget Apps Available in Canada

Creating a budget is a smart financial decision since it can help you track your spending and help you save. But, as helpful as this can, creating a budget can be painful. At least if you do it traditionally with spreadsheets or pen and paper. However, thanks to technology today there are many easier ways…

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Moka (Mylo) Review

In the market for a budgeting app that will help you save money? Moka (formerly known as Mylo) may be just what you’re looking for. This app helps you save money on a regular basis without having to change your spending habits. Not only does it help save your money, but Moka also invests it…

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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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