Students

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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You can't afford everything as a new grad

The Truth About Money for New Grads

For many new grads, the truth about money is shocking. What they’ve been told/taught by their parents and schools isn’t necessarily true. They’re taught that if you get an education and work hard, you’ll be rewarded for it. Well that’s true to a certain extent but when it comes to money, they might have a harsh…

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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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Canadian student loan

Canadian Student Loan Options

The cost of a post-secondary education seems to be increasing every year; fortunately getting a Canadian student loan is a pretty straight forward process through the Government of Canada. The federal government essentially offers 2 Canadian student loan programs to help with your education costs. They of course don’t just give loans away, you need to…

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Money Terms You Need to Know

November is financial literacy month! Exciting right? Okay, maybe it’s just exciting for those of us who blog about money, and for those who are trying to make money. Managing our money is hard enough so it’s no surprise that many of us glaze over when we hear money terms in the news that makes no…

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TFSA Questions From New Grads

Tax Free Savings Accounts (TFSA) have been around since 2009 yet many people still don’t quite get how they work. The Canadian Revenue Agency does a good job explaining tax free savings accounts on their website, so I’m going to focus on answering some common TFSA questions that new grads have. When should I open up a…

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What to avoid when back to school shopping

It’s the week before back to school and every retailer is trying to get you to part with your hard earned cash.  Some shopping can’t be avoided but there are things to look out for. Things to avoid when back to school shopping Five Star – I’ll admit when I was in high school I thought Five…

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How much does prom cost?

The average cost of prom is $804 in Canada!  Is that not insane? This all according to a VISA Canada survey. It’s been many many years since I went to my high school prom, but I know I didn’t spend anywhere near that amount even when factoring in inflation. How much does prom cost for Americans? $1086 on…

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7 Tips For Saving Money In School

Earlier we found out the real financial cost of getting an MBA.  Yes it’s expensive but rewarding in the long run so here’s a few tips for saving money in school. Save money while in school Live at home – Living on residence may sound like the fun thing to do but it could easily cost…

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