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Tag Archives: savings
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December 13, 2012
- Masters of Money
Encouraging Kids to Save
How can you encourage your kids to be good savers? It starts with being a good financial role model and adopting healthy financial habits. One of the best habits you can adopt and model for your kids is to “pay yourself first”. Make savings a priority by paying yourself before paying a cent to anyone else. MORE
November 8, 2012
- Masters of Money
How Your Library Can Save You More Than $200 a Month
There are plenty of reasons to get a library card, not the least of which is savings: the library is your gateway to lots of free stuff you might not know about. From books to music to free passes, I crunched the numbers to show how using your local library can save you more than $200 a month on books, movie rentals and more! MORE
Tagged Free Stuff, Library, magazine, savings, Video
August 27, 2012
- School of Savings
Learning to Invest – Part 1: the Essentials to Earning
I’ve recently graduated from school and I’m eager to start growing my money tree. However, since I’m most likely moving to South Korea at the end of August and won’t be making a lot of money, it’s important that I make smart investing decisions. MORE
August 7, 2012
- School of Savings
Better Bank for Your Buck: Tablet or Laptop
As I mentioned in an earlier post, I’ve decided I need a new laptop before I move to South Korea at the end of September. Although it’s a big expense, my current MacBook is almost six years old, and the last thing I want to do is have it crash on me while I’m working full time in a foreign country. MORE
July 23, 2012
- Masters of Money
Registered Accounts: TFSAs
Canadians 18 or older with a valid Social Insurance Number can save up to $5,000 each year in a Tax-Free Savings Account (TFSA). A TFSA is a very flexible savings vehicle. Unlike a Registered Retirement Savings Plan (RRSP), contributions to a TFSA are not tax deductible. The money you put into a TFSA has already been taxed. As a result, you can withdraw your TFSA savings whenever you want for any reason, without any tax consequences. MORE
Tagged Contribute, Funds, Income, investment, savings, Tax, tfsa
