Are you thinking about buying your first home soon? With the housing market starting to stabilize and prices on the rise, now might be the perfect time to make your move. The good news is that the Canadian government has introduced a new program to help first-time homebuyers save for their dream home – the First Home Savings Account (FHSA).
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Summer is finally here so be sure to enjoy it! To help you beat the heat AND save money while you do, here are some tips:
Continue reading “Beat the Heat and Save!”DiY Holiday Gifting
When it comes to the holidays, buying gifts can be overwhelming and expensive. Fortunately, it isn’t the only option! If you have some extra time and talent, do-it-yourself gifts are a wonderful way to make your friends and family feel cherished. Thankfully, you don’t have to be a pro-level crafter to make someone a nice gift!
Here are some great ideas for homemade gifts to help you get started!
Continue reading “DiY Holiday Gifting”Maximizing Your Holiday Budget
Along with holiday joy come holiday bills, to avoid a sleigh-size tab, plan ahead to save money and maximize the payoff. Here are a few quick tips to make the holidays less stressful on your wallet!
Continue reading “Maximizing Your Holiday Budget”Low Credit is Spooky! Get Better Credit With The 5 C’s
Buying your first home is an incredible step in life, but it is not without its hurdles! One of which is demonstrating that you are creditworthy, which all comes down to your ability to manage credit. This is how lenders and credit agencies determine the interest rate you pay. A higher credit rating could mean a lower interest rate and save you thousands of dollars over the life of your mortgage.
There are several attributes that lenders consider before granting credit, and these are commonly referred to as the “Five C’s” and consist of: Character, Capacity, Capital, Collateral and Conditions.
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A vast majority of parents are currently supporting their children (ages 18-35 years) financially, spending an average of $5,623 per year! This is an extensive additional cost that most parents cannot afford. In fact, over 30% of parents are seeing delayed retirement in order to help kids with post-secondary costs and are facing an inability or delayed timeframe in paying off their own debts.
As much as parents want to help their kids, it should not be done at the jeopardy of your own future. In fact, when it comes to teaching your children about money, there is no better time to start than now!
Continue reading “How to Talk to Your Kids About Finances”6 Smart Ways to Cut Your Energy Costs
In the last decade, climate change and energy efficiency have become top of mind for many Canadians. From wanting to do our part by recycling to making our home as energy efficient as possible, there are so many benefits to being environmentally and energy conscious.
If you are looking to cut costs or simply want to reduce your eco footprint, here are some great ways to cut your energy costs!
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