All posts for Personal Finance

Newlyweds and Household Finances

Question. Hi, my fiancé and I are getting married this summer, and I’m looking for some advice on the best way to setup our household finances. Until now, we’ve maintained separate finances and bank accounts. However, we’ve just recently purchased a house, so in addition to the mortgage, we’re going to have a lot more shared expenses. I should also […]

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Bank-Owned Mortgage Life Insurance – Here’s What You NEED To Know

Question. My husband and I have recently purchased our first home together. Actually, we’re just in the final stages of the process, and wondering about insurance. The mortgage representative at our bank said we should buy our insurance at the bank because it’s made specifically for this purpose. Actually, she told us that mortgage insurance is mandatory for us. Is […]

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5 Reasons to Start an RESP

In today’s knowledge-driven world, a post-secondary education is more important than ever. But because of increasing tuition costs, many students need their family’s support to pay for a college education. To help families save for their children’s post-secondary education, the government of Canada introduced the Registered Education Savings Plan (RESP) back in 1972. RESPs have evolved substantially since then and […]

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