by Ingrid Clayton | Jan 31, 2021 | Financial Literacy
What is an RRSP and a TFSA? A Registered Retirement Savings Plan (RRSP) is a savings plan where people save money for their retirement. The contributions made to an RRSP account reduces your income by that amount because the funds in an RRSP are tax-deferred. The...
by Ingrid Clayton | Jan 24, 2021 | Financial Education
Who Is Giving You Financial Planning Advice? Handling finances can be difficult for many people because financial planning is not taught in school, and it is rarely taught in the home. While some people may be very savvy at plotting out their financial course, not...
by Ingrid Clayton | Jan 17, 2021 | Financial Education
What is a debt consolidation loan? Put simply, a debt consolidation loan is one big loan that a finance company will lend you to pay off all your individual debts. The word consolidation is used because your debts that are with multiple lending institutions, or on...
by Ingrid Clayton | Jan 10, 2021 | Financial Education
What is a “Payday Loan”? A “Payday Loan” is a very short-term loan — usually for a few weeks — that people who need to access quick cash may borrow to cover financial obligations until they get paid. In the past all payday lenders operate from a...
by Ingrid Clayton | Jan 3, 2021 | Financial Education
One of the best defenses against job loss, illness, emergency travel, and other unforeseen problems is an emergency fund. An emergency fund is money that is set aside in a normal bank account that you can access quickly. For example, if your air conditioner dies or...
Recent Comments