Category: NEWS
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Week 4 (November 20-26): Have a savings Plan
Avoid financial stress: save up for emergencies You need an emergency fund! Unexpected situations happen. Be prepared, start saving today! Your goal: save enough money to cover 3-6 months of living expenses. That seems like a lot, so start small and build up. Many Canadians are unprepared for unexpected expenses: 57% of Canadians said they would […]
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Week 3 (November 13-19): Know your rights and responsibilities
Should you switch your mortgage to get a better rate elsewhere? You may benefit from better rates and lower payments by switching your mortgage, but double-check your mortgage contract first! Switching your mortgage can result in heavy penalties and fees. Be sure you know all of the penalties and fees before switching your mortgage. Know […]
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Week 2 (November 6-12): Live within your means
Avoid excessive debt! Take control of your financial situation: Live within your means Where to begin? To live within your means, you need to know what you’re spending, have a plan and stick to it! Step 1: Understand your spending habits Keep track of everything you spend money on every day. Use an expense recording […]
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Financial Literacy Month: Week 1 (November 1-5) Start with a budget
Most powerful tool in your financial toolkit: a budget What is a budget? A budget is a plan that helps you manage your money and avoid getting into financial trouble. It lists all of your income and expenses, and gives you a snapshot of your financial situation. 6 reasons why a budget is your most […]