Newsletter
Better Finances for a Better You
← 019 Neontra Newsletter Issue #018 017 →
Estimated reading time: 6 minutes
Did you know?
The first War Savings Certificates and Victory Bonds were issued in Canada during the First and Second World Wars. They went towards paying for the war effort.
Browse through the gallery and view the timeline to learn about the History of Canada Savings Bonds. →Word of the week
Interest
Typically, interest is paid on deposits to savings accounts. Your savings will increase as a result of the interest you earn on money you save, particularly if you have a higher-interest savings account. Simple interest - is paid on some investments and does not take into account the interest that has been added to the account; rather, it calculates interest just on the original amount. These investments often have a slightly higher interest rate. Compound interest - is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods. Compound interest is the norm for savings accounts.
See an example of how simple and compound interest differ →Budgeting
Creating a budget in college can help you understand where your money goes each month, which is a good first step to take when you’re learning to manage your finances.
5 Tips for Saving Money and Budgeting in College →Infographic of the week
The World’s Biggest Mutual Fund and ETF Providers
The global net assets of mutual fund and ETF providers totalled $38 trillion in 2022. Despite its massive size, the industry is dominated by a relatively small number of brands.
This graphic uses data from Morningstar to show the largest fund brands and their growth rates in 2022 →Saving
Recession-beating tips for the job market, housing, investing and the cost of living
Podcast: Stress Test by columnist Rob Carrick on on how to prepare for the changes in the job and housing markets, investing and the cost of living →Investing
Investing Introduction
Whether you are new to investing or new to Canada, investing for your future is important.
Investing for your future →Serious stuff
4 Common Money Philosophies (And What They Say About You). Struggling with your finances? Your deepest-held beliefs about money might be to blame.
Which Script Do You Follow →Fun stuff
"Filled the pool with champagne and swam with the big names And blew through the money on the boys and the ballet And losing on card game bets with Dalí"
Which artist is #1 on our Neontrack playlist this week?
Listen to our Neontrack playlist when you have music and money on your mind.