Tired of overspending? Want to cut expenses without giving up your favorite things? Here are a variety of creative ways to save money on everything from food to getting married.
31 Creative Ways To Save Money from Forbes ADVISOR →Could your language affect your ability to save money?
TED.com - Saving for a rainy day: Keith Chen on language that forecasts weather and behaviour →Fast Company spoke with people from four different generations (Gen Z, millennial, Gen X, and baby boomer) to understand their investing strategies.
Learn from Gen Z, Gen X, and the millennial and baby boom generation →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 →Canadians' confidence in their ability to retire on time and debt free declined between 2016 and 2022, according to a new research report released by the Canadian Public Pension Leadership Council (CPPLC).
Research shows Canadians losing confidence in their plans for retirement →If you’re looking for solid financial-planning strategies and information about the savings tools available, this podcast is for you.
Without emergency savings in place, an unexpected car repair or job loss could force you into debt and derail your goals.
The Canada Pension Plan enhancement – Businesses, individuals, and self-employed: what it means for you
How does the CPP enhancement affect you →Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.
Discover the magic of compounding and why it's important to increasing wealth →The First Home Savings Account launched April 1st!
Deposit insurance protects your savings if your financial institution fails. The Canada Deposit Insurance Corporation (CDIC) automatically insures your eligible deposits. This applies to deposits held at CDIC member institutions in Canada.
Find out if your financial institution is a member of CDIC →A first home savings account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits). You will be able to open an FHSA starting April 1, 2023.
Saving can be hard but it all starts with one simple step.