It does take some effort and the desire to make choices but reaching financial goals can be quite straightforward. Here is a quick ‘how-to’.

What is an RRSP? What is a TFSA? What can they be used for? A RRSP is a Registered Retirement Savings Plan and a TFSA is a Tax Free Savings Accounts. They are similar in some ways and quite different in others.

Part 2: How to calculate how much annual income you’ll need. Take a moment to review your estimated retirement expense budget. Have you included needs, wants and lifestyle expectations? Have you included large items such as vehicle replacement or home maintenance? Once you’ve included them, calculate the total annual amount. (Note that this is an […]

This is a big question and whether you’ve started to save for your retirement or not, the mere thought of it can cause anxiety. Next week Dear Piggy Bank will explore this topic and provide some useful tips to make informed decisions and get started including how to calculate what you will need, determine what […]

Managing your finances doesn’t need to be complicated or take a lot of time. Here are some tips and tricks to make money management easier.

Do you receive a bonus at this time of year? Many organizations reward their employees with salary bonuses and while it’s true that the money is welcome over the holiday season, you may not be maximizing its potential.

Weekends away are so much fun! Whether it is skiing, camping, shopping or visiting, it feels like a proper break from work. After having children, the logistics and destinations change quite a bit but one thing doesn’t…how quickly the cost can add up. Even if you carpool and share meals and accommodation, you typically spend […]

As a result of new Canadian legislation, credit card companies must show the amount of time it will take to repay the amount owing on the credit card if only the minimum payment is made. It is calculated on the current balance.

This may sound like an oxymoron but it is actually an art. Most of us have some idea of what things cost and what we are prepared for them. There is also the question of whether you are receiving good value for what you spend.

Financial Planning may seem like a scary concept. It doesn’t have to be. You can begin with a basic financial plan and develop it as you go. As long as you start with a good foundation you will be able to add on to your basic money management house as your needs become more sophisticated. […]