Posts by Robb Engen
Using Tax Free Savings Accounts In Retirement
Tax Free Savings Accounts are excellent savings vehicles for Canadians. They can be used for short term savings goals, or as part of a longer term retirement strategy. Canadians start building contribution room in their Tax Free Savings Accounts once they turn 18. Money can be withdrawn from a TFSA at any time, with no…
Read MoreBe An Owner, Not A Moaner
Nothing gets customers riled up like the announcement of a fee increase. Banks and utilities often draw the ire of customers, and for good reason. Canadians have been getting nickel-and-dimed by the big banks and utility companies for years Scotiabank and CIBC will increase fees on personal bank accounts beginning March 1st and April 1st,…
Read MoreShopping For Mortgage Rates: Fixed Vs. Variable
We had a really big decision to make before we moved into our new house last summer. Do we choose a fixed or a variable mortgage rate? The answer varies for everyone depending on their financial situation and tolerance for risk. According to the popular 2007 study by Moshe Milevsky, variable mortgage rates have saved…
Read MoreHow To Make A Better Personal Budget
When you combine proper expense tracking with a zero based approach; your personal budget becomes a powerful financial planning tool.
Read MoreRDSP: Registered Disability Savings Plan
An RDSP is an effective tool that can help families manage the financial costs associated with having, or caring for, someone with a disability.
Read MoreWill You Be Better Off Financially Next Year?
According to a recent survey, 36 per cent of Canadians think they’ll be better off financially next year compared to this year. Here’s why:
Read MoreIs A Long Commute Destroying Your Job Satisfaction?
For many of us, commuting to work is routine and causes little concern. Others, consider a long commute to be a waste of time and a source of stress and frustration.
Read MoreDebit Cards Are Costing Us Money
There are certainly benefits to using debit cards as our preferred method of payment. Unlike a credit card, you can’t spend what you don’t have. You can only spend what is already in your account.
Read MoreMBNA Canada’s Aggressive Marketing Tactics
MBNA Canada markets its MasterCard’s aggressively through direct sales, telemarketing, internet, and point-of-sale techniques.
Read More11 Steps To Financial Freedom – Step 11: Create Your Final Plan
The final step in our 11 steps to financial freedom series where we create our complete financial plan for the future.
Read More