Guide to Personal finance, bank accounts, credit cards, credit scores, line of credit and loans

Get Free Checking account with $250 Signup bonus

Posted on Mar 21, 2021 in Bank Accounts

Simplii Financial is an online only bank(formely known as PC Financial) offering No fee chequing account and High interest savings accounts with signup bonus of $250.

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How to Buy Cryptocurrencies in Canada

Posted on Feb 13, 2021 in Investments

This post talks about How to buy cryptocurrencies such as Bitcoin and Ethereum in Canada. Compares features and currencies supported by top 6 crypto exchanges in Canada.

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All about Home/Tenant Insurance

Posted on Nov 15, 2020 in Insurance

House is the most valuable thing for most of the people. Regardless of how you maintain your house and how secure is your location, we need Home insurance to protect home and belongings from theft, damage and natural disasters.

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Credit scores

Posted on Oct 31, 2020 in

Credit scores are rating of how risky is to lend money to you. Ranging from 300-900 points, Higher the credit score, more trustworthy you are.If your score if very good, you will get approved for most of the applications and you will get low interest rate for your loans. Find what impacts your credit score and how to improve it.

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Busting Investing Myth Series - I am too young to start Investing

Posted on Sep 9, 2020 in Personal Finance

What is right age to start investing? You can invest As long as you are earning and old enough to open an adult bank account. Being young, you have something which most of people don’t have: Time

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Busting Investing Myth Series - Investing is Complicated

Posted on Sep 7, 2020 in Personal Finance

One of the main reason why people don’t invest is, They think Investing is complicated. But is it really that complicated for someone who transfer money and shops online

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Busting Investing Myth Series - Trading vs Investing

Posted on Sep 5, 2020 in Personal Finance

When you start investing for the first time, You try to buy stocks and as soon as it raises 5-10% you tend to sell them. In this case. Are you Trading or Investing?

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Busting Investing Myth Series - Investing is Exciting

Posted on Sep 3, 2020 in Personal Finance

In the world of boring jobs, People likes to spice up their lives by starting investing in stocks, But is Investing really exciting? Can Invesments make your boring life interesting?

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Busting Investing Myth Series - I need a lot of Time to Monitor my Investments

Posted on Sep 1, 2020 in Personal Finance

In Busy lifestyle, people complain that they don’t have enough time to monitor Investments and that’s one the reasons why people don’t invest. If you are into Investing in the world of ETFs, How much do you really need to start and stay invested?

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Busting Investing Myth Series - I need a lot of Money to Invest

Posted on Aug 30, 2020 in Personal Finance

When you ask people why they don’t invest, one of the common response you can hear is I am not Rich or I don’t have enough money. How much money do you really need to invest and when you shouldn’t invest?

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Busting Investing Myths Series - Buy Low and Sell High

Posted on Aug 28, 2020 in Personal Finance

Buy Low and Sell High is one of the famous saying in the investing world, It’s sounds simple, But is it really possible for an average investor? Does it work?

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7 Myths of Investing

Posted on Aug 26, 2020 in Personal Finance

There are lot of myths and misunderstanding about investing. In this series, we are going to see 7 such myths about investing

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Tangerine World Mastercard credit card

Posted on Aug 24, 2020 in Credit Cards

Already One of the best no fee money back credit card in the market got upgraded with more perks. In addition to 2% cash back on upto 3 categories, You will get free Boingo Wi-Fi, Mobile Device Insurance, Rental Car Insurance and Airport Loungekey access.

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Why is market going up when economy is at it's worst?

Posted on Aug 12, 2020 in Personal Finance

Reason why Market goes up in price because Cash is getting worthless due to inflation, Quantitative easing(Central banks printing money), Low interest rates. When there are no better way to make more money out of existing money you have, Money flows into Market. Also this pandemic did not affect everyone equally, while entry level jobs, retail and personal services jobs hit rock bottom, Tech and other while collar jobs came out unscathed. In addition to this, all the money saved from staying inside was pumped into market, Thanks to commission free Robinhood craze.

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Wealthsimple Trade Review

Posted on Aug 9, 2020 in Investments

Wealthsimple Trade is an online brokerage that allows you to buy and sell thousands of stocks and ETFs listed on Canadian and US Markets

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Posted on Jul 25, 2020 in Investments

This post talks about What is Cryptocurrency, How it works, How it differs from real world currencies and Should you invest in it?

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All about Life Insurance

Posted on Jul 7, 2020 in Insurance

This post talks about Life Insurance, Who needs it?, How much insurance you need?, What type you need? and where to get buy one?

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To Rent or Buy House?

Posted on Jun 21, 2020 in Personal Finance

We always hear something like ‘Renting is throwing away money’ and ‘Paying Rent is like paying somebody else mortgage’. Is Renting really wasting money?

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Power of Compounding

Posted on Jun 8, 2020 in Personal Finance

Compound Interest has three main factors. Money you can invest per month, return percentage and number of months you can stay invested. This post explains why systematic investment plan wins in the longterm.

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Send Money from India to Canada

Posted on May 30, 2020 in Remittance

This post about how to bring your money from India to Canada. There are numerous services to transfer money the other way But we have very less options to bring money from India to Canada.

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Active vs Passive Investing

Posted on May 30, 2020 in Personal Finance

This post defines Active & Passive investments and Compare them to find which is best for long term investment. Why fees play crucial role in your long term returns?

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Posted on May 17, 2020 in Personal Finance

Regardless of what the names say both TFSA and RRSP is for retirement planning. Considered them as buckets, You can store variety of instruments in them ranging from simple Savings Account , GICs, ETFs, Bonds and Mutual funds.

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Wholelife insurance

Posted on Apr 30, 2020 in Personal Finance

It is not wise to talk about Financial MLMs and not talk about the products they sell. There are tens of thousands of insurance associates who are part of one MLM or other. Almost all of them will sell you a Wholelife Insurance.

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Investing Basics

Posted on Apr 15, 2020 in Personal Finance

Many don’t invest regularly not because of lack of money but because banks, advisors has made a image that investing is complex and need expert guidance. In this post, we are going to see 1. When to Invest, 2. What to Invest in, 3. When to Sell

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How to Conquer Debt

Posted on Apr 3, 2020 in Personal Finance

Important part of any financial planning is paying off your debts. Regardless of how hard you work or how much you earn, Interest on your debt will eat away most of it.

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Budgeting Basics

Posted on Mar 19, 2020 in Personal Finance

Everyone needs a written budget regardless of whether you are living paycheck to paycheck, have a good emergency fund or rich. Budget helps you realize where your hard earned money is draining.

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7 Mistakes of Investing

Posted on Mar 19, 2020 in Personal Finance

These are seven of frequently made mistakes of investing. I have made almost all these mistakes and I learnt from it. But life is short for you to attempt to make all these mistakes yourself. We need to learn from other mistakes.

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Emergency Fund

Posted on Feb 3, 2020 in Personal Finance

It’s the fund you can dip into in case sudden unexpected expense such as Car breakdown, Appliance repair or Medical expenses not covered by your insurance. It also covers your day-to-day expenses in case of job loss.

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7 Baby Steps to Financial Success - Dave Ramsay

Posted on Nov 10, 2019 in Personal Finance

Rich dad poor dad is a great book to learn about personal finance. Even though it gives a good start to teach yourself about assets and liabilities, It doesn’t give you practical steps to take in you. For that, I recommend ‘The Total Money Makeover’ by Dave Ramsay. He lists the following 7 steps to achieve financial success

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How to Reduce Tax Deductions from your Paycheck

Posted on Nov 10, 2019 in Personal Finance

Do you look forward to tax filing season to get lump sump money from CRA? Learn how to reduce tax deducted from your paycheck by submitting the form T1213 to CRA.

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Vanguard ETFs for RRSP/TFSA

Posted on Aug 5, 2019 in Investments

Vanguard asset allocation ETFs offer much needed simplicity, diversity and self-balancing portfolio with just 0.22% fees. ( Compared to 1-2% fees with mutual funds)

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Lend money to Canadian small business

Posted on Aug 5, 2019 in Investments

Lend money to Canadian small business and earn 6% to 26%interest. Select from companies with risk rating ranging from A+, for the lowest risk, to E, for the highest risk. The higher the risk, the higher the interest rate

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ModernAdvisor - Low fee vehicle for long term investing

Posted on Jun 18, 2018 in Investments

Saving is good, Investing is better. Cash erodes in value when you keep it idle, Thanks to inflation a.k.a rising cost of living. Investing is like mode of transport to reach your goals. Some are costly, some take long time and others are risky.

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Motusbank - New digital bank offering High interest savings and Low interest loans

Posted on Oct 20, 2017 in Bank Accounts

Motusbank is new online only bank in the market offering No fee chequing account, High interest savings accounts and Low interest mortgage/personal loans.

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Free chequing account with credit union and get $300 signup bonus

Posted on Aug 4, 2017 in Bank Accounts

Get free chequing account with the credit union and get $300 signup bonus. Chequing account with coast capital savings comes with $0 fee, unlimited transactions at exchange ATMs and bill payments.

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MBNA True line card - Balance transfer at 0% for 10 months

Posted on Jul 3, 2017 in Credit Cards

Paying more interest on your credit cards? Need money for investment? Apply for MBNA True line mastercard. Transfer the entire balance to your savings account at 0% interest for 10 months.

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Tangerine cash back credit card

Posted on Jul 2, 2017 in Credit Cards

One of the best no fee money back credit card in the market. You will get 2% cash back on upto 3 categories and 0.5% on rest of the purchases. Cash back is credited monthly into savings account. No annual fee on the main and add-on cards.

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Tangerine Free chequing account

Posted on Jun 18, 2017 in Bank Accounts

Get $150 for opening account with Tangerine. No Fee checking account with unlimited withdrawals from scotia ATMs, No charges to bill payments or money transfers.

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Remitly - Fast money transfer to India with excellent rates

Posted on Jun 18, 2017 in Remittance

Remitly provides safe, affordable and fast way to send money to India. Remitly has best exchange rate and guarantees instant deposit to Yes bank, Axis Bank, HDFC and many more. It does not charge any free for transfer above $1000

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EQ Bank - Earn $25 and 1.7% interest

Posted on Jun 17, 2017 in Bank Accounts

If you are looking for high-interest savings account with no minimum balance or direct deposit requirements. EQ bank is the one for you. Opening this account also doesn’t incur a hard inquiry, and you’ll start earning 2% interest as soon as your account is set up!. One best thing about opening the account with EQ bank is that you don’t have to fill any paper application or pay a visit to a branch.

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BankingBlog Disclosure

Posted on Jun 1, 2017 in Personal Finance Disclosure

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