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

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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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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TFSA vs RRSP

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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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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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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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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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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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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