If you're thinking about starting to put money aside for your child's post-secondary education, RESPs are a great way to make the most of your savings. There are a number of reasons these accounts are so widely used, the main two being that your savings are tax-sheltered as they grow, and various government grants become available to you when you invest in an RESP.
Starting out as an investor can feel overwhelming, espeically when there are so many opinions about the best way to invest. While it may be tempting to listen to your coworker's advice when he talks about 'timing the market,' we promise you this is not a good idea. And if the 'risks of investing' your friend warns you about make you nervous, we can assure you that you have nothing to worry about when you're in it for the long haul.
Whether your child is a newborn or starting high school, thinking about saving for post-secondary schooling is overwhelming. With so many options on the market designed to help you save for education, choosing the right one can be tricky - especially when sales associates are trying to sell you their products.
When it comes to buying insurance, you’ve probably heard this expression before. While it would be great if you could, in fact, purchase insurance at the time of an emergency, it’s best to be prepared for the unexpected, no matter the likelihood of an event. This adage could be taken as a reminder to not neglect your insurance policies, but what does it really mean, and how does it relate to purchasing life insurance?