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Category: Saving strategies

Tax Free Savings Account: The basics

Rubina Ahmed-Haq explains the basics of a Tax-Free Savings Account.

The Tax-Free Savings Account (TFSA) turned ten this year and since 2009 everyone in Canada over the age of 18 and who has a valid social insurance number (SIN), is eligible to open a TFSA. However, despite being around now for a full decade, many Canadians still don’t understand how a TFSA works and how … read more

Money rules I live by

Read the latest from financial expert Barry Choi in the Oaken Blog.

Growing up, I was fortunate that my parents taught me some of the basics when it comes to finances. It’s not like they had a ton of money or worked in the financial services industry. They were immigrants who understood the value of a dollar and passed those values down to me. The truth is, … read more

6 ways to start saving on your monthly bills

Check out these ideas for how you can save on your monthly budget.

Creating a monthly budget is one of the best things you can do to help you successfully save for a goal. A budget not only tracks your spending each month, it also makes it easier to review each individual expenditure. When reviewing your monthly budget, be sure to take a close look at those recurring … read more

Celebrating Financial Literacy Month

A recent survey shows that the majority of Canadians feel they are not financially knowledgeable.

November is Financial Literacy Month, and we’re doing our part to help spread the word. This initiative was started by the federal government in 2012, and is led by the Financial Consumer Agency of Canada (FCAC). Improving your financial literacy is an important step in taking command of your affairs, and we’re joining with other … read more

Money tips for returning to work after maternity leave

Rubina Ahmed-Haq discusses what you need to consider as you prepare to return to the workforce following maternity leave.

Going back to work after maternity leave can be a big adjustment. After all, you’ve probably spent every day of the last year with your precious new baby. With all the emotions that come with going back to your job, there’s a financial aspect to consider as well. You’ll be earning a full paycheck again, … read more

Pre-baby financial planning

Rubina Ahmed-Haq has some great advice to help you understand your maternity leave options.

You just found out you’re having a baby. Congratulations! This can be an exciting time as you prepare for the new bundle of joy to enter your life. This is also the best time to take a good look at your personal finances and make adjustments now for what is inevitably going to be an … read more

How my wife and I saved a $200,000 down payment

Saving the required down payment can be a major obstacle for first-time home buyers. Here’s how one couple did it.

A couple of years back, my wife and I became first-time homebuyers. This itself isn’t anything special since many Canadians own their homes, but what people are shocked to hear is that we had a down payment of $200,000. Most people assume that we had help from our parents (which we did), but the majority … read more

Women should save as if single (even if they’re not!)

Advice for women from personal finance expert Rubina Ahmed-Haq – Save as if you’re single, even if you’re not!

When it comes to household finances, many women rely on their partners to take care of their future financial needs. But a new book wants to change women’s attitudes when it comes to saving for the future. Called “Bank on Yourself: Why Every Woman Should Plan Financially to be Single, Even If She Is Not”, … read more

Personal finance tips for back to school season

Read Ratehub.ca’s guest post on the Oaken Blog for managing your finances now that it’s time to head back to school.

Welcome back to school. As you fret about the full-time slate of syllabi you just received and the huge word counts on those term papers that are due impossibly soon, let us help you address another fret many students have around this time of year: money. Being broke and being a student often go hand-in-hand, … read more

Age-proofing your portfolio

You should regularly review your portfolio’s asset weighting to ensure your risk level is appropriate for your age and life stage.

It’s only to be expected that our priorities change as we age. Whether just starting out in the workforce, raising a family or nearing retirement, the different stages we experience throughout our lifetime determine the decisions and actions we take. The same holds true when it comes to investing, and this is why it is … read more