Category: Saving strategies

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

The “Pink Tax” can cost women thousands each year

The Pink Tax causes women to pay more than men for some products

If you haven’t heard of the “Pink Tax” before, it refers to the well-documented phenomenon that women often pay more than men for similar items. This can be anything from clothing and personal care products, to haircuts and office supplies. A 2011 study by the University of Florida found that women typically end up paying … read more

Talking money with your Gen Z kids

Generation Z will soon outnumber Millennials and Baby Boomers

We hear so much about Millennials (those born in the early 1980s) and how their influence has reshaped our world. As the first wave of this cohort enters early middle age and their peak earning years, they will continue to exert a tremendous influence on everything from consumer spending to government policies. However, the next … read more

Study shows majority of women leave long-term financial planning to spouse

Women risk their financial health when they leave long-term financial decisions to their spouse.

Most of the day-to-day financial decisions are generally made by women. This includes shopping for the family, paying household bills and saving for short-term goals. But when it comes to long-term financial planning, a new global study by the Swiss multinational bank, UBS, shows that women are still largely dependent on their spouses.   What … read more

Tips for Saving Money in Canada: Paying Yourself First

Savings tips for Canadians from Ratehub.ca

We’re pleased to feature this guest post from Ratehub.ca on the Oaken Blog. http://www.Ratehub.ca helps Canadians compare financial products and rates from a single website.   Saving can be tricky. It’s easy to lose track of your finances while purchasing essentials, paying bills, and enjoying yourself – all factors that make sticking to your financial … read more

Making your will: the keystone of estate planning

One of the most ignored elements of personal financial planning is also the most basic: a will. A remarkably high number of Canadians don’t have a will, and in many ways that’s not surprising. Wills are associated with the end of life, which is never a happy topic for any family. On top of that, … read more