One question that every young person should ask themselves is “How do I start saving for retirement?”. And another question that many older people may ask is “Is it too late to start saving for retirement?”. Of course, if more people asked themselves the first one, far fewer would end up asking the second. Many … read more
You’ve probably heard stories about how people have been able to save astonishingly large amounts of money, simply by throwing their spare change into a jar they keep on their dresser at the end of each day. With the rise in use of electronic payments these days, this approach to saving may now be a … read more
Bank of Canada interest rate announcements always attract significant media and public attention. That’s because interest rates have an impact on all Canadians. If you’re a saver, the prevailing interest rate affects how much your savings earn. If you’re planning to borrow to finance a large purchase, such as a new home or vehicle, the … read more
The High Interest Savings Account, or “HISA”, is often overlooked as a way to meet specific savings objectives. Which is understandable, as with so many ways available for savers to manage their funds, a humble savings account doesn’t seem to garner much attention. But keep in mind that a HISA is a unique form of savings … read more
