Category: Saving strategies

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

Why women need to save more for retirement

Women need to save more than men to ensure a comfortable retirement.

Saving for retirement is something we start hearing about as soon as we get our first full-time job. If your employer offers a workplace pension, contributions may be taken from your pay automatically. If you’ve paid off any outstanding student loans, you may have the extra funds to start thinking about saving money for when … read more

Are women better investors and savers?

Rubina Ahmed-Haq looks at the differences between men and women when it comes to saving.

We’ve all heard the phrase, “Men are from Mars, and women are from Venus”, essentially highlighting the difference in these two genders. But how does this thinking relate to money? Do female investors make different decisions then male investors? Are women better savers then men?   Women as Savers Dollar for dollar, women put away … read more

10 commonly asked GIC questions

Check out these 10 commonly asked questions about GICs and how to incorporate GICs into your savings plans.

At first glance, a Guaranteed Investment Certificate (GIC)may seem a very straightforward investment, but there’s actually a few things you need to consider before choosing a GIC. To help provide some insights into GICs, we’ve developed this list of the 10 most commonly asked questions. If you’re still unsure about anything here, we’d be happy … read more

A stay-at-home parent’s guide to retirement savings

Tips for retirement planning for stay-at-home parents.

We’re pleased to welcome Rubina Ahmed-Haq as a writing contributor to the Oaken Blog. Rubina is a highly regarded personal finance expert, and provides her thoughtful commentary for media outlets including the CBC and Global News. Rubina also writes for several magazines, and has her own website at alwayssavemoney.com. We’re especially excited to announce that … read more

Downsizing for retirees

Here’s what you need to consider if you’re thinking of downsizing your home as part of your retirement planning.

There are many key milestones in life: that first job, marriage, the birth of a child – even retirement. These events all bring about changes, and can lead to lots of questions. For those actively saving and planning for retirement, these questions are typically along the lines of “how much money do I need to … read more

Marc on staying true to his values

Socially responsible investing is a growing trend in Canada

By his own admission, Marc is a frugal individual. He also has a long history of trying to live in an environmentally responsible manner, and it is personally important for him that his investments align with his values and ethics. Marc may have been an early advocate for what we now refer to as Socially … read more