Found 3 blog entries tagged as savings.

Buying your first home is a significant milestone and a dream for many Canadians. It’s not just about finding the perfect property; it's also about ensuring you're financially prepared for this life-changing investment. Being ready to take this step involves more than just browsing listings. It requires a keen understanding of your financial standing and planning for the responsibilities of homeownership.

Credit Score and Credit History

Your credit score plays a vital role in securing a mortgage with favorable terms. Lenders use this score to evaluate your creditworthiness, determining the interest rate and the loan amount you qualify for. Regularly monitor your credit report to identify and rectify any discrepancies. Maintaining a good credit…

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We’re all looking for ways to save money. A good first step to build your savings account is to lower your cost of living. Whether your savings goals include a down payment on a home, an emergency fund, you want to save for retirement, or you simply need more money each month to cover your expenses, these small but impactful saving tips can help you find money – potentially lots of money! – in the long run. Consider these tips to help you put money away and start saving!

How to save money in 5 simple steps

Start a carpool

Those who drive to work everyday end up spending thousands of dollars on gas each year. Starting a carpool is an easy way to spend less on gas every week. Not only are…

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Putting together the funds for a down payment often takes time and a solid strategy that goes beyond tucking a few dollars away each month. Luckily, Canadians have access to a number of investment savings accounts that can optimize their savings towards homeownership. 

Unlike a standard savings account, an investment account offers specific tax and interest benefits a regular account won’t have, making an investment savings account more advantageous when building for a down payment. For instance, Jessica Moorhouse, a millennial money expert and accredited financial counsellor, explains the longer you plan to save for a down payment, the more appropriate it is to invest your money, rather than keep it in an account that’ll gain very little interest…

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