All year, we've been publishing stories designed to help empower you to make smart decisions with your money. Since November is Financial Literacy Month, we'd like to share a round up of five of our top personal finance stories to help you improve your financial literacy. We hope you enjoy the following stories about topics like: Canadian Pension Plan and retirement planning, Line of Credit, tips for moving in and personal stories on saving.
5 Personal Stories to Increase Financial Literacy
Written by Caroline Cakebread
You might think that the Canada Pension Plan (CPP) is an actual "pension plan" – after all, that's what it's called. But if you're relying on government benefits like the CPP to fund your retirement, then you probably need to rethink that plan.
Why Canada Pension Plan Shouldn't Be Your Only Plan
Written by Danielle Kubes
It's tough to read story after story about Canadians doing big things with their money, like paying off $50,000 of student loans, or saving a $200,000 down payment for a house in Toronto or Vancouver.
How I Saved 15% of My $30,000 Salary
Written by Anne Papmehl
Every now and then, we hear stories about people doing extreme things to save money. Several years back, there was even a show on television that featured people going to extremes for the sake of saving. I personally knew someone who lived a pauper's lifestyle and left an estate worth over 2 million dollars when he died.
What Extremely Frugal People Can Teach Us About Saving
Written by Preet Banerjee
A line of credit is similar to a credit card, in that it has a pre-set spending limit you can choose to use, or not, as needed. For example, if you open a $10,000 line of credit with your financial institution, that means you can borrow up to $10,000 any time. When you access funds from a line of credit, you'll start to incur interest charges from day one.
What is a Line of Credit?
Written by Sean Cooper
Congratulations, you're a homeowner! After you pop the champagne bottle to celebrate, you'll want to start planning your move. Moving can be a stressful time, but by planning ahead, you can help ensure your move goes smoothly. There are a lot of moving pieces (pun intended) when it comes to moving.
9 Things to Consider Before Moving In
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