How Much of My Income Should I Save?
Saving is an important aspect of personal finance. By saving, you can achieve your long term financial goals and obtain the more expensive things in life that you have always wanted. Since saving is so crucial, the question now becomes, “how much of my income should I save?” The answer… Read More
How to Put Your Finances First as an Adult Living With Your Parents
Buying a house and even renting an apartment can be super expensive these days, especially if you live in certain cities in Canada. Take Toronto, for example, where the average home price is a whopping $824,336, and rent is still pretty steep at $2,550 for a 2-bedroom unit. Read More
How to Start Saving When You Have Too Much Debt
It’s nearly impossible to meet someone who doesn’t have some amount of debt, no matter how much or how little. In fact, the average Canadian consumer has almost $9,000 in debt, not including any mortgage debt they might have. You likely have plenty of debt… Read More
What to do When You Over Contribute to Your TFSA
If you want to save money tax-free for your future, the TFSA is for you. It is a great way to let your money grow and mature in a tax-free manner. However, don’t just throw money in there without a care or thought, or you will find yourself… Read More
What to do When You Over Contribute to Your RRSP
An RRSP is a wonderful tool to help you save more money for retirement. However, there are some rules when it comes to contributing to an RRSP that if not followed, you can find yourself in some trouble. But, before you go into… Read More
Is it Better to Deal With Your Debt or Save Your Money?
This is one question that you’ll likely have to ask yourself, time and time again, as you start making bigger, more important financial decisions over the course of your life. In fact, as you’re reading this, many people across the country are trying to figure out what’s more… Read More
10 Ways to Live in the Present While Saving for the Future
Do you want to live your life on your own terms, without racking up credit card debt? There is a way you can live life to the absolute fullest, while still saving your money for the future. The secret is buying what you want, within reason, but in… Read More
10 Things to Stop Buying Right Now
It’s human nature for people to walk into a store and want something. Whether it’s a freshly baked muffin from a coffee shop, new clothing from a retail store, or even a new book from Chapters, buying and using items is a part of life. That being said, there is,… Read More
Financial Advice That Has Stood The Test of Time
At Loans Canada, we’re always trying to give you the best advice possible, in the interest of helping you secure a solid financial future. However, any knowledge that we’ve dished out over the years had to come from somewhere. In fact, it’s likely that the majority of the… Read More