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Borrowing Money to Save for Retirement: Should you do it?
Borrowing Money to Save for Retirement: Should you do it? Why You shouldn’t borrow for your RRSP? Saving for retirement is important and the sooner you start, the more money you’ll have when you retire. Putting money into an RRSP is a great idea, but what if you don’t have the money to do so by the…
Read MoreLiving PayCheque to PayCheque? Say No To Pay Day Loans!
Living PayCheque to PayCheque? If you’re living pay cheque to pay cheque and worry about running short on money to cover your expenses, a pay day loan can seem tempting. However, it’s important to understand the high interest rates and charges that come with pay day loans. You could easily end up paying far more…
Read MoreNeed money? Credit cards vs. Personal Loans
Need money? Credit cards or Personal Loans When you need money, it’s easy to apply for another credit card. Credit cards are easy to get and even easier to use. It’s quick, simple and convenient to simply swipe or tap your card to pay for your latest purchases. However, many credit cards have very high interest…
Read MoreBenefits of RRSP
Benefits of RRSP At this time of year, many people are starting to put together their yearly income taxes and thinking about putting some additional money into their RRSP. An RRSP (or Registered Retirement Saving Plan) is a type of investment account that is designed to help people save for retirement. But is it better…
Read MoreHoliday Budgeting Guide
Holiday budgeting 101 Know your expenses. The Holiday shopping guide The average Canadian is expected to spend between $1200 and $1800 this holiday season. This includes gifts, travel, decorations and entertainment for the holiday season. Those holiday costs can certainly add up and put a strain on your budget. The good news is that you…
Read MoreWhere to Cut Costs To Save Money Before the Holiday Season
Where to Cut Costs To Save Money? There’s only a month to go before the holiday season kicks in. We know that this time of year can be a strain on finances, but it doesn’t have to be. If you start saving now, you’ll have a jump start for the holiday season! You’ll have more…
Read MoreBankruptcy or Consumer Proposal – which one is the right option for debt solution? Part 2
Bankruptcy or Consumer Proposal – which one is the right option for debt solution? Part 2 Are you drowning in debt? If you are living pay cheque to pay cheque, or find your financial situation hard to control. Then you may need professional help regarding Two of the most common options to get out from…
Read MoreBankruptcy vs Consumer Proposal in Ontario? Which is the right one for you? Part 1
Bankruptcy vs Consumer Proposal? Which is the right one for you? Part 1 First part of Prudent Financial’s video series: Bankruptcy vs Consumer Proposal ? Choose the right debt management solution. Too much debt! Need a way out? Know the difference between bankruptcy and consumer proposal. Learn, which one is better bankruptcy or consumer proposal?…
Read MoreHome Equity Loan or Second Mortgage: How does it work? Part 1
Home equity loan or second mortgage ? which one is a better option for you? Need some money? Make you home to work for you in times of need. There are many options of borrowing against your home. However, what suits your financial situation and need? In this video Prudent will try to differentiate between…
Read MoreAvoid identity theft in Canada Part 2
How to avoid identity theft in Canada ? Part 2 Awareness is the first step to fight cyber crime. Share this video to inform your friends and family. Learn to how to avoid identity theft in Canada. This the second part of this popular video series. Identity theft can destroy the future lives of innocent…
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