FP | August 12, 2010
I hosted a baby shower lately and as we talked about the excitement of having a baby, I mentioned to the “mom to be” friend how the arival of a baby changes everything, including your financial lifestyle and spending habits too. Whatever you considered a “normal” life before now is over. Of course, reading books [...]
Category: Raising Children, RESP |
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Tags: Financial Plan, Term Life Insurance, The cost of raising a child
FP | February 9, 2010
While few Canadians may feel they don’t have enough tax-friendly savings vehicles, most ordinary working Canadians are well pressed even to maximize the contribution room they already have for their registered retirement savings plans. Unfortunately, personal contributions in RRSPs have declined for more than a decade and will continue to do so as Baby Boomers [...]
Category: Financial Knowledge, Money Management, RESP, TFSA |
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Tags: Financial Knowledge, Financial Plan, Registered Savings, RESP, Steps to financial independence, TFSA
FP | January 13, 2010
It’s that season of the year again when most of us want to make the most of our money by investing it in the right vehicle, helping us reach our dreams. As parents we want to do our best to help our kids start their life on a good ground. Since the TFSA was introduced [...]
Category: Financial Knowledge, Financial Plan, Raising Children, RESP, TFSA |
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Tags: Financial Plan, Personal Finance, RESP, Steps to financial independence, TFSA
FP | March 24, 2009
Did you know the average cost to raise a child to age 18 is about $163,000 according to Vanier Institute of the Family viewed April 21,2005. The truth is most of us don’t think about the cost when we decide to expend our family with children. Children are the most expensive but rewarding additions to [...]
Category: Financial Budget, Financial Knowledge, Raising Children, RESP |
6 Comments »
Tags: Canadian Government, Children, Debt, GESG, RESP, Term Life Insurance, The cost of raising a child, university fee, Will