Category Archives: Saving
RBC Savings Accounts
Today I was interested in what RBC has to offer in terms of savings accounts. I am not generally in the loop on what is available so I thought learning about it might be beneficial. Below is a summary what … Continue reading
How Long Will It Take To Double Your Money?
Have you ever wondered how long it will take to double the value of your investments at your current rate of return? Wonder no more, because I’ve thrown together the below chart. The chart really illustrates the power of compounding … Continue reading
Registered Education Savings Plans (RESPs) – How They Work
What is an RESP? An RESP is a savings vehicle used to save money to support the post secondary education of a Canadian child. There are three parties to an RESP, the subscriber, the beneficiary and the promoter. The subscriber … Continue reading
Online Auto Insurance Quote Comparison Tool
My car insurance policy is up for renewal soon so I decided to do some shopping around on the internet to see if I could find a better deal. One thing that I learned right away about shopping for car … Continue reading
Cheap Caribbean Cruise Vacations
Looking for a cheap caribbean cruise vacation? Here are some tips I have learned over the years to cruise as affordibly as possible. 1) Travel in October, November and early December when cruise prices are the lowest. Prices seem to … Continue reading
Defined Benefit vs. Defined Contribution Pension Plans
There are two types of registered pension plans out there; defined benefit and defined contribution. Employers tend to offer one or the other. What is the difference between the two? I anticipate many have asked the question. Defined Benefit Pension … Continue reading
10 Tips To Save On Car Insurance
Car Insurance. A necessary evil if you own a vehicle. Its probably a safe assumption that nobody enjoys paying for car insurance as it can make up a sizable component of your monthly expenses. To boot, it seems in recent … Continue reading
Comparison Between RRSPs and TFSAs
I often see questions on the differences between RRSPs and TFSAs in various internet forums and blogs. To help sort of the differences I have compiled a quick cheat sheet that compares the two investment vehicles. RRSP TFSA Is There … Continue reading
Tax Free Savings Account Calculator
In a previous post I investigated what it would take to accumulate 1 million dollars with a tax free savings account. To perform my analysis I developed a TFSA calculator in excel. To conduct your own TFSA analysis I am … Continue reading
How To Become A Millionaire
What does it take to become a millionaire? To most folks 1 million dollars is a lot of money and the thought of being a “millionaire” often seems unattainable. Today I set out to determine just what it would take to reach … Continue reading
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Rob
I think you need to read the notes. The estimate assumes you will maintain your present earnings. I...