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Will I ever be able to buy property? Financial Tips to get you ready

Will I ever be able to buy property? Financial Tips to get you ready

Home ownership dreams don’t always begin with an easy path forward. Some folks just aren’t financially ready when they start to think about owning and buying a home. Here’s the most important financial goals you need to achieve prior to your first home purchase

Why you shouldn't buy the worst home in the best neighbourhood

Why you shouldn't buy the worst home in the best neighbourhood

A common real estate narrative has gone that people should buy the worst house in the best neighbourhood, with the main expectation being strong value and appreciation. However, a growing chorus of contemporary real estate-tech experts are saying that this is simply not true.

When should I start saving in a Retirement Plan?

When should I start saving in a Retirement Plan?

Wondering when the best time to start saving in a Retirement Plan is? The answer is actually pretty simple: now!

Recovering from a Financial Setback

Recovering from a Financial Setback

Even the most well-planned and realistic budget can hit a hurdle. The hot water heater breaks on Christmas Eve. You come home from a vacation and your basement is flooded. I’ve dealt with all these financial setbacks, and more. While most financial planners recommend that you have a savings account to cover emergencies, that’s not always feasible. Need a few strategies to handle a financial setback? Read on.

Top tips for a sound family budget

Top tips for a sound family budget

Having kids, most people can't afford to live without a budget. Creating a sound family budget doesn't need to be complicated and you might even enjoy the reassuring feeling of control over your financial future.

Thinking of borrowing against your house to pay for renovations? Not so fast!

Thinking of borrowing against your house to pay for renovations? Not so fast!

In Canada and the United States, “HELOCs” are the method of choice when people want to improve their house. This is a line of credit secured against someone’s equity in their house. Here’s four important factors you should consider before taking this route

The most affordable Canadian places to rent in

The most affordable Canadian places to rent in

There’s bad news and good news for renters in Canada. The bad news is that Canadians in many parts of the country are spending too much of their monthly income on rent. The good news is that there are more affordable options. So where exactly are those affordable Canadian places to rent in? We’re tackling this question using two different data sources: Statistics Canada and the Canada Mortgage and Housing Corporation (CMHC).

The best private lending options for Canadian home-buyers

The best private lending options for Canadian home-buyers

Ever since Canada’s banking regulator tightened mortgage restrictions, more Canadians are turning their attention to other sources of funding.And for veteran or rookie Canadian real estate investors, or even ordinary first-time home-buyers, the alternative lending space can be a saving grace. 

Should I use my student loan as a down payment for a home? (Canada-focused)

Should I use my student loan as a down payment for a home? (Canada-focused)

The financing part of buying a home can be tricky whether you’re a first-time home buyer or an investor looking to strike gold on an lucrative deal. With Canada’s “20 percent rule” on down payments, finding a sizable chunk of cash can be a huge challenge.

Should Canadians turn to rent-to-own if they can’t get a mortgage?

Should Canadians turn to rent-to-own if they can’t get a mortgage?

Proponents call it a smart move for those boxed out of mortgage approval. Critics call it short-sighted. ‍Read on!

Is it smarter to rent or own in Canada’s biggest cities?

Is it smarter to rent or own in Canada’s biggest cities?

Whether you’re a fresh millennial with a good job, a family looking to level up or a retiree deciding where to downsize, choosing whether to rent or buy in one of Canada’s big cities is a true dilemma. There’s advantages and disadvantages to each, and no two people have the same situation. 

I need my parents to co-sign on my mortgage. Now what?

I need my parents to co-sign on my mortgage. Now what?

These days, the buying power of first-time homebuyers is far weaker than it was even five years ago. This situation forces people who still want to become house owners to ask their parents for money because they can and often will help their children.

It's Tax Season: How to Leverage All Your Family-Related Deductibles

It's Tax Season: How to Leverage All Your Family-Related Deductibles

It’s the time of year we all dread: tax season. And you can save money by doing them on your own.But for families, in particular, it’s important to be aware of the types of deductibles that are available to you so you can maximize your potential refund, or minimize what you owe. Here are some areas to look into.‍

How to ensure your family's financial future

How to ensure your family's financial future

As a parent, there is a lot to keep track of to ensure that your family stays healthy. From doctor’s appointments to nutritious food to plenty of fresh air and sunshine to limiting screen time. Parents today have a lot to do to protect their families. But one aspect of health that you should never overlook is your family’s financial health. Here are a few steps to help you make that happen. ‍

How to Ensure Your Family’s Financial Future? 

How to Ensure Your Family’s Financial Future? 

For most people, having kids changes one’s perspective on money. What you earn can disappear so fast you never get to see its color! Keeping a perspective on your future financial needs also has to be considered so that no matter what happens to you, your family will be financially safe and secure in the future. Here are some of the ways you could secure your family’s financial future. 

How this millennial "house-flipped" his way out of university debt‍

How this millennial "house-flipped" his way out of university debt‍

Brentin Hess seems like a normal 25-year-old who tweets about Washington sports teams and real estate. But the crazy thing is, this millennial probably has a higher net worth than the majority of people reading this. 

How much of a down payment will I need to put down? (Canada-focused)

How much of a down payment will I need to put down? (Canada-focused)

A mortgage can’t legally cover the entire price tag for the home. Thus, a down payment on a mortgage is the amount of money that you put upfront towards the purchase of the home. Your mortgage loan will cover the rest.

How do I improve my credit score? (Canada focused)

How do I improve my credit score? (Canada focused)

When we're younger, only a few of us really understand the importance of credit. While some of us will refuse the bank offers to receive a credit card, some others get a credit card with next to no knowledge on how to use it. Truth is, building good credit can literally change your life for the better.

How can I get a mortgage if I'm self-employed?

How can I get a mortgage if I'm self-employed?

Freelance Canadians everywhere breathed a collective sigh of relief when the Canadian Mortgage and Housing Corporation (CMHC) announced in the summer of 2018 that it would make it easier for self-employed people to get mortgages. This will make it easier for the millennial generation to become homeowners, and a strong homeowning culture is generally good for the economy. ‍

Home Insurance: 6 Important Selection Criteria

Home Insurance: 6 Important Selection Criteria

When you buy a new home, thoughts of renovating, entertaining friends, and decorating swirl around your head. The last thing you want to think about is home insurance. But it’s a necessity. And the options can be overwhelming. Here are 6 important considerations to make, starting from some of the most important ones that apply to virtually every customer, to others that might be important for you, depending on your situation.

Do women need to save more for retirement? Unfortunately yes, experts say

Do women need to save more for retirement? Unfortunately yes, experts say

Few would argue with the notion of disparity between the way men and women are treated in the workplace. Concepts like the glass ceiling illustrate barriers women face, while wage gaps between the sexes are all too real. But here’s one you may not have thought about: women are (theoretically) forced to save more for their retirement than men.

Canadian millennials are delaying having kids due to money worries

Canadian millennials are delaying having kids due to money worries

About 20 percent of Canadian millennials say they won’t have kids anytime soon because of their financial situation, according to a new study released by accounting and advisory services firm BDO. Here’s why family planning shouldn’t be ruined by finances 

A dozen ways to kill wealth - Cut these habits out of your life

A dozen ways to kill wealth - Cut these habits out of your life

How you can easily destroy wealth, and how to avoid the traps? Making intelligent decisions about your money won’t work if you aren’t willing to exercise more self-control. Here’s 12 habits to kick out of your life.

6 ways to build personal wealth 

6 ways to build personal wealth 

Increasing personal wealth doesn’t happen overnight, and it almost certainly will involve dedication, focus on long-term goals and hard work. But there are several widely-accepted routes to financial independence that you might consider. 

5 of the best money-saving apps for Canadians

5 of the best money-saving apps for Canadians

Saving more money and taking control of our finances is about more than cutting out Starbucks. One solution is to automate savings, and that’s what several Canadian, American and European-made apps are offering users in Canada. Here’s our best bets:

Life Insurance: Why do you need it?

Life Insurance: Why do you need it?

For some, life as a single, independent young adult was so easy. Having not many responsibilities, low spending needs along with a nice disposable income is an exciting time in life. As life goes on, people get married and have children and their spending needs probably have evolved. The same might apply to you and if so, it might be the time to think about getting that life insurance you’ve been meaning to get. 

Why is applying for life insurance online better?

Why is applying for life insurance online better?

It’s not an understatement to say that the internet, and phones which can do practically anything, have revolutionized our lives. We can order food from restaurants around town through a few taps on our phone’s screen. Parents can set up standing deliveries for diapers and wipes through an online retailer. With so much of our lives lived online, it just makes sense to apply for life insurance online, too. If you’ve been thinking about purchasing a life insurance policy, but haven’t wanted to deal with the hassle of forms and phone calls, read on to discover why applying for life insurance online is better. 

Whole vs. Term Life Insurance

Whole vs. Term Life Insurance

If you're like most people, your experience getting life insurance can be resumed to clicking the button to sign up for your employer’s group policy and forgetting about it. But as life goes by and you get a spouse and kids, you might want to up your coverage. As you inform yourself on life insurance, one of the first choici you will have to make is to decide between term and whole life insurance.‍

What Should I Expect when Applying for Life Insurance?

What Should I Expect when Applying for Life Insurance?

How do you know you’re an adult? Is it getting married, buying a house, or thinking ahead and buying a life insurance policy to protect your future? Applying for life insurance falls squarely in the realm of ‘adulting,’ but it’s not as painful a process as you might think. Knowing what to expect before you walk into a meeting, pick up the phone, or log in online to apply, will make the process even less painful. So, what should you expect when applying for life insurance?

What is AD&D Insurance?‍

What is AD&D Insurance?‍

Looking into your various options for life insurance can be confusing. Whole vs. term. Mortgage insurance vs. life insurance. Life insurance vs. accidental death insurance. Determining the type of coverage you need will depend upon your life circumstances, and determining the amount of coverage needed may depend upon your budget. During the process of researching insurance you may have stumbled across something called accidental death and dismemberment insurance (AD&D) and wondered if it’s something you need. Read on for everything you need to know about accidental death and dismemberment insurance.

What is a Joint Life Insurance Policy?

What is a Joint Life Insurance Policy?

If you’re a couple shopping for a life insurance policy, you probably already know that you should both get coverage. Life insurance policies protect families from the unexpected and worst-case scenarios. Because you can’t predict who might die first, or under which circumstances, it’s always a good idea to insure both of you. 

What Happens when my Term Life Insurance Policy Renews?

What Happens when my Term Life Insurance Policy Renews?

Sold as a chunk of time such as ten, twenty or thirty years, term life insurance policies will eventually come to an end. But what happens when it does? Read this article to find out!

What every parent needs to know about life insurance

What every parent needs to know about life insurance

If you’re considering life insurance for your family now that you have a baby or young children, here’s what you need to know. 

What is a Life Insurance Premium?

What is a Life Insurance Premium?

You pay a monthly mortgage payment, or rent, for a place to live. A car payment for a car to drive. It’s easy to tell what you're getting for your money - shelter and transportation. Some transactions aren’t as clear, like life insurance. What are you getting for a life insurance premium? And what is a life insurance premium, anyway?

The Big Picture of Life Insurance

The Big Picture of Life Insurance

We believe every family deserves a secure financial future. Find out more and start planning today!

Should I buy my life insurance online?‍

Should I buy my life insurance online?‍

Buying life insurance isn't always easy. But buying online could save you time and the hassle.

3 Common Misconceptions about Life Insurance

3 Common Misconceptions about Life Insurance

If you’re thinking about buying life insurance for the first time, you probably have internalized a few misconceptions about why you need life insurance, how much it costs, and the process of buying a policy. Below we address three common misconceptions about life insurance.

What’s the Right Life Insurance for Millennials?

What’s the Right Life Insurance for Millennials?

It’s hard to pin down the definition of a millennial. The date ranges vary but tend to be around 1983-2000, though some pollsters shift it a little earlier. Millennials have faced different financial challenges than earlier generations, from student loan debt to a difficult job market to raising house prices. With all those challenges, life insurance might not be top of mind. 

Milennials and Life insurance

Milennials and Life insurance

Why do we love millennials? Because they continue to and already have changed the world for the better. They’re brilliant, hard-working people who deal with mass amounts of information on a daily basis and still manage to get the kids to daycare on time in the morning.

Can I buy life insurance while pregnant?

Can I buy life insurance while pregnant?

If you’re like many adults, you didn’t think about applying for life insurance until a major life event such as marriage or a pregnancy. If you’re bringing a new life into the world and worry about providing for them, you may have just realized that life insurance isn’t optional for your peace of mind. But can you apply for life insurance while pregnant? Are there any restrictions or will your policy cost more? ‍Here's an article to help you answer your questions.

The Life Insurance Payout Explained

The Life Insurance Payout Explained

Buying a life insurance policy is a funny thing. You’re paying for something that you secretly hope you’ll never use and having discussions about possibilities that you hope never occur. But life isn’t predictable and when it comes to protecting our family and loved ones that monthly premium buys more than coverage; it buys peace of mind.

Is Life Insurance From Your Employer Enough?

Is Life Insurance From Your Employer Enough?

So your company provides life insurance, and you feel pretty secure that you’re covered through it. But are you really? Let’s delve into some scenarios.

I have mortgage insurance, should I also buy life insurance?‍

I have mortgage insurance, should I also buy life insurance?‍

When considering buying an insurance policy all the different options can be quite confusing. For example, if one already has mortgage insurance, is life insurance also necessary? What about vice versa?‍ Read this article to find out more!

How Much Life Insurance Do You Need?

How Much Life Insurance Do You Need?

We believe every family deserves a secure financial future. Getting life insurance may seem like a complicated thing but it really isn’t. There are only a few things to know for the process runs smoothly and easily.

Guide to Life Insurance

Guide to Life Insurance

What is life insurance, what does it cover and how much should you get? This article will go through the basics of life insurance, an important part of a well-thought-out financial plan.

Getting a Life Insurance Payout

Getting a Life Insurance Payout

As part of a good retirement planning, you should consider purchasing a life insurance policy. We never plan on passing away at a young age but in the event it happens, dealing with the loss of a family member can turn into a full-time job. In the midst of it all, you would be thankful to have a life insurance company that will make it easy for your beneficiaries to collect the death benefit

Do both parents need life insurance?

Do both parents need life insurance?

Starting a family, buying a new house, or having another child; there are many reasons to think about purchasing life insurance. You want to protect your loved ones’ futures and everything you’ve worked so hard to build. While before you may have just checked the box to sign-up for your employer’s life insurance policy, buying your own policy makes a lot of sense. In the midst of looking into all those options and gathering quotes on premiums, you and your partner might wonder if you both need life insurance. After all, you could save money by paying just one set of premiums. Here all the reasons that, yes, you both need a life insurance policy. 

How does critical illness coverage work?

How does critical illness coverage work?

If you’ve been diagnosed with a life-threatening illness, your doctor or healthcare provider might have suggested critical illness coverage. Critical illness insurance intends to offer support and help during a difficult illness. Policies contain a core group of diseases that they cover, and you can often purchase the ability to add on other diseases. If your family has a strong health history of cancer or another condition, you might want to consider buying critical illness coverage. 

Buying Life Insurance for Children

Buying Life Insurance for Children

If considering the worst case scenarios when purchasing life insurance as an adult is difficult, it’s ten times harder when you’re buying life insurance for a child. No parent wants to even entertain the thought that something could happen to their child. Sometimes the purpose of buying life insurance for a kid is to make sure they can get coverage when they’re older.

When is the best time for a woman to apply for life insurance?

When is the best time for a woman to apply for life insurance?

Life insurance companies consider many factors when calculating how much coverage you need and what your premium will cost. Age, health status, income, and gender factor into most company’s risk charts. With all those different things to think about, when should a woman apply for life insurance?

5 Misconceptions about Life Insurance

5 Misconceptions about Life Insurance

There are many misconceptions about applying for life insurance, so let’s clear up a few of them. 

3 reasons why you should buy life insurance

3 reasons why you should buy life insurance

In the event of an untimely death, especially with young children still in the house, life insurance can mean the difference between your family falling into truly desperate times or them being able to maintain a semblance of a normal life.