Money Saving and Wealth Building Tips
Compound Interest and Debt
- Pay down non tax-deductible debt as quickly as possible
- Are you better off to pay down your mortgage, or contribute to an RRSP?
- Credit cards - How compound interest can work against you
Compound Interest and Building Wealth
- How much will you have if you save $1 per day?
- How much must be deposited today to have $1 million in the future?
Reducing Costs
- Save money by protecting yourself - see the government benefits and services pages for Canada and your province or territory, for links to consumer protection information.
- Cost cutting suggestions and estimated savings over 30 years
- Lower your insurance costs.
- Prescription prices are not equal!
- Private health care plans - cost may exceed benefits.
- Your loyalty points or frequent flyer miles can expire.
- Buying a vehicle
Government Benefits
- Child and family benefits provided by governments
Government-Assisted Saving
- Registered retirement savings plans
- Registered disability savings plans
- Registered education savings plans
Unclaimed Bank Balances
- Check to see if there are unclaimed bank balances that belong to you or a relative