Here’s why paying off your mortgage isn’t always the best idea – Consult with a Vancouver Mortgage Broker

It amounts to financial heresy to some conservative investors but paying down your mortgage early just might not be the best plan. Should you rent or own your home? People say that when you grow up, you buy a home. Who are these “people?” Your married friends, your parents and other grown-ups who ask: “Don’t […]

Balancing financial priorities as parents – Consult with a Vancouver Mortgage Broker

By Gail Vaz-Oxlade | MoneySense Where to draw the line between providing for your children and saving for your own retirement. Remember the line in Spiderman where Aunt May says, “You do too much…you’re not Superman, you know?” Some parents think they’re Superman. Determined to set their children off on the right foot, they commit buckets of money to helping […]

Five ways to save for your child’s education – other than RESPs- Consult with a Vancouver Mortgage Broker

ROMA LUCIW– The Globe and Mail Most Canadian parents know about RESPs (which doesn’t necessarily mean they have them) but few are aware of alternative ways of saving for their child’s post-secondary education, says a new report. The report, released Wednesday by the Bank of Montreal, says a study conducted last year found that 83 per […]

10 ways to be a better saver and investor

By Alison Griffiths Happy birthday Moneyville! For the past year, it has been chock-a-block with practical ideas for saving money and spending wisely. For me, one of the best aspects to Moneyville’s first year has been the tremendous response from you readers with your own financial suggestions and experiences. In keeping with Moneyville’s theme of […]

RESPs: Do you have one?

RESPs: Do you have one? When my kids were little ones, the RESP wasn’t the RESP we have today and I wasn’t convinced it was the best deal going. But over the past 15 years or so, the product has improved, the legislation has become more user-friendly, and the reasons to use it have become […]