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How To: Credit Repair

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Not everyone is born knowing how to balance a budget or save for retirement . Many people, when it comes to financial planning, just close their eyes and cross their fingers. For those people, the first push towards educating themselves about finances often comes when disaster strikes: say, they are refused a mortgage . Bad credit can sneak up on you. You miss a credit card payment here , you …

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Saving Money With Fuel Efficiency

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Last December, the media and data company Bloomberg estimated that the average Canadian spent a little under three percent of their income on gasoline in the fourth quarter of 2014. While gas prices are lower than they have been in years, you are still probably spending more than you need to on keeping your vehicle fuelled. Even if you don’t have money in the budget for a more fuel-efficient car, …

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Couponing For Fun And Profit

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Coupons, coupons, coupons! The word “coupon” comes from the French couper , meaning “to cut”, and it’s very appropriate: coupons are great for cutting your grocery bills . Redeemable for money off or even for free products, you can save a bundle by clipping before your trip to the store and arriving with a bundle of them. But where do savvy shoppers find their coupons? With a bit of research …

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Common Resume Mistakes

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We have already covered how to secure a pay rise here, but what if you don’t even have a job yet? For many Canadians, particularly those just about to leave education, getting a job is the single biggest factor in improving their financial outlook. After all, the bigger the income column, the easier it is to build a successful budget (unless it’s windfall income , which poses some unique challenges). …

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Managing Your Financial Documents

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A filing cabinet is one of the most important tools that any financially-literate person can have. While electronic records are getting more and more common, we are still a long way indeed from a paperless society. Your tax receipts and utility bills need to be kept safe and accessible, and a filing cabinet is the perfect place to organise them. But it’s also possible to go too far. Not every …

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Valentine's Day On A Budget

With Valentine’s Day approaching rapidly, what are your plans? With the average price of a movie ticket sitting at around $8, the traditional dinner-and-a-movie can take a big chunk out of your entertainment budget. No-one wants to look cheap, but you don’t have to spend money to have fun. If you need to put together an impressive date night for an unimpressive price, this guide will give you some romantic …

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The Stock Market

RRSPs and TFSAs are great places to put your savings, but they are not the only options. Making smart investments in the stock market is a great way to diversify your portfolio and make some money. This guide will not turn you into the Wolf of Wall Street, but it should show you that getting started in the stock market isn’t difficult. So, where should you start?

  • Set your expectations. …

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Understanding Canadian Sales Tax

When you go shopping, it can be difficult to know how much more than the sticker price you will be made to pay. Like other taxes, figuring out the Canadian sales tax system can be very complicated. How much do you have to pay? What do you have to pay for? Where does that extra five to fifteen percent of your bill go? This guide will answer those questions. Federal …

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How To Choose A Financial Advisor

It’s a sad fact that most Canadians are not very well educated in personal finance. Even if you know your ETFs from your TFSAs, though, it can sometimes be useful to have a second pair of eyes. This is where financial advisers come in. Whether you want to reduce your debt burden , invest your inheritance wisely , or get the best value for money in the property market, a …

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How to Build a College Fund for Your Child

In 2013 and 2014, the average cost of one year’s tuition at a Canadian college was almost $6000. Students also face high and rising costs for textbooks, study materials, accommodation, and other living expenses. The cost of education is expected to rise every year for the foreseeable future, so it is more important than ever to make smart financial plans for your children’s post-secondary education. Luckily, there are tools that …

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