Posts by Canadian MoneySaver

Thumbnail for Budgeting Tips for Everyone

Budgeting is essential in taking control of one’s personal finances and a first step to building savings. Here are 13 tips to help get you started.

Thumbnail for Essential Concepts for Saving

Saving money can be challenging, but it is an important financial habit to establish. In many ways, savings are the essential building blocks of personal finance. After all, you have to save money before you can invest it. Borrowing money, while it may certainly be helpful, is often done because one does not have enough savings to maintain a certain standard of living. In this post, we discuss key concepts to understand and characteristics to aspire for when trying to save money.

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Borrowing 101

 

Basic Terminology

Amortization Period – Length of time required to pay off a loan

Balloon Payment – A large payment that is required at the end of a loan which offsets reduced payments throughout the life of the loan

Beneficiary – The debt lender

Borrower – The individual receiving the proceeds from a loan<

Thumbnail for Saving 101 - A Canadian Money Saver Guide for Beginners
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Glossary

Registered Retirement Saving Plans (RRSP) - A tax deductible and tax-sheltered account that encourages people to save for their retirement and can be used for investments and savings.
 
Registered Education Savings Plan (RESP)<span style="font-size: 12pt; color: black; font-weight: normal; font-style
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Investing 101

 

Basic Terminology

WHAT ARE STOCKS?

  • Securities representing a share or ownership stake in a company. Stocks are usually accessible to the public. For example, you can buy shares in Microsoft (ticker: MSFT) to benefit from the dividends the company pays and growth of the share price as the business grows.

 

 

 

 

 

 

 

 

 

 

 

Thumbnail for Three years and 39 episodes later, we look back at our podcast journey.

In 2018, Lana and Ellen met at a personal finance conference and suggested, spontaneously, collaborating on a podcast. Since then, we’ve introduced you to thought-provoking and thoughtful money experts, bringing you their best advice and tips. It’s been a great ride.

Thumbnail for Cryptocurrency, Bitcoin, Ethereum and Blockchain with Fred Pye, Montrealer and President of 3iQ

Ellen Roseman speaks with Fred Pye, Executive Chairman and Chief Executive Officer of 3iQ Corporation about Bitcoin, Blockchain and Cryptocurrency. They discuss how Bitcoin is mined, the 3iQ CoinShares Bitcoin ETF - BTCQ and what investors, who are considering adding crypto to their portfolios, should think about.