What’s the point of investing? Benefits, risks, and how to get started.
When you invest, you use your money to buy assets that may increase in value or generate income. Instead of keeping all your money in cash, you put some of it to work with the…
Category: Money & Economics
What’s the point of an RRSP vs. a TFSA? The differences explained.
The Registered Retirement Savings Plan (RRSP) and the Tax Free Savings Account (TFSA) are two of Canada's most popular registered accounts. Both can help you save and invest while reducing the amount of tax you…
What’s the point of RRSP contributions? Benefits and limits explained.
You may have heard that putting money into an RRSP (Registered Retirement Savings Account) can help you save for retirement. But do you really know how an RRSP works to support your retirement goals? The short…
What’s the point of paying yourself first? How this savings strategy works.
Paying yourself first means putting money toward your savings or financial goals before spending money on other things. Instead of paying your bills, spending on everyday expenses and then saving whatever happens to be left over,…
What’s the point of a sinking fund? Why you probably need one.
A sinking fund is money you set aside gradually for a specific expense you know you’ll have in the future. The idea is simple: instead of scrambling to find money when a large expense arrives,…
What’s the point of tracking your expenses? Benefits, examples, and how to start.
Tracking your expenses means keeping a record of how you spend your money. The goal is to understand where your money is actually going so you can make more informed decisions about your budget and…
What’s the point of a zero-based budget? Examples and how to get started.
The goal of a zero-based budget is to ensure that you have a plan for your money before you spend it. A zero-based budget is a budgeting method where you give every dollar of your…
What’s the point of the 50/30/20 budget rule? Quick tips to get started.
What's the 50/30/20 budget rule? The 50/30/20 budget rule is a simple budgeting method that divides your after-tax income into three categories: 50% for needs, 30% for wants and 20% for savings and debt repayment. The…
What’s the point of a budget? Benefits, tips, and more.
A budget is a plan for how you’ll use your money. It helps you see how much money is coming in, where it’s going, and whether your spending lines up with your priorities. The point…
What’s the point of free trade? Benefits, drawbacks, and real-world examples.
Free trade lowers trade barriers between countries, making goods more affordable and expanding markets. It's the idea that countries should be able to buy and sell goods and services with each other without unnecessary barriers like…