A layoff is a traumatic experience. I experienced it first hand, 9 years ago, roughly a year after migrating to Canada.
In the Philippines, there’s no such a thing as lay off, well at least before the pandemic hit. I was never laid off from a job before. Like most people experiencing this surprising event, my initial reaction was to panic. Realizing that I could qualify for Employment Insurance (EI), I panicked less but I needed to come up with a plan fast!
Losing a job means losing your income source, and you have to be quick to get another one to maintain your household’s financial security.
In Canada, being laid off is just part of the game, yes, even after your probation period. If the company you work for experiences some difficulties, the lower-ranked employees are always the first ones to go.
It’s true, Canadians pay one of the highest banking fees in the world, and if you’re looking to break free from the shackles of these high chequing account fees, this article is crafted, specifically for you!
Yes, many of us here in the far North have grown tired of paying the high banking fees the big names in banking charge us to “borrow our money”. Luckily for us, free unlimited chequing accounts are actually available in Canada.
A free unlimited chequing account offers customers all these services without charging them banking fees – which means you can save money on your day-to-day banking while getting most of the same benefits big banks charge you for!
To find out more information on each free unlimited chequing account available in Canada, take a look at our top 12 list below. There’s something for everyone in this comprehensive guide.
If you’re in the market for new furniture, then you probably know that there are a multitude of decisions to make. From size, quality, color, and more… you just have so many options that it’s really hard to make the right decision, but is financing furniture a good idea? To finance or not is the most important decisions among all your furniture purchase decision making road blocks. Furniture in Canada can be quite expensive compared to the rest of the world, especially if you’re buying high-ticket items like couches, beds, and dining tables. And since, it’s such an expensive purchase, most Canadians won’t have cash readily available for outright furniture purchase. Knowing this fact, the furniture stores came up with furniture rent to own schemes to “help Canadians buy the furniture of their dreams”. For many, this may seem like the best option as it allows you to make major furniture purchases without having the cash upfront. Yes, take this home for a fairly low monthly payment. I’m pretty sure you came across one of these offers and you may not be 100% convinced as to whether or not financing furniture is a good idea, so you decided to make a quick google search on the subject. Just like any major financial decision, there are pros and cons in financing furniture. The answer isn’t so simple but understanding what financing means for you can help to clarify if wether or not it’s your best choice. How Does Furniture Financing Work? …
Risk is inherent in all aspects of our daily lives, yet is an often overlooked piece of the financial puzzle. Oftentimes, you’ll hear financial risk management strategies applied to business operations and investments, this is because risk management is so important to the survival and success of businesses and investment portfolio; its importance, however, is rarely emphasized to individual personal financial planning, and while business and investment growth are important, personal financial conservation and success equally is, and that is the focus of this article. Understanding Risks Risk is the possibility of loss, in most cases, of an asset that could potentially cause financial hardships to an entity, individual, or family. As an economic being, you may own a lot of assets, some are important, some aren’t as important. There are a lot of different risks that may affect ones’ financial well-being, due to loss of one or more assets. Driving to and from work on a daily basis, for example, presents a lot of risks to you, your loved ones and your vehicle. In Canada, you can’t drive a vehicle without insuring it and you have to go through a stringent driver-licensing certification before you could operate one as a licensed-driver. That’s because taking a vehicle on the road presents such a high-risk to yourself and others. Should something happen on the road, a lot of assets and lives are at risk. To protect yourself against the financial obligations of such a risk, proper driver certification and the implementation …
This is where we’re going to post, 100% free-content to empower clients like you make well-informed financial decisions from spending, budgeting, money management, asset protection to wealth-building strategies. As independent financial advisors in Canada, our team is dedicated to helping Canadians achieve a good financial future and we believe, financial education plays a crucial part. By reading this blog, you will be more informed both as a product and a financial consumer, before you even talk with a financial advisor; thereby making sure that your interest is well represented.