Tag Archives: debt

Plan Your Spending Using Annual Numbers

When creating a cash flow plan, planning your spending using annual numbers makes a huge difference and allows you to easily compare different expenses.  Often little expenses are [..]

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Fun Critical in Finance

My boys wake up and are ready to play, fun rules their lives.  I am sure when I was  small I was the same way, however as I [..]

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Listing Expenses By Priorities, C7

This step takes the list of expenses you created a couple of steps ago and re write it in order of priority.  For this you can exclude price as [..]

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Honest Income Estimate

With an understanding of your expenses, it is time to list your income.  For this an honest, conservative  and organized estimate is always the best plan. If an income estimate [..]

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Collecting Your Real Spending, C5

Too often when creating a budget, the numbers are invented and the time is not taken to observe our current spending.  This often is dramatically different from the reality,  making [..]

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Using the RRSP “Gross up” Strategy

This is a simple strategy to increase the size of your RRSP (Registered Retirement Savings Plan) without losing more of your income to savings.  The best way to [..]

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RRSP’s and Education (LLP)

  The LLP (Life Long Learning Plan) can be a great option, although I rarely see a fit for it.  The Life Long Learning Plan allows you to [..]

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RRSPs and Buying a Home (HBPP)

  Using your RRSP’s for a down payment on your first home is common, and with the HBP (Home Buyers Plan) you can borrow money from your RRSP [..]

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Do RRSP Loans make sense?

Every year RRSP loans are a popular option when investing in a RRSP (Registered Retirement Savings Plan), but do they make sense?  Like most financial tools they need to [..]

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RRSP or Spousal RRSP?

One option that RRSP’s (Registered Retirement Savings Account) offer that is underutilized is the Spousal RRSP.  With this you can contribute to the RRSP and get the full tax deduction; [..]

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