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'Not free money': What students should know before getting their first credit card

'Not free money': What students should know before getting their first credit card

Everyone starts building their credit score somewhere — and for many, it’s getting that first credit card during college or university. Financial institutions know whatever card you get is likely to be kept for a long time.
Tempted to switch to an online-only bank? Know the perks and drawbacks

Tempted to switch to an online-only bank? Know the perks and drawbacks

Switching to an online-only bank more than a decade ago was just another way Jessica Morgan was trying to save money at the time as a new grad. "Saving money was the main motivator," Morgan, now a financial educator and founder of Canadianbudget.
Sell, trade in or keep: What to do if you're underwater with your car loan

Sell, trade in or keep: What to do if you're underwater with your car loan

Some drivers who bought their vehicle within the past couple of years when auto prices were hovering around record highs are now facing the reality that they're underwater with their car loans.
Earn while you learn: How apprenticeships give students a leg up in the trades

Earn while you learn: How apprenticeships give students a leg up in the trades

Apprenticeships can be a dream scenario. You can earn while you learn, jobs are in demand, incomes are often high. Employers and governments are eager to help students through the process with a variety of grants, resources and learning supports.
Parents look to save costs as youth sports programs get more expensive

Parents look to save costs as youth sports programs get more expensive

When Monisha Sharma looked into swim lessons for her daughter, she decided to take an unconventional route to save costs.
'Someone is getting paid somewhere': An explainer on financial planning fees

'Someone is getting paid somewhere': An explainer on financial planning fees

While personal, your relationship with your wealth planner is also highly transactional, and understanding how these fees are structured is important when it comes to growing your money over time.
Variable mortgage rates regaining traction as Bank of Canada cuts rates

Variable mortgage rates regaining traction as Bank of Canada cuts rates

OTTAWA — The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
Pet ownership costs are rising. Here's how to budget for them now and in the future

Pet ownership costs are rising. Here's how to budget for them now and in the future

Adopting a pet can enrich your life in countless ways, but it's important to budget properly for costs now and in the future. Most people researching and budgeting for a new pet typically view food and vet costs as the two main expenses.
Confused about all the deductions on your paycheque? Here's what they mean

Confused about all the deductions on your paycheque? Here's what they mean

You're a few weeks into your new job and payday has arrived. But reading your first paystub, it's a little unclear what all of these deductions mean. After all, the exact amount of your biweekly direct deposit never came up in the interview process.
Taking a gap year during your education? Here's how to make the best financial plan

Taking a gap year during your education? Here's how to make the best financial plan

Whether it's to travel the world or just take a breather before moving on to the next chapter, students sometimes pause their educational pursuits for a so-called gap year.