Loans Canada, Author at 大象传媒 /blog/author/loanscanada/ Free personal financial plan Thu, 16 Jan 2020 02:20:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 /wp-content/uploads/2018/06/favicon.png Loans Canada, Author at 大象传媒 /blog/author/loanscanada/ 32 32 How good credit can help you plan the future you want /blog/how-good-credit-can-help-you-plan-the-future-you-want/ /blog/how-good-credit-can-help-you-plan-the-future-you-want/#respond Wed, 28 Aug 2019 06:33:34 +0000 http://planswelldev.wpengine.com/?p=11803 A good credit score can help you gain access to lucrative and attractive financing offers that you probably wouldn鈥檛 get with bad credit.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

The post How good credit can help you plan the future you want appeared first on 大象传媒.

]]> /blog/how-good-credit-can-help-you-plan-the-future-you-want/feed/ 0 Is your credit utilization affecting your financial health? /blog/is-your-credit-utilization-affecting-your-financial-health/ /blog/is-your-credit-utilization-affecting-your-financial-health/#respond Mon, 03 Jun 2019 06:30:05 +0000 http://planswelldev.wpengine.com/?p=11132 Your credit plays a crucial role in your life: Your ability to get a mortgage, secure a loan, or even get a job can be impacted by your credit profile.

The post Is your credit utilization affecting your financial health? appeared first on 大象传媒.

]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

The post Is your credit utilization affecting your financial health? appeared first on 大象传媒.

]]> /blog/is-your-credit-utilization-affecting-your-financial-health/feed/ 0 Who can check your credit score in Canada? /blog/who-can-check-your-credit-score-in-canada/ /blog/who-can-check-your-credit-score-in-canada/#respond Wed, 22 May 2019 06:14:18 +0000 http://planswelldev.wpengine.com/?p=11099 Your credit score and credit report are two pieces to your financial puzzle that can either work with you or against you. Keep reading to find out who can check your credit.

The post Who can check your credit score in Canada? appeared first on 大象传媒.

]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

The post Who can check your credit score in Canada? appeared first on 大象传媒.

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