You may recall that I wrote about a brand new online service for Canadians called Finizi a few months ago. I thought I would post an update today to let you know how they’re doing. In just a few months, they’ve completed over $40 million in GIC auctions. Finizi offers a new, easier way for…
I recently had two reasons to look up the going rates on GICs and savings accounts. I thought I’d share what I found with you today and raise the question: Is it worth it to put cash into a 5-year GIC when some savings accounts are paying almost as much while offering the same safety and…
The following is a guest post with some good advice to kick off 2012. Enjoy! The New Year is upon us, and for many, this time of the year signifies a time of new beginnings. People strive to better themselves by creating New Year’s resolutions, many of which are focused on health. While trying to…
Simplicity is the ultimate sophistication. ~Leonardo DaVinci When the Tax Free Savings Account was introduced in Canada in 2009, it was hailed for its practicality and simplicity. Any Canadian 18 years or older can now contribute up to $5000 per year to a TFSA and have those savings grow completely tax free. While TFSA contributions…
Starting today, there’s a new financial resource for Canadians out there. It’s called Finizi. Basically, Finizi is a free online service that allows financial institutions to compete for your business. At this time they are only offering GICs, but there are plans in the works to offer competitive bidding on rates for car loans and…
The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function. ~F. Scott Fitzgerald Update: Thanks to Arjun at Investing Thesis for including this article in the Canadian Personal Finance and Investing Carnival #16. Very few topics elicit…
Money often costs too much. ~Ralph Waldo Emerson Update: This article was included in the 13th Canadian Personal Finance and Investing Carnvial posted at Investing Thesis. Thanks! As if earning enough money to live wasn’t hard enough, we have to figure out a way to put enough aside for the days when we are no…
To decide is to walk facing forward with nary a crick in your neck from looking back at the crossroads. ~ Betsy Cañas Garmon Update: This article was included in the 279th Carnival of Personal Finance – 80s Music Edition posted at Dough Roller. Thanks! I’ve received a couple of questions from readers on how…
