Personal Finance Buzz

Saving for retirement is simple, not easy. Although saving rates are low, Canadians can utilize some key strategies to save for retirement.

Saving money today for tomorrow’s expenses is the best way to ensure long-term financial security. With the future of the nation’s supplemental retirement income program up in the air, consumers are urged to save as much money as possible during their working years in order to grow retirement funds. One of the most popular methods of saving earned income for retirement is through employer-sponsored retirement programs that offer tax benefits. Here we look at the 401(k) program and how it is taxed.

One of the best ways to save money as you work to pay down debt is to use a balance transfer. Check out our infographic to learn more about balance transfers.

Chances are that you have heard about balance transfers. You can move your balance from one credit card to another. But what’s the big deal? Why would someone choose to move their credit card balance? A credit card balance transfer is a big deal because it can save you a lot of money in interest charges.

There is plenty of advice out there about saving for your retirement according to your age. However, the basis of all of that information is that you should be saving.

‘The time to start saving for retirement is yesterday’ quipped the financial advisor. The second-best time to start is today! The longer you save for retirement, the more money you will have to retire on, even if the amounts saved are quite small in the beginning.

Getting your feet wet in the real world, finding a job and spending your new found money seems to be consistent on every graduates radar. So what first? Paying off student loans or saving for retirement?

The balance sheet is a snapshot of a company's financial health. The balance sheet is divided into assets, liabilities and shareholder's equity.