Q. My spouse is near the end of her life and she has approximately $60,000 she wants to transfer to her son to be used for her two grandchildren’s education . I suggested she could transfer the amount to her son’s registered retirement savings plan (RRSP) while living without triggering any tax implications . He […]
Ways to give money to grandchildren who have maxed out their RESPs Read More »
Spending money is an American pastime. With a national saving rate hovering around 5%, it’s clear we collectively love to spend. And honestly, being able to enjoy our wealth is a beautiful thing. It’s something more personal finance enthusiasts like me—and readers of Financial Samurai—could probably do more of. But like with most things, moderation
Why We Keep Spending Even When We Know We Shouldn’t Read More »
Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com. Twitter: @lauren_schwahn. The article How to Cut Spending Without Cutting Out Small Businesses originally appeared on NerdWallet. https://www.nerdwallet.com/article/finance/how-to-cut-spending-without-cutting-out-small-businesses #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome
How to Cut Spending Without Cutting Out Small Businesses Read More »
There are some costly financial regrets that keep people anchored in the middle class, preventing them from moving up and achieving financial freedom. These missteps can accumulate over time, eroding potential savings, investments, and opportunities for growth. Here are some financial regrets to be mindful to secure a better financial future. 1. Not Having an
15 Costly Money Mistakes Trapping the Middle Class Read More »
Your credit report holds the details of your financial life—what you’ve borrowed, how you’ve paid it back, and who’s taken a look. But not everyone has the right to access it. Under the Fair Credit… The post Who Can Access Your Credit Report? appeared first on Crediful. https://www.crediful.com/who-can-access-your-credit-report/ #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy
Who Can Access Your Credit Report? Read More »
With the 2024 tax season now over for most of us (those with self-employment income and their spouse or partner still have until June 16 to file), the preliminary tax filing stats have been released by the Canada Revenue Agency . Of the 29.9 million personal tax returns filed to date, 94 per cent of
Have you made a mistake or need to change your tax return? Here’s how Read More »
There’s nothing quite like a Disney park. Whether you’re visiting the original Disneyland or have been swept away by the multiple parks at Disney World, these amusement parks set the standard for creativity and immersion. Another way Disney sets the standard? Its pricing. Nowadays, a single-use ticket tops well over a hundred dollars per person…
Undercover Tourist Review: Legit Discounts for Theme Parks Read More »
Looking for a cost-effective paradise where you can stretch your savings further while still enjoying a high quality of life? These locations usually offer lower costs for essentials like housing, healthcare, and daily expenses, allowing retirees to maintain their lifestyle without financial stress. These locations ensure that retirees can live securely, explore new hobbies, and
15 Stunning Places to Retire Without Overspending Read More »
Medical debt can feel like it takes over everything. Even with health insurance, the bills can pile up fast—copays, deductibles, prescriptions, and surprise charges. If you’re uninsured, it’s even harder to keep up. You’re not… The post How to Deal With Medical Debt Even If You Can’t Pay It All appeared first on Crediful. https://www.crediful.com/how-to-deal-with-medical-debt/
How to Deal With Medical Debt Even If You Can’t Pay It All Read More »
Patricia and Craig* both turn 65 in 2026. Until U.S. President Donald Trump’s trade war and all the uncertainty that has caused both in the markets and the economy they had both planned to retire next year. Now they aren’t so sure that’s a realistic goal. The Ontario-based couple bought their dream home in 2020
Couple approaching 65 with a mortgage worry tariff war will torpedo retirement Read More »
When you decide to sell a house, you might encounter a preemptive offer—a bid that arrives before you list publicly on the open market or reach your set offer due date. This scenario often unfolds in a robust market or when your property is highly sought after. It’s a tempting yet tricky situation: Do you
Accepting A Preemptive Offer vs. Listing On The Open Market Read More »
Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com. The article How Much Does Foundation Repair Cost in 2025? originally appeared on NerdWallet. https://www.nerdwallet.com/article/mortgages/foundation-repair-cost #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances #generationalwealth
How Much Does Foundation Repair Cost in 2025? Read More »
There are classic money habits that create a strong foundation for long-term financial success. By following these classic principles, you can build and maintain wealth, ensuring financial stability and security for the future. Adopting these habits helps you make smart financial decisions, avoid common pitfalls, and achieve your financial goals with greater ease. 1. Accept
14 Old-School Ways to Grow and Protect Your Money Read More »
Your credit report plays a big role in your financial life. It can affect whether you’re approved for a mortgage, car loan, or credit card—and what interest rates you’ll get. It’s also a key tool… The post How to Easily Read and Analyze Your Credit Report appeared first on Crediful. https://www.crediful.com/how-to-read-a-credit-report/ #financialfreedom #money #entrepreneur #business
How to Easily Read and Analyze Your Credit Report Read More »
It’s easy to tell people that they shouldn’t react emotionally when they’re investing. Don’t sell when you’re scared and don’t buy when you’re excited. Leave the emotion out of it. And I’ve written those same things over and over again because it’s good advice. But knowing not to do something logically is not the same
My Biggest Investing Mistake and How You Can Avoid It Read More »
Canada’s federal finance minister has announced that a budget will not be presented during the upcoming session of Parliament, but there will be a fall economic statement (FES) presented later this year, which surprised many and it should. Isn’t one of the basic constitutional principles of our democracy that taxpayer money cannot be spent without
Canada needs a full federal budget now to show where taxpayers’ money is going Read More »
Most business owners think they have a vision. What they actually have is noise. They throw around vague goals like “growth” or “freedom,” but if you pressed them for details, you’d get fuzzy answers at best. Ask their team where the company is going, and you’ll get blank stares. Look at their calendar, and you’ll
The Real Reason You’re Stuck Isn’t Strategy—It’s Vision Read More »
Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com. Twitter: @lauren_schwahn. The article What Moody’s U.S. Credit Rating Downgrade Means for Treasurys originally appeared on NerdWallet. https://www.nerdwallet.com/article/finance/moodys-downgrades-us-credit-rating #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome
What Moody’s U.S. Credit Rating Downgrade Means for Treasurys Read More »
Retirement is an essential milestone that requires careful planning and saving to ensure a comfortable future. But with so many variables at play, it’s challenging to determine the magic number needed to secure a comfortable retirement. After someone asked a poverty finance community how much they needed for a comfortable retirement, these were their honest responses.
12 Key Factors to Weigh Before Retirement Read More »
Struggling to get approved for a credit card because of bad credit or no credit history? A secured credit card might be your best way to start building—or rebuilding—your credit. These cards work just like… The post What Is a Secured Credit Card? appeared first on Crediful. https://www.crediful.com/secured-credit-card/ #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy
What Is a Secured Credit Card? Read More »
