by CFS Wealth Management Inc. | Nov 25, 2020 | Personal Finance, Saving
One of the biggest factors in action when it comes to getting a loan is your credit score or in other words your credit report. Your credit score is a numerical indication of your creditworthiness. It is the primary factor that creditors and lenders use to decide...
by CFS Wealth Management Inc. | Nov 17, 2020 | Pension Unlock, Personal Finance, Saving
A LIRA, also called a Locked-In Retirement Account, holds the pension funds that you accumulated at a company you no longer work for. Since you are not yet retired, these funds are still locked in and not accessible. If you quit your job and only accumulated a minimum...
by CFS Wealth Management Inc. | Nov 13, 2020 | Personal Finance, Saving
November is Financial Literacy Month marked by the Financial Consumer Agency of Canada. Throughout this month, FCAC shares financial literacy to Canadian families, individuals, and businesses, to help strengthen the ability to manage money and debt wisely. To take...
by CFS Wealth Management Inc. | Nov 10, 2020 | Personal Finance, Saving
As the Government of Canada mentioned, it’s never too early to start saving for your retirement. Saving earlier means putting less money aside each month. Early savings also help with accumulated interest on your retirement. Now, the real question is, how much of your...
by CFS Wealth Management Inc. | Nov 5, 2020 | Personal Finance
Housing expenses such as mortgages or rent and insurance are some of the biggest monthly payments that we experience. Besides all the living costs, we also have to count on transportation expenses and even more when you’re purchasing, financing, or owning a car. ...
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