Raising a family?
Jenn and Mike need to move past living expenses and debts to start saving for long-term goals such as retirement and their kids’ education. But they don’t know how much to save or where to find the money. They worry about their young family if something happened.
Click on a question - Life & Money Matters has the answers!
Where does my money go?
Jenn and Mike need to move from short-term thinking of spending and debt if they want to build long-term savings. Do you know where your money is going? Life & Money Matters can help you learn better budgeting and financial habits.
Use this Government of Canada calculator to find out where your money is going and how much you can put towards your goals. Click here >
Five basics about managing money
School probably didn’t teach you about managing money. Read more >
Getting a Grip on Excessive Debt
Do you have a debt problem? Take a moment to answer these questions. Read more >
Making a plan to be debt-free
The Government of Canada walks you through the steps to tackle your debts. Read more >
The real cost of raising kids
Jenn and Mike have heard the news – it may cost as much as $250,000 to raise a child to 18 years old, not including secondary education.^ Families need to be aware of these costs when making choices around spending and saving. Life & Money Matters has tools to learn more about raising a family.
Child and Family Benefits Calculator
Use this Government of Canada calculator to see what child and family benefits you may be eligible for. Click here >
Having a baby
This Government of Canada checklist will help you apply for benefits. Click here >
How much university costs
Use this Universities Canada calculator to find out how much money your program will cost and if your planned savings will be enough. Click here >
Registered education savings plans (RESPs)
The Canada Revenue Agency explains how an RESP works. Read more >
^The Real Cost of Raising Kids. Mark Brown. 2015. MoneySense.
How much do I need to save?
Jenn and Mike wonder if they’re saving enough for retirement. It’s a good question – research shows that 25% of pre-retirees are not saving for retirement on a regular basis.^ Life & Money Matters has the tools you need to learn about saving for retirement.
Pay Yourself First
You should pay the most important person in your life first. Watch the video >
Registered accounts basics
The Government of Canada explains everything about: Registered Retirement Savings Plan (RRSP): Click here >
Tax-Free Saving Account (TFSA): Click here >
Are you saving enough for retirement?
Find out if you are on track with our RRSP Calculator. Click here >
Five basics about managing money
Here are some tips to build lifestyle success for your future you. Read more >
^LIMRA Secure Retirement Institute Ready, Set, Retire? Not So Fast! … Revisited. 2014.
How can I take care of my family?
As parents and sole proprietors of their web design company, Jenn and Mike have to consider how to protect their family and their business. Life & Money Matters has the tools to help you reduce your risk.
Why do I need life insurance?
Life insurance is a tool to help people prepare for the unexpected. Watch the video >
Insurance Lingo infographic
Shopping for insurance can be confusing given the unfamiliar terms. Our infographic explains some of the commonly used terms. Read our blog >
An investment solution that meets your needs
Guaranteed Investment Funds can help you grow your savings and protect you from market downturns, in addition to benefits such as estate planning, probate bypass and potential creditor protection. Read our brochure >
Life insurance basics
This Guide from The Canadian Life and Health Insurance Association (CLHIA) shows how Life Insurance can protect your family and business. Click here >
There’s no place like home
Buying a home can be the single biggest purchase you will ever make – consider protecting it with life insurance. Read more >
Pay Yourself FirstWatch the video >