Finance Blog: Top 3 basics for personal finance

If there is one thing that all university students have in common, it’s a love/hate relationship with procrastination. Putting off working on an assignment that’s due in two weeks may not be a big deal, but putting off learning how to properly manage your finances could be far more damaging. There is a lot to learn on this subject, some things more important and some less. Below is a list of the three crucial topics that are worth learning about. Know and improve your credit scores The first step to take is to find out what your credit score is. This can be done quite easily using services like Credit Karma or MOGO. At this point you’ll likely be surprised […]

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Finance Blog: How to save for an overseas vacation

As always, the first step in saving for this financial goal is to make a plan. An easy way to plan for an overseas vacation is to talk to an investment advisor about setting up a Regular Investment Plan. This plan will automatically send a predetermined amount of money from your bank account to an investment account where it can be invested in a stock, actively managed mutual fund, or index fund of your choosing every month. A mutual fund is an investment vehicle which pools the money of many investors and invests it in a diversified basket of securities, while an index fund is a type of mutual fund which the portfolio is constructed to track a market index […]

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