Personal finances are no joke
Five resolutions for how to stay on track in 2010.
Five resolutions for how to stay on track in 2010.
This is no April Fools joke: the Bank of Montreal released five resolutions for Canadians in order to avoid being fooled by their finances in the coming year.
Here’s a biggie — don’t get tricked into thinking you don’t have to take personal responsibility for your retirement. Opening up an RRSP and contributing to it on a regular basis is one of the easiest ways to save.
Canadians are also being urged to pay more than the minimum monthly payment on credit card balances, to set up a life insurance policy, to diversify investments, and to choose a shorter amortization period for mortgages. You can save up to $53,000 if you reduce your period from 35 to 25 years.
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