What to do with $100,000 now
The 3rd installment in our Double Your Money Faster series.
RESPs
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Making it as a single mom
Rebecca recently split from her husband and now she’s struggling to support five children with little help from their dad. She has the right attitude, but it will take more than that to meet her family’s goals.
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Saving and school
Tips on how to protect your RESP and score some sweet student tax breaks.
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Smart saving tips for parents
Bruce Sellery says there’s nothing wrong with parents wanting to help their kids, so long as they’re still putting money away for themselves.
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The 0.00028%
Forget the 1%. See how the 100 wealthiest Canadians made their money in 2012.
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Group RESPs, beware
Group RESPs aren’t a scam but parents do need to read the fine print before signing up. Plus the latest on The Bay’s IPO and ways to save on laundry.
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The best places to park your cash
With rates so low, it pays to shop around. Here are the best rates out there now for high-interest savings accounts, Tax-Free Savings Accounts and GICs.
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The old college try
With a four-year education coming in at $80,000 or more, university is a daunting expense. RESPs can get you closer to that goal—with a bit of help from Ottawa.
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RESP payoff
More than half of parents have set up an RESP account to help fund their kid’s education, according to BMO.
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Educated savings tips
If you’re just starting school don’t worry about building a nest egg. There’s plenty of time to catch up. Graduating debt free should be your top priority.
