Emergency funds are a great way to protect yourself from unexpected expenses or a sudden job loss. But where do emergency funds fit in your financial life? Is an emergency fund better than a savings...
Category: Budgetting
Emergency funds are a shield for your finances. When an emergency arises, your emergency fund allows you to take care of it without having impacting more fragile parts of your financial life. But it...
When considering Index Funds vs. GICs, one is not necessarily better than the other, they just serve different purposes. Index funds are great for building long-term wealth, but you're also...
A Guaranteed Investment Certificate (GIC) can be great for safe growth in the short term, but you need to be thoughtful about the GIC account used so you can maximize your wealth. GICs provide...
A Guaranteed Investment Certificate (GIC) allows you to get a guaranteed return on your money in exchange for giving up access to your money for an agreed upon deposit duration. Essentially, you...
Emergency Fund Vs. Debt Repayment: Which is Better For Wealth?
Emergency funds are used to protect you when unexpected circumstances arise, but if you already have debt, should you wait to build an emergency fund vs. debt repayment? On one hand, the emergency...