Self-employment can be a liberating experience, offering the freedom to pursue your passions and work on your own terms. However, this freedom often comes with a price: the need to manage your finances carefully to ensure a stable income. Balancing self-employment and budgeting can be challenging, but with the right strategies, you can achieve financial stability and enjoy the benefits of being your own boss. In this article, we will explore the relationship between freedom and finances, and provide practical tips on how to manage your finances as a self-employed individual. Understanding the Challenges of Self-Employment Self-employment can be unpredictable, with income varying from month to month. This...

Introduction to Saving for Education The registered educational savings plan (RESP) has been around for almost 50 years, helping Canadian parents, grandparents, and legal guardians save for a child's post-secondary education. Since its introduction in 1974, the government has created other accounts, such as the tax-free savings account (TFSA), and many banks have introduced high-interest savings accounts (HISA). With all these options, it's natural to wonder if an RESP is still the best way to save for your child's education. The Rising Cost of Education The cost of tuition is steep and continues to rise. For the 2024/2025 school year, the average tuition fee in Canada for domestic students...

Understanding Your Savings Options When it comes to saving money, it's essential to determine what you're saving for and how long you have to reach...

As a self-employed individual, achieving financial freedom is the ultimate goal. It means having the ability to work on your own terms, pursue your...