Do You Need a Will Yet? A Life-Stage Checklist
Do you need a will? If you own property, have a partner, kids, or a business, yes, now. Without one your province decides who inherits and who raises your kids.
Beneficiary Designations: The 15-Minute Decision People Skip
Beneficiary designations override your will. Whoever is named on your RRSP, TFSA, or life insurance gets it, so name a primary and a contingent.
How Much Life Insurance Do You Actually Need?
How much life insurance do you need? Size it to your debts plus your income times the years your family depends on it, minus what you already have.
Budget Around Goals, Not Percentages
How to budget by goals when 50/30/20 fails: give each goal a target and a date, automate it on payday, and let needs and wants flex around what is left.
Renting vs. Buying: The Trade-off Worth Running the Numbers On
Rent or buy? Don’t compare rent to a mortgage payment – compare renting plus investing the difference to the all-in cost of owning. How long you stay decides.
Your First $10,000: What Order to Fill Your Accounts
You finally have $10,000 to invest – which account gets it first? Fill them in order of free money, then tax efficiency: buffer, match, debt, FHSA, TFSA, RRSP.
Pay Down Debt or Invest? A Simple Decision Rule
Should your spare cash pay down debt or go into investments? Rank every dollar by its guaranteed return and clear anything above about 6 to 8 percent first.
How Much Emergency Fund Is Actually Enough?
How much emergency fund is enough? Size it to your essential bills: 3 months if your income is steady, 6+ if it’s variable, plus where to keep it.
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