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ARTICLES OF INTEREST

18
Feb

Why have a will when you have beneficiaries?

You give up some control when you just have beneficiaries and no will

by Ed Olkovich for MoneySense magazine

Q: I am married. I have RRIF and LIRA and my spouse has RRSPs. We have joint cashable accounts too. We have appointed each other as beneficiaries for every account. I am told this arrangement takes longer to settle on death if there is no will. Why do I still need a will?

—Krish

Click to read the answer to this question on the MoneySense website.

20
Jan

Budgeting

If you’ve made a resolution to be more disciplined with your spending, or you’ve overspent over the holidays, a budget is a good way to get back on track.  Here’s a good article from Practical Money Skills that you might find helpful.


A budget is a plan, an outline of your future income and expenditures that you can use as a guideline for spending and saving.

Only 47 % percent of Canadians use a budget to plan their spending. But Canadians are feeling more in debt than ever with 90% saying they have more debt today than five years ago. A budget can help you pay your bills on time, cover unexpected emergencies, and reach your financial goals — now and in the future. Most of the information you need is already at your fingertips. Read more »