Your debt-to-income ratio could make or break your chances of getting a mortgage. Understand how it's calculated and what DTI will improve your odds.
Looking for tips on how to start saving money? Explore this step-by-step guide on how to save money so you can achieve your savings goals from Better Money Habits.
Abudgetis a plan for every dollar you have. Whether your income is steady or varies from month to month, a budget helps you organize your expenses, savings goals and other financial obligations into a manageable system that can provide more financial freedom and a less stressful life. How to...
planning. One key benefit is eliminating mortgage payments while living in your home. With all Home Equity Conversion Mortgages the original mortgage loan is paid off before you receive any funds. The absence of mortgage payments allows you to allocate your cash flow towards expenses in your ...
Save what you can: Find room for savings and decide how much you can allocate, even if you adjust it month to month. Once you have created your budget, check it often and look for more ways to save money — it’s not just about what you make, it’s about what you keep, and eve...
Learn to make your own smart financial plan. Our Advice+ centre can help you achieve your financial goals and dreams.
Use the steps below to build a blueprint that works for your finances. Start with a budget If you’re not sure how to budget, start by choosing a system that you’ll stick with. One option is the 50/30/20 budget plan, which allocates 50% of your income for needs, 30% for wants...
Create a budget: The first step in managing your finances is to create a budget. Start by tracking your income and expenses to see where your money is going. Then, create a budget that allocates your income towards your expenses and financial goals. Prioritize saving: Make saving a priority...
you can. Instead of spending on interest charges, you can divert those funds to your retirement savings. Thanks to compound interest, these new funds you are able to allocate to retirement will earn interest of their own, and that interest will start to earn interest. Pretty exciting, right...
If you freelance, earn commissions, run a small business, or rely on paying clients for a living, your income is likely unpredictable from year to year. But how you manage and allocate the money you make shouldn’t be. Ad Feedback ...