What Is The 50-30-20 Budget Rule?
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Published by Mohamed Konate | Updated Feb 04, 2025
What Is The 50-30-20 Budget Rule?
Reading Time: 4 Min The 50-30-20 budget is a popular budget format to allocate your after-tax income to resources for needs, wants, and savings/debt repayment. In this article, we outline the basics of a 50-30-20 budget and explore how to set it up to manage your finances effectively. If you’re ready to take your finances to the next level… Continue reading What Is The 50-30-20 Budget Rule?
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Published by Mohamed Konate | Updated Feb 04, 2025
How To Start Budgeting – A Beginner’s Guide
Reading Time: 5 Min Budgeting is a powerful tool to help you take control of your finances and make smarter decisions with your money. It allows you to allocate your money to specific categories, goals, and savings, and if used correctly, a budget can help you achieve long-term financial stability. This article will walk you through the steps to… Continue reading How To Start Budgeting – A Beginner’s Guide
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Published by Mohamed Konate | Updated Feb 26, 2024
How To Pay Down Credit Card Debt: A Step-By-Step Guide
Reading Time: 6 Min Credit card debt occurs when you purchase an item or service using a credit card and fail to pay off the balance by the due date. This balance accumulates interest, which can spiral out of control, leaving you with a massive sum to pay off. Roughly 40% of Canadians have some form of credit card… Continue reading How To Pay Down Credit Card Debt: A Step-By-Step Guide
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Published by Mohamed Konate | Updated Feb 04, 2025
Can You Have More Than One Life Insurance Policy?
Reading Time: 6 Min Are you wondering if you can have more than one life insurance policy? If so, you’re not alone. Manypeople are unsure whether they can have multiple policies, what the benefitsare, and how it might affect their coverage. In this article, we answer your questions about lifeinsurance, whether you can have multiple life insurance policies, the… Continue reading Can You Have More Than One Life Insurance Policy?
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Published by Mohamed Konate | Updated Feb 04, 2025
How Life Insurance Works In Canada
Reading Time: 8 Min Life insurance serves as a financial safety net, providing a lump sum payment to beneficiaries upon the policyholder’s death. It can help cover funeral costs, pay off debts, and replace lost income, ensuring your family’s financial well-being when you’re gone. Life insurance in Canada works pretty much just like life insurance elsewhere in the world, with… Continue reading How Life Insurance Works In Canada
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Published by Mohamed Konate | Updated Feb 04, 2025
What Are The Four Types of Universal Life Insurance?
Reading Time: 4 Min At its most basic, life insurance offers financial protection and peace of mind to your beneficiaries after your death. After death, the insurer will pay out a sum of money, called the death benefit, to the beneficiaries, which helps them with unexpected expenses and supports them for a time. Universal life insurance is a type… Continue reading What Are The Four Types of Universal Life Insurance?
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