What Is The Average Savings Of A Canadian By Age

Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook. Read his full author bio

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Published by Mohamed Konate | Jan 11, 2024

What Is The Average Savings Of A Canadian By Age

Reading Time: 6 Min The average savings by age in Canada helps determine how much people need to save at their current age. Although it should be the best approach toward financial stability, it is not the ultimate way to create savings in the long run.

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Published by Mohamed Konate | Jan 10, 2024

The Best Car Loans Canada 2024

Reading Time: 5 Min Is it time to buy a new car? Or perhaps, you are shopping around for your first car? It can be a stressful process figuring out what vehicle you want, what vehicle you can afford, and how to purchase it. The majority of people cannot afford to buy a car outright, and instead, take… Continue reading

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Published by Mohamed Konate | Jan 10, 2024

How Many Ways Can You Borrow Money?

Reading Time: 4 Min Methods of borrowing money were not made equal. If they were made equal, there wouldn’t be so many methods! So, the question becomes, how exactly can money be borrowed? In this article, we will explore the many ways in which money can be borrowed thereby helping you achieve your financial and non-financial goals. Ways to… Continue reading

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Published by Mohamed Konate | Updated Jan 15, 2024

Personal Loan Vs. Home Equity Loan: A Comparative Guide

Reading Time: 5 Min There are multiple loan options for someone seeking extra money to accomplish a goal, fund a project, or make a major purchase. Two such loans are personal loans and home equity loans. If you find yourself needing to choose between these loans, this article provides a comprehensive overview of the pros, cons and features of… Continue reading

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Published by Mohamed Konate | Jan 10, 2024

Chequing Account Guide 2024

Reading Time: 7 Min Guide to Finding the Perfect Chequing Account Part of everyday life is spending, despite the fact that most of us wished this wasn’t true! With the technology of today’s world, most of our spending is done virtually, as opposed to with cash, making an optimal chequing account of the utmost importance. The features and… Continue reading

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Published by Mohamed Konate | Updated Jan 09, 2024

The Best RRSP Savings Accounts In Canada 2024

Reading Time: 6 Min Investing in a Registered Retirement Savings Plan (RRSP) is a smart way to prepare for retirement while enjoying tax advantages. With numerous banks and financial institutions offering RRSP accounts in Canada, choosing the one that suits your financial goals can be challenging. To help you pick the right RRSP for your financial needs, this article… Continue reading

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