Jessica Morgan

Dec 6, 2024 | moneysense.ca | Moi Rewards |Jessica Morgan

News The temporary tax break will save Canadians money, but financial experts caution shoppers to do the math and avoid relying on credit. While many Canadians highly anticipate the federal government’s upcoming GST holiday, experts say consumers need to make sure they’re saving money on what they need most without falling for the allure of a deal and hurting their bottom line.

Nov 25, 2024 | moneysense.ca | Jessica Morgan

In addition, three of the year’s busiest shopping days are coming up: Black Friday, Cyber Monday and Boxing Day. In the meantime, whether you’re holding out for the lowest prices on big-ticket items or preparing to give a sizable monetary holiday gift, putting your cash in a high-interest savings account (HISA) can help those funds grow until you’re ready to use them.

Nov 12, 2024 | moneysense.ca | Jessica Morgan

Cash Allocation Sponsored By Simplii Financial If you’ve sold your home, putting the money into a Canadian high-interest savings account can help you grow your money while you decide your next move. If you’ve sold your home or are planning to soon, you may have a large amount of cash that needs a temporary parking spot while you prepare for your next move.

Oct 15, 2024 | money.ca | Jessica Morgan

What is a pay yourself first budget? The pay yourself first budget approach prioritizes your financial goals first in your spending plan. Most of us focus on paying all our expenses, then spending and finally saving what's left. The pay yourself first budget flips the traditional practice on its head. With a pay yourself first approach, the focus is on spending after saving. Whatever your savings goals, getting intentional with your money can help you reach those goals faster.

Oct 2, 2024 | moneysense.ca | Jessica Morgan

Cash Allocation Sponsored By Simplii Financial As interest rates continue to fall, Canadians are looking for alternatives to grow their cash. A HISA is a flexible option with competitive rates. The Bank of Canada (BoC) recently lowered its policy interest rate by another 25 basis points, from 4.50% to 4.25%. It was the central bank’s third consecutive cut, and economists widely expect more cuts before the end of the year.