CourseCompare, Author at 51³Ô¹Ï±¬ÁÏ /blog/author/coursecompare/ Free personal financial plan Thu, 25 Jul 2019 21:32:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 /wp-content/uploads/2018/06/favicon.png CourseCompare, Author at 51³Ô¹Ï±¬ÁÏ /blog/author/coursecompare/ 32 32 Funding your education: should you pay your own way or take out an ISA? /blog/funding-your-education-should-you-pay-your-own-way-or-take-out-an-isa/ /blog/funding-your-education-should-you-pay-your-own-way-or-take-out-an-isa/#respond Thu, 25 Jul 2019 17:54:14 +0000 http://planswelldev.wpengine.com/?p=11657 With all the press around education ISAs (income share agreements), it’s worth asking if they are the right kind of educational investment for you to make.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you’ll be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you’ll need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don’t have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there’s a program in place that allows you to , it’s not recommended to withdraw money from your RRSP to fund a renovation. You won’t get the contribution room back and you’ll pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/funding-your-education-should-you-pay-your-own-way-or-take-out-an-isa/feed/ 0 How much does education pay? Ask a Software Developer /blog/how-much-does-education-pay/ /blog/how-much-does-education-pay/#respond Tue, 27 Nov 2018 16:46:19 +0000 http://planswelldev.wpengine.com/?p=9088 Calculating the return on investment (ROI) for education can be tricky if you don’t have any relevant data at hand. Should you enroll in a four-year degree or study part-time? Find out here.

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]]> /blog/how-much-does-education-pay/feed/ 0 What it costs to quit your job to start a business /blog/what-it-costs-to-quit-your-job-to-start-a-business/ /blog/what-it-costs-to-quit-your-job-to-start-a-business/#respond Mon, 29 Oct 2018 13:16:16 +0000 http://planswelldev.wpengine.com/?p=8672 Thinking about becoming your own boss? Find out just how much it actually costs to quit your job and start your own business.

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