Saving for the Future
It is important to set and keep a budget so you can pay your monthly expenses.
To learn how to budget and find a budget template that match your needs visit:
• Financial Consumer Agency of Canada's budgeting tools and tips
• Credit Canada
Trouble with Money
Do you have trouble with your money and in debt - get credit counselling.
A credit counsellor will review how you spend your money. They will teach you how to make a budget. Your credit counsellor will also help you decrease your debt.
Family Service Kent's first credit counselling meeting is free but further counselling is based on your income.
You can speak with your bank or credit union about your situation.
Types of Investments
You invest your money into a bond, stock or special program to earn money for the future. You earn a return or interest on the dollar amount you invested.
The following program will help you invest for your future:
• Guaranteed Investment Certificate (GIC)
• Registered Retirement Savings Plan (RRSP)
• Tax-Free Savings Accounts (TFSA)
• Registered Education Savings Plan (RESP)
You should talk to your bank or financial adviser for more information. A financial adviser can help you set your goals and pick the right investment for you.
To learn more on investments use the Newcomer Investor Information Education Kit and try the investing quiz.
To find a financial advisor in Chatham-Kent please go to the Chatham-Kent Business and Service Directory. Select the “Financial Services” directory; a sub-directory and select your choice of community.
The Canada Pension Plan is government program that is taken off each of your cheques from work. This program will give you the by visiting the Old Age Security (OAS) pension, when you retire.
To learn more visit:
• Service Canada's website
• Settlement.org