Top Money Tips for New Parents

Even in the best of times, taking care of a baby is no mean feat—more so for first-time parents. One anxiety many parents have with their first child is how to support them, and this task is made even more challenging today by the economic challenges caused by COVID-19. In fact, a report by the Vanier Institute of the Family revealed that the majority of Canadian families see the pandemic as a threat to their financial security.
Fortunately, you don’t have to navigate …

Making the Most Out of an Insurance Payout for Young Families

Katie and Tom, a young couple, recently got a payout from a critical illness insurance policy of $200,000. They want to know how to spend and where to invest this amount.
If you are like Katie and Tom, who want to improve your finances from an insurance payout, you can consider yourselves fortunate. This amount of money is ideal for boosting investment plans. Though there are many other factors to look at, here are some ways how you can prioritize.
First, you can pay off your debts, such as credit card…