Reward Credit Cards – Spending has it’s Rewards

A drawing of a credit card

There are many benefits to reward credit cards – by far the greatest the financial reward aka cash back, travel miles, groceries, etc. These are the new norm and an obvious choice. There is a wealth of information online about how to optimize every last point and penny to travel around the world on a shoestring. If spending hours on analysis isn’t for you don’t despair. A lot of the benefit can be gained with minimal effort.
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Saving for a Sunny Day – Registered Retirement Savings Plan (RRSP)

A picture of a palm tree on an island

The news has been full of the changing patterns of retirement given increasing life expectancy. Now with life expectancy well over 80, people need to plan for 20-30 years of retirement. This requires significant savings – a great first step is an RRSP. Essentially you get a tax credit for putting money away for your retirement. For most people you can contribute 18% of your salary to a maximum of $26,010.
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