Alterna Team

Articles here have been written by various members of the Alterna Savings team. 

As we head into Black Friday and kick-off the holiday shopping season, here are some tips for taking control of your spending while keeping the holidays merry and bright.

Given the average age for marriage in Canada is 30.7 years, it is reasonable to infer that most newlyweds have been working, establishing themselves, and perhaps living together in a common-law relationship before their wedding day. Whether you’ve been together for years or just starting out, it’s never too late to merge your finances.

In our Advice for Life fall newsletter issue, you’ll find market outlook, the importance of financial planning and advice, tips on navigating a volatile market and so much more.

RRSPs are designed to help you save for retirement. According to Canada Revenue Agency rules, you must close your RRSP by the end of the year in which you turn 71, although you can certainly do so earlier if you're ready to begin generating income from those savings.

Financial literacy is a crucial life skill everyone should acquire, and it’s never too early to start teaching it to children. While the education system does include financial literacy as a component of education, we cannot rely on it alone. One of the fundamental aspects of financial literacy is instilling the value of saving, something passively discussed in school.

The lingering aftermath of the pandemic continues to cast a shadow over small businesses, prolonging their recovery. Many of these enterprises initially turned to loans, such as the Canadian Emergency Business Account (CEBA) to weather the storm. However, the unforeseen sluggish sales and subsequent rise in interest rates have left numerous business owners grappling with financial strain.