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So what is the difference between a chequing and savings account, and do you need both? Chequing Account A chequing account is a place for the money you use for day-to-day living expen... Savings Accounts A savings account is used to store money for a longer-term... Do I need both? Chequing and savings accounts are great tools for specific jobs – together, they offer ways to make it easier for you to manage your money... These savings accounts allow 2 withdrawals per month for free before incurring fees

That's because banks are in the business of making a profit for their shareholders... Try doing that in a traditional bank! An account for everyone Some of the earliest credit unions in Canada were established as an alternative to banks, which often made it difficult for average citizens to borrow or invest. Alterna Savings continues that tradition with special accounts for children, students, and seniors; multi-purpose business accounts; daily interest savings accounts; pay-as-you-go accounts; U... S

Alterna - Navigating Rising Interest Rates: Smart Financial Moves for Canadian Families Navigating Rising Interest Rates: Smart Financial Moves for Canadian Families By Alterna Team June ... While these measures can have long-term economic benefits, they present immediate challenges for Canadian families... If our expenses have already increased due to inflation and higher interest payments, it’s better to wait for until you have the funds to pay for them upfront, so as not to take on additional debt

As parents, we’re constantly looking for ways to secure a bright future for our children. Alongside academic success, fostering financial literacy is important for preparing them for the journey ahead. At Alterna, we understand parents’ challenges in planning for their child’s financial well-being, and we’re here to make it easier for you. RESP: Investing in your child’s education Did you know that for the 202... Book an Appointment [i] The Daily — Tuition fees for degree programs, 2021/2022 (statcan

Building a strong foundation Financial literacy is like a strong foundation for a house. It provides stability and support for future financial decisions... For example, a vacation... Emergency Preparedness Teaching kids to save also prepares them for unexpected expenses or emergencies... Kids learn they are accountable for their money, there are consequences for saving and spending, and that they should manage money wisely. This lesson paves the way for responsible budgeting, saving, and investing practi

A thoughtful financial plan creates space for both enjoyment today and security tomorrow... Share to Related Articles Chequing vs Savings Account Alterna Savings and the Credit Union Difference Helping your Children Buy their First Home Choosing the Right Chequing Account The Benefit of Multiple Bank Accounts Avoiding Investment Fraud for Seniors 5 Tax Tips for the Self-Employed Safeguarding Your Personal Information Smart Ideas for your Tax Refund Navigating Rising Interest Rates: Smart Financial

Alterna - Financial Planning for Parents Financial Planning for Parents By Alterna Team November 22, 2021 Life Events A new baby is so exciting! Preparing financially for this happy addition to your family can help you budget for parental leave, baby expenses, and plan for the future by updating your financial plans, life insurance, and will... Maternity benefits can be claimed for up to 15 weeks... You don’t need to be pregnant to start planning for a baby... People are often willing to sell gently use