Savings Chronicle was featured in a post today over at Money Highway called, “Investing and Money Rules of Thumb“. If you haven’t read it yet, you should.You
Thanks again for the mention,
Kent

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The difference between term and whole life insurance is an important one to understand. Without understanding the difference between term and whole life insurance, you won’t be able to tell whether you are properly insured, under insured or over insured.
Temporary needs
The key to understanding the difference between term and whole life insurance comes down to [...]

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Every Wednesday, I will share my favourite items from my RSS feeds with you. Here is the first edition of Savings Chronicle’s Link Love.
Personal Finance
PT Money discussed how to rebuild your credit score.
Canadian Tax Resource debunks three common RESP misconceptions.
Larry MacDonald reports on further growth of ETFs as measured by assets under management in Canada.
The [...]

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I’ve already touched on how to use high interest savings accounts to keep your emergency fund safe. I also mentioned that if you have debt, you need to establish a small emergency fund first and then worry about paying off your debt. As mentioned, your small emergency fund should be $1,000 if you make over [...]

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The debt snowball is a popular solution to start working on debt reduction. The debt snowball solution is something made famous by personal finance guru Dave Ramsey. After establishing a baby emergency fund and placing it in one of the available high interest rates savings accounts, your next action should be starting your debt snowball rolling down hill.

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High interest savings accounts are the best place for people to keep their emergency funds. Better still; pick from the best internet savings accounts available, such as the Orange Savings Account from ING Direct.
Internet savings accounts are the best place to park your emergency fund because it keeps you funds beyond arms reach. In other [...]

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