Client Login Contact Us
Book an appointment with Jordan School District Human Resources using SetMore
8 Easy Money Saving Tips

8 Easy Money Saving Tips

Growing your monthly savings can be relatively easy just by cutting back on a few things. Making your own lunch or making coffee at home rather then paying $2 at a chain store adds up quite a bit at the end of the month. Here are 8 money saving tips you can start taking advantage of today:

1. Write a list of things you need to buy before you go shopping (and stick to it!)

2. Skip Starbucks and bring coffee to work from home.

3. Make your own lunch. Limit eating out to once every other week.

4. Pay off debt sooner by consolidating debt and lowering interest fees.

6. Get rid of your car. Try using public transportation more often. This will save you tons of money every month.

7. Use popular online coupon websites such as Groupon. Also make sure to check out grocery store flyers beforehand.

8. Buy common staples in bulk from places like Costco.


3 Proposed Changes By The Liberal Government That Could Impact Our Personal Finances

3 Proposed Changes By The Liberal Government That Could Impact Our Personal Finances

On October 20th, 2015, the Liberal party won the election with a majority vote, claiming 184 seats out of the 338. This change in government could potentially result in changes made to our personal finances. Below we have outlined three key proposed changes by the Liberal government that could affect our household finances.

1. TFSA Limit Reduction
The most talked about proposed change in personal finance could be the Tax Free Savings Account (TFSA) contribution reduction. A TFSA is an account that allows Canadians to earn tax-free investment income, which nicely compliments other savings plans like the Registered Retirement Savings Plans (RRSP) and the Registered Education Savings Plans (RESP). The Liberal government is proposing to reduce the current yearly TFSA contribution limit from $10,000 down to $5,500.

2. Tax Changes for Middle- and High-Earners
The Liberal government has proposed a tax cut to those making between $45,000 and $90,000 per year by reducing the federal tax rate from 22% to 20.5%, which could save people in that tax bracket up to $670 per year. They are also aiming to increase the federal tax rate for people earning over $200,000 from 29% to 33%.

3. Student Loan Repayment Plan
The Liberal government is proposing an exemption for new graduates from repaying their student loans until they earn a minimum of $25,000 a year. Students could also not have to pay interest on their loan amount until they earn the minimum required salary. Instead, the government would assist these new graduates by paying their interest until they are able to afford it.

It’s important to remember that these are only proposed changes, and that no changes have gone into effect. As the months go by, it will certainly be interesting to see how these electoral propositions will pan out.